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RAN Intelligent Controller Market Size

Report ID: GMI8144
Published Date: Feb 2024
Report Format: PDF

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RAN Intelligent Controller Market Size

RAN Intelligent Controller Market was valued at USD 426.5 million in 2023 and is estimated to register a CAGR of over 58.5% between 2024 & 2032. The industry is driven by automation and self-optimization of radio access networks, reducing manual intervention and operational costs while improving network performance and reliability. With the increasing complexity of network management in 5G environments, automation capabilities provided by intelligent controllers become indispensable.

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For instance, in October 2023, Vodafone and NEC joined forces to develop an Artificial Intelligence (AI) powered RAN intelligent controller solution. This collaboration aims to leverage AI and Machine Learning (ML) to enhance various aspects of the RAN, such as network slicing, traffic steering, energy efficiency, Massive Multiple-Input Multiple-Output (M-MIMO), and Quality of Experience (QoE) improvements.

The RAN intelligent controller market growth is fueled by the demand for efficient resource management. The evolution toward the integration of virtualized networks and edge computing amplifies the need for intelligent control mechanisms. Open RAN initiatives promoting interoperability, alongside the pursuit of network automation and intense market competition, further propel market expansion and innovation.

RAN Intelligent Controller Market Report Attributes
Report Attribute	Details
Base Year:	2023
RAN Intelligent Controller Market Size in 2023:	426.5 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	58.5%
2032 Value Projection:	27.2 Billion
Historical Data for:	2018 - 2023
No. of Pages:	240
Tables, Charts & Figures:	310
Segments covered:	Component, function, technology, application
Growth Drivers:	Increasing adoption of software-defined architectures Efficiencies in network management and operations Rapid deployment of next-gen networks Demand for low-latency applications
Pitfalls & Challenges:	Cyberthreats to centralized control points Complexity of implementation in the existing network The RAN intelligent controller industry faces

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The RAN intelligent controller industry faces challenges such as implementation issues in network environments, security vulnerabilities due to centralized control points, scalability concerns amid expanding network deployments, and the need to ensure compatibility with legacy infrastructure. Addressing these hurdles requires concerted efforts to overcome integration complexities, fortify network security measures, enhance scalability solutions, and develop strategies for seamless integration with existing systems.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Radio Access Network (RAN) Intelligent Controller (RIC) market size was worth USD 426.5 million in 2023 and is set to record over 58.5% CAGR between 2024 and 2032, attributed to the automation and self-optimization of radio access networks, reducing manual intervention and operational costs while improving network performance and reliability.

RAN intelligent controller market from the platforms segment accounted for more than 76% of revenue share in 2023 and is projected to record considerable growth during 2024-2032 owing to the emergence of cloud-native solutions for enhanced scalability and agility.

North America market size for RAN intelligent controller held more than 33% of revenue share in 2023 and is estimated to exhibit robust growth through 2032 as the region witnesses a surge in cloud-native deployments for scalability and agility.

Some of the top firms engaged in the RAN intelligent controller industry are Broadcom, Cisco Systems, Inc., Fujitsu, Huawei Technologies Co., Ltd., Intel Corporation, Juniper Networks, Inc., Mavenir, NEC Corporation, Nokia, Parallel Wireless, Rakuten Symphony Singapore Pte. Ltd, SAMSUNG, and Telefonaktiebolaget LM Ericsson.