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RAN Intelligent Controller Market Trends

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

RAN Intelligent Controller Market Trends

With the rise of edge computing and MEC, RAN intelligent controllers are playing a crucial role in enabling low-latency, high-bandwidth applications, and services at the network edge. These controllers help in distributing computing resources, caching content, and optimizing traffic flows to deliver enhanced user experiences for latency-sensitive applications such as Augmented Reality (AR), Virtual Reality (VR), and autonomous vehicles. For instance, in February 2022, Orange and Samsung partnered to test and deploy RAN intelligent controllers for industrial applications. This partnership is in line with Samsung's involvement in the development of open-source code for RAN intelligent controller elements and its expanding influence on the open RAN domain, as well as Orange's inauguration of the first laboratory in France dedicated to open RAN technology.
 

Market developments for RAN intelligent controllers include the incorporation of sophisticated analytics and automation, which provides networks with predictive and self-optimizing capabilities. Cloud-native techniques are gaining popularity owing to their increased scalability and agility. Edge computing integration is becoming more popular, particularly for latency-sensitive applications. Open RAN efforts continue to stimulate innovation while promoting interoperability and vendor diversity. These developments reflect the industry's need for improved performance, flexibility, and efficiency in network administration.

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.

RAN Intelligent Controller Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 310
  • Countries covered: 26
  • Pages: 240
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