RAN Intelligent Controllers (RIC)

RAN Intelligent Controllers (RIC)

Global RAN Intelligent Controllers (RIC) Market to Reach US$6.1 Billion by 2030

The global market for RAN Intelligent Controllers (RIC) estimated at US$379.8 Million in the year 2024, is expected to reach US$6.1 Billion by 2030, growing at a CAGR of 58.7% over the analysis period 2024-2030. RIC Platform, one of the segments analyzed in the report, is expected to record a 53.3% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the RIC Services segment is estimated at 66.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$99.8 Million While China is Forecast to Grow at 55.8% CAGR

The RAN Intelligent Controllers (RIC) market in the U.S. is estimated at US$99.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$879.6 Million by the year 2030 trailing a CAGR of 55.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 52.5% and 51.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 40.8% CAGR.

Global RAN Intelligent Controllers (RIC) Market - Key Trends & Drivers Summarized

What Makes RAN Intelligent Controllers the Future of Network Automation?

RAN Intelligent Controllers (RIC) are emerging as a cornerstone of next-generation wireless networks, revolutionizing how radio access networks (RAN) are managed and optimized. By leveraging AI and machine learning algorithms, RICs enable real-time automation, dynamic resource allocation, and improved spectral efficiency, addressing the growing demands of 5G and beyond. RICs offer network operators unprecedented flexibility by decoupling software from hardware, paving the way for Open RAN (O-RAN) architecture. This shift reduces vendor lock-in, fosters innovation, and lowers operational costs. As 5G adoption accelerates globally, RIC technology is playing a critical role in enhancing network performance, reliability, and scalability.

How Are Technological Advancements Transforming RICs?

Advancements in AI, machine learning, and data analytics are propelling RICs to the forefront of network intelligence. Near-real-time RICs (nRT-RIC) and non-real-time RICs (nonRT-RIC) are enabling granular control over network functions, such as dynamic spectrum sharing, interference mitigation, and user experience optimization. The integration of RICs with cloud-native platforms and edge computing is enhancing their ability to process vast amounts of data at the network edge, ensuring low latency and high-speed decision-making. Additionally, RICs are being designed with interoperability in mind, allowing seamless integration with multi-vendor environments. These technological strides are redefining how networks are managed, making RICs indispensable in the era of 5G and Open RAN.

What Are the Emerging Applications and Use Cases of RIC Technology?

The applications of RICs span a wide array of use cases, transforming various aspects of network management. Dynamic traffic management, powered by RICs, is optimizing user experience by adjusting network parameters in real-time based on demand fluctuations. Energy efficiency is another key focus, with RICs enabling power optimization strategies to reduce operational costs and carbon footprints. In industrial settings, RICs are enhancing private 5G deployments by delivering ultra-reliable, low-latency communication tailored to specific use cases such as smart factories and autonomous systems. Moreover, RICs are facilitating enhanced security measures by providing AI-driven anomaly detection and rapid response capabilities. These diverse applications underscore the transformative potential of RICs across industries.

What Drives the Explosive Growth in the RAN Intelligent Controllers Market?

The growth in the RAN Intelligent Controllers (RIC) market is driven by several factors. The rapid rollout of 5G networks has intensified the demand for intelligent and flexible network management solutions, making RICs a vital component for operators. The shift toward Open RAN architecture, supported by major telecom operators and governments, is fostering innovation and competition in the RIC ecosystem. Technological advancements in AI, machine learning, and edge computing are further enhancing the capabilities of RICs, expanding their adoption across industries. Additionally, the rising demand for energy-efficient and cost-effective network operations is pushing operators to embrace RIC technology. These factors, combined with the increasing complexity of 5G and future networks, position RICs as a game-changing technology for modern telecommunications.

SCOPE OF STUDY:

The report analyzes the RAN Intelligent Controllers (RIC) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (RIC Platform, RIC Services); Function (Non Real-Time RIC, Near Real-Time RIC); Application (rApps Application, xApps Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 48 Featured) -

• Accelleran NV
• Affirmed Networks
• AMDOCS
• Cisco Systems, Inc.
• Fujitsu Ltd.
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• Mavenir Systems, Inc.
• Mobileum
• NEC Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.