Online Charging System (OCS) Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

Online Charging System (OCS) Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global RAN analytics and monitoring market provides qualitative and quantitative analysis for the period from 2021-2030. The global RAN analytics and monitoring market was valued at USD 857.1 million in 2022 and is expected to reach USD 1985.03 million in 2030, with a CAGR of 11.1% during the forecast period 2023-2030. The study on RAN analytics and monitoring market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

A Radio Access Network (RAN) is a cutting-edge technology software solution that provides network operators with real-time visibility into the presentation of their Radio Access Networks (RANs). A radio access network (RAN) uses data analytics and machine learning to identify and resolve issues quickly and optimize network performance. To deliver real-time performance indications, the radio access network (RAN) combines a variety of advanced network operation processes with detailed analytics. The telecommunications sector has become more complex due to the rapid expansion of technologies such as cloud computing, the Internet of Things (IoT), and 5G. Thus, telecom operators and businesses are depending more and more on RAN analytics and monitoring solutions to guarantee peak performance and provide high-quality services. Additionally, advanced network troubleshooting, optimization, and subscriber experience analytics are provided by RAN optimization and analytics solutions across networks. In addition, it helps in the analysis of the geo-located KPIs for efficient RAN monitoring and problem detection.

The rising adoption of 5G network services is a significant growth factor for the market. A significant amount of data traffic is being generated as 5G network services are being adopted more widely, enhancing user experience and reducing hardware and software costs are two benefits of RAN integration with 5G services. The RAN analytics and monitoring sector is projected to grow significantly as a result of these benefits in the coming years. Additionally, Artificial intelligence (AI) and Machine Learning (ML) are emerging technologies that are being used to produce new and unique RAN Analytics and monitoring solutions. These technologies can give operators broader insights into their networks and assist them in automating activities, identifying patterns, and making predictions. However, the security risks associated with RAN analytics and monitoring solutions hamper the market. Network operators may be concerned about the security risks associated with RAN analytics and monitoring solutions. Moreover, the rising adoption of cloud-based RAN Analytics and monitoring solutions offers on-premises solutions, including scalability, flexibility, and cost-effectiveness, which creates lucrative opportunities for the market.

North America is projected to hold the most prominent market share in the upcoming forecast period. Factors like as the rapid adoption of 5G networks, rising demand for seamless connection, and an expanding number of connected devices are propelling the North American region. The region's technologically advanced telecommunications landscape, as well as the requirement to enhance network performance in order to fulfill user expectations, drive the need for effective analytics and monitoring solutions. Additionally, several major network equipment providers, independent software vendors, and data analytics firms provide advanced solutions in the North America region. The market is being driven by the need to optimize network performance, manage increasing data traffic, and improve user experience. Moreover, In North America, growth in the integration of RAN capacity planning and optimization solutions, RAN-based data analytics solutions, and RAN-based traffic management systems are also expected in the next years. However, the fastest emerging Asia Pacific region is a significant market for RAN analytics and monitoring solutions to optimize network performance and ensure efficient spectrum. Furthermore, China, Japan, and India are some major players that have built extensive infrastructure, allowing the business to expand in the Asia Pacific region.

Report Findings

1) Drivers

• The rising adoption of 5G network services is a significant growth factor for the market.
• Rising technological advancement in Artificial Intelligence (AI) and Machine Learning (ML) are the emerging technologies that will be propelling the growth of the market.

2) Restraints

• The security risks associated with ran analytics and monitoring solutions hamper the market.

3) Opportunities

• The rising adoption of cloud-based ran analytics and monitoring solutions offers on-premises solutions, including scalability, flexibility, and cost-effectiveness, which creates lucrative opportunities for the market.

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global RAN analytics and monitoring market is segmented on the basis of component, and application.

The Global RAN Analytics and Monitoring Market by Component

• Solution
• Service

The Global RAN Analytics and Monitoring Market by Application

• 5G
• 4G
• 3G and 2G

Company Profiles

The companies covered in the report include

• NETSCOUT
• Anodot Ltd.
• RADCOM LTD.
• Telefonaktiebolaget LM Ericsson
• NetQPro
• EXFO Inc.
• VIAVI Solutions Inc.
• Parallel Wireless
• Infovista
• Opanga Networks, Inc.

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the RAN analytics and monitoring market.

2. Complete coverage of all the segments in the RAN analytics and monitoring market to analyze the trends, developments in the global market and forecast of market size up to 2030.

3. Comprehensive analysis of the companies operating in the global RAN analytics and monitoring market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.