RAN Intelligent Controller Market Share, Size, Trends, Industry Analysis Report, By Function (Non-Real-Time-RAN Intelligent Controller (Non-RT RIC), Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)); By Component; By Technology; By Application; By

RAN Intelligent Controller Market Share, Size, Trends, Industry Analysis Report, By Function (Non-Real-Time-RAN Intelligent Controller (Non-RT RIC), Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)); By Component; By Technology; By Application; By Distribution Channel; By Region; Segment Forecast, 2024- 2032

The global RAN intelligent controller market size is expected to reach USD 13,093.38 Million by 2032, according to a new study by Polaris Market Research. The report “RAN Intelligent Controller Market Share, Size, Trends, Industry Analysis Report, By Function (Non-Real-Time-RAN Intelligent Controller (Non-RT RIC), Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)); By Component; By Technology; By Application; By Distribution Channel; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The RAN intelligent controller (RIC) acts as a comprehensive automation platform, overseeing network performance through algorithm and software optimization. Market expansion is propelled by increasing digitization and the imperative to efficiently handle network traffic. As a component of the Open Radio Access Network (Open RAN), it facilitates interoperability among hardware and software elements. The RAN intelligent controller delivers advantages such as enhanced network performance, heightened control, and cost reduction for mobile operators. Its use cases involve optimizing Quality-of-Experience (QoE) and Quality-of-Service (QoS), traffic steering, and resource utilization.

The swift adoption of RAN intelligent controllers in the Asia-Pacific region, marked by a substantial smartphone user base and expanding technological infrastructure, fuels market growth. The prominence of key market players contributes to the consolidation of the RAN intelligent controller industry in Asia Pacific. Both established players and newcomers are actively investing in Research & Development (R&D) to provide innovative and advanced solutions, showcasing a competitive landscape in the region.

The rise in concerns regarding the security and privacy of user data are growing as RAN intelligent controllers are used more frequently. In response, governments are putting laws into place that are meant to safeguard citizens' personal information and deal with cybersecurity risks. In the near future, these regulatory actions may have an effect on the advancement and application of RAN intelligent controllers. In order to remain competitive in the market, vendors must make sure that these regulations are followed.

Moreover, the shift to new technologies, notably the migration to 5G, poses a potential constraint for the RAN intelligent controller market. The incorporation of advanced functionalities and the rollout of 5G networks introduce complexities that may impede rapid adoption. Service providers and network operators must meticulously navigate this transition to guarantee a seamless integration of intelligent controllers into their networks.

RAN Intelligent Controller Market Report Highlights

In 2023, the services segment is expected to witness highest growth during forecast period owing to efficient and cost-effective

Non-Real-Time-RAN Intelligent Controller (Non-RT RIC) segment is expected to dominate the RAN intelligent controller market during forecast period.

5G segment is expected to witness highest growth during forecast period, owing to increasing sales of 5G-enabled handsets

rApps segment is expected to dominate the RAN intelligent controller market during forecast period

In 2023, Asia-Pacific accounted for the largest revenue share due to presence of major players, technological advancements, and adoption of smart technologies.

The market is highly competitive owing to the existence of market players with a global presence, including Cisco Systems, Inc., Ericsson, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Mavenir Systems, Inc, among others.

Polaris Market Research has segmented the RAN intelligent controller market report based on component, function, technology, application, and region:

RAN Intelligent Controller, Component Outlook (Revenue - USD Million, 2019 - 2032)

Platform

Services

RAN Intelligent Controller, Function Outlook (Revenue - USD Million, 2019 - 2032)

Non-Real-Time-RAN Intelligent Controller (Non-RT RIC)

Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)

RAN Intelligent Controller, Technology Outlook (Revenue - USD Million, 2019 - 2032)

4G

5G

RAN Intelligent Controller, Application Outlook (Revenue - USD Million, 2019 - 2032)

rApps

xApps

RAN Intelligent Controller, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

France

Germany

UK

Italy

Netherlands

Spain

Russia

Asia Pacific

Japan

China

India

Malaysia

Indonesia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa