Global Radio Access Network Market is expected to reach USD 15.33 billion in 2024 from USD 7.88 billion in 2016 at a CAGR 8.68%.
Global Radio Access Network Market
The radio access network is a part of telecommunication system. It implements a radio access technology. The major factors driving the growth of this market are increasing mobile traffic, growing demand for improved network coverage, and technological advancements in the telecommunication industry.
Global Radio Access Network Market for small cell will grow at the highest CAGR and will hold the largest market share in the forecast period. Large-scale adoption of the small cells by network operators to address the need for high-speed data transfer and improve the quality of services is the driving the growth of Global Radio Access Network Market for small cell. Small cells will help increase the network capacity and therefore aid in network densification.
The largest market share will be held by 5G with highest CAGR in the forecast period. The market for 5G is flooded with demand for wireless broadband services, which require fast and high capacity networks. The volume of the data being carried by cellular networks is driven by the increasing liking for video streaming among consumers.
Global Radio Access Network Market for retail stores to grow at highest CAGR during forecast period. The need for higher automation, faster processing, and improved customer experience would drive the adoption of radio access network infrastructure in the future too, leading to the growth of the market for retail stores. Urban areas held the largest size of Global Radio Access Network Market based on deployment location in 2017. The need for amplified capacity and coverage in the locations such as city centre zones, subways, and stadiums, which are always populated with a large number of occupants, are the major drivers for the growth of Global Radio Access Network Markets for urban areas.
Global Radio Access Network Market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. North America has the largest share of Global Radio Access Network Market in 2017. The factors such as increasing automation in various sectors, adoption of Internet of Things (IoT), increasing cellular M2M connections, and high demand for on-demand video services would drive the growth of Global Radio Access Network Market in the region.
The key players of this market are Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung (South Korea), NEC (Japan), Cisco (US), Qualcomm (US), Intel (US), Fujitsu (Japan), Juniper Network (US), Hewlett Packard Enterprise (HPE) (US), Corning (US), AT&T (US), Verizon Communications (US), HUBER+SUHNER (Switzerland), CommScope (US), Airspan Networks (US), Qorvo (US), and LG Electronics (South Korea).
•Global Radio Access Network Market analysis and forecast, in terms of value.
•Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Radio Access Network Market.
•Global Radio Access Network Market segmentation on the basis of communication infrastructure, connectivity technology, deployment location, end-users and geography has been provided.
•Global Radio Access Network Market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study.
•Global Radio Access Network Market analysis and forecast for global market.
•Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
•Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Radio Access Network Market are also profiled.
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The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at global market value for Global Radio Access Network Market.
Key Players of the Global Radio Access Network Market
3. Nokia Networks
11. Juniper Network
12. Hewlett Packard Enterprise
15. Verizon Communications
18. Airspan Networks
20. LG Electronics
Years considered to estimate the market size of the Global Radio Access Network Market have been mentioned below:
• Base year: 2016
• Estimated year: 2017
• Forecast year: 2017 to 2024
The scope of the Global Radio Access Network Market
This research report segments the Global Radio Access Network Market based on communication infrastructure, connectivity technology, deployment location, end-users and geography.
Global Radio Access Network Market by Communication Infrastructure
• Small Cell
• Micro Cell
• Pico Cell
• Femto Cell
• Macro Cell
• RAN Equipment
Global Radio Access Network Market by Connectivity Technology
Global Radio Access Network Market by Deployment Location
• Urban Areas
• Public Spaces
• Rural Areas
• Residential Areas
• Retail Stores (Supercenters & Hypercenters)
• Large Enterprises
• Small And Medium Enterprises
• Airport/Rail/Bus Terminals
Global Radio Access Network Market by End-Users
• Mobile Phones
Global Radio Access Network Market by Geography
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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