Radio access network market for 5G connectivity technology is expected to grow at highest CAGR during the forecast period. Market for 5G is driven by proliferating demand for wireless broadband services, which require fast and high capacity networks.
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Radio access network market is expected to be worth USD 9.88 billion in 2018 and is likely to reach USD 14.99 billion by 2023, at a CAGR of 8.7% between 2018 and 2023. Growth of radio access network market attributed to the increasing mobile traffic, growing demand for improved network coverage, and increased adoption of smart phones & technological advancements in telecommunication industry.
Key Target Audience:
- Raw material and manufacturing equipment suppliers
- System integrators
- Software providers
- Network service providers
- Distributors and resellers
- Telecom operators
- Telecom infrastructure vendors
- Device manufacturers
- Telecom network operators
- Technology investors
- Research organizations
- Cellular technology-related associations, organizations, forums, and alliances
Radio access network market for 5G connectivity technology is expected to grow at the highest CAGR during forecast period.
The market for 5G is driven by proliferating demand for wireless broadband services, which require fast and high capacity networks. Volume of the data being carried by cellular networks is driven by the increasing preference for video streaming among consumers.
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Urban area deployment held largest size of radio access network market in 2017. The need for enhanced capacity and coverage in the locations such as city center zones, subways, and stadiums, which are always populated with a large number of occupants, is the major drivers for the growth of the radio access network markets for urban areas.
1 Attractive Opportunities in Radio Access Network Market
2 Radio Access Network Market in APAC, By Communication Infrastructure and Country
3 Radio Access Network Market, By Communication Infrastructure
4 Radio Access Network Market, By Connectivity Technology
5 Radio Access Network Market, By Deployment Location
6 Radio Access Network Market, By Geography
2 Market Ranking Analysis, 2018
3 Competitive Situations and Trends
4 Product Launches and Developments
5 Partnerships and Collaborations
6 Alliances and Agreements
7 Acquisitions and Others
Report segments the radio access network market on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America held largest share of radio access network market in 2017.
Growth of North American market attributed to technological advancements, early adoption of 4G-enabled smart phones, & automation in various sectors of country.
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Key restraining factor of growth of radio access network market is spectrum crunch & delay in standardization of spectrum allocation. To meet consumer demand, mobile operators are investing in new generations of mobile technologies, such as 4G & 5G, & are establishing more number of cellular base stations.
In addition to network upgrades, mobile operators also need access to a broad spectrum. High demand for capacity is impacting availability of spectrum & has created a crunch.
Reasons to Access the Report:
- This report includes the market statistics pertaining to various segments, along with their respective revenues.
- The major drivers, restraints, opportunities, and challenges for the radio access network market have been detailed in this report.
- Illustrative segmentation, analysis, and forecast based on communication infrastructure, connectivity technology, deployment location, and geography have been provided to give an overall view of the radio access network market.
- A detailed competitive landscape has been provided including key players, in-depth analysis, and revenue of key players.
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