Industry Background:
The global radio access network market is expected to witness high demand due to an increase in the demand for next-generation 5G networks. Radio access network aids in connecting individual smart devices to other parts of the network through radio connections. It provides access and co-ordinates the management of resources across the radio sites. The radio access network market growth is attributed to the increasing demand for enhanced cellular coverage in increased cellular and IoT devices. The rising adoption of Network Function Virtualization (NFV) and Software-Defined Networking (SDN) in network infrastructure is also supporting market value.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung (South Korea), Juniper Networks, Inc. (United States), Cisco Systems, Inc. (United States), Altran Technologies (United States), Verizon Communications, Inc. (United States), HP Enterprises (United States), Qualcomm Technologies, Inc. (United States) and NEC Corporation (United States) |
This growth is primarily driven by High Adoption due to Mobile Data Traffic, Increasing Demand for Smartphones and Rising Demand due to Improved Network Coverage.
Globally, a noticeable market trend is evident The Rise in Demand for Network Infrastructure Due to the Internet of Things (IoT)
The Telecommunications Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung (South Korea), Juniper Networks, Inc. (United States), Cisco Systems, Inc. (United States), Altran Technologies (United States), Verizon Communications, Inc. (United States), HP Enterprises (United States), Qualcomm Technologies, Inc. (United States) and NEC Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
On 11th November 2019, Zain has selected Ericsson to build its 5G network in Bahrain, with the first commercial 5G services expected to go live before the end of 2019. and On 22nd October 2019, Ericsson and NVIDIA, the leader in accelerated computing have announced they are collaborating on technologies that can allow communication service providers to build high-performing, efficient and completely virtualized 5G radio access networks (RAN).
On 3rd July 2019, Vodafone UK became the second mobile operator in the United Kingdom to launch 5G services on a commercial basis and said it will reach eight million consumers with 5G services by 2021.
Influencing Trend:
The Rise in Demand for Network Infrastructure Due to the Internet of Things (IoT) and Technological Advancements in the Telecommunications Industry
Market Growth Drivers:
High Adoption due to Mobile Data Traffic, Increasing Demand for Smartphones and Rising Demand due to Improved Network Coverage
Challenges:
The Growing Concern Related to Compatibility Issues Between Traditional Network Infrastructure and Next-Generation Network Infrastructure
Restraints:
Spectrum Crunch and Delay in the Standardization of Spectrum Allocation
Opportunities:
High Demand due to Development of 5G Network: and 5G connectivity technology in the radio access network market is expected to grow at a significant rate over the forecast period due to supportive initiatives by governments and private players for commercialization of the 5G network. 5G technology provides greater speed compared to current 4G LTE cellular networks.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Radio Access Network Market
- Analysis about New Entrants in Radio Access Network Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Radio Access Network Study Sheds Light on
The Radio Access Network Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Radio Access Network industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Radio Access Network industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.