RAN intelligent controller market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of artificial intelligence (AI) and machine learning (ML) based systems for providing real-time analytics. RAN intelligent controllers include lower costs for mobile transporters, greater network control, and increased network performance. Use cases for RAN intelligent controllers include resource optimization, traffic steering, quality-of-experience (QoE), and quality-of-service (QoS) optimization. RAN intelligent controller (RIC) is a comprehensive automation platform designed to optimize software applications and algorithms to manage network performance.
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MEC offers a distributed computing platform for hosting services and applications. For faster reaction times, it can also store and process content near cellular users. Real-time radio access network (RAN) data can also be provided to applications. Software programs can access local content, service context, and up-to-date information on local-access network circumstances with multi-access edge computing (MEC). Mobile core networks can efficiently support local latency-sensitive applications by relieving additional congestion providing multiple services and storing material at the network edge.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global RAN Intelligent Controller Market by Component
- Platforms
- Services
Global RAN Intelligent Controller Market by Function
- Non-RT RIC (Non-Real-Time-RAN Intelligent Controller)
- Near-RT RIC (Near-Real-Time-RAN Intelligent Controller)
Global RAN Intelligent Controller Market by Technology
- 4G
- 5G
Global RAN Intelligent Controller Market by Application
- rApps
- xApps
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accelleran NV
- Accenture plc
- Airspan Networks Inc.
- ASOCS Ltd.
- Comba Telecom Systems Holdings Ltd.
- Corning Inc.
- Fujitsu Ltd.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co., Ltd.
- Intel Corp.
- . JMA, LLC
- Mavenir Systems, Inc.
- NEC Corp.
- Nokia Corp.
- Parallel Wireless, Inc.
- Qualcomm Inc.
- Radisys Corp.
- ZTE Corp.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global RAN intelligent controller market. based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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