Portland, May 28, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global radio access network market was pegged at $17.80 billion in 2018 and is estimated to hit $44.78 billion by 2026, registering a CAGR of 11.3% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Increase in demand for mobile broadband services, rise in network densification, and emergent mobile data traffic fuel the growth of the global radio access network market. On the other hand, concerns related to fiber backhaul, and privacy & security concerns restrain the growth to certain extent. However, surge in the amount of investments in smart cities is anticipated to pave the way for multiple opportunities in the near future.
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COVID-19 scenario-
- The COVID-19 crisis has made the end-users realize the importance of digitalization that has ensured remote working possible for their employees. The companies are now expected to increase their focus on implementing 5G infrastructure across their facilities, leading to significant deployment of radio access network in the coming years.
- Nevertheless, supply chain disruptions, delay in the release of 5G stipulations, and China-US trade war will result in lower market forecast compared to the pre-pandemic valuation.
Based on product, the small cell segment accounted for nearly two-thirds of the total market share in 2018, and is expected to rule the roost by the end of 2026. The same segment is expected to portray the fastest CAGR of 13.4% during the study period. The segments of macro cell, RAN equipment, and DAS are also analyzed in the market report.
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Based on technology, the enterprise segment contributed to nearly three-fifths of the total market revenue in 2018, and is anticipated to lead the trail by 2026. The residential segment, on the other hand, is projected to manifest the fastest CAGR of 12.9% till 2026.
Based on geography, the region across Asia-Pacific garnered the highest share in 2018, generating more than two-fifths of the global market. At the same time, LAMEA would register the fastest CAGR of 14.5% throughout the forecast period. The other provinces discussed in the report include Europe and North America.
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The leading market players analyzed in the global radio access network market report include Samsung Electronics Co., Ltd., NEC Corporation, Cisco Systems, Inc., Ericsson, ZTE Corporation, Fujitsu, Qualcomm Incorporated, Huawei Technologies, Intel Corporation, Nokia Corporation. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their stand in the industry.
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