Wilmington, Delaware , Nov. 07, 2023 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, "Radio Access Network Market by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, and Distributed Antenna System), Technology (2G, 3G, 4G, and 5G), and End User (Residential and Enterprise): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global radio access network industry accounted for $17.80 billion in 2018, and is anticipated to reach $44.78 billion by 2026, registering a CAGR of 11.3% from 2019 to 2026.
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- 97 – Tables
- 89 – Charts
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Prime Determinants of Growth
The growth of the global radio access network market is driven by a rise in network densification, surge in demand for mobile broadband services, and an increase in mobile data traffic. Moreover, an increase in investments in smart cities is expected to provide lucrative opportunities in the market growth. However, concerns related to fiber backhaul, and privacy & security concerns restrict the market growth.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2019–2026 |
| Base Year | 2019 |
| Market Size in 2018 | $17.80 billion |
| Market Size in 2026 | $44.78 billion |
| CAGR | 11.3% |
| No. of Pages in Report | 267 |
| Segments covered | Communication Infrastructure, Technology, End User, and Region. |
| Drivers | Increase in demand for mobile broadband services Increase in network densification Growing mobile data traffic |
| Opportunities | Increase in investments in smart cities |
| Restraints | Concerns related to fiber backhaul Privacy & security concerns |
The Small Cell Segment to Witness the Largest Share the Market
On the basis of product, the small cell segment garnered the largest share in 2018, accounting for nearly two-thirds of the global radio access network market. In addition, the same segment is expected to witness the fastest CAGR of 13.4% during the forecast period. This is due to deployment of small cells to increase the capacity of operator networks across an array of locations.
The Residential Segment to Manifest Fastest Growth By 2025
On the basis of technology, the enterprise segment dominated the global radio access network industry in 2018, contributing to nearly three-fifths of the market share, owing to rise in digitalization and supportive government initiatives toward digitalizing entire business processes. However, the residential segment is expected to grow at the fastest CAGR of 12.9% during the forecast period. Smart homes are the key factors driving the adoption rate of radio access network and small cell across residential applications. The ability of small cells to cover smaller areas with higher bandwidth boosts the growth of radio access network market in residential application.
Asia-Pacific to Maintain Dominance throughout the Forecast Period
On the basis of region, the Asia-Pacific region held the largest share in 2018, accounting for more than two-fifths of the market and is anticipated to maintain its lead position throughout the forecast period. The growth is driven by rise in government initiatives for building smart cities in Asia-Pacific, upcoming long-term investments in advance technologies, and various technological advancements related to manufacturing, automotive, aerospace & defense. On the other hand, LAMEA is projected to witness the fastest CAGR of 14.5% in between 2018 to 2025. Growth in IoT, increase in adoption of 5G technologies, and rise in demand for advanced technologies in automotive and consumer electronics propel the growth of the LAMEA radio access network market.
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Major Market Players
- NEC Corporation
- Qualcomm Technologies, Inc.
- Ericsson
- Fujitsu Limited
- Huawei Technologies Co., Ltd.
- SAMSUNG ELECTRONICS CO. LTD.
- Cisco Systems, Inc.
- ZTE Corporation
- Intel Corporation
- Nokia Corporation
Key Benefits For Stakeholders:
- As per the radio access network market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the radio access network market analysis from 2022 to 2032 to identify the prevailing radio access network market opportunities.
- The radio access network Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the radio access network market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global radio access network market trends, key players, market segments, application areas, and radio access network Market growth strategies.
Radio access network Key Segments:
By Communication Infrastructure
- Small Cell
- Macro Cell
- RAN Equipment
- DAS
By Technology
- 2G
- 3G
- 4G
- 5G
By End User
- Residential
- Enterprise
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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