Asia Pacific Ran Intelligent Controller Market Size & Outlook
Asia Pacific ran intelligent controller market, 2017-2030 (US$M)
Related Markets
Asia Pacific ran intelligent controller market highlights
- The Asia Pacific ran intelligent controller market generated a revenue of USD 86.6 million in 2023.
- The market is expected to grow at a CAGR of 64.1% from 2024 to 2030.
- In terms of segment, platforms was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 86.6 million |
| Market revenue in 2030 | USD 2,773.3 million |
| Growth rate | 64.1% (CAGR from 2023 to 2030) |
| Largest segment | Platforms |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platforms, Services |
| Key market players worldwide | Telefonaktiebolaget L M Ericsson ADR, Nokia Oyj, Huawei Technologies, ZTE Corp Class H, Samsung Electronics Co Ltd, Cisco Systems Inc, Juniper Networks Inc, Mavenir, Broadcom Inc, Viavi Solutions Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.6% of the global ran intelligent controller market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,773.3 million by 2030.
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RAN Intelligent Controller Market Scope
RAN Intelligent Controller Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ran intelligent controller market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ran intelligent controller market will help companies and investors design strategic landscapes.
Platforms was the largest segment with a revenue share of 64.55% in 2023. Horizon Databook has segmented the Asia Pacific ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Asia Pacific region presents a lucrative market for RAN intelligent controllers (RICs) owing to factors such as significant advancements in the field of telecommunications and networking infrastructure, rapid deployment of 5G, growing adoption of smartphones, and an exponential rise in mobile data traffic.
With the rapid digitization of various industries and the increasing adoption of cloud computing, the demand for high-speed and reliable communication networks has increased. RICs have been widely recognized as prime enablers of network automation and optimization, attracting significant investments from telecommunication service providers and enterprises.
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Target buyers of Asia Pacific ran intelligent controller market databook
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Our clientele includes a mix of ran intelligent controller market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ran intelligent controller market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ran intelligent controller market size, by country, 2017-2030 (US$M)
Asia Pacific RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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