Europe Ran Intelligent Controller Market Size & Outlook
Europe ran intelligent controller market, 2017-2030 (US$M)
Related Markets
Europe ran intelligent controller market highlights
- The Europe ran intelligent controller market generated a revenue of USD 65.5 million in 2023.
- The market is expected to grow at a CAGR of 61.3% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 65.5 million |
| Market revenue in 2030 | USD 1,861.6 million |
| Growth rate | 61.3% (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, Europe region accounted for 30.0% 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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Europe 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 62.9% in 2023. Horizon Databook has segmented the Europe ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
The RAN intelligent controller market in Europe has witnessed significant growth in recent years in line with the rising demand for high-speed mobile internet services, and subsequently, the continued rollout of 5G networks.
As IoT devices continue to proliferate and mobile networks continue to become more complex, network operators are increasingly implementing intelligent RAN technology to optimize the usage of network resources, enhance network efficiency, and improve user experience.
The operators signed a memorandum of understanding (MoU) document titled "The Implementation of Open RAN-Based Networks in Europe" in January 2021 and issued two important technical documents. The first document, published in May 2021, detailed the main technical requirements and scenarios for each building block of a multi-vendor RAN.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ran intelligent controller market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ran intelligent controller market size, by country, 2017-2030 (US$M)
Europe RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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