Middle East & Africa Ran Intelligent Controller Market Size & Outlook
Middle East & Africa ran intelligent controller market, 2017-2030 (US$M)
Related Markets
MEA ran intelligent controller market highlights
- The MEA ran intelligent controller market generated a revenue of USD 12.7 million in 2023.
- The market is expected to grow at a CAGR of 46.3% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 12.7 million |
| Market revenue in 2030 | USD 181.3 million |
| Growth rate | 46.3% (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, MEA region accounted for 5.8% 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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Middle East & Africa 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 60.63% in 2023. Horizon Databook has segmented the Middle East & Africa ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa (MEA) region is witnessing a surge in the demand for high-speed data connectivity, which is propelling the adoption of RAN Intelligent Controller (RIC) solutions. Countries such as Saudi Arabia, UAE, and South Africa are experiencing a significant rise in mobile broadband usage and the widespread adoption of 5G technology, contributing to the growth of the market in the region.
The growing 5G infrastructure, coupled with the increasing smartphone penetration and digital service adoption, is also contributing to the market growth. Additionally, the early adoption of 5G technology and the growing number of Internet of Things (IoT) devices are accelerating the need for more advanced and intelligent network management solutions.
Furthermore, the rising adoption of 5G technology and the rapid increase in mobile data traffic are driving the development of novel applications and services that require RICs for effective network resource management.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ran intelligent controller market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ran intelligent controller market size, by country, 2017-2030 (US$M)
Middle East & Africa RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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