South Africa Ran Intelligent Controller Market Size & Outlook
South Africa ran intelligent controller market, 2017-2030 (US$M)
Related Markets
South Africa ran intelligent controller market highlights
- The South Africa ran intelligent controller market generated a revenue of USD 3.5 million in 2023 and is expected to reach USD 60.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 50.2% 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.
Ran intelligent controller market data book summary
| Market revenue in 2023 | USD 3.5 million |
| Market revenue in 2030 | USD 60.1 million |
| Growth rate | 50.2% (CAGR from 2023 to 2030) |
| Largest segment | Platforms |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.6% of the global ran intelligent controller market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE ran intelligent controller market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 60.1 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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South 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% in 2023. Horizon Databook has segmented the South Africa ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa has experienced significant growth in mobile data traffic in recent years, primarily due to the increasing number of smartphone users and the proliferation of mobile applications. This growth is expected to continue as MNOs in the country predict that data traffic is expected to increase exponentially over the coming years.
Another factor driving the market growth in South Africa is the increasing adoption of 5G technology. South African MNOs are beginning to roll out 5G networks, and this is expected to drive the development of new applications and services that require the use of RICs to manage network resources efficiently.
Moreover, the total share of 5G subscribers in South Africa reached 4.4%, accounting for 5.0 million subscribers, in 2022. The rapidly growing mobile data traffic is largely driven by the increasing demand for video and multimedia content as well as the penetration of connected devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ran intelligent controller market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ran intelligent controller market size, by component, 2017-2030 (US$M)
South Africa RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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