South Korea Ran Intelligent Controller Market Size & Outlook
South Korea ran intelligent controller market, 2017-2030 (US$M)
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South Korea ran intelligent controller market highlights
- The South Korea ran intelligent controller market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 232.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 56.6% 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 10.1 million |
| Market revenue in 2030 | USD 232.7 million |
| Growth rate | 56.6% (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 Korea accounted for 4.6% 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 Asia Pacific, China ran intelligent controller market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.4 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 Korea 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 62.38% in 2023. Horizon Databook has segmented the South Korea ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
Mobile network operators (MNOs) in South Korea are experiencing exponential growth in data traffic, primarily driven by the increasing demand for video streaming services, peer-to-peer services such as video conferencing, and over-the-top (OTT) applications, along with the proliferation of mobile devices.
RICs enable MNOs to optimize network performance and predict traffic patterns for managing network resources efficiently. The market players leverage AI and ML technologies, which enables RICs to be adapted to network conditions in real time, development of innovative solutions, and increased market share.
In 2022, the majority of mobile data traffic in South Korea, nearly 72%, was generated by 5G subscribers, despite them representing only about 34% of the total SIM customer base. On average, a 5G subscriber consumes 28 GB of data per month, roughly 3.4 times the amount consumed by an average 4G subscriber.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ran intelligent controller market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ran intelligent controller market size, by component, 2017-2030 (US$M)
South Korea RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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