UK Ran Intelligent Controller Market Size & Outlook
UK ran intelligent controller market, 2017-2030 (US$M)
Related Markets
UK ran intelligent controller market highlights
- The UK ran intelligent controller market generated a revenue of USD 18.4 million in 2023 and is expected to reach USD 554.2 million by 2030.
- The UK market is expected to grow at a CAGR of 62.6% 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 18.4 million |
| Market revenue in 2030 | USD 554.2 million |
| Growth rate | 62.6% (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, UK accounted for 8.4% 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 Europe, UK ran intelligent controller market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 276.7 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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UK 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 62.5% in 2023. Horizon Databook has segmented the UK 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 the U.K. is poised for significant growth over the forecast period as a result of the favorable initiatives being pursued by the government to encourage research and development of new, innovative connectivity technologies and the rising demand for high-speed connectivity.
In March 2023, the U.K. government announced the Open Networks Ecosystem (OpEN) competition to address obstacles to adopting open mobile networks. The government would allocate a budget of up to USD 98 million toward this effort, marking the next phase of broader research and development funding for open networks.
The funding comes from a USD 307 million pool set aside for R&D in open networks, in line with the 5G Telecoms Supply Chain Diversification Strategy introduced in 2020 following the ban of Huawei, a Chinese vendor, from providing equipment for its next-generation networks.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK ran intelligent controller market , including forecasts for subscribers. This country databook contains high-level insights into UK ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK ran intelligent controller market size, by component, 2017-2030 (US$M)
UK RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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