U.S. Ran Intelligent Controller Market Size & Outlook
U.S. ran intelligent controller market, 2017-2030 (US$M)
Related Markets
U.S. ran intelligent controller market highlights
- The U.S. ran intelligent controller market generated a revenue of USD 37.6 million in 2023 and is expected to reach USD 778.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 54.2% 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 37.6 million |
| Market revenue in 2030 | USD 778.5 million |
| Growth rate | 54.2% (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, U.S. accounted for 17.2% 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 North America, U.S. ran intelligent controller market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 398.8 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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U.S. 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 64.63% in 2023. Horizon Databook has segmented the U.S. 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.S. has witnessed significant growth in recent years owing to the increasing demand for mobile data, coupled with the proliferation of smartphones. As a notable number of people use cellular devices for video streaming, downloading applications, and other data intensive activities, the demand for faster and more reliable networks has increased significantly.
In addition, the growth of the RAN intelligent controller market is attributed to the rising deployment of 5G networks. 5G network offers faster speed, lower latency, and greater network functionality. Meanwhile, it requires significant RAN infrastructure upgrades.
This provides ample opportunities for RAN corporations and company vendors to provide progressive solutions and services to meet the demand for 5G networks. To capitalize on these growth opportunities, RAN providers invest significantly in research & development and collaborate with mobile network operators to deploy new solutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. ran intelligent controller market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ran intelligent controller market size, by component, 2017-2030 (US$M)
U.S. RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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