Radio Access Network Market by Connectivity Technology (2G, 3G, 4G/LTE, 5G) Geography - Global Forecast to 2023
According to the latest market research report "Radio Access Network Market
by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment,
DAS), Connectivity Technology (2G, 3G, 4G/LTE, 5G), Deployment Location
(Urban, Rural, Residential, Retail Stores), and Geography - Global
Forecast to 2023", the radio access network market is estimated
to be valued at USD 9.88 Billion in 2018 and is expected to reach USD
14.99 Billion by 2023, at a CAGR of 8.7% between 2018 and 2023. The
market has huge potential across various deployment locations such as
urban areas, rural areas, residential areas, public spaces, and retail
stores. The major factors driving the radio access network market are
increasing mobile data traffic, growing demand for improved network
coverage, and increasing adoption of smartphones and technological
advancements in the telecommunication industry.
Browse 69 market data Tables and 52 Figures spread through 162 Pages and in-depth TOC on "Radio Access Network Market - Global Forecast to 2023"
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Radio access network market for small cell to grow at highest CAGR during forecast period
The radio access network market for small cell is
expected to grow at the highest CAGR between 2018 and 2023. Large-scale
adoption of the small cells by network operators to address the need for
high-speed data transfer and improve the quality of services is the
driving the growth of the radio access network market for small cell.
Small cells will help increase the network capacity and therefore aid in
network densification.
5G to hold largest share of radio access network market by 2023
5G connectivity technology is expected to hold the
largest size of the radio access network market by 2023. The market for
the 5G would be driven by the proliferating demand for wireless
broadband services, which require fast and high-capacity networks. The
development of the 5G connectivity technology has been undertaken to
address the growing demand for high-speed data communication. This would
lead to the need for the related network infrastructure, which would
drive the radio access network market in the near future.
Radio access network market for retail stores to grow at highest CAGR during forecast period
The radio access market for the retail stores
deployment is expected to grow at the highest CAGR between 2018 and
2023. The requirement of higher automation, faster processing, and
improved customer experience would propel the growth of the market for
retail deployment. Moreover, with the introduction of the 5G network,
the retail sector is expected to adopt the next level of automation of
services and warehouse management.
North America leads radio access network market in terms of value
North America held the largest share of the radio
access network market in 2017. The factors such as increasing automation
in various sectors, adoption of Internet of Things (IoT), increasing
cellular M2M connections, and high demand for on-demand video services
would drive the growth of the radio access network market in the region.
The companies profiled in this report are Huawei
(China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China),
Samsung (South Korea), NEC (Japan), Cisco (US), Qualcomm (US), Intel
(US), Fujitsu (Japan), Juniper Network (US), Hewlett Packard Enterprise
(HPE) (US), Corning (US), AT&T (US), Verizon Communications (US),
HUBER+SUHNER (Switzerland), CommScope (US), Airspan Networks (US), Qorvo
(US), and LG Electronics (South Korea).
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