Global Radio Access Network Market to Reach $15 Billion by 2023: Growing Demand for Improved Network Coverage is a Major Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 14, 2018--The “Radio Access Network Market by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, DAS), Connectivity Technology (2G, 3G, 4G/LTE, 5G), Deployment Location, and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The radio access network market is expected to be worth USD 9.88 billion in 2018 and is likely to reach USD 14.99 billion by 2023, at a CAGR of 8.7% between 2018 and 2023.
The growth of the radio access network market is attributed to the increasing mobile traffic, growing demand for improved network coverage, and increased adoption of smartphones and technological advancements in the telecommunication industry. However, the compatibility issues between traditional network infrastructure and next-generation network infrastructure, and interference in cell sites are hindering the growth of the radio access network market.
Small cell is expected to hold the largest size of the radio access network market by 2023. The 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.
The radio access network market for the 5G connectivity technology is expected to grow at the highest CAGR during the forecast period. The market for 5G is driven by the proliferating demand for wireless broadband services, which require fast and high capacity networks. The volume of the data being carried by cellular networks is driven by the increasing preference for video streaming among consumers.
The urban area deployment held the largest size of the radio access network market in 2017. The need for enhanced capacity and coverage in the locations such as city center zones, subways, and stadiums, which are always populated with a large number of occupants, are the major drivers for the growth of the radio access network markets for urban areas.
DriversIncreasing Mobile Data Traffic Growing Demand for Improved Network Coverage Increased Adoption of Smartphones and Technological Advancements in the Telecommunications Industry
RestraintsSpectrum Crunch and Delay in the Standardization of Spectrum Allocation
OpportunitiesDevelopment of 5G Network Increase in Demand for Network Infrastructure Due to Internet of Things (IoT)
ChallengesInterference in Cell Sites Compatibility Issues Between Traditional Network Infrastructure and Next-Generation Network Infrastructure
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Radio Access Network Market, By Communication Infrastructure
7 Radio Access Network Market, By Connectivity Technology
8 Radio Access Network Market, By Deployment Location
9 Geographic Analysis
10 Competitive Landscape
11 Company ProfilesAT&T Airspan Networks Cisco Commscope Corning Ericsson Fujitsu Hewlett Packard Enterprise (HPE) Huawei Huber+Suhner Intel Juniper Networks NEC Nokia Networks Qorvo Qualcomm Samsung Verizon Communications ZTE
For more information about this report visit https://www.researchandmarkets.com/research/vbrwkz/global_radio?w=4
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SOURCE: Research and Markets
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PUB: 06/14/2018 12:33 PM/DISC: 06/14/2018 12:33 PM