MARKET OVERVIEW
RAN (Radio Access Network) is part of a telecommunication system that attaches devices to supplementary parts of a network over radio connections. The RAN is a crucial element of wireless telecommunications and has gained importance through the generations of mobile networking leading up to 5G. Radio Access Network elements include an antenna and a base station that encompasses a specific region depending on core network and capacity including a RAN controller. The 5G RAN market is anticipated to grow significantly over the coming years. The growth of the market can be attributed to several factors such as rising demand for 5G network technologies and implementing 5G services to enhance service capabilities that is expected to deliver high bandwidth with less latency.
MARKET SCOPE
The "Global 5G RAN market Analysis to 2028" is a specialized and in-depth study of the 5G RAN market with a special focus on the global market trend analysis. The report aims to provide an overview of the 5G RAN market with detailed market segmentation by deployment, component, end-user, and geography. The global 5G RAN market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 5G RAN market players and offers key trends and opportunities in the 5G RAN market.
MARKET SEGMENTATION
-The global 5G RAN market is segmented on the basis of component, deployment, and end-user.
-On the basis of deployment, the market is segmented as cloud-based, on-premise.
-On the basis of component, the market is segmented as solution, and services.Â
-On the basis of end-users, the market is segmented as telecom operators, and enterprises.
MARKET DYNAMICS
Drivers:
-The increasing demand for superior bandwidth connectivity with minimum latency for many crucial and critical applications including vehicle-to-everything (V2X) and drone connectivity is anticipated to propel the market over the coming years.
Restraints:
-Large capital expenditure (CAPEX) and need for high capacity fronthaul.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 5G RAN market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 5G RAN market in these regions.
IMPACT OF COVID-19 ON 5G RAN MARKET
The rapid spread of the Covid-19 pandemic has triggered a massive financial crisis and created a health crisis across the globe. The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the 5G RAN market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.
MARKET PLAYERS
The report covers key developments in the 5G RAN market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 5G RANmarket are anticipated to lucrative growth opportunities in the future with the rising demand for the 5G RAN market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 5G RAN market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Cisco Systems
-Nokia Corporation
-Huawei
-NEC Corporation
-Samsung
-Telefonaktiebolaget LM Ericsson
-Altiostar
-ZTE Corporation
-Fujitsu Limited
-Intel Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.