5G Radio Access Network Market Projected to Hit USD 65.6 Billion at a 19.50% CAGR by 2030 – Report by Market Research Future (MRFR)
5G Radio Access Network Market Projected to Hit USD 65.6 Billion ... GlobeNewswire
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New York, USA, July 12, 2023 (GLOBE NEWSWIRE) – 5G Radio Access Network Market Research Report
Market Forecast Till 2032
- Market Scope:
- Network providers are striving to expand their reach in order to meet the demands of emerging applications such as autonomous vehicles, augmented reality, and telemedicine.
- Applications like autonomous driving require reliable networks with low latency and high throughput.
- Heterogeneous networks are becoming mainstream as they optimize performance for the asymmetrical distribution of users or traffic.
- Competitive Dynamics:
- Key companies in the 5G Radio Access Network market include Telefonaktiebolaget LM Ericsson, Qualcomm Technologies, Inc., Nokia, Intel Corporation, Samsung, Verizon, Cisco Systems, Inc., Huawei Technologies Co., Ltd., VMware, Inc., and Rakuten Symphony Singapore Pte. Ltd.
- Scope of the Report – 5G Radio Access Network Market:
- Market Size by 2032: USD 65.6 Billion
- CAGR during 2023-2032: 19.50%
- Key Market Opportunities: Growth in network densification
- Key Market Dynamics: Growing demand for improved network coverage and increasing demand for mobile broadband services
- Market Drivers:
- Rising demand for low latency bandwidth connections and increased investment in R&D by major players are driving market expansion.
- Centralized RAN and virtual RAN (VRAN) deployments are being used by mobile network operators (MNOs) and network service providers to reduce infrastructure costs and simplify their networks.
- Technological advancements and consumer preference for 5G RAN solutions are fueling rapid industry expansion.
- Market Restraints:
- Concerns over fiber backhaul, privacy, and security may limit industry growth.
- COVID-19 Analysis:
- The COVID-19 pandemic has impacted the global economy and the rollout of 5G and RAN deployments.
- New use cases for 5G-enabled applications have emerged during the pandemic, increasing productivity in industries such as telemedicine, telecommuting, distance education, and e-commerce.
- Market Segmentation:
- By Component: Antennas, radios, baseband devices, and others
- By Architecture Type: Cloud radio access networks (CRAN)
- By Deployment: Outdoor 5G RAN deployment
- By End-User: Telecom operators and businesses
- Regional Analysis:
- Asia-Pacific is the largest market, driven by the presence of companies like Samsung and Huawei Technologies Co., Ltd., and investments in automated factories.
- Europe has the second-largest market share, with increasing investments and government efforts in cutting-edge technologies.
- North America has experienced substantial growth due to its advanced 5G networks and government investments in 5G rollouts.
About Market Research Future:
Market Research Future (MRFR) provides market research and intelligence services to help clients unravel the complexity of various industries. Their research reports enable clients to make informed decisions based on in-depth analysis of market segments.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
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Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
SDGs, Targets, and Indicators in the Article
1. SDGs Addressed or Connected to the Issues Highlighted in the Article:
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 17: Partnerships for the Goals
2. Specific Targets under those SDGs Based on the Article’s Content:
- SDG 9.1: Develop quality, reliable, sustainable, and resilient infrastructure
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- SDG 11.1: Ensure access for all to adequate, safe, and affordable housing and basic services
- SDG 17.17: Encourage and promote effective public, public-private, and civil society partnerships
3. Indicators Mentioned or Implied in the Article to Measure Progress towards the Identified Targets:
- Investment in research and development (R&D) by major players in the industry
- Deployment of a 5G Radio Access Network (RAN) with small cells and macrocell base stations
- Adoption of centralized RAN and virtual RAN (VRAN) deployments by mobile network operators (MNOs)
- Deployment of private 5G radio access networks and core infrastructure for various use cases
- Expansion of network coverage and increasing demand for mobile broadband services
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | 9.1 Develop quality, reliable, sustainable, and resilient infrastructure | – Investment in research and development (R&D) by major players in the industry |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4 Upgrade infrastructure and retrofit industries to make them sustainable | – Deployment of a 5G Radio Access Network (RAN) with small cells and macrocell base stations |
| SDG 11: Sustainable Cities and Communities | – Adoption of centralized RAN and virtual RAN (VRAN) deployments by mobile network operators (MNOs) | |
| SDG 11: Sustainable Cities and Communities | 11.1 Ensure access for all to adequate, safe, and affordable housing and basic services | – Deployment of private 5G radio access networks and core infrastructure for various use cases |
| SDG 17: Partnerships for the Goals | – Expansion of network coverage and increasing demand for mobile broadband services |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: globenewswire.com
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