According to the research report titled ‘Radio Access Network Market Size, By Component (Communication Infrastructure [Cell Site (Small Cell (Microcell, Picocell, Femtocell), Macro Cell), RAN Equipment)], Service [Training and Consulting, Planning and Implementation, Maintenance and Support]), By Connectivity Technology (2G, 3G, 4G/LTE, 5G), By Deployment Region (High-Density Urban Area, Suburban and Rural Area), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, the global radio access network market (RAN) is expected to cross USD 15 billion by the year 2025.
 

Surging smartphone penetration is leading to rising adoption of radio access solutions which in turn is driving the radio access network market growth. Increasing number of cellular subscribers has paved the way for rising data traffic over conventional cellular networks.
 

The traditional telecommunications infrastructure faces challenges in handling enormous data traffic, allowing telecom operators to move to advanced RAN solutions. Moreover, rising adoption of BYOD (Bring Your Own Device) and IoT trends is leading to surging need for RAN solutions in order to provide improved network coverage, thereby aiding the market expansion.
 

Growing need for next-gen 5G network solutions among consumers is augmenting the demand for RAN solutions across the globe. However, network solution providers require to build their respective solutions in accordance with spectrum allocation for a specific country.
 

Specific allocation of spectrum bands for companies operating in various countries require substantial investments during spectrum auctions. Thus, lack of standardization in spectrum allocation may hinder the growth of the RAN market.
 

In terms of component type, macro cell sites segment is expected to register substantial growth during the estimated timeframe. Microcells are used in order to provide cellular coverage for distant rural regions where infrastructure development of telecom systems are scarce.
 

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Considering geographical landscape, Middle East & Africa and Asia-Pacific markets are projected to hold the largest share in RAN industry due rising smart city development in the two regions. Escalating investments in telecom industries especially in South Korea and China are contributing to the popularity of RAN solution across Asia-Pacific. Meanwhile, mounting investments in telecom sector in Europe are leading to development of advanced RAN solutions in order to meet the changing network demands. 
 

NEC Corp., Samsung Electronics Co. Ltd., Nokia Networks, ZTE Corp. and Huawei Technologies are some of the prominent companies operating in the global radio access network industry.