As cited by 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, global radio access network (RAN) market is projected to accumulate USD 15 billion over 2019-2025.
 

Increasing penetration of smartphones across the world is leading to widespread adoption of radio access solutions to enhance network coverage, primarily driving the global radio access network (RAN) market growth. Additionally, demand for commercialization of next generation 5G network is likely to augment the demand for advanced RAN solutions.
 

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With rising number of cellular subscribers, data traffic over traditional cellular networks is also surging, leading to challenges to handle huge data traffic, encouraging telecom operators to shift to advanced RAN solutions. Moreover, growing adoption of IoT and Bring Your Own Device (BYOD) trends is propelling the demand for RAN solutions for offering better network coverage.
 

As cited in the report, lack of standardization in spectrum allocation is likely to hinder market growth as network solution providers need to develop their solutions in compliance with spectrum allocation of a specific country. In addition, large investments involved in spectrum auctions is further impeding the worldwide radio access network market progression.
 

Based on component, the communication infrastructure is divided into cell site (small cell, macro cell), and RAN equipment. As cited in the report, macro cell segment is slated to witness modest growth over the analysis period, as these are preferred by enterprises to provide cellular coverage over wider areas & for distant rural places where the development of telecom infrastructure is complex and requires huge investments.
 

Considering the regional framework, Asia Pacific market is poised to showcase lucrative growth over the forecast duration, owing to increasing investments in telecom sector in developing countries like China and South Korea. Additionally, government authorities are emphasizing on development of IT infrastructure to accelerate digitalization, which will sway the business dynamics forward.
 

Meanwhile, proliferation in smart city development projects in Asia Pacific and the Middle East & Africa is likely to propel the market growth. Moreover, Europe industry is anticipated to showcase significant growth over the forecast timeline, owing to inflowing funding in telecom sector, enabling companies to develop advanced radio access solutions to support the evolving network demands.
 

Prominent players influencing the worldwide radio access network (RAN) industry trends are Nokia Networks, NETSCOUT Systems Inc., NEC Corporation, Juniper Networks Inc., Intel Corporation, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Company, Fujitsu Ltd., CommScope Holding Company Inc., Cisco Systems Inc., AT&T Inc., Altran Technologies, Altiostar Networks Inc., ZTE Corporation, Wipro Limited, Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Samsung Electronics Co. Ltd., Radisys Corporation, and Qualcomm Technologies Inc.