RAN automation takes over the role of carrying out daily repetitive tasks and processes by using a machine-learning functionality that is focused on the radio network.
A RAN Intelligent Controller is a software-defined component of the Open Radio Access Network (Open RAN) architecture that’s responsible for controlling and optimizing RAN functions. The RIC is a critical piece of the Open RAN disaggregation strategy, bringing multivendor interoperability, intelligence, agility, and programmability to radio access networks. The RIC enables the onboarding of third-party applications that automate and optimize RAN operations at scale.
The RAN Automation and RIC product in the early stage (before 2020) of development is mainly a test version. Therefore, the test version of the product is also included in this report.
The RAN Automation and RIC market covers Not Real Time, Near Real Time, etc. The typical players include AirHop Communications, Altiostar, ASOCS, Atrinet, Ericsson, Vmware and Mavenir, etc.
According to the new market research report “RAN Automation and RIC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global RAN Automation and RIC market size is projected to reach USD 17.25 billion by 2029, at a CAGR of 53.6% during the forecast period.
- Global RAN Automation and RIC MarketSize(US$ Million), 2018-2029
Source: QYResearch, "RAN Automation and RIC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global RAN Automation and RIC Top11Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "RAN Automation and RIC - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of RAN Automation and RIC include Nokia, Parallel Wireless, Ericsson, Juniper Networks, Vmware, Mavenir, Altiostar, ASOCS, AirHop Communications, Atrinet, etc.
In 2022, the global top five players had a share approximately 76.0% in terms of revenue.
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