RAN Intelligent Controller Market Overview:
The RAN Intelligent Controller (RIC) market is growing rapidly as telecom operators adopt advanced solutions to optimize and automate radio access network operations. RICs enhance network performance and enable real-time decision-making through artificial intelligence (AI) and machine learning (ML).
Global RAN Intelligent Controller Market size and share is currently valued at USD 337.47 million in 2024 and is anticipated to generate an estimated revenue of USD 13,093.38 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 58.0% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Surge in 5G Deployment: The global rollout of 5G networks is driving the demand for RICs to manage the complexities of next-generation networks.
- Need for Network Optimization: RICs enable dynamic resource allocation, reducing latency and improving user experiences.
- Emergence of Open RAN Architectures: Open RAN adoption supports RIC integration, fostering interoperability and reducing vendor dependency.
RAN Intelligent Controller Market Future Outlook:
The RIC market is poised for significant growth, fueled by advancements in AI and ML, along with the global expansion of 5G networks. Increased investments in Open RAN by telecom operators and governments are expected to boost RIC adoption. The market will see innovative use cases emerge, including real-time network slicing and energy-efficient network operations.
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Key Companies in RAN Intelligent Controller Market:
- Cisco Systems, Inc.
- Ericsson
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Mavenir Systems, Inc.
- NEC Corporation
- Nokia Corporation
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Telefonaktiebolaget LM Ericsson
- VMware, Inc.
- ZTE Corporation
- Altiostar Networks, Inc.
- Parallel Wireless, Inc.
RAN Intelligent Controller Industry Developments:
Recent developments include partnerships between telecom operators and RIC vendors to deploy advanced solutions for network automation and orchestration. Vendors are integrating AI-driven analytics to enable predictive maintenance and enhanced user experiences. Open RAN trials and deployments worldwide are also catalyzing the RIC market.
RAN Intelligent Controller Market Segmentation:
Polaris Market Research has segmented the RAN Intelligent Controller market based on component (hardware, software), function (near-real-time and non-real-time RIC), technology (4G, 5G), and application (network optimization, predictive analytics). This segmentation highlights diverse growth opportunities and tailored solutions for different use cases.
RAN Intelligent Controller, Component Outlook (Revenue – USD Million, 2019 – 2032)
- Platform
- Services
RAN Intelligent Controller, Function Outlook (Revenue – USD Million, 2019 – 2032)
- Non-Real-Time-RAN Intelligent Controller (Non-RT RIC)
- Near-Real-Time-RAN Intelligent Controller (Near-RT RIC)
RAN Intelligent Controller, Technology Outlook (Revenue – USD Million, 2019 – 2032)
- 4G
- 5G
RAN Intelligent Controller, Application Outlook (Revenue – USD Million, 2019 – 2032)
- rApps
- xApps
The RIC market is revolutionizing radio network management, offering advanced solutions for the dynamic needs of modern telecom networks. With the expansion of 5G and Open RAN, the market is set for sustained growth and innovation.