Global RAN intelligent controller market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). The market growth is attributed to the growing demand for network management tasks including configuration, optimization, and troubleshooting drive the growth of the market. Resulting in reduced operation costs, improved efficiency, and increased network reliability. RAN intelligent controller (RIC) optimizes software and algorithms to govern network performance. It permits interoperability between hardware and software components and is a component of the open radio access network (Open RAN). For instance, in October 2023, Mavenir introduced Open RAN intelligent controller (O-RIC) offering enabling service differentiation and network resource optimization. Mavenir O-RIC enables the creation of differentiated services through open APIs, which enable intelligent closed-loop end-to-end network tuning to optimize network performance, increase cost efficiency, and maximize the user experience.
Browse the full report description of “RAN Intelligent Controller Market Size, Share & Trends Analysis Report by Component (Platforms and Services), by Function (Non-Real-Time-RAN Intelligent Controller and Near-Real-Time-RAN Intelligent Controller) by Technology (4G and 5G) and by End-User (rApps and xApps) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ran-intelligent-controller-market
To integrate multi-access edge computing (MEC) with the near-real-time RAN Intelligent Controller (RIC) on a single platform, offering distinct benefits and new, innovative use cases. It makes use of low-latency data to accelerate optimization by enabling faster, more adaptable service deployments and closed-loop automation. For instance, in March 2021, Nokia introduced a commercial service enablement platform to drive open RAN innovation. Cloud-native, fully containerized commercial solution offers O-RAN-compliant RAN programmability and AI/ML-based RAN optimization and automation capabilities. Nokia’s RIC xApps, including advanced traffic steering and anomaly detection, are currently in proofs-of-concept and trials with major communication service providers (CSP).
To optimize the use of available spectrum and support their goal of providing support for Open RAN architectures to future-proof their networks. The emphasis on energy efficiency and innovation combined with a decrease in total cost of ownership and footprint. For instance, in November 2023, Ericsson introduced the latest generation of processors in the Ericsson RAN compute portfolio to help communications service providers (CSPs) get the most out of current and future radio access technology evolutions. Ericsson’s next-generation RAN Compute portfolio includes four products with high and standard capacity variants, and with both enclosure and outdoor formats, to cater to varying site needs.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Function
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Cisco Systems, Inc., NEC Corp., Samsung Electronics Co., Ltd., Telefonaktiebolaget LM Ericsso, ZTE Corp., among others.
Key questions addressed by the report.
Global RAN Intelligent Controller Market Report Segment
By Component
By Function
By Technology
By Application
Global RAN Intelligent Controller Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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