TMCnet News
Radio Access Network Market to Garner $44.78 Billion, Globally, By 2026 at 11.3% CAGR, Says Allied Market ResearchSurge in demand for mobile broadband services, rise in network densification, and increase in mobile data traffic propel the growth of the global radio access network market PORTLAND, Oregon, Feb. 10, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Radio Access Network Market by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, and Distributed Antenna System), Technology (2G, 3G, 4G, and 5G), and End User (Residential and Enterprise): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global radio access network industry accounted for $17.80 billion in 2018, and is anticipated to reach $44.78 billion by 2026, registering a CAGR of 11.3% from 2019 to 2026.  Chief Reasons for Market Fluctuations Rise in demand for mobile broadband services, increase in network densification, and growing mobile data traffic drive the growth of the global radio access network market. However, concerns related to fiber backhaul, and privacy & security concerns hamper the market growth. On the contrary, increase in investments in smart cities is expected to create lucrative opportunities in the industry. Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/5802 The Small Cell Segment Dominated the Market Based on product, the small cell segment held the largest share in 2018, contributing to nearly two-thirds of the global radio access network market. In addition, the segment is expected to register the fastest CAGR of 13.4% during the forecast period. Deployment of small cells to increase the capacity of operator networks across an array of locations is anticipated to drive the growth of the segment. The Residential Segment to Portray Fastest Growth By 2025 Based on technology, the residential segment is expected to register the fastest CAGR of 12.9% during the forecast period. Smart homes are the key factors driving the adoption rate of radio access network and small cell across residential applications. The ability of small cells to cover smaller areas with higher bandwidth boosts the growth of radio access network market in residential application. However, the enterprise segment dominated the global radio access network market in 2018, accounting for nearly three-fifths of the market share. This is owing to rise in digitalization and supportive government initiatives toward digitalizing entire business processes. Asia-Pacific to Lead throughout the Forecast Period, The market across Asia-Pacific held the largest share in 2018, accounting for more than two-fifths of the market. The region is expected to maintain its dominance throughout the forecast period. Rise in government initiatives for building smart cities in Asia-Pacific and upcoming long-term investments in advance technologies drive the growth of the Asia-Pacific radio access network market. In addition, various technological advancements related to automotive, aerospace & defense, manufacturing due to government initiatives such as investment in R&D further propels the growth of the market. On the other hand, LAMEA is expected to manifest the fastest CAGR of 14.5% in between 2018 to 2025. Growth in IoT, rise in demand for advanced technologies in automotive and consumer electronics, and increase in adoption of 5G technologies drive the growth of the LAMEA radio access network market. To Explore More, Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/5802 Major Market Players
Access Avenue (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/Avenue-Membership-details Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Similar Reports: 5G Infrastructure Market Projected to Reach $58.17 Billion By 2025 Europe 5G Infrastructure Market Expected to Reach $27.74 Billion By 2026 Electronic Toll Collection Market Projected to Hit $15.64 Billion By 2025 Defense Tactical Radio Market Expected to Grow $17.87 Billion By 2023 Industrial Wireless Sensor Network Market to Reach $1,200 Million, Globally, by 2023 Pre-Book Now with 10% Discount: Network Switches Market: Global Opportunity Analysis and Industry Forecast by 2019 - 2026 Network Camera Market: Global Opportunity Analysis and Industry Forecast by 2019 - 2026 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
|