DUBLIN--(BUSINESS WIRE)--The "Radio Access Network Market by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, DAS), Connectivity Technology (2G, 3G, 4G/LTE, 5G), Deployment Location, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The radio access network market is estimated to be valued USD 9.88 Billion in 2018 and is projected to reach USD 14.99 Billion by 2023, at a CAGR of 8.7% between 2018 and 2023.
The major factors driving the growth of this market are increasing mobile traffic, growing demand for improved network coverage, and technological advancements in the telecommunication industry.
The radio access network market has been segmented on the basis of communication infrastructure, connectivity technology, and deployment location. In terms of communication infrastructure, small cell is expected to hold the largest share of the market by 2023. The growing demand for mobile data services driven by video streaming, photo sharing, and increasing use of online mobile applications as well as the increasing need of network densification are the major factors contributing to the high growth of the radio access network market for small cell.
Of all the major deployment locations, urban areas held the largest share of the radio access network market in 2017. The need for enhanced data capacity and coverage in dense environments, such as city center zones, subways, and stadiums are the major drivers for the growth of radio access network market in urban areas.
The radio access network market for the retail store deployment is expected to grow at the highest CAGR between 2018 and 2023. The requirement for higher automation, faster processing, and improved customer experience would propel the adoption of radio access network infrastructure in the future too, leading to the growth of the market for retail stores.
- Increasing Mobile Data Traffic
- Growing Demand for Improved Network Coverage
- Increased Adoption of Smartphones and Technological Advancements in the Telecommunications Industry
- Spectrum Crunch and Delay in the Standardization of Spectrum Allocation
- Development of 5G Network
- Increase in Demand for Network Infrastructure Due to Internet of Things (IoT)
- Interference in Cell Sites
- Compatibility Issues Between Traditional Network Infrastructure and Next-Generation Network Infrastructure
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Radio Access Network Market, by Communication Infrastructure
7 Radio Access Network Market, by Connectivity Technology
8 Radio Access Network Market, by Deployment Location
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Nokia Networks
- Juniper Network
- Hewlett Packard Enterprise
- Verizon Communications
- Airspan Networks
- LG Electronics
For more information about this report visit https://www.researchandmarkets.com/research/8h8r2n/global_radio?w=4