RAN Analytics and Monitoring Market (Component - Solution, and Service; Application - 5G, 4G, and 3G and 2G): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on RAN analytics and monitoring market provides in-depth analysis of segments and sub-segments in the global as well as regional RAN analytics and monitoring market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional RAN analytics and monitoring market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global RAN analytics and monitoring market.

Market Insight:

The global RAN analytics and monitoring market was valued at USD 857.1 million in 2022 and is expected to reach USD 1985.03 million in 2030, with a CAGR of 11.1% during the forecast period 2023-2030.

A Radio Access Network (RAN) is a software solution consisting of cutting-edge technology that provides real-time visibility to network operators. A Radio Access Network (RAN) involves the use of data analytics and machine learning to resolve various issues related to the network and quickly optimize the performance of the network. The Radio Access Network (RAN) combines various advanced network operation processes to deliver real-time performance indications. The telecommunications industry has become more complex owing to the continuous expansion of technologies such as the Internet of Things (IoT), cloud computing, and 5G. Thus, telecom operators depend on RAN analytics. This RNA guides telecom operators or companies to peak performance by providing high-quality services. Additionally, optimization, advanced network troubleshooting, and subscriber experience analytics are provided by RAN analytics and monitoring solutions across networks.

The growing adoption of 5G network services across the globe is driving the growth of the market. As 5G network services are adopted widely, a significant amount of data traffic is being generated. Due to this, many network providers install RAN analytics and monitoring solutions to enhance the user experience. Along with this RAN integration with 5G services provides two more benefits such as reduced hardware and software costs. As a result of these benefits, the RAN analytics and monitoring sector is projected to grow significantly during the projected period. Additionally, emerging technologies are providing growth to the market. Artificial Intelligence (AI) and Machine Learning (ML) are two significant emerging technologies that are primarily used to produce new and unique RAN Analytics and monitoring solutions. The continuous development in technology ultimately propels the growth of the market over the forecasted period. However, the security risks related to RAN analytics and monitoring solutions limit the market growth. Moreover, the increasing adoption of cloud-based RAN analytics and monitoring solutions that offer bout cloud-based and on-premises solutions creates lucrative opportunities for the market.

North America is projected to hold a significant market share during the projected forecast period. Various factors are contributing to the growth of the market North American region such as the rising adoption of 5G networks, increasing demand for seamless connection, and a growing number of connected devices. The technology advanced in the region in the telecommunications sector as well as the need to enhance network performance to fulfill user expectations, ample the growth of effective RAN analytics and monitoring solutions. In addition, the presence of several major independent software vendors, network equipment providers, and data analytics firms provider is responsible for the growth of the market in the North America region. Moreover, the fastest emerging Asia Pacific region holds a significant market share in RAN analytics and monitoring. Furthermore, developing countries such as China, Japan, and India have built extensive infrastructure, allowing the providers to expand in the Asia Pacific region.

Report Scope of the RAN Analytics and Monitoring Market:

Segment Covered

The report on global RAN analytics and monitoring market covers segments such as component, and application. On the basis of component, the sub-markets include solution, and service. On the basis of application, the sub-markets include 5G, 4G, and 3G and 2G.

Companies Profiled:

The report provides profiles of the companies in the market such as NETSCOUT, Anodot Ltd., RADCOM LTD., Telefonaktiebolaget LM Ericsson, NetQPro, EXFO Inc., VIAVI Solutions Inc., Parallel Wireless, Infovista, and Opanga Networks, Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the RAN analytics and monitoring market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.