Global Radio Access Network Market

   2019-02-12       108        Business
Rating :
Global Radio Access Network Market – Industry Analysis & Forecast (2017 – 2024) By Communication Infrastructure , Deployment Location,End-Users, And Geography.
Global Radio Access Network Market is expected to reach USD 15.33 billion in 2024 from USD 7.88 billion in 2016 at a CAGR 8.68%. Global Radio Access Network Market The radio access network is a part of telecommunication system. It implements a radio access technology. 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. Global Radio Access Network Market for small cell will grow at the highest CAGR and will hold the largest market share in the forecast period. Large-scale adoption of the small cells by network operators to address the need for high-speed data transfer and improve the quality of services is the driving the growth of Global Radio Access Network Market for small cell. Small cells will help increase the network capacity and therefore aid in network densification. The largest market share will be held by 5G with highest CAGR in the forecast period. The market for 5G is flooded with demand for wireless broadband services, which require fast and high capacity networks. The volume of the data being carried by cellular networks is driven by the increasing liking for video streaming among consumers. Global Radio Access Network Market for retail stores to grow at highest CAGR during forecast period. The need for higher automation, faster processing, and improved customer experience would drive the adoption of radio access network infrastructure in the future too, leading to the growth of the market for retail stores. Urban areas held the largest size of Global Radio Access Network Market based on deployment location in 2017. The need for amplified capacity and coverage in the locations such as city centre zones, subways, and stadiums, which are always populated with a large number of occupants, are the major drivers for the growth of Global Radio Access Network Markets for urban areas. Global Radio Access Network Market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. North America has the largest share of Global Radio Access Network Market in 2017. The factors such as increasing automation in various sectors, adoption of Internet of Things (IoT), increasing cellular M2M connections, and high demand for on-demand video services would drive the growth of Global Radio Access Network Market in the region. The key players of this market are Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung (South Korea), NEC (Japan), Cisco (US), Qualcomm (US), Intel (US), Fujitsu (Japan), Juniper Network (US), Hewlett Packard Enterprise (HPE) (US), Corning (US), AT&T (US), Verizon Communications (US), HUBER+SUHNER (Switzerland), CommScope (US), Airspan Networks (US), Qorvo (US), and LG Electronics (South Korea).

For more information visit : <a href="https://www.maximizemarketresearch.com/market-report/global-radio-access-network-market/7274/">https://www.maximizemarketresearch.com/market-report/global-radio-access-network-market/7274/</a>
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