
Report ID: SQMIG45A2596
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to ran intelligent controller market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global RAN Intelligent Controller Market size was valued at USD 218.5 million in 2023 and is poised to grow from USD 351.79 million in 2024 to USD 15,881.24 million by 2032, growing at a CAGR of 61.0% in the forecast period (2025-2032).
The global RAN intelligent controller industry is highly competitive, with key players implementing various strategies such as strategic partnerships, AI-driven innovations, Open RAN integrations, and product expansions to strengthen their market position. Companies are increasingly focusing on cloud-native and AI-powered solutions to enhance network automation and efficiency. For example, In February 2024, NEC Corporation and Radisys partnered to integrate AI-powered RIC solutions into Open RAN ecosystems, aiming to improve network automation and interoperability in 5G deployments. 'Ericsson', 'Nokia', 'Huawei Technologies Co., Ltd.', 'ZTE Corporation', 'Mavenir', 'NEC Corporation', 'Samsung Electronics', 'Parallel Wireless', 'Radisys Corporation', 'Fujitsu', 'Altiostar (a Rakuten Symphony company)', 'Juniper Networks'
The increasing shift toward Open RAN (O-RAN) architecture is a key driver of the RAN Intelligent Controller (RIC) market. Traditional RAN infrastructure relies on proprietary hardware and software, limiting flexibility and vendor interoperability. However, Open RAN disaggregates the network, enabling the integration of multi-vendor solutions. The RIC plays a crucial role in this ecosystem by optimizing network functions through AI-powered xApps and rApps. Leading telecom operators, such as Vodafone, AT&T, and Rakuten, are actively investing in Open RAN deployments, further accelerating demand for RIC solutions.
Expansion of AI-Powered xApps and rApps for 5G and Beyond: The market is witnessing a surge in AI-driven xApps and rApps designed to optimize network operations. Telecom operators are leveraging these applications to enhance energy efficiency, automate network slicing, and improve Quality of Service (QoS). Companies like AirHop Communications and Parallel Wireless are leading this trend by developing AI-based solutions that enable predictive analytics and self-healing network capabilities.
How Is North America Shaping the RAN Intelligent Controller Market?
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Report ID: SQMIG45A2596
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