Research Nester has released a report titled “O-RAN Near-Real-Time RAN Intelligent Controller Market – Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global O-RAN Near-Real-Time RAN Intelligent Controller market in terms of market segmentation by components, deployment and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The GSM Association (GSMA), in one of its statistics, stated that a total of 106 commercial 5G launches and a 7% population penetration rate to the 5G network has been observed until September 2020. Moreover, by the end of 2025, 1.2 billion connections are anticipated to account to 5G network.
The statistics portray the increasing commercial expansion of 5G networks and therefore, the increasing need for advanced intelligent controller systems for the 5G network architecture, which are also some of the factors anticipated to promote towards the growth of the global O-RAN Near-Real-Time RAN Intelligent Controller (Near-RT-RIC) market.
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The global O-RAN Near-Real-Time RAN Intelligent Controller (Near-RT-RIC) market is anticipated to record CAGR of 49% throughout the forecast period, i.e. 2023-2035. Based on components, the market is segmented into A1 Mediator, Demo1, E2 Manager (E2M), E2 Terminator (E2T), Logging, RIC Alarm System, RIC Message Router (RMR), RNIB, Routing Manager, xApp Framework for CXX, xApp Framework for Go and xApp Framework for Python. Additionally, the market is also segmented based on deployment into centralized and distributed.
Regionally, the global O-RAN Near-Real-Time RAN Intelligent Controller (Near-RT-RIC) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America is anticipated to hold the largest market share, backed by the presence of several 5G offering telecom operators in the region, especially in nations, such as the U.S. and Canada. The GSM Association (GSMA), further stated that the U.S. has observed full launch of 5G operations, whereas in Canada, the nation has observed multiple launches of 5G network.
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