5G RAN Market 2021 Development Status, Competition Analysis, Type and Application 2031

Evolution of 5G RAN is estimated to have a great impact on the growth of wireless networking technologies, and is projected to accommodate network slicing and Mobile Edge Computing (MEC). 5G RAN technology is also likely to contribute to lowering latency which will make 5G technology even more powerful.

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5G RAN: Market Dynamics

Infrastructure has always been the top priority of countries with regards to strategic investments. The telecom sector is a rapidly growing with governments making huge investments in IT infrastructure. National governments and public organizations are making huge investments in the betterment of national telecom infrastructures. This trend is estimated to propel the adoption of 5G RAN across every regional market.

Strategic investments in telecom sector help governments harness the potential to create employment and drive economic growth of countries. Ongoing advancements in 5G technology have great potential to transform telecommunication industry vertical and enhance usage experience for end-users.

Many enterprises operating in the telecommunication industry across the globe are focusing on upgrading their existing networking infrastructure to 5G networking infrastructure. This will help such telecom service providers offer services with high performance and high speed connectivity.

Impact of COVID-19 Pandemic Outbreak on 5G RAN Market

Rising infections across the globe are forcing national governments to declare nationwide lockdowns. These lockdowns are restricting the large scale deployment of 5G technology on global level. Deployment of 5G technology in key industry verticals, like Automotive, Transportation and Logistics, was estimated to boost the adoption of 5G RAN solutions and services.

Lockdowns legislated by national governments to combat the spread of infections has restricted 5G deployment. Government and public sector and healthcare industry verticals are estimated to record a spike in adoption rates. However, the overall growth rate is estimated to carry on undeterred with consistent adoption of 4G LTE.

5G RAN Market: Regional overview

5G RAN markets in North America and Europe are leading all other regional markets on a global level. The strong market share may be attributed to high presence of 5G technology solutions and service providers in the region.

Initiatives and investments deployed by government organizations are also propelling the adoption of 5G technology, thus driving the 5G RAN market. Advancements in 5G technology for automotive and smart transportation are playing a key role in propelling 5G RAN market growth in European economies like Germany and the U.K.

5G RAN market in Southeast Asia Pacific region is projected to register a strong growth rate over the forecast period. 5G RAN markets in Latin America and Middle East and Africa region will be slower to gain traction during the forecast period, as LTE Advanced technology is still gaining diffusion in those regional markets.

5G RAN Market: Competition Landscape

Some of the key vendors in the global 5G RAN market are Nokia; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Verizon; ZTE Corporation; NEC Corporation; Cisco; Qualcomm Technologies, Inc.; SAMSUNG; Intel; and FUJITSU, among others.

The 5G RAN market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report covers exhaustive analysis on:                                     

• 5G RAN Market Segments
• 5G RAN Market Dynamics
• 5G RAN Market Size
• Supply and Demand
• Current Trends/Issues/Challenges
• Competition and Companies Involved in the Market
• Technology Landscape
• Value Chain of the Market
• Market Drivers and Restraints

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Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
• East Asia (China, South Korea, Japan)
• South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Res of MEA)

Report Highlights:

• Detailed overview of parent 5G RAN market
• Changing 5G RAN market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape of 5G RANMarket
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

The 5G RAN market can been segmented on the basis of infrastructure.