From GlobeNewswire: 2025-04-18 09:00:00

The RAN Intelligent Controller (RIC) market was valued at USD 222.4 million in 2023 and is projected to reach USD 15,124.9 million by 2032, with a CAGR of 59.83%. Major players include Nokia, Ericsson, Huawei, Samsung, and NEC Corporation. The market is driven by the rapid deployment of 5G networks and the shift towards Open RAN architecture.

In the U.S., the RAN Intelligent Controller (RIC) market was valued at USD 31.58 million in 2023 and is projected to reach USD 1061.77 million by 2032, with a CAGR of 47.78%. The market growth is fueled by the rapid deployment of 5G networks and the increasing demand for network optimization and efficiency.

The platform segment leads the RAN Intelligent Controller market, accounting for over 64% of revenue in 2023. Vendors like Ericsson and Mavenir offer scalable solutions for effective RAN management. The services segment is expected to grow rapidly, driven by the demand for integration and consulting services.

Non-RT RIC dominated the market in 2023, enhancing intelligent RAN operations through AI and data analytics. Near-RT RIC is set to grow the fastest, offering real-time network optimization. The 4G segment led the market in 2023, while the 5G segment is expected to witness the fastest growth due to global 5G rollouts.

In 2023, the rApps segment led the RAN Intelligent Controller market, operating on the Non-Real-Time RIC. The xApps segment is projected to register the fastest CAGR, catering to applications requiring immediate response times. The market is driven by the increasing demand for network automation and optimization across various industries. Apps are crucial for telecom operators to optimize tasks like policy management and predictive analytics, improving performance and stability. The xApps segment is growing rapidly, supporting near-real-time network control functions like handover optimization and QoS enforcement. In the RAN Intelligent Controller market, Asia-Pacific leads with a 40% revenue share, while North America is expected to have the fastest CAGR due to 5G and Open RAN deployments. SNS Insider offers market research and consulting services globally, providing clients with valuable insights to make informed decisions in a changing market landscape.



Read more at GlobeNewswire: RAN Intelligent Controller (RIC) Market to Reach USD 15.12