Radio Access Network (RAN) Analytics & Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Albany, NY -- (SBWIRE) -- 05/17/2019 -- Radio access network (RAN) is a technology that helps connect individual smart devices to other networks through a radio connection. Radio access network systems are primarily used for monitoring and optimizing of network services. RAN combines different intelligent workflows in network operations with in-depth analysis in order to provide real-time key performance indicators having alarms to allow the network operator to optimize the network.
Mobile service providers are looking for cost reduction with the help of radio access network planning, profitability, and performance for the next-generation video, voice, and data services such as streaming video, VoLTE, and new 5G services. Mobile network providers are expected to adopt the RAN system for increasing the efficiency and streamline the process of optimization of the radio network communication. A radio access network provides high bandwidth, due to which its adoption among mobile operators is expected increase in the near future.
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Increasing demand for solutions to manage mobile data traffic and technological advancements in communication systems are expected to drive the radio access network (RAN) analytics & monitoring market for radio access network analytics & monitoring from 2019 to 2027. Additionally, reduction in charges related to operational expenditure (OPEX) and capital expenditure (CAPEX) and convenient 4G and 5G accessibility are expected to propel the radio access network (RAN) analytics & monitoring market during the forecast period. Extensive analytics abilities offered by RAN analytics and monitoring solutions help to analyze subscribers, devices, and locations by using a geo-location engine.
Moreover RAN analytics and monitoring provides market accuracy by providing the innovative positioning techniques such as building data map layers and topographic. Analytic capabilities of software are expected to enhance the performance of radio access networks, thereby generating high demand for RAN during the forecast period. Radio interface is a revenue-generating means for mobile operators. It allows mobile operators to make and receive voice and video calls on a single phone number using RAN solutions.
On the other hand, subscribers are facing more issues in mobile networks, due to issues with radio interface. Issues with radio interface is a restraint of the radio access network analytics & monitoring market. Major players are planning to provide technologically advanced solutions to maintain their dominance in the radio access network (RAN) analytics & monitoring market.
The radio access network (RAN) analytics & monitoring market can be segmented based on type, component, application, and geography. Based on type, the radio access network (RAN) analytics & monitoring market can be segmented into centralized network access and distributed network access.
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In terms of component, the radio access network (RAN) analytics & monitoring market can be segmented into software, hardware, and services. The services segment can be sub-categorized into design & deployment, maintenance, consulting services, and support. Based on application, the radio access network (RAN) analytics & monitoring market can be segmented into large public venues, outdoor urban areas, high-density urban areas, and rural & suburban areas.