October 2024 | Report Format: Electronic (PDF)
U.S. 5G Radio Access Network Professional Services Market Growth & Trends
The U.S. 5G radio access network professional services market size is expected to reach USD 3,897.6 million by 2030, registering a CAGR of 51.4% from 2023 to 2030, according to a new report by Grand View Research, Inc.The 5G RAN professional services refer to specialized services offered to telecommunication companies, enterprises, and organizations involved in the planning, implementation, deployment, and maintenance of 5G RAN infrastructure within the U.S. Professionals provide expert guidance, strategic planning, and advisory services to assist in 5G radio access network (RAN) strategy development, network architecture design, and technology selection based on specific business needs.
These professional services aim to facilitate the smooth transition to 5G technology, enabling businesses and telecommunication providers to harness the benefits of enhanced connectivity, ultra-low latency, and accelerated digital transformation within the U.S. On the basis of service type, the market is divided into consulting services, planning & design services, integration & validation services, deployment services, and optimization & performance improvement services. The adoption of deployment services within the market has been robust and pivotal. Deployment services are a critical component of the 5G RAN ecosystem, involving the actual implementation, integration, and rollout of 5G infrastructure.
Deployment services focus on optimizing the network for efficiency, ensuring that the 5G RAN operates at its maximum potential. This includes network planning, spectrum optimization, and efficient resource allocation. The market players are adopting strategies, such as acquisition, to gain a competitive edge. In August 2023, Samsung Electronics Co., Ltd. announced the extension of its collaboration with Intel Corporation. This extension marks a significant stride in advancing virtualized Radio Access Network (vRAN) solutions, delivering heightened performance and capacity to meet the evolving needs of the telecommunications industry.
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U.S. 5G Radio Access Network Professional Services Market Report
U.S. 5G Radio Access Network Professional Services Market Report Highlights
- The market is expected to see significant growth owing to accelerated rollout of 5G networks across the U.S. that necessitates the professional services for the swift and efficient deployment of 5G RAN infrastructure
- Service providers require assistance in implementing and integrating 5G technologies seamlessly
- The deployment services segment is projected to grow at the fastest CAGR over the forecast period
- The on-premises deployment segment is expected to dominate the market in 2022 with a share of more than 52.0% and is expanding at a CAGR of 46.9% from 2023 to 2030
- The enterprise segment is projected to grow at the fastest CAGR of 61.8% over the forecast period
U.S. 5G Radio Access Network Professional Services Market Segmentation
Grand View Research has segmented the U.S. 5G radio access network professional services market on the basis of service type, deployment mode, and end-user:
U.S. 5G RAN Professional Service Type Outlook (Revenue, USD Million, 2017–2030)
- Consulting Services
- Planning & Design Services
- Integration & Validation Services
- Deployment Services
- Optimization & Performance Improvement Services
U.S. 5G RAN Professional Services Deployment Mode Outlook (Revenue, USD Million, 2017–2030)
- On-premises
- Cloud
U.S. 5G RAN Professional Services End-user Outlook (Revenue, USD Million, 2017–2030)
- Telecom Operators
- Enterprises
List of Key Players in the U.S. 5G Radio Access Network Professional Services Market
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
- Infovista
- Tech Mahindra USA
- Tata Consultancy Services
- Nominos USA Inc
- Link Consulting Services
- GRANDMETRIC
- Dell EMC
- Intel Corporation
