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market share in 2018 and is probable to grow at a commendable pace over the<br />

forecast period.<br />

The lack of proper connectivity and network across the suburban and rural areas has<br />

led to an urgent need for the deployment of small cell connectivity systems. Evidently,<br />

the traditional LTE systems have been proven to be highly expensive and are complex<br />

due to unending requirements by the mobile operators. On account of the requirement<br />

for efficient communication, the demand for RAN solutions is exponentially mounting<br />

in these regions. The reason for considering small cells over macrocells as base<br />

stations for cellular network is the potential of innumerable small cells to be positioned<br />

rapidly over a large area as compared to other base stations. The placement of large<br />

volumes of small cells in the suburban and rural regions would allow the segment to<br />

depict a CAGR of 6 per cent through the projected timeframe.<br />

Notably, Asia-Pacific would be one of the rapidly evolving regions in the radio access<br />

network market with an anticipated growth rate of approximately 8 per cent through<br />

2025. The emergence and high penetration of 5G cellular networks across the region,<br />

chiefly led by India and China, will act as a primary driver for the regional RAN industry<br />

growth. According to credible sources, India has securely held a prominent position in<br />

the global market on the grounds of sales of more than 40 million smartphones during<br />

the third quarter of 2017. Evidently, several industry majors are building up alliance<br />

with other technology companies to advance the innovative radio access solutions. A<br />

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