Analysis on New Product Launches in Covid-19 Related Markets-Global Radio Access Network Market 2020-2024 | Growing Adoption of IoT Devices to Boost Market Growth | Technavio
There has been a rise in the adoption of low-power IoT device connectivity solutions such as low-power WAN (LPWAN), which includes the Narrowband IoT (NB-IoT).
- There has been a rise in the adoption of low-power IoT device connectivity solutions such as low-power WAN (LPWAN), which includes the Narrowband IoT (NB-IoT).
- RAN facilitates wireless communication between IoT devices, such as smartphones and tablets, and the core network through radio signals.
- Thus, the growing adoption of IoT devices is expected to propel the growth of the global RAN market during the forecast period.
- The increasing use of VoLTE services is expected to be one of the key radio access network market trends that will drive the growth of the market.