The Business Research Company’s report on the Fifth Generation (5G) Radio Access Network Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the fifth generation (5g) radio access network market’s growth in recent years?
The growing need for high-speed internet is expected to propel the growth of the fifth-generation (5G) radio access networks market going forward. High-speed internet refers to an internet connection that provides fast data transfer rates, allowing for quick downloads, smooth streaming, and efficient browsing with minimal lag or buffering. The need for high-speed internet is rising due to the increasing reliance on seamless digital connectivity for efficient communication, access to information, and the smooth functioning of various online services in daily life. High-speed internet enhances the 5G radio access network by improving data transmission speeds, reducing latency, increasing network capacity, ensuring reliable connectivity, and supporting advanced applications such as IoT, autonomous systems, and high-definition streaming. For instance, in January 2023, according to Ookla, a US-based web service that provides free analysis of Internet access performance metrics, fixed broadband speeds became at least 28% faster, and mobile speeds became nearly 17% faster from November 2021 to November 2022. Therefore, the growing need for high-speed internet is driving the fifth-generation (5G) radio access networks market.
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How does the future projection of the fifth generation (5g) radio access network market size compare to its historical growth?
The fifth-generation (5G) radio access networks market size has grown exponentially in recent years. It will grow from $19.33 billion in 2024 to $23.58 billion in 2025 at a compound annual growth rate (CAGR) of 22.0%. The growth in the historic period can be attributed to rising demand for higher data speeds, increasing global connectivity expansion, growing virtualization and cloudification of networks, rising competitive pressure among telecom operators, and increasing use of MIMO (Massive MIMO) technology.
The fifth-generation (5G) radio access networks market size is expected to see exponential growth in the next few years. It will grow to $51.58 billion in 2029 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to rising demand for enhanced mobile broadband (eMBB), increasing adoption of 5G for enterprise and industrial use cases, increasing demand for network slicing and customization, increasing focus on sustainability and green networks, and increasing integration of non-terrestrial networks (NTN). Major trends in the forecast period include the development of cloud-native RAN (Cloud RAN), the development of non-terrestrial networks (NTN) integration, the adoption of 5G technology, the development of open RAN (Open Radio Access Network), and the development of small cells and dense networks.
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Which key players are shaping the future of the fifth generation (5g) radio access network market?
Major companies operating in the fifth generation (5G) radio access network market are Samsung Electronics Co. Ltd., Verizon Communications Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, TE Connectivity, Corning Inc., Juniper Networks Inc., Arm Limited, Mavenir, Comba Telecom Systems Holdings Limited, Comarch SA, Parallel Wireless, Rakuten Symphony Singapore Pte. Ltd.
What trends will propel the growth and evolution of the fifth generation (5g) radio access network market?
Major companies operating in the fifth-generation (5G) radio access networks market are focusing on developing advanced commercial 5G radio access network (RAN) platforms to enhance network performance. Commercial 5G RAN platforms are comprehensive hardware and software solutions that help mobile operators deploy, control, and enhance 5G networks, ensuring high-speed performance, low latency, and large-scale device connectivity. For instance, in November 2024, Viettel, a Vietnam-based telecom company, launched the Open Radio Access Network (O-RAN) 5G Network. It’s the first Open RAN (O-RAN) 5G network utilizing Qualcomm Technologies’ 5G RAN platforms. This milestone marks Viettel as a leading advocate in the O-RAN community and one of the largest carriers to launch a commercial O-RAN network. The network features key equipment developed in-house by Viettel and will deploy over 300 sites across Vietnamese provinces by early 2025, with plans for further expansion. This collaboration with Qualcomm aims to deliver cost-effective, high-quality 5G solutions while fostering a sustainable vendor ecosystem.
Which regions are expected to become dominant players in the fifth generation (5g) radio access network market?
Asia-Pacific was the largest region in the fifth-generation (5G) radio access networks market in 2024. The regions covered in the fifth generation (5G) radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the fifth generation (5g) radio access network market, and how are they evolving?
The fifth generation (5G) radio access network market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Architecture Type: Centralized Radio Access Network (CRAN), Open Radio Access Network (ORAN), Virtualized Radio Access Network (VRAN)
3) By Deployment: Indoor, Outdoor
4) By End-User: Telecom Operators, Enterprises
Subsegments:
1) By Hardware: Radio Units (RU), Distributed Antenna Systems (DAS), Small Cells (Femtocells, Picocells, Microcells), Massive MIMO Antennas, Baseband Units (BBU)
2) By Software: Network Virtualization Software, Cloud RAN (C-RAN) Software, AI-Based Network Optimization Software, Network Slicing Software, SDN (Software-Defined Networking) Solutions
3) By Services: Deployment and Integration Services, Network Optimization and Maintenance Services, Managed Services, Consulting and Advisory Services, Training and Support Services
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How is the fifth generation (5g) radio access network market defined, and what are its core characteristics?
Fifth-generation (5G) radio access networks is the part of a mobile network responsible for connecting user devices to the core network. 5G RAN supports high-speed data transmission, ultra-low latency, and enhanced connectivity for a wide range of devices. It is key to delivering the improved bandwidth and reliability promised by 5G networks.
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