5G Radio Access Network Market Size

ID: MRFR/ICT/10037-HCR

128 Pages

Aarti Dhapte

October 2025

5G Radio Access Network Market Research Report Information By Component (Hardware, Software, And Services), By Architecture Type (CRAN, ORAN, and VRAN), By Deployment (Indoor And Outdoor), By End User (Telecom Operators And Enterprises), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

5G Radio Access Network Market Infographic

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5g Radio Access Network Size

5G Radio Access Network Market Growth Projections and Opportunities

The 5G Radio Access Network (RAN) market is seeing a powerful change driven by different market factors that are moulding its development and improvement. One key element adding to the extension of the 5G RAN market is the rising interest for higher information velocities and low-dormancy availability. As buyers and organizations keep on depending on information escalated applications, like expanded reality, computer generated reality, and the Web of Things (IoT), the requirement for a hearty and proficient RAN becomes principal. Another critical market factor is the continuous mechanical headways in the media communications industry. The development from 4G to 5G addresses a significant jump regarding network capacities.

With 5G, clients can encounter essentially quicker download and transfer speeds, diminished inertness, and expanded network limit. This innovative jump is driving the reception of 5G RAN foundation as telecom administrators endeavour to remain cutthroat by offering predominant network administrations. The worldwide push for computerized change is likewise assuming an essential part in the development of the 5G RAN market. The transformative potential of 5G technology in enhancing operational efficiency and enabling innovative applications is being recognized by all industries. From savvy urban areas and independent vehicles to modern computerization and far off medical services, the adaptability of 5G is extending the skylines of what is conceivable, subsequently moving the interest for cutting edge RAN arrangements. Market factors are additionally affected by administrative drives and government arrangements pointed toward cultivating 5G sending. Legislatures all over the planet are perceiving the essential significance of 5G innovation in driving financial development and advancement.

Accordingly, they are executing approaches to work with the sending of 5G foundation, including the important RAN parts. These drives are establishing a helpful climate for sellers in the 5G RAN market to flourish and extend their tasks. Also, the developing pattern of organization virtualization and programming characterized organizing is influencing the 5G RAN market. Virtualized RAN solutions are increasingly being used by network operators because they are more cost-effective, flexible, and scalable than traditional hardware-based methods. This shift towards virtualization lines up with the more extensive industry pattern towards programming driven networks, giving administrators the spryness to adjust to changing business sector requests. In any case, challenges additionally exist in the 5G RAN market, remembering the requirement for significant ventures for framework advancement. The organization of 5G organizations requires critical capital uses, and the profit from venture might take time. Besides, concerns connected with security and protection in the 5G environment are impacting dynamic cycles for both organization administrators and end-clients.

5G Radio Access Network Market Size Graph

Market Highlights

Author

Aarti Dhapte

Team Lead - Research

She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the projected market valuation of the 5G Radio Access Network Market by 2035?

The projected market valuation for the 5G Radio Access Network Market by 2035 is 134.02 USD Billion.

What was the market valuation of the 5G Radio Access Network Market in 2024?

The overall market valuation of the 5G Radio Access Network Market was 18.88 USD Billion in 2024.

What is the expected CAGR for the 5G Radio Access Network Market during the forecast period 2025 - 2035?

The expected CAGR for the 5G Radio Access Network Market during the forecast period 2025 - 2035 is 19.5%.

Which companies are considered key players in the 5G Radio Access Network Market?

Key players in the 5G Radio Access Network Market include Ericsson, Nokia, Huawei, Samsung, ZTE, Cisco, Qualcomm, Intel, and NEC.

What are the segment valuations for hardware in the 5G Radio Access Network Market?

The segment valuation for hardware in the 5G Radio Access Network Market ranges from 7.0 to 50.0 USD Billion.

How does the valuation of software compare to hardware in the 5G Radio Access Network Market?

The valuation of software in the 5G Radio Access Network Market ranges from 5.0 to 35.0 USD Billion, indicating a lower range compared to hardware.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the 5G Radio Access Network Market Size was estimated at 18.88 USD Billion in 2024. The 5G Radio Access Network industry is projected to grow from 22.56 USD Billion in 2025 to 134.02 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 19.5 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The 5G Radio Access Network Market is poised for substantial growth driven by technological advancements and increasing demand for connectivity.

North America remains the largest market for 5G Radio Access Networks, reflecting robust infrastructure investments.
Asia-Pacific is emerging as the fastest-growing region, propelled by rapid urbanization and digital transformation initiatives.
The hardware segment continues to dominate the market, while services are experiencing the fastest growth due to evolving customer needs.
Rising demand for high-speed connectivity and government initiatives are key drivers fueling the expansion of the 5G Radio Access Network Market.

5G Radio Access Network Market

CAGR

19.5%

Market Size & Forecast

2024 Market Size	18.88 (USD Billion)
2035 Market Size	134.02 (USD Billion)
CAGR (2025 - 2035)	19.5%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

Ericsson (SE), Nokia (FI), Huawei (CN), Samsung (KR), ZTE (CN), Cisco (US), Qualcomm (US), Intel (US), NEC (JP)

Market Trends

The 5G Radio Access Network Market is currently experiencing a transformative phase, characterized by rapid advancements in technology and increasing demand for high-speed connectivity. As industries and consumers alike seek enhanced mobile broadband experiences, the deployment of 5G networks is becoming more prevalent. This shift is driven by the need for improved data transmission rates, reduced latency, and the ability to support a growing number of connected devices. Consequently, telecommunications companies are investing heavily in infrastructure upgrades and innovative solutions to meet these evolving requirements. Moreover, the competitive landscape of the 5G Radio Access Network Market is intensifying, with various players striving to establish their presence. Partnerships and collaborations among technology providers, network operators, and equipment manufacturers are emerging as a strategic approach to accelerate deployment and enhance service offerings. The focus on developing robust and scalable network architectures is paramount, as it enables operators to efficiently manage resources and deliver superior user experiences. As the market continues to evolve, it appears poised for substantial growth, driven by ongoing technological advancements and the increasing reliance on mobile connectivity across diverse sectors.

Increased Investment in Infrastructure

Telecommunications companies are channeling resources into upgrading existing networks and building new infrastructure to support 5G capabilities. This trend reflects a commitment to enhancing service quality and expanding coverage.

Emergence of Private Networks

Organizations are increasingly exploring private 5G networks to meet specific operational needs. This trend indicates a shift towards tailored solutions that provide enhanced security and control over network resources.

Integration of IoT with 5G

The convergence of Internet of Things (IoT) technologies with 5G networks is gaining traction. This integration is expected to facilitate smarter applications and services, driving innovation across various industries.

5G Radio Access Network Market Market Drivers

Emergence of New Business Models

The emergence of new business models is reshaping the landscape of the 5G Radio Access Network Market. Companies are exploring innovative approaches to leverage 5G technology, such as offering subscription-based services or creating partnerships with content providers. These models enable businesses to capitalize on the enhanced capabilities of 5G, such as ultra-reliable low-latency communication and massive connectivity. As organizations seek to differentiate themselves in a competitive market, the adoption of these new business models is likely to drive further investment in 5G infrastructure, thereby contributing to the growth of the 5G Radio Access Network Market.

Advancements in Network Technology

Technological advancements play a crucial role in shaping the 5G Radio Access Network Market. Innovations such as Massive MIMO, beamforming, and network slicing are enhancing the efficiency and capacity of 5G networks. These technologies enable operators to optimize their resources and provide tailored services to different user segments. For instance, network slicing allows for the creation of virtual networks that can cater to specific applications, such as autonomous vehicles or smart cities. As these technologies continue to evolve, they are expected to drive further investments in 5G infrastructure, thereby fostering growth in the 5G Radio Access Network Market.

Government Initiatives and Support

Government initiatives and support are pivotal in accelerating the growth of the 5G Radio Access Network Market. Many governments are implementing policies to promote the deployment of 5G networks, recognizing their potential to drive economic growth and innovation. For example, funding programs and regulatory frameworks are being established to facilitate the rollout of 5G infrastructure. In some regions, governments are collaborating with private sector players to create testbeds for 5G applications, which can lead to faster adoption. This supportive environment is likely to enhance the investment landscape for the 5G Radio Access Network Market.

Increased Adoption of Smart Devices

The proliferation of smart devices is significantly influencing the 5G Radio Access Network Market. As more consumers adopt smartphones, wearables, and IoT devices, the demand for high-speed, low-latency connectivity is intensifying. It is estimated that by 2025, there will be over 75 billion connected devices worldwide, creating a substantial need for robust 5G networks. This trend is prompting telecommunications companies to expand their 5G offerings and enhance their network capabilities. The increased adoption of smart devices is thus a critical driver for the growth of the 5G Radio Access Network Market.

Rising Demand for High-Speed Connectivity

The demand for high-speed connectivity is a primary driver of the 5G Radio Access Network Market. As consumers and businesses increasingly rely on data-intensive applications, the need for faster and more reliable internet connections has surged. According to recent estimates, the number of 5G subscriptions is projected to reach over 1.5 billion by 2025, indicating a robust growth trajectory. This demand is not limited to urban areas; rural regions are also seeking enhanced connectivity to support remote work and digital services. Consequently, telecommunications companies are investing heavily in 5G infrastructure to meet this demand, thereby propelling the growth of the 5G Radio Access Network Market.

Market Segment Insights

By Component: Hardware (Largest) vs. Services (Fastest-Growing)

In the 5G Radio Access Network Market, the 'Component' segment is primarily divided into Hardware, Software, and Services. Among these, Hardware holds the largest market share due to the essential infrastructure it provides for enabling 5G networks. The landscape is rapidly evolving, with Software also contributing significantly, particularly in terms of network management and optimization. However, Services are emerging as a key player, emphasizing the growing importance of customer support, deployment, and maintenance in ensuring the successful rollout of 5G technology.

Services: Deployment (Dominant) vs. Support (Emerging)

Within the Services segment of the 5G Radio Access Network Market, Deployment Services are currently dominant due to their critical role in facilitating the installation of advanced 5G infrastructure. These services encompass site acquisition, equipment installation, and network optimization, ensuring that telecommunications companies can efficiently roll out 5G networks. On the other hand, Support Services are an emerging focus, gaining traction as operators seek long-term partnerships for maintenance and troubleshooting. This shift underscores the increasing complexity of 5G networks and the necessity for continuous operational efficiency and customer satisfaction.

By Architecture Type: CRAN (Largest) vs. ORAN (Fastest-Growing)

The 5G Radio Access Network Market is primarily segmented into Centralized Radio Access Networks (CRAN), Open Radio Access Networks (ORAN), and Virtualized Radio Access Networks (VRAN). Among these, CRAN holds the largest market share, attributed to its established infrastructure and widespread acceptance among carriers. ORAN, on the other hand, is rapidly gaining traction as an emerging player due to its innovative, open-source approach, which allows for greater interoperability and flexibility for network operators.

Architecture: CRAN (Dominant) vs. ORAN (Emerging)

CRAN is characterized by its centralized processing, where network functions are consolidated to improve efficiency and reduce operational costs. It is solidly positioned as the dominant architecture within the 5G landscape due to its robustness and reliance on existing technologies. Conversely, ORAN is perceived as an emerging architecture, revolutionizing the market by promoting open interfaces and vendor diversity, which help operators to customize their networks. This shift also enhances the competitive landscape, fostering innovation and driving down costs, making it particularly appealing to new entrants and existing operators looking for future-proof solutions.

By Deployment: Indoor (Largest) vs. Outdoor (Fastest-Growing)

In the 5G Radio Access Network Market, the deployment segment is significantly characterized by indoor and outdoor solutions. Indoor deployments capture the largest share, driven by the increasing demand for enhanced connectivity in commercial buildings, urban areas, and residential complexes. As organizations prioritize seamless user experiences, the emphasis on robust indoor connectivity continues to grow. In contrast, outdoor deployments are rapidly gaining traction, fueled by the need to provide extensive coverage across city landscapes and rural areas alike, ensuring that 5G connectivity reaches as many users as possible.

Deployment: Indoor (Dominant) vs. Outdoor (Emerging)

Indoor deployments have established themselves as the dominant segment in the 5G Radio Access Network Market, characterized by a need for reliable and high-speed connectivity within buildings. These deployments utilize a mix of small cells and distributed antenna systems to enhance coverage and capacity indoors, addressing the challenges posed by physical barriers. On the other hand, outdoor deployments are emerging strongly, characterized by their ability to extend 5G coverage beyond traditional networks, utilizing advanced technologies such as beamforming and massive MIMO. These outdoor solutions are essential as urbanization increases and demand for outdoor connectivity grows, reinforcing their importance in the overall market landscape.

By End User: Telecom Operators (Largest) vs. Enterprises (Fastest-Growing)

In the 5G Radio Access Network Market, telecom operators currently hold the largest share among end users. This predominance is attributed to their significant investment in infrastructure and a robust customer base. As the backbone of telecommunication services, these operators are enhancing their service offerings, thus solidifying their market position. Conversely, enterprises are emerging as a rapidly growing segment, seeking 5G solutions to boost operational efficiency and enable digital transformation, driven by increasing demand for high-speed connectivity and business innovation.

End User: Telecom Operators (Dominant) vs. Enterprises (Emerging)

Telecom operators dominate the 5G Radio Access Network Market, leveraging extensive investments and established networks to deliver enhanced connectivity and services. Their ability to provide widespread coverage and handle vast amounts of data makes them indispensable in this evolving landscape. On the other hand, enterprises are viewed as an emerging force within the market. They are becoming increasingly aware of the benefits of 5G technology, particularly in sectors such as manufacturing, healthcare, and logistics, where low latency and high reliability are crucial. Enterprises are keen to adopt these advanced networks to innovate their processes and improve customer experiences.

Get more detailed insights about 5G Radio Access Network Market Research Report - Global Forecast till 2035

Regional Insights

North America : Leading Innovation Hub

North America is poised to lead the 5G Radio Access Network Market, driven by robust investments in infrastructure and technology. The U.S. holds approximately 60% of the market share, with Canada following at around 15%. Regulatory support from the Federal Communications Commission (FCC) has accelerated deployment, fostering a competitive environment. Demand for high-speed connectivity in urban areas is a significant growth driver, alongside the push for smart city initiatives. The competitive landscape is dominated by key players such as Ericsson, Cisco, and Qualcomm, who are actively collaborating with telecom operators to enhance network capabilities. The U.S. is home to major telecom providers like Verizon and AT&T, which are rapidly expanding their 5G networks. This region's focus on innovation and technology adoption positions it as a global leader in the 5G market.

Europe : Emerging 5G Powerhouse

Europe is emerging as a significant player in the 5G Radio Access Network Market, with a market share of approximately 25%. The European Union's regulatory framework encourages investment in 5G infrastructure, aiming for widespread coverage by 2025. Countries like Germany and the UK are leading the charge, driven by government initiatives and public-private partnerships that enhance network deployment and innovation. The competitive landscape features major players such as Nokia and Ericsson, who are collaborating with local telecom operators to expand their 5G offerings. Germany's Deutsche Telekom and the UK's BT Group are at the forefront, investing heavily in 5G technology. The region's commitment to digital transformation and sustainability is further propelling the growth of the 5G market.

Asia-Pacific : Rapidly Growing Market

Asia-Pacific is witnessing rapid growth in the 5G Radio Access Network Market, holding a market share of around 15%. Countries like China and South Korea are leading the way, driven by government initiatives and significant investments in telecommunications infrastructure. The demand for high-speed internet and the proliferation of IoT devices are key factors fueling this growth, with regulatory support enhancing deployment timelines. China's Huawei and ZTE are major players in this region, partnering with local telecom operators to expand 5G networks. South Korea's SK Telecom and KT Corporation are also at the forefront, pushing for innovative applications of 5G technology. The competitive landscape is characterized by intense rivalry among key players, driving advancements in network capabilities and service offerings.

Middle East and Africa : Emerging Frontier for 5G

The Middle East and Africa region is an emerging frontier for the 5G Radio Access Network Market, with a market share of approximately 5%. Countries like the UAE and South Africa are leading the charge, driven by government initiatives aimed at enhancing digital infrastructure. The region's young population and increasing smartphone penetration are significant demand drivers, alongside investments in smart city projects. Key players such as Ericsson and Huawei are actively involved in deploying 5G networks in this region. The competitive landscape is evolving, with local telecom operators partnering with global firms to enhance their service offerings. The potential for growth in this region is substantial, as governments prioritize digital transformation and connectivity initiatives.

Key Players and Competitive Insights

Leading market players are investing heavily in research and development in order to expand their Product lines, which will help the 5G Radio Access Network Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 5G Radio Access Network industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global 5G Radio Access Network industry to benefit clients and increase the market sector. In recent years, the 5G Radio Access Network industry has offered some of the most significant advantages to medicine. Major players in the 5G Radio Access Network Market, including Telefonaktiebolaget LM Ericsson, Qualcomm Technologies, Inc., Nokia, Intel Corporation, Samsung, Verizon, Cisco Systems, Inc., Huawei Technologies Co., Ltd., VMware, Inc., and Rakuten Symphony Singapore Pte. Ltd, are attempting to increase market demand by investing in research and development operations.

Elenion Technologies is a vertically integrated semiconductor business that promotes innovation in the design and development of silicon photonics-based chips. Elenion's System-on-Chip solutions are suited for a wide range of telecom, hyperscale communication, and networking applications thanks to their SiPh technology platform and design for services pedigree. Elenion Technologies was purchased by Nokia Corporation in March 2020. With this acquisition, Elenion Technologies hopes to increase its knowledge and create a platform that will improve the optical connection of cloud, 5G, and enterprise networking.

A provider of software and IT infrastructure services is HCL Technologies Ltd (HCL). The business provides a variety of services in the areas of IT infrastructure management, digital process operations, cloud native services, cybersecurity, digital and analytics services, DRYiCE, IoT works, HCL software services, SIAM/XaaS products & advanced services, industry software services, and engineering and R&D services.

HCL provides its services to the following industries: banking, finance, manufacturing, telecommunications, retail and consumer packaged goods, media and entertainment, life sciences, insurance, capital markets, oil and gas, mining and natural resources, automotive, chemical and process industries, high-tech, industrial manufacturing, energy and utility, healthcare, travel, transportation, hospitality, and logistics. HCL Technologies (HCL) announced the 5G Open Radio Access Network (O-RAN) lab in India in September 2021. This launch aims to enable stakeholders in the global telecom industry to transition to a 5G network.

Key Companies in the 5G Radio Access Network Market market include

Industry Developments

In October 2021 A partnership to develop Symware has been announced by Intel Corporation, Juniper Networks, and Rakuten Symphony. It is a carrier-grade Open RAN (Radio Access Network) solution created especially for mobile network operators to update radio cell sites by utilizing the most recent cloud-native architecture.

In August 2020 A partnership between Intel Corporation and VMware Inc. has been announced. In order to accelerate the rollout of both 5G and LTE networks, this cooperation aims to integrate a software platform designed for virtualized Radio Access Networks (RAN).

Future Outlook

5G Radio Access Network Market Future Outlook

The 5G Radio Access Network Market is poised for growth at 19.5% CAGR from 2024 to 2035, driven by increased demand for high-speed connectivity and IoT applications.

New opportunities lie in:

Development of private 5G networks for enterprises
Integration of AI-driven network management solutions
Expansion of edge computing capabilities in RAN architecture

By 2035, the market is expected to achieve substantial growth, solidifying its role in global telecommunications.

Market Segmentation

5G Radio Access Network Market End User Outlook

Telecom Operators
Enterprises

5G Radio Access Network Market Component Outlook

Hardware
Software
Services

5G Radio Access Network Market Deployment Outlook

Indoor
Outdoor

5G Radio Access Network Market Architecture Type Outlook

CRAN
ORAN
VRAN

Report Scope

MARKET SIZE 2024	18.88(USD Billion)
MARKET SIZE 2025	22.56(USD Billion)
MARKET SIZE 2035	134.02(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	19.5% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Expansion of edge computing capabilities enhances the 5G Radio Access Network Market potential.
Key Market Dynamics	Intensifying competition among telecom providers drives innovation and investment in 5G Radio Access Network infrastructure and services.
Countries Covered	North America, Europe, APAC, South America, MEA