Strong Growth Ahead: Fifth Generation (5G) Radio Access Network Market Size To Grow At Arecord 9.3% Cagr By 2029

The Fifth Generation (5G) Radio Access Network Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Fifth Generation (5G) Radio Access Network Market Size Expected to Be by 2034?
The market size for fifth-generation (5G) radio access networks has seen exponential growth in recent times. It is forecasted to increase from its 2024 value of $19.33 billion to a staggering $23.58 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 22.0%. The historical growth is a result of several factors, including the escalating demand for higher data speeds, the expansion of global connectivity, a surge in the virtualization and cloudification of networks, intensifying competition among telecommunications providers, and the increased usage of MIMO (Massive MIMO) technology.

Anticipated to experience considerable expansion over the coming years, the market size for fifth-generation (5G) radio access networks is projected to scale up to $51.58 billion by 2029, boasting a compound annual growth rate (CAGR) of 21.6%. The predicted increase during the forecast period can be traced back to a number of significant factors; a surge in the need for enhanced mobile broadband (eMBB), greater adoption of 5G for industrial and enterprise applications, rising demand for network segmenting and customization, a heightened emphasis on green networks and sustainability, and a larger integration of non-terrestrial networks (NTN). Major trends to watch for the duration of this forecast period encompass the progression of cloud-native RAN (Cloud RAN), the expansion of non-terrestrial network (NTN) integration, uptake of 5G technology, the progression of open RAN (Open Radio Access Network), and the evolution of small cells and dense networks.

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What Are the Emerging Segments Within the Fifth Generation (5G) Radio Access Network Market?
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

Subsegmentss:

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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What Long-Term Drivers Are Shaping Fifth Generation (5G) Radio Access Network Market Trends?
The escalating demand for rapid internet speeds is predicted to fuel the expansion of the fifth-generation (5G) radio access networks market in the future. Fast internet is an internet connection that offers quick data transfer rates, permitting downloads, streaming, and browsing to be efficient with minimal lag or buffering. The requirement for rapid internet is on the rise due to the increasing dependency on uninterrupted digital connectivity for effective communication, information access, and everyday smooth operation of various online services. Fast internet improves the 5G radio access network by enhancing data transmission rates, decreasing latency, boosting network capacity, ensuring dependable connectivity, and backing advanced applications like IoT, self-governing systems, and high-resolution streaming. For example, as disclosed by Ookla, a US-based internet service that gives complimentary reviews on Internet access performance indices, in January 2023, broadband speeds increased by a minimum of 28%, while mobile speeds rose by around 17% between November 2021 and November 2022. Consequently, the escalating demand for rapid internet is propelling the fifth-generation (5G) radio access networks market.

Who Are the Top Competitors in Key Fifth Generation (5G) Radio Access Network Market Segments?
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 Fifth Generation (5G) Radio Access Network Market Trends Are Gaining Traction Across Different Segments?
Key players in the fifth-generation (5G) radio access networks industry are concentrating on the creation of advanced 5G radio access network (RAN) platforms to improve network functionality. 5G RAN platforms, which include both hardware and software solutions, aid mobile operators in implementing, handling, and improving 5G networks, assuring rapid speed, minimal latency, and extensive device connectivity. Vietnam's Viettel, for example, introduced the Open Radio Access Network (O-RAN) 5G Network in November 2024, making it the first O-RAN 5G network to use Qualcomm Technologies' 5G RAN platforms. Viettel's achievement positions it as a primary supporter in the O-RAN community and one of the most substantial carriers to begin a commercial O-RAN network. The network includes essential equipment developed by Viettel internally and aims to establish more than 300 sites across Vietnamese provinces by early 2025, accompanied by more growth plans. Viettel's partnership with Qualcomm is intended to offer cost-efficient, superior 5G solutions while cultivating a sustainable vendor infrastructure.

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Which Regions Are Becoming Hubs for Fifth Generation (5G) Radio Access Network Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fifth Generation (5G) Radio Access Network Market?
2. What is the CAGR expected in the Fifth Generation (5G) Radio Access Network Market?
3. What Are the Key Innovations Transforming the Fifth Generation (5G) Radio Access Network Industry?
4. Which Region Is Leading the Fifth Generation (5G) Radio Access Network Market?

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