Mobile Data Traffic's Impact On Radio Access Network Market Growth: Strengthening the Growth Trajectory of the Radio Access Network Market

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What Is the Expected CAGR for the Radio Access Network Market Through 2025?
The expansion of the radio access network market has been swift in the past few years. It is expected to surge from a value of $21.33 billion in 2024 up to $24.38 billion by 2025, marking a 14.3% compound annual growth rate (CAGR). Factors that contributed to this upturn during the historic period include escalated investment in intelligent technologies, amplified demand for wireless connections, growth in demand for cloud radio access networks (C-RAN), enlarged use of mobile gadgets, and an uptick in the utilization of distributed antenna systems (DAS).

What's the Projected Size of the Global Radio Access Network Market by 2029?
The anticipated expansion of the radio access network market is significant, with projections indicating a swell to $41.77 billion by 2029, yielding a compound annual growth rate (CAGR) of 14.4%. This projected growth within the forecast timeframe is driven by rising mobile data traffic, escalating demand for high-speed internet and mobile broadband services, the emergence of IoT, automotive, and consumer electronics, coupled with an uptick in the adoption of cloud-based radio access networks. Additionally, key trends characterising this era include the adoption of cutting-edge technologies such as 5G, amplified security protocols in RAN, technological progression, improvements in radio resource management (RRM), and refined antenna technologies.

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Top Growth Drivers in the Radio Access Network Industry: What's Accelerating the Market?
The radio access network market is forecasted to grow owing to the escalating mobile data traffic. This essentially means the transfer of digital data over cellular networks, including internet browsing, application usage, and media streaming on mobile devices. The surge in mobile data traffic can be ascribed to the spread of smartphones, rising demand for data-heavy applications, and wider access to high-speed mobile networks. Radio access networks bolster the mobile data traffic growth by enhancing infrastructure, for example, innovative antennas and base stations, to provide improved data speeds and wider network coverage, thereby meeting the growing need for data-heavy applications and services. For instance, data from the Cellular Telecommunications Industry Association, a not-for-profit organization based in the U.S., shows that in 2022, U.S. cellular networks managed 73 trillion megabytes (MB) of data traffic, a rise of 38% compared to the previous year. Hence, the escalating mobile data traffic is catalyzing the growth of the radio access network market.

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What Trends Will Shape the Radio Access Network Market Through 2029 and Beyond?
Leading corporations in the radio access network market are concentrating on cutting-edge technologies like radio access network compute silicon to enhance network functionality and performance. This specific hardware component is created to handle computing operations within the radio access network structure. In November 2023, Telefonaktiebolaget LM Ericsson, a technology company from Sweden, launched RAN compute silicon that supports intensive 5G-advanced and advanced artificial intelligence (AI) algorithms. This collection includes high-capacity processors such as the RAN Processor 6672 and the Radio Processor 6372, along with high-capacity, energy-saving routers like the Router 6678 and Router 6671. These items are hardware-ready for Open RAN rollouts and include integrated intelligence for AI analytics and automation. The radio access network compute silicon boosts network performance, security, and efficiency by transferring compute-heavy tasks and facilitating accelerated processing within the Radio Access Network infrastructure.

What Are the Main Segments in the Radio Access Network Market?
The radio access network market covered in this report is segmented -

1) By Component: Infrastructure, Software
2) By Technology: 2G, 3G, 4G, 5G
3) By Architecture: Centralized Radio Access Network (C-RAN), Distributed Radio Access Network (D-RAN)
4) By End User: Residential, Enterprise

Subsegments:
1) By Infrastructure: Antennas, Base Stations, Small Cells, Distributed Antenna Systems (DAS), Radio Units (RU), Remote Radio Heads (RRH), Macro Cells, Fiber Optic Cables
2) By Software: RAN Virtualization Software, Network Management And Orchestration Software, RAN Automation Software, Cloud RAN (C-RAN) Software, 5G RAN Software Solutions, Radio Access Network Analytics Software, Security Software For RAN

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Which Top Companies are Driving Growth in the Radio Access Network Market?
Major companies operating in the radio access network market are Samsung Electronics Co. Ltd., Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Qualcomm Technologies Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Cap Gemini SA, ZTE Corporation, CommScope Holding Company Inc., Juniper Networks Inc., Ciena Corporation, Fujitsu Limited, Infinera Corporation, NEC Corporation, Huber+Suhner AG, Ceragon Networks Ltd., Aviat Networks Inc., Cambium Networks Corporation, Parallel Wireless Inc., Airspan Networks Inc., Askey Computer Corp., Alpha Wireless Ltd., Baicells Technologies Co. Ltd

Which Regions Will Dominate the Radio Access Network Market Through 2029?
North America was the largest region in the radio access network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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