RAN Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, DNA), Technology (2G, 3G, 4G, 5G), End User (Residential, Enterprise, Public Venue Environments, Others), and Region    

RAN Market size was valued at US$ 6,189.1 million in 2023 and is growing at a CAGR of 8.4% from 2024 to 2030. Radio Access Network (RAN) is a chief component of a mobile telecommunications system that connects individual mobile devices to the core network infrastructure. It aids wireless communication between mobile devices, such as smartphones, tablets, and IoT devices, and the network operator's infrastructure. The RAN includes various elements, such as base stations, antennas, and associated equipment, that transmit and receive radio signals to create and retain communication links with mobile devices. The Radio Access Network (RAN) market has observed solid growth which is driven by increasing consumer demand and technological advancements. Over the few years, the market is experiencing outstanding expansion owing to a growing awareness of Radio Access Network (RAN) advantages among consumers. In addition, the emergence of new applications and innovations has propelled market growth further. Important factors contributing to this trend include rising disposable incomes, changing lifestyles, and evolving consumer preferences.

Moreover, favourable government protocols and initiatives have also played a significant role in nurturing market development. Furthermore, the Radio Access Network (RAN) market is poised for continued expansion, fuelled by ongoing research and development efforts intended to enhance product quality and efficacy. The Radio Access Network (RAN) market is likely to sustain its upward trajectory, Providing beneficial opportunities for industry players in the forecasting period. However, installing fiber backhaul networks for small cells, generally to support low latency and high data rates, is the major challenge operators face owing to the poor availability of fiber networks in many countries.

RAN Market Key Developments:

• In October 2021, VMWare Inc., launched VMWare RIC (RAN Intelligent Controller). This VMWare RIC will work along with the VMWare Telco Cloud plateform RAN and likely to assist the service providers smoothly transition to open RAN.
• In November 2020, Altiostar collaborated with IBM Corporation to deliver open RAN software for 4G and 5G networks. This software is expected to support open interfaces and virtualize the radio access baseband function to advance a disaggregate web scale, multi vendor, and cloud based mobile network.