According to the Market Statsville Group (MSG), the global virtualized radio access network (vRAN) market size is expected to grow at a CAGR of 20.5% from 2022 to 2030.
To perform baseband operations in software, operators can use a virtualized radio access network (vRAN). One of the key benefits of virtualizing the radio access network (RAN) is that RAN functions can now be run on regular servers rather than dedicated hardware. This is accomplished by applying virtualization concepts to RAN, which is typically a smaller component of a broader network function virtualization (NFV) effort. The growing demand for 5G technology in the telecommunication and IT sector has accelerated the virtualized radio access network market demand. Further, the demand for uninterrupted network supply and increasing internet users worldwide has increased the need for high-speed data networking, thereby augmenting the demand for the Vran market over the forecast period.
Furthermore, VRAN technology will pave the way for 5G technology as there is an increasing demand for multipurpose applications to be provided from a single source. Applications like Virtual Reality (VR), autonomous vehicles, smart stadiums, and cloud robots are expanding right now, increasing network demand because they need extremely low latency and specialized processing. Additionally, the mobile core network needs to be close to users for efficient operation. As a result, the demand for vRAN is increasing.
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Scope of the Global Virtualized Radio Access Network (vRAN) Market
The study categorizes the virtualized radio access network (vRAN) market based on type, connectivity, application, and end-users at the regional and global levels.
By Type Outlook (Sales, USD Billion, 2017-2030)
- Radio Units
- Virtualized Baseband Units (vBBUs)
By Connectivity Outlook (Sales, USD Billion, 2017-2030)
- 2G
- 3G
- 4G/LTE
- 5G
By Application Outlook (Sales, USD Billion, 2017-2030)
- Dense Area Urban
- Enterprise
- Public Venue Environments
- Others
By End-Users Outlook (Sales, USD Billion, 2017-2030)
- Telecommunication
- Government & Defense
- Commercial
- Others
By Region Outlook (Sales, USD Billion, 2017-2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
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5G segment accounts for the highest CAGR during the forecast period by technology
Based on the technology, the market is bifurcated into 2G, 3G, 4G, and 5G. The 5G segment accounts for the highest CAGR during the forecast period. The virtualized RAN (vRAN) market is seeing increased investment due to 5G networks. In order to design and implement plans that include massive volumes of data, edge computing is, therefore, a popular technical term among communication service providers (CSPs) and businesses. Further, to innovate in the virtualized RAN space, Intel, a U.S. multinational corporation and technology company, is stepping up its efforts to explore beyond the traditional open systems interconnection (OSI) architecture. Businesses are offering multi-vendor virtualization in the virtualized RAN (vRAN) market to achieve this goal and standardize protocols and software across the sector.
North America is projected to account for the highest market share by Region
Based on the regions, the global virtualized radio access network (vRAN) market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2022, North America was expected to witness the highest market share in the global virtualized radio access network (vRAN) market. Over the past few years, open vRAN has benefited from political support in the US, as it has in many other nations. Although the transition to open vRAN would have most likely taken place regardless, outside events often help to speed up adoption. Several market leaders and new entrants are actively promoting open vRAN, but RAN incumbents are now putting vRAN services in their portfolios and opening theirs. The economics of Open vRAN are unique and give service providers the chance to supply services using infrastructure that might result in a lower total cost of ownership (TCO).
Competitive Landscape - Global Virtualized Radio Access Network (vRAN) Market
The virtualized radio access network (vRAN) market is extremely cutthroat, and significant competitors in the sector are using tactics including product development, collaborations, acquisitions, agreements, and growth to bolster their market positions. Most sector businesses focus on growing their operations worldwide and cultivating long-lasting partnerships.
Major key players in the global virtualized radio access network (vRAN) market are:
- Cisco Systems, Inc.
- Fujitsu Limited
- Huawei Technologies co. Ltd
- NEC Corporation
- Samsung Electronics Co., Ltd.
- Verizon Communications
- Ericsson Inc.
- Nokia Corporation
- Red Hat, Inc
- Hewlett Packard Enterprise Development LP
- Intel Corporation
- Juniper Networks Inc.
- Microchip Technology Inc.
- MTI Mobile
- Qorvo, Inc.
- Mavenir Systems
- Qualcomm Technologies, Inc.
- Quortus Limited
- Radisys Corporation
- ZTE Corporation
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Recent Developments
- In April 2022, The PCIe-ACC100 was a 5G accelerator adaptor for forwarding error correction (FEC), according to ADLINK Technology Inc., a world authority on edge computing. The PCIe-ACC100 complies with NEBS (Network Equipment-Building System) regulations and offers -5°C to +55°C operating temperature while supporting both 4G Turbo encoding and 5G low-density parity-check (LDPC). It also does not require PCIe card auxiliary power.
- In February 2022, With support for 5G Standalone (SA), Fujitsu created new software-based virtualized radio access network (vRAN) technologies. As part of its global rollout of this vRAN technology, Fujitsu aims to assist telecommunications providers who want to lessen their carbon footprint.
- In August 2021, Altiostar Networks Inc., a US-based open virtual radio access network (open vRAN) provider, was purchased by Japan's Rakuten Group. This acquisition will hasten the global rollout of network infrastructure that is cloud-native, open, and interoperable.
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