The global 5G RAN market size accounted for USD 4,810 million in 2024 and is expected to exceed around USD 60,450 million by 2034, growing at a CAGR of 28.8% from 2024 to 2034.
Demand for high-speed internet has increased rapidly in the last few years, many people access the internet and use mobile devices for various purposes such as browsing, streaming, social media, gaming and online shopping. Streaming services such as Netflix, YouTube and Spotify are gaining traction. These services require high speed internet to function properly. IoT, VR and other bandwidth intensive applications are gaining traction among people. This is boosting the need for faster and more reliable mobile networks. The amount of data being transmitted and received over mobile networks has grown exponentially as many devices and applications have gone online.
However, traditional mobile networks are struggling to keep up with such high accumulation of data and growth in demand for bandwidth, speed and reliability. Although, 5G enables users to download large files, stream high-definition videos and play games without any buffering or lag. Also, 65G facilitates the smooth functioning of new appliances and technologies like AR, VR and autonomous vehicles. Also, rise in investments by governments and network operators in 5G technology propelling the markets growth by creating lucrative opportunities.
Published by Yogesh Kulkarni
