Global Virtual RAN Market to Witness Significant Growth with 5G Expansion

The global Virtual RAN market is experiencing strong growth as telecom operators transition toward more flexible, software-driven network architectures. Valued at USD 2.3 billion in 2022, the market is projected to reach USD 9.1 billion by 2030, expanding at a CAGR of 18.5% during the forecast period from 2023 to 2030.

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Virtual RAN Market Research Report 2033

As per our latest market intelligence, the Global Virtual RAN (vRAN) market size was valued at $3.5 billion in 2024, and is forecasted to hit $24.8 billion by 2033, growing at a robust CAGR of 24.1%.