The global virtualized radio access network market size was USD 2.56 Billion in 2022 and is expected to reach USD 27.67 Billion in 2032, and register a revenue CAGR of 28% during the forecast period. The market revenue growth is a result of the rising need for solutions for efficient, adaptable, and economical mobile network infrastructure. The virtualization of mobile network infrastructure is made possible by the new technology known as virtualized Radio Access Network (vRAN), which separates the hardware and software layers. This enables Mobile Network Operators (MNOs) to quickly grow their network capacity to meet the rising demand for mobile data while also lowering the expenses related to setting up and maintaining traditional Radio Access Network (RAN) infrastructure.

The necessity for an effective and adaptable mobile network infrastructure in both urban and rural locations is raising the demand for vRAN solutions. Mobile data traffic has significantly increased as a result of the quick uptake of smartphones, tablets, and other mobile devices, which has put pressure on RAN infrastructure. Without needing to build extra hardware, vRAN solutions allow MNOs to swiftly and easily extend their network capacity to meet the rising demand for mobile data. Thus, vRAN solutions are a desirable choice for both big and small MNOs.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7465 

The need to lower the expenses of setting up and maintaining traditional RAN infrastructure is another factor driving the development of vRAN solutions. Traditional RAN infrastructure is frequently distributedly installed, with several base stations linked to a single controller. This necessitates a large expenditure on maintenance, software, and hardware. vRAN systems, in contrast, allow for the virtualization of RAN infrastructure, which minimizes the requirement for hardware and associated maintenance expenses. Thus, vRAN solutions are a desirable choice for MNOs trying to lower their capital and operating costs.

The rising need for 5G networks is also expected to drive revenue growth of the vRAN market. Traditional RAN infrastructure makes it challenging to deliver the considerable increases in network capacity and flexibility required for 5G networks. MNOs can quickly and effectively extend their network capacity to meet the needs of 5G networks thanks to vRAN technologies. Thus, vRAN solutions are a desirable choice for MNOs trying to develop 5G networks rapidly and effectively.

Top Companies Profiled in the Report:

• Huawei Technologies Co., Ltd.
• Nokia Corporation
• Samsung Electronics Co., Ltd.
• ZTE Corporation
• Ericsson AB
• Intel Corporation
• Mavenir Systems, Inc.
• NEC Corporation
• Altiostar Networks, Inc.
• ASOCS Ltd.

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To request customization of this report @ https://www.reportsanddata.com/request-customization-form/7465 

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Browse More Reports:

Nanochip Technology Market @ https://www.reportsanddata.com/report-detail/nanochip-technology-market

Throttle Cable Market @ https://www.reportsanddata.com/report-detail/throttle-cable-market

Radiation-Tolerant Microcontroller Market @ https://www.reportsanddata.com/report-detail/radiation-tolerant-microcontroller-market

3D Haptic Technology Market @ https://www.reportsanddata.com/report-detail/3d-haptic-technology-market

Vehicle Connectivity Market @ https://www.reportsanddata.com/report-detail/vehicle-connectivity-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web:www.reportsanddata.com

Direct Line:+1-212-710-1370

E-mail:sales@reportsanddata.com

Blogs|Press Release|Industry News|Our competencies

Browse MoreUpcoming Reports @https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @https://www.reportsanddata.com/report