Asia Pacific Virtualized Radio Access Network (vran) Market Size & Outlook

The virtualized radio access network (vran) market in Asia Pacific is expected to reach a projected revenue of US$ 30,129.6 million by 2033. A compound annual growth rate of 20.1% is expected of Asia Pacific virtualized radio access network (vran) market from 2025 to 2033.
Revenue, 2024 (US$M)
$5,977.4
Forecast, 2033 (US$M)
$30,129.6
CAGR, 2025 - 2033
20.1%
Report Coverage
Asia Pacific

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Asia Pacific virtualized radio access network (vran) market, 2021-2033 (US$M)

Asia Pacific virtualized radio access network (vran) market, 2021-2033 (US$M)

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Asia Pacific virtualized radio access network (vran) market highlights

  • The Asia Pacific virtualized radio access network (vran) market generated a revenue of USD 5,977.4 million in 2024.
  • The market is expected to grow at a CAGR of 20.1% from 2025 to 2033.
  • In terms of segment, hardware was the largest revenue generating component in 2024.
  • Hardware is the most lucrative component segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2024USD 5,977.4 million
Market revenue in 2033USD 30,129.6 million
Growth rate20.1% (CAGR from 2025 to 2033)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationHardware


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 36.0% of the global virtualized radio access network (vran) market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 30,129.6 million by 2033.

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Virtualized Radio Access Network (vRAN) Market Companies

Name Profile # Employees HQ Website
Parallel Wireless View profile 101-250 Nashua, New Hampshire, United States, North America http://parallelwireless.com/
Mavenir View profile 5001-10000 Richardson, Texas, United States, North America http://www.mavenir.com
Capgemini SE View profile 340400 11 rue de Tilsitt, Paris, France, 75017 https://www.capgemini.com
Nokia Oyj View profile 86700 Karakaari 7, Espoo, Finland, FI-02610 https://www.nokia.com
Telefonaktiebolaget L M Ericsson ADR View profile 99952 Torshamnsgatan 21, Kista, Stockholm, Sweden, SE-164 83 https://www.ericsson.com
VMware View profile 10001+ Palo Alto, California, United States, North America https://www.vmware.com
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
NEC Corp View profile 118527 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 https://www.nec.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com

Asia Pacific virtualized radio access network (vran) market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virtualized radio access network (vran) market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 116.26% in 2024. Horizon Databook has segmented the Asia Pacific virtualized radio access network (vran) market based on hardware covering the revenue growth of each sub-segment from 2021 to 2033.


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  • Our clientele includes a mix of virtualized radio access network (vran) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific virtualized radio access network (vran) market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific virtualized radio access network (vran) market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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