Dell’Oro: RAN market stays flat through 2030, but the mix is shifting

Dell’Oro Group expects worldwide RAN revenue, a $30–40 billion annual market, to remain essentially flat through 2030. Growth will be confined to AI RAN, massive MIMO, cloud RAN and private wireless, while 6G is seen as "just another G."

• RAN revenue fell about $9 billion between 2021 and 2024 and was flat in 2025
• Three consecutive quarters of year-over-year growth confirm the post-5G correction is over
• Dell’Oro projects about $35 billion in cumulative AI RAN revenue over five years
• Private wireless is the only segment bringing genuinely new enterprise capital