<p>➀ The RAN market is projected to decline by 1% in 2025, marking a moderate slowdown after significant declines in previous years, with a -1% CAGR expected over the next five years;</p><p>➁ Open RAN, Cloud RAN, and AI RAN will drive innovation but not expand the overall market, while non-traditional areas like FWA and private wireless may boost growth;</p><p>➂ 5G-Advanced adoption will gradually replace 5G investments within constrained budgets, with key growth segments including mmWave, vRAN, and small cells.</p>