Cloud Radio Access Network (C-RAN) Market

C-RAN size reached USD 4.8 billion in 2021 and is estimated to reach USD 29.9 billion in 2029 and the market is estimated to grow at a very high CAGR of 25.7% from 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

Rising number of smartphone users, growing internet data traffic, and rising adoption of advance mobile internet technology together with the implementation of 5G service are some of the major factors expected to drive the growth of the Cloud Radio Access Network Market.  In addition, C-RAN offer centralized network architecture, high energy efficiency and further helps in decreasing the expenses cost owing to the virtualization of base stations instead of physical deployment.

Moreover, rising implementation of network virtualisation by telecom service providers owing to the increasing demand for high speed network with low latency and high bandwidth is further propelling the market growth. According to the World Bank, 51% of the global population has used internet connection in 2018, and the number of mobile cellular subscription has increased from 7.9 billion in 2018 to 8.2 billion in 2019. According to GSM Association, the number of unique mobile subscribers is forecasted to grow to 5.8 billion by 2025. The growing penetration of internet connectivity and increasing demand for efficient and enhanced network architecture is expected to support the growth of the Cloud Radio Access Network Market Size.

Restraint in the Cloud Radio Access Network (C-RAN) Market

However, the need for high bandwidth in the fronthaul link and its high deployment cost is expected to be one of the major restraining factors for the market. Additionally, increasing concerns pertaining cyber-attacks including unauthorized access to sensitive information may further hamper the market growth.

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Service – Segment Analysis

Based on the service, the managed service is expected to account for a large share in the market owing to its various benefits that includes day-to-day maintenance, 24/7 IT support, routine troubleshooting, regular data backups, administration, and IT security provision. Growing popularity of working remotely, adoption of Desktop as a Service (DaaS), and increasing demand to prevent cyber-threats effectively is further contributing to the market growth.

Network Type – Segment Analysis

Based on the network type, the 5G segment is expected to exhibit significant growth during the forecast period owing to the increasing adoption of 5G technology by telecom providers for minimizing latency issues and providing faster speeds to consumers globally. Moreover, C-RAN provides network capabilities for both large-scale and centralized 5G deployments in telecom industries and enterprises, which further stimulate the market growth.

Deployment – Segment Analysis

Based on the deployment, the cloud RAN segment is expected to grow prominently over the forecast period. This is primarily due to its advantage of reduced maintenance cost of virtual baseband units (BBUs) as they are stored in data center storage and increasing adoption of software defined networking (SDN) and network functions virtualization (NFV) technology by the telecom industry.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is anticipated to witness high growth over the forecast period primarily due to the rapidly evolving telecommunication industry, growing number of smart devices users, and increasing demand for high speed network. According to the World Economic Forum, the number of internet users in India grew by 23% to reach 128 million from 2019 to 2020. Moreover, increasing adoption of C-RAN architecture by mobile operators including China Mobile Limited, Huawei Technologies Co., Ltd., Nokia Corporation, Singapore Telecommunications Limited, and others in the region is further contributing to the market growth.

Top Market Players

Several Leading players operating in the market, include, Nokia Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Intel Corporation, Fujitsu Limited, Mavenir Systems Inc., Artiza Networks Inc., and NEC Corporation among others. 

Key Developments: 

• • In 2020, Nokia Corporation launched its next-generation 5G AirScale Cloud RAN solution based on vRAN2.0 to be commercially available with general availability expected in 2021 following a series of successful customer trials, including end-to-end 5G data calls over sub-6GHz frequency bands, with fully cloudified base station. Nokia’s new vRAN2.0 solution will offer a fully cloudified and disaggregated 5G base station that provides scalability, low latency, high performance and capacity.

Segments covered in the Report:

The global Cloud Radio Access Network (C-RAN) Market has been segmented on the basis of service, network type, deployment, and key regions. Based on service, the market is segmented into professional and managed. Based on network type, the market is segmented into 5G, 4G, LTE, and 3G (EDGE). Based on the deployment, the market is segmented into centralized and clouds. 

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Key questions answered in this research report:

• • At what pace is global Cloud Radio Access Network (C-RAN) Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Cloud Radio Access Network (C-RAN) Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Cloud Radio Access Network (C-RAN) Market?
  • What is the C-RAN Market Size in 2019?
  • Which network type generated maximum revenues in 2021 and identify the most promising network type during the forecast period?
  • What are the various services of global Cloud Radio Access Network (C-RAN) Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Cloud Radio Access Network (C-RAN) Market by Service

• • Professional
  • Managed

Global Cloud Radio Access Network (C-RAN) Market by Network Type

• • 5G
  • 4G
  • LTE
  • 3G (EDGE)

Global Cloud Radio Access Network (C-RAN) Market by Deployment

• • Centralized
  • Cloud

Global Cloud Radio Access Network (C-RAN) Market by Region

• • North America Cloud Radio Access Network (C-RAN) Market (Option 1: As a part of the free 25% customization)
    • By Service
    • By Network Type
    • By Deployment
    • US Market All-Up
    • Canada Market All-Up
  • Europe Cloud Radio Access Network (C-RAN) Market (Option 2: As a part of the free 25% customization)
    • By Service
    • By Network Type
    • By Deployment
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Cloud Radio Access Network (C-RAN) Market (Option 3: As a part of the free 25% customization)
    • By Service
    • By Network Type
    • By Deployment
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Cloud Radio Access Network (C-RAN) Market (Option 4: As a part of the free 25% customization)
    • By Service
    • By Network Type
    • By Deployment
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Cloud Radio Access Network (C-RAN) Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nokia Corporation
  • Cisco Systems, Inc.
  • Huawei Technologies Co., Ltd
  • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • Fujitsu Limited
  • Mavenir Systems Inc.
  • Artiza Networks Inc.
  • NEC Corporation