Cloud Radio Access Network Market Research Report

Cloud Radio Access Network (C-RAN) Market:

Growth opportunities in the cloud radio access network (C-RAN) market look promising over the next six years. This is mainly due to the growing adoption of advanced mobile internet technology along with the implementation of 5G service, increasing demand for efficient and enhanced network architecture, and rising number of smartphone users.

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Cloud Radio Access Network (C-RAN) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the major drivers accelerating the growth of the cloud radio access network market include the surging number of smartphone users, expanding data traffic on internet, increasing acquisition of enhanced internet technology coupled with the execution of 5G service. Moreover, features like centralized network architecture, prominent energy efficiency, and reduction in the expenditure due to virtualization of base station rather than physical deployment offered by C-RAN, will further strengthen the market share.

The growing application of network virtualisation by telecom service providers due to the rising demand for high-speed network with less intermission and high bandwidth will further fuel the market growth. In accordance with the World Bank, the worldwide population using the internet connection was 51% and the number of mobile cellular subscription was 7.9 billion in 2018, which increased to 8.2 billion in 2019. Also, the GSM association projects that the number of unique mobile subscribers will reach to 5.8 billion by 2025. The accelerating internet connectivity penetration and the growing demand for improved and efficient network architecture will promote the market growth.

However, the high bandwidth required in the fronthaul link and robust cost of its deployment is the prominent factor restraining the market growth. Additionally, rising consciousness pertaining cyber-attacks such as unauthorized access to sensitive information will further curb the market growth.

Regional Drivers

Based on regional coverage, Asia-Pacific is expected to expand at a faster CAGR over the forecast period. This is mainly because of the increasing developments in telecommunication industry, rising smart devices users and the fuelling demand for high speed network. As per the World Economic Forum, India witnessed an increase in the number of internet users by 23% and 128 million from 2019 to 2020. Moreover, the growing adoption of C-RAN architecture by mobile operators including Nokia Corporation, China Mobile Limited, Singapore Telecommunications, Huawei Technologies Co., Ltd., and others will further raise the market growth.

Cloud Radio Access Network (C-RAN) Market’s leading Manufacturers:

·         NEC Corporation

·         Mavenir Systems Inc.

·         Intel Corporation

·         Telefonaktiebolaget LM Ericsson

·         Cisco Systems, Inc.

·         Artiza Networks Inc.

·         Fujitsu Limited

·         Huawei Technologies Co. Ltd.

·         Nokia Corporation

Cloud Radio Access Network (C-RAN) Market Segmentation:

Segmentation by Service:

·         Professional

·         Managed

Segmentation by Network Type:

·         5G

·         4G

·         LTE

·         3G (EDGE)

Segmentation by Deployment:

·         Centralized

·         Cloud

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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