Cloud RAN Market Statistics 2019: Why You Should Invest In this Industry
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Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in network congestion, owing to surge in the smart phone usage and rising data traffic & 4G & 5G accessibility among end users are the major factors that drive cloud RAN market growth. In addition, adoption of cloud RAN technology by operators to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) is expected to supplement the market growth. However, lack of technical expertise hampers the market growth. Furthermore, increased adoption of cloud technology in C-RAN is expected to provide lucrative opportunities for the global cloud RAN market.
Cloud RAN Market Trends:
5G testing in countries:
5G testing has started in various countries such as China, Japan, and South Korea and operators are making different strategies to become leaders in 5G services as well as LTE services, which is expected to boost cloud RAN investments. 5G would be able to deliver a downlink user experience of approximately 10–100 Mbps throughout and about 1– 10 Gbps locally, with a very less latency.
Notable developments in the field of cloud RAN technology:
Cloud RAN is a very competitive market so companies are implementing different strategies such as collaboration, mergers, acquisitions etc. to sustain in the market. For instance, in June 2017: Nokia Corporation and KDDI Corporation made a collaboration using Nokia’s AirScale Radio to implementing wireless ultra-broadband services in the megacities. In May 2017, Korea’s SK Telecom and Samsung Electronics completed trial to deliver 5G end-to-end connection based on 5G New Radio (NR) technology.
North America expected to dominate the market:
North America is expected to have the largest market share during the forecast period in the market, owing to developed economies such as the U.S., Canada, and high LTE user base which creates demand for high-quality mobile services fueling the growth of the cloud RAN market.
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Key benefits of the report:
This study presents analytical depiction of the cloud RAN market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the cloud RAN market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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