Cloud-Ran Market is Expected to Reach US$ 43.33 Bn by the End of 2031-Intel, ZTE Corporation, Alcatel-Lucent, Huawei Technologies, IBM

The global C-RAN market size was valued at USD 8.47 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.7% from 2020 to 2027. C-RAN (Cloud Radio Access Network) is defined as either a Virtual/Cloud-radio access network or a Centralized-radio access network. Increasing network congestion due to the wide usage of smart devices and limited spectrum availability has driven the demand for efficient and enhanced network architecture such as C-RAN over the past five years

Architecture Type Insights
Based on architecture, the C-RAN market has been segmented into centralized-RAN and virtualized/Cloud RAN. Centralized radio access network maintains a dominant position owing to technological advances offered for optical, wireless, and IT communication systems. For instance, it employs the latest CPRI standard, dense wavelength division multiplexing, and mMwave to enable relay of baseband signal over long distances. It results in huge gains through centralized base station deployment.

Key Players in the Cloud-Ran market:

Intel, ZTE Corporation, Alcatel-Lucent, Huawei Technologies, IBM

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Component Insights
Based on components, the cloud radio access network market can be segmented into infrastructure, software, and services. Infrastructure accounted for the highest market share and was valued at USD 4.35 billion in 2019. The segment would attain a higher revenue share by 2027, owing to the rapid adoption of radio technology and architecture to meet the 5G requirements.

The software segment accounted for the second largest market share in 2019 owing to the increasing demand for NFV solution for radio access network visualization to optimize the larger and smaller carrier function which is further anticipated to drive the growth in near future. In addition, growing investment by mobile operators for effective deployment is also expected to contribute to the segment growth.

However, the service segment is expected to maintain a steady position throughout the forecast period. An increase in demand for consulting, maintenance services, design, and development due to the deployment of C-RAN architecture by mobile operators is anticipated to drive the growth.

Network Type Insights
On the basis of network type, the market has been categorized into 3G and LTE and 5G services. The LTE and 5G services led the market and accounted for a revenue of USD 7.97 billion in 2019. Massive growth in data traffic and rigorous impacts of power consumption by current network architecture results in extra cost burdens to network operators. Hence, operators are seeking for better alternative techniques and architecture, which can help reduce energy cost, provide better coverage, agile network traffic management as well as time-high-throughput.

However, the emergence of 5G is expected to draw challenges on the present network infrastructure in the form of technologies and operation models. Existing mobile networks are designed to match with the requirements for voice and traditional mobile broadband services and are not flexible enough to support 5G services owing to multiple numbers of standard upgrades and complex interfaces. Therefore, the cloud-RAN is an emerging critical network architecture for 5G deployment.

Cloud-Ran Market Types:

BBU (Baseband Units), RRU (Remote Radio Units), Optical Transport Network, Servers, Processors/Measurement Device.

Cloud-Ran Market Applications:

Network Services, Custom Services, System Integration Services

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This report includes data on Cloud-Ran market and analysis of sales data, consumption, production and the developments affecting state of the Cloud-Ran market. The report looks at the policy and regulations, competitive product positioning, technological innovation, cost performance, demand determination, and more. This report links you to the market to enhance opportunities. The report looks at the historical data, market segments, producing countries, domestic and global demand for certain products and services. The report examines the value chain, trade scenario, changes in industry structure in past few years, new changes, and impact of the new changes on the investors.

The report focuses on the key segments and investment planning initiatives. The report primarily discusses the Cloud-Ran industry considering the global scenario and presents different market scenarios to get a clear understanding of the issues and dynamism of this industry. Secondary and primary sources are covered to get relevant information to the market in this report. In pursuit of reliability and relevance, government publications, official websites, news sources, and more are considered in the report.

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Regional Insights
Asia Pacific is a prominent regional segment for C-RAN technology that accounted for the largest market share in 2019, followed by North America. Factors, such as rising deployment of C-RAN architecture as an initiative to commercialize the 5G in countries, such as China, Japan, and South Korea is expected to drive growth. In addition, the mobile carriers and service providers in South Korea announced in April 2019, that the cost for building a 5G infrastructure would be shared among them. In addition, the South Korean government is supporting these network providers in order to offer early commercialization of 5G technology.

North America is the second-largest market for C-RAN deployment since the U.S. is one of the major countries taking strong initiatives for the deployment of 5G to enhance the performance of IoT, autonomous vehicles, and other advanced technology in the upcoming years. The network providers in the region are making significant investments and conducting trials of C-RAN architecture across major cities in the U.S. to lay the groundwork for 5G.

Key Companies & Market Share Insights
The companies highly focus on partnerships to offer their solutions and innovations to gain traction. Acquisitions and partnerships are undertaken by the company to enlarge its geographic presence in key markets.

For instance, in February 2019, Rakuten Inc. announced a strategic investment in Altiostar with an aim to expand the company's vRAN solutions in 4G and 5G technology. ASOCS Ltd. announced its plan to launch a 5G single software stack on mobile edge cloud for enterprises and in-building market. In 2019, Cisco Systems, Inc. announced its plans to implement a radio access network automation strategy using the Cisco SON platform for VodafoneZiggo. Some of the prominent players in the C-RAN market include:

Altiostar

ASOCS Ltd

Cisco Systems, Inc.

Telefonaktiebolaget LM Ericsson

FUJITSU

Huawei Technologies Co., Ltd

NEC Corporation

Samsung Electronics Co Ltd.

Nokia Corporation

ZTE Corporation

2015-2021 Revenue Analysis of Cloud Radio Access Network Market vs. Growth Outlook 2022-2032
According to market research and competitive intelligence provider Fact.MR, the cloud radio access network market experienced noteworthy growth, growing at a value CAGR of 37.2% from 2015 to 2021. Extensive digitization of business enterprises are leading to increased prevalence of virtual networks with highly diversified connectivity frameworks. To ensure continuity, reliance on centralized and cloud-based radio access networks is increasing.

With the onset of the COVID-19 pandemic, communication service providers have been navigating through four operational challenges. These include securing network data, maintaining operation continuity, adapting to new traffic patterns and assuring quality for key services. Hence, the presence of robust security frameworks heightened demand for cloud radio access networks.

Furthermore, the pandemic exposed vulnerabilities and inefficiencies in legacy processes, compelling enterprises to invest in centralized connectivity systems. The centralization of information processing afforded by C-RANs enables effective interference management at the geographical scale covered by distributed radio units. Across the forecast period ranging from 2022 to 2032, it is expected that global market demand for cloud radio access networks is poised to experience nearly 8x.

Key Market Drivers Influencing Cloud Radio Access Networks Industry Expansion
Extensive Deployment of 5G Connectivity to Bolster Market Growth Prospects

Worldwide, deployment of 5G connectivity solutions is rising at an aggrandizing rate. 5G networks are part of national critical infrastructure, and are designed to be very flexible, such that they can be adopted across a wide range of use case scenarios. To achieve this flexibility, network intelligence and security have to be managed effectively, further increasing complexity. Consequently, the popularity of cloud-based radio access networks is rising.

5G is highly flexible and offers best performance in a wide range of applications. To enable and support these wide use cases, the 5G network architecture requires that different functions are flexibly placed within the network. This consequently creates scenarios where parts of the radio access and cloud network functions are geographically co-located.

In addition, the intelligence of the network is typically distributed across the network. Therefore, the deployment possibilities are numerous, and this further makes all the components of vital in terms of network performance. Moreover, 5G radio access and cloud networks also require robust security frameworks, which necessitates deployment of multiple firewall and protocol layers. Based on these aforementioned progress, the need for cloud radio access networks is bound to rise in the future.

Extensive Reliance on the Internet by Industries to Propel Market Growth

According to Internet World Stats, as of 2021, there were over 5 Billion internet users globally, with a majority of users concentrated across Asia (54.8%). In terms of penetration, however, North America tops the chart, with incidence rates climbing as high as 94%, while the global average is just over 65%. This rising penetration is an end product of rapidly evolving technology and the need to optimize business operations.

As this incidence continues to rise every day, telecom service providers are leaving no stone unturned to enhance their revenue prospects. These service providers seek to overcome key challenges, including low latency, high bandwidth and reduced downtime to survive market competition. Consequently, they are investing in robust connectivity infrastructure, with a majority of these provider relying on virtual or cloud based deployment apparatus. Hence, sales of cloud radio access network systems are expected to incline sharply in the coming years.

Key Challenges encountered by Cloud Radio Access Network Providers
Rising Security Threats, High Fronthaul Capacity Requirements to Hinder Prospects

A major challenge for cloud radio access network recognition is the fronthaul issue. Fronthaul connections are links between centralized baseband units (BBUs) and remote radio units (RRUs). The widely used interface between BBUs and RRUs is the Common Public Radio Interface (CPRI), which transfers digitized radio signals as input/output samples.

Due to a rise in the demand for the CPRI data rate, the optical fibers are mostly used for the fronthaul technology. In the present situation, fronthaul solutions are CPRIs, which consume immense amounts of resources, impeding adoption. Furthermore, this open broadcast nature of wireless architectures makes them vulnerable to new attacks, such as unauthorized or illegitimate access to sensitive information, leading to security breaches

How will China Perform in the Global Cloud RAN Industry Landscape?
Numerous Partnerships between Global & Regional Players being witnessed

According to Fact.MR's projections, deployment of cloud radio access networks across China is forecast to expand at an impressive 22.5% value CAGR from 2022 to 2032. Moreover, a dollar opportunity worth US$ 2.7 Billion is expected across the said forecast period. By 2032, a market valuation of US$ 3.2 Billion has been projected by this study for China. As the country strives to improve connectivity infrastructure, deployment of cloud RANs is rising significantly.

Will Cloud Radio Access Network Solutions remain Dominant?
Demand for Greater Operational Flexibility to Enhance Growth Prospects

By component, demand for cloud radio access network solutions is likely to accelerate the fastest, documenting a value CAGR worth 20.8% from 2022 to 2032, according to Fact.MR. Cloud radio access network is a viable option for communications service providers to have increased flexibility, faster delivery of services, and greater scalability in networks.

With increasing penetration of 5G connectivity and IoT, cloud radio access network solutions are significant in the progression of wireless technology. Furthermore, cloud RAN solutions provide a cost-effective and manageable alternative for supporting more users.

Which is the Most Sought after Cloud RAN Deployment Category?
Centralized Cloud Radio Access Networks to be Most Widely Deployed

Deploying centralized radio access networks has become highly mainstream across key industries, attributed to advantages such as resource virtualization, better service deployment at the edge, and joint processing and co-operative radio sharing. Also, by combining resources, serves can be deployed at the network edge instead of the core.

According to projections published by Fact.MR, the centralized cloud radio access network segment is forecast to register a whopping 20.9% value CAGR across the 2022-2032 assessment period. Initially popularized across East Asia, the technology is now gaining momentum globally.

Cloud Radio Access Network Market- Competitive Landscape
Prominent service providers are taking advantage of the rapidly digitizing landscape to introduce new services equipped with cutting-edge innovative technology. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

Finnish telecom giant Nokia Corporation collaborated with SK Telecom in January 2022, in order to provide the 5G 64TRX wireless-based vRAN, a highly advanced cloud-based radio access network platform, across South Korea. Both companies have successfully completed a proof-of-concept and demonstration of the said service, enabling them to meet agile computing requirements
In October 2020, Ericsson introduced its own cloud radio access network platform which would enable communications service providers add greater flexibility and versatility to their networks. The solution complements high-performing purpose-built baseband offerings in the Ericsson Radio System portfolio, providing service providers an optimal choice for any deployment scenario and need
In February 2022, Huawei Technologies Co. Ltd. unveiled new upgrades to its end-to-end Intelligent Cloud Network Solution. These upgrades are scheduled to take place across three major domains- CloudCampus 3.0, CloudWAN 3.0 and CloudFabric 3.0- and will release non-stop computing power and intelligence to every enterprise, accelerating digital transformation across industries
ZTE Corporation announced in March 2022 that it has updated its 5G radio access network portfolio by introducing the new-generation Massive MIMO product series- including the 32TR and 64TR AAUs, up to 192 antenna elements and 320 watt, as well as the world's lightest Massive MIMO product, weighing only 9 kilograms.
Key Segments Covered in the Cloud Radio Access Network Industry Report
Cloud Radio Access Network by Component :
Cloud Radio Access Network Solutions
Cloud Radio Access Network Services
Consulting Services
Implementation Services
Support Services
Cloud Radio Access Network by Deployment :
Centralized Cloud Radio Access Network
Cloud Radio Access Network
Cloud Radio Access Network by End User :
Cloud Radio Access Network for Telecom Operators
Cloud Radio Access Network for Enterprises
Cloud Radio Access Network by Network Type :
5G Cloud Radio Access Network
4G Cloud Radio Access Network
3G & 2G Cloud Radio Access Network

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