Press release
Global Cloud Radio Access Network (C-RAN) Market Expected to Reach USD 95.8 Billion by 2031| Top Key players such as -NEC Corporation, Fujitsu and Qualcomm Technologies.
Rise in the need for energy-efficient and cost-effective networking solutions, surge in the proliferation of 5G network technologies, and rapid rise in the demand for high bandwidth drive the growth of the global cloud radio access network (C-RAN) market. Region-wise, the market in Asia-Pacific was the largest in 2021, and is likely to maintain its leadership status during the forecast period.
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The report offers a detailed segmentation of the global cloud radio access network (C-RAN) market based on component, network type, deployment, end user, and region. Based on network type, the 4G segment held the largest share in 2021, capturing more than half of the global cloud radio access network (C-RAN) market, and would lead the trail through 2031. The 5G segment, however, is estimated to witness the fastest CAGR of 22.7% during the forecast period. The report also discusses the 2G/3G segment.
By end user, the enterprises segment captured the largest market share of three-fifths of the global cloud radio access network (C-RAN) market in 2021 and is expected to maintain its dominance during the forecast period. The same segment is likely to achieve the fastest CAGR of 22.0% through 2031. The report also studies the telecom operator's segment.
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Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than one-third of the global cloud radio access network (C-RAN) market, and is likely to maintain its leadership status during the forecast period. However, the market in Europe is expected to manifest the highest CAGR of 23.3% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global cloud radio access network (C-RAN) market analyzed in the research include Altiostar, Nokia Corporation, Huawei Technologies Co., Ltd., Intel Corporation, ZTE Corporation, Samsung Electronics Co. Ltd., Ericsson, Cisco Systems, Inc., NEC CORPORATION, Fujitsu, and Qualcomm Technologies, Inc.
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Covid-19 Scenario:
• The COVID-19 outbreak immensely impacted the cloud radio access network (C-RAN) market. This is due to the increased use of online services and content streaming, which increased the burden on wireless networks.
• Hence, telecom operators and mobile infrastructure service providers sought effective cellular networking solutions, such as C-RAN, which directly influenced the market growth in a big way across the world.
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