Cloud Radio Access Network Market earned USD 4.8 billion in 2021 and expected to reach USD 29.9 billion in 2029, exhibiting at a CAGR of 25.7% | Size & Global Forecast

The Cloud Radio Access Network (C-Ran) Market was estimated around USD 4.8 billion in 2021 and is estimated to reach USD 29.9 billion in 2029 and predicted to grow at a CAGR of 25.7% over the forecast period (2022-2029).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/cloud-access-network-market-analysis-industry-research/

The factors driving growth of Cloud Radio Access Network (C-Ran) Market includes growing demand for 5G services around thew world, increase in the number of internet users around the world, expansion of the telecommunication sector and improvements in the living standards. Moreover, growing adoption of Network Function Virtualization (NFV) and Software Defined Networking technologies, C-RAN solutions provides centralized network architecture, enhanced energy efficiency and reduces expenses and rapid urbanization, are some of the additional factors supplementing the Cloud Radio Access Network Market share. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.

However, growth of the Cloud Radio Access Network (C-Ran) Market is hindered due to emerging need for high bandwidth in the fronthaul link in C Ran networks.

The major players operating in the Cloud Radio Access Network (C-Ran) Market includes Telefonaktiebolaget LM Ericsson, NEC Corporation, Huawei Technologies Co. Ltd., Intel Corporation, Nokia Corporation, Cisco Systems, Inc., Fujitsu Limited, Mavenir Systems Inc. and Artiza Networks Inc., among others.

Based on Service, the Managed segment is predicted to grow at a significant CAGR during the forecast period

Managed services provide day-to-day maintenance, 24*7 IT support and routine troubleshooting, along with rising popularity of remote working, are some of the factors propelling growth of the segment.

Based on Network Type, the 5G segment is projected to expand at a remarkable CAGR over the forecast period

5G networks reduces latency problems and is increasingly deployed in the Telecom industry, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period

Presence of the leading players such as China Mobile Limited, Huawei Technologies Co., Ltd. and Fujitsu Limited, rising number of internet users across India, China and Indonesia, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Development

In 2020, Nokia Corporation introduced 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.

Market Segmentation

Segmentation by Service

Professional
Managed

Segmentation by Network Type

5G
4G
LTE
3G (EDGE)

Segmentation by Deployment

Centralized
Cloud

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
 

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

This release was published on openPR.