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
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.
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.
Segmentation by Service
Segmentation by Network Type
Segmentation by Deployment
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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