Press release
Cloud Radio Access Network Market Poised for 22.8 % Growth, Set to Hit 20.8 Billion by 2029
How Is the Cloud Radio Access Network Market Projected to Grow, and What Is Its Market Size?The cloud-radio access network market has grown rapidly in recent years and will continue to do so, projected to grow from $18.52 billion in 2024 to $23.4 billion in 2025, with a CAGR of 26.3%. This growth is driven by increasing mobile data demand, the need for scalability and flexibility, cost-saving initiatives, network optimization, and the evolution of 4G networks.
The cloud-radio access network market is projected to grow rapidly, reaching $53.21 billion by 2029, at a CAGR of 22.8%. Contributing factors include the growing adoption of IoT devices, the demand for low-latency applications, mobile broadband expansion, and a greater focus on network security. Key trends include multi-access edge computing (MEC), Open RAN adoption, the convergence of telecommunications and cloud services, and enhanced mobile broadband applications.
What Are the Key Drivers Behind the Growth of the Cloud Radio Access Network Market?
The growing demand for high-speed data services is propelling the development of the cloud-based radio access network (RAN) market. With the growing adoption of 5G, as indicated by the expected 610 million new 5G subscriptions in 2023 (reported by Telefonaktiebolaget LM Ericsson), the demand for efficient and flexible data transmission networks increases.
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Who Are the Major Industry Players Fueling Cloud Radio Access Network Market Expansion?
Major companies operating in the cloud-radio access network market are Samsung Electronics Co. Ltd., Microsoft Corporation, Reliance Industries, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc., Texas Instruments, ZTE Corporation, Amphenol, CommScope Holding Company Inc., Ciena Corporation, Infinera Corporation, VIAVI Solutions, Sterlite Technologies Limited, Anritsu, Ceragon Networks Ltd., Casa Systems
Which Key Developments Are Influencing the Cloud Radio Access Network Market?
In the cloud radio access network (RAN) market, companies are developing advanced solutions like cloud RAN infrastructure to extend the product's value and drive revenue. Cloud RAN, a cloud-native centralized cellular network architecture, plays a key role in modernizing networks for 5G. In July 2023, Telstra, an Australian telecommunications company, collaborated with Ericsson, a Swedish telecom company, to launch Ericsson's cloud RAN infrastructure on Telstra's commercial 5G network in Australia. This partnership aims to advance 5G technology and improve network capacity, performance, and security in Australia.
How Is the Segmentation of the Cloud Radio Access Network Market Defined?
The cloud-radio access network market covered in this report is segmented -
1) By Types: Centralized-RAN (Radio Access Network), Virtualized Or Cloud RAN (Radio Access Network)
2) By Components: Solution, Services
3)By Network Types: 2G Or 3G, 4G LTE (Long Term Evolution), 5G
4) By Deployment: Indoor Deployment, Outdoor Deployment
5) By End User: Telecom Operators, Enterprises
Subsegments:
1) By Centralized-RAN (C-RAN): Baseband Unit (BBU) Pooling, Fronthaul
2) By Virtualized Or Cloud RAN (vRAN): Cloud-Based Baseband Unit (BBU), Software-Defined Radio (SDR), Virtualized Network Functions (VNFs)
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What Is the Leading Region in the Cloud Radio Access Network Market?
Asia-Pacific was the largest region in the cloud-radio access network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud-radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cloud Radio Access Network Global Market Report?
- Market Size Analysis: Analyze the Cloud Radio Access Network Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Radio Access Network Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Radio Access Network Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Radio Access Network Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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