With the growing demand for energy-efficient solutions and a cost-effective network scheme, the emergence of 4G and 5G networks along with the growing demand for mobile networks, Global Cloud Radio Access Network (C-RAN) Market is yet to transform into its full potential.
About USD 1,946.98 million is expected to reach by 2027, witnessing market growth at a rate of 11.45% from 2020 to 2027 based on the forecast. Data Bridge Market Research also reported that cloud radio access network market is growing due to the adoption of centralised-RAN architecture by mobile operators.
There are key major players for this market, namely; Nokia, Cisco, SAMSUNG, ZTE Corporation, Altiostar, Telefonaktiebolaget LM Ericsson, NEC Corporation, Huawei Technologies Co., Ltd., FUJITSU, Intel Corporation, Mavenir, ASOCS, Actix International Limited., TELCO, Ceragon, IBM Corporation, Panasonic Corporation, Xilinx, and other domestic and global players. Market share data is also available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America, which may depend upon its agreements or regional needs.
Increasing adoption of cloud technology and growing services offered by telecom operators will further create new opportunities for the growth of cloud radio access network market in the aforementioned forecast period.
Cloud radio access network (C-RAN) is a centralized type of cloud computing architecture for radio technology that supports all network types such as 2G, 3G, 4G, and upcoming wireless communication standards. Think of it like Cloud and radio spawning a new creature of technology, and you see it’s a combination of both, apparently speaking. So far on the basis of the type of network type, C-RAN market has been divided into 3G, 4G, and 5G.