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Cloud Radio Access Network (C-RAN) Market Size Worth 50.6 billion by 2030

The global cloud radio access network (C-RAN) market was US$ 2.5 billion in 2020. the global cloud radio access network (C-RAN) market size is forecast to reach the value of US$ 50.6 billion by 2030 by growing at a compound annual growth rate (CAGR) of 35.1% during the forecast period from 2021-2030.

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C-RAN or Cloud radio access network is a cloud computing architecture designed mainly for radio access networks (RAN). Cloud radio access network is an advanced version of the prevailing wireless communication system.

Factors Influencing

  • The growing investments and partnerships for the advancements in the LTE and 5G technologies would surge the growth of the global cloud radio access network (C-RAN) market.
  • The benefits of the C-RAN technologies, such as separate modules and energy efficiency, would further contribute to the growth of the global C-RAN market. Apart from that, other advantages like infrastructure reuse, availability of resources are all forecast to drive the market growth. C-RAN is specifically beneficial in low-latency network conditions.
  • Limited awareness regarding the use and benefits of cloud radio access networks (C-RAN) may hamper the growth of the global Cloud radio access network (C-RAN) market.
  • The increasing demand for cloud technologies and growing innovations are forecast to benefit the C-RAN service providers in the coming years.
  • The market players in the global C-RAN market have been introducing advanced products and focusing on partnerships and collaborations to outgrow in the competitive environment. As a result, it would propel the growth of the global cloud radio access network (C-RAN) market. In 2019, Rakuten inked a strategic partnership with Altiostar to expand its portfolio in the industry.

Geographic Analysis

Geographically, North America holds the highest share in the global cloud radio access network (C-RAN) market. It is due to the growing adoption of the cloud radio access network (C-RAN). Moreover, the market is witnessing complex networks across industries in diverse verticals. It would result in the expansion of the market in North America.

In addition, Europe and the Asia-Pacific region are forecast to grow by holding the second and third largest share in the global cloud radio access network C-RAN market. An increasing number of mobile users, the rising deployment of cloud and 5G technologies are the factors contributing to the growth of the global cloud radio access network (C-RAN) market. Moreover, growing innovations in these regions are forecast to result in market growth.

COVID-19 Impact Analysis

The rapid expansion of the COVID-19 infection triggered a large number of financial crises worldwide. Communication Service Providers (CSPs) faced various challenges, including securing the network data, keeping continuity in the operations, adjusting to new traffic patterns, and ensuring the quality. Due to the pandemic, enterprises shifted to focusing on the beneficial role of automation. This, in turn, is expected to have a significant impact on the global cloud radio access network (C-RAN) market. The market has achieved considerable growth and is forecast to gain momentum in the coming years.

Competitors in the Market

  • Nokia Corp
  • Cisco Systems Inc.
  • Samsung Electronics Co Ltd
  • ZTE Corp
  • Altiostar
  • Telefonaktiebolaget LM Ericsson
  • NEC Corporation
  • Huawei Technologies Co.Ltd.
  • Fujitsu
  • Intel Corporation
  • ASOCS Ltd.
  • Other prominent players

Market segmentation:

By Deployment

  • Indoor
  • Outdoor

By Network

  • 3G
  • LTS & 5G

By Component

  • Infrastructure
    • Remote Radio Units
    • Baseband Units
    • Fronthaul
  • Solution
  • Services
    • Consulting
    • Design & deployment
    • Maintenance & support
    • Others

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Updated : 2022-01-28 13:19 GMT+08:00