Cloud Radio Access Network (C-RAN) Market Size, Share, Growth Analysis, By Component(Infrastructure, Software, Services), By Network Type(LTE & 5G, 3G), By Deployment(Indoor Deployment, Outdoor Deployment), By Architecture(Centralized Architecture, Virtual Cloud-RAN Architecture), By Region - Industry Forecast 2024-2031

Asia Pacific accounted for the significant market share for C-RAN technology in 2022 which was followed by North America. Growth is projected to be fueled in the upcoming period too by factors including the increasing C-RAN architecture deployment as part of an initiative to commercialise 5G in nations like China, Japan, and South Korea. Additionally, South Korean mobile carriers and service providers declared in April 2019 that they will split the cost of developing a 5G infrastructure. In order to offer early 5G commercialization, the South Korean government is also backing these network providers.

APAC seems to hold great potential for C-RAN deployments due to the region's significant spending in the C-RAN industry and the ongoing increase in mobile data traffic. The telecom industry has been seeing significant expenditures as a result of the shift in attitude from traditional RAN architectures to C-RAN architectures, which appears to be broadening the application of C-RAN. The main possibility for C-RAN deployments in the APAC region is concentrated in areas with a large supply of transportable fibre. As fibre accessibility is a crucial prerequisite for C-RAN deployments, this in turn presents enormous prospects for C-RAN manufacturers.