What is the global market size of Cloud Radio Access Network (C-RAN) Market?

Cloud Radio Access Network (C-RAN) Market size was valued at USD 14.2 billion in 2021 and is poised to grow from USD 17.21 billion in 2022 to USD 97.12 billion by 2030, growing at a CAGR of 21.20% in the forecast period (2023-2030).

Global Cloud Radio Access Network (C-RAN) Market

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

Report ID: SQMIG45A2046 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 114 | Figures: 77

Cloud Radio Access Network (C-RAN) Market News

In June 2022, the largest telecom business in Taiwan, Chunghwa Telecom (CHT), recently upgraded to 5G mid-band, putting energy conservation front and centre. It was abundantly rewarded when it was able to reduce power usage by more than one third while also enhancing network performance.
In June 2022, in India the Department of Telecommunications' (DoT) R&D division, the Centre for Development of Telematics (C-DoT), and Galore Networks signed a contract on Friday to develop homegrown, end-to-end 5G RAN products and solutions.

Cloud Radio Access Network (C-RAN) Market Report Snapshots

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Cloud Radio Access Network (C-RAN) Market size was valued at USD 14.2 billion in 2019 and is poised to grow from USD 17.21 billion in 2023 to USD 97.12 billion by 2031, growing at a CAGR of 21.20% in the forecast period (2024-2031).

The cloud radio access network market has a few significant competitors and is only moderately competitive. Some of the players now control the market in terms of market share. However, new firms are growing their market presence and hence their commercial footprint across the rising economies as a result of the progress in 4G & 5G services. 'Nokia Corporation', 'Ericsson AB', 'Samsung Electronics Co. Ltd.', 'ZTE Corporation', 'Huawei Technologies Co. Ltd.', 'Intel Corporation', 'Cisco Systems Inc.', 'NEC Corporation', 'Mavenir Systems Inc.', 'Altiostar Networks Inc.', 'Fujitsu Ltd.', 'Affirmed Networks Inc.', 'ASOCS Ltd.', 'Radisys Corporation', 'Red Hat Inc.', 'CommScope Holding Company Inc.', 'Ciena Corporation', 'Hewlett Packard Enterprise Development LP', 'Wind River Systems Inc.', 'Dell Technologies Inc.'

For the purpose of improving their service capabilities, many telecom companies are adopting 5G services. In the following years, many regions are anticipated to quickly adopt 5G services. Investments in C-RAN are anticipated to increase as a result of the current competition for supremacy in 5G delivery. The anticipated benefits of 5G include high bandwidth and low latency. Massive capacity users are one of the networking needs that 5G meets, and as a result, there are a lot of connectivity issues. The effective use of spectrum and network resources to lower Total Cost of Ownership is another issue that needs to be addressed (TCO). In the upcoming years, there will likely be a rise in demand for C-RAN network solutions and services due to the growing demand for 5G network technology.

Increase in internet usage: There is a challenge for telecom players to meet the ever-increasing customer expectations, such as low latency, high bandwidth, and more uptime, in order to survive the competition in the market. However, the increased internet connectivity around the world has created a new opportunity for telecom service providers to increase their revenue. Players in the telecom industry are making significant investments to seize this new chance. The C-RAN industry is expanding as a result of telecom companies' growing infrastructure investments.

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.

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Cloud Radio Access Network (C-RAN) Market News

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