June 3, 2019: The global cloud radio access network (C-RAN) market is expected to reach USD 31.71 billion by 2025, according to a new report by Grand View Research, Inc. The networks ecosystem is on the verge of a transformation owing to growing demand data requirements for the Internet of Things (IoT) and the advent of 5G technologies which will lead to the requirement of new services and applications is anticipated to drive the growth of C-RAN architecture market over the forecast period. The market for the virtual/ cloud RAN architecture is expected to gain traction over the forecast period.
The Infrastructure segment holds the largest share of Cloud-RAN industry in 2016 and is expected to reach over USD 17.05 billion by 2025. The market for the LTE & 5G segment is expected to grow at the highest CAGR over the forecast period from 2017 to 2025. The evolution of 5G is projected to place challenges on present network infrastructure in the form of technologies and operation model.
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The currently available mobile networks infrastructure is designed to meet the requirements for voice and traditional mobile broad band services. These infrastructures are not flexible enough to support 5G services owing to the multiple number standard upgrades and complex interfaces. Centralized-RAN is emerging as the critical network architecture for 5G, it has innovative elastic and scalable network architectures which can provide the required capabilities to the incorporation of 5G network.
Further key findings from the report suggest:
- The global C-RAN market accounted for USD 4.72 billion in 2016 and is expected to grow at a CAGR of 23.9% from 2017 to 2025
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- Outdoor deployment segment emerged as the largest segment in 2016 and is estimated to generate revenue over USD 26.08 billion by 2025
- The market for design and development service is anticipated to witness the highest growth of a CAGR of 23.1% over the forecast period
- The Asia-Pacific market hold the largest share in the C-RAN market in 2016. The growing deployment of C-RAN by the mobile operators in China, Japan and South Korea to better meet heavy mobile data demand by improving existing 4G network coverage and to support the future 5G roll out in the region
- Key players include Ericsson AB, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., Fujitsu Ltd and ZTE Corporation are accounting for the majority share of the overall market in 2016
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Cloud and on-premises Cloud Radio Access Network (C-RAN) software empower organizations to reduce costs, increase operational efficiencies, and avoid non-compliances.
MarketsandMarkets expects the Centralized RAN Market size to grow from USD 681.6 Million in 2017 to USD 1,132.3 Million in 2022, at a Compound Annual Growth Rate (CAGR) of 10.7%.
Rapid Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) reduction, and 4G and 5G accessibility are the major driving factors for the Centralized RAN market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1001The consulting services segment is expected to be the largest contributor to the global Centralized RAN market during the forecast period.Consulting services are used to provide an enhanced strategic outlook, improve performance efficiency, and transform enterprise business operations.
Consulting services help in lowering risks, reducing complexities, and raising the Return on Investment (RoI).
These services can be customized, are easily applicable, and deliver maximum product assurance.The targeted outdoor urban areas deployment venue is expected to show a significant growth rate during the forecast period.Targeted outdoor urban areas mainly comprise urban locations, which have large numbers of users.
In order to enhance the existing infrastructure (transforming from Long Term Evolution (LTE) to 5G) by reducing the CAPEX, the deployment of the centralization technology is a major step taken by telecom operators.The major C-RAN vendors are Nokia Corporation (Finland), Cisco Systems, Inc. (US), Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Altiostar (US), Ericsson AB (Sweden), Huawei Technologies Co. Ltd. (China), NEC Corporation (Japan), Fujitsu (Japan), Intel Corporation (US), Mavenir (US), and ASOCS Ltd. (Israel).
Market HighlightsThe global cloud radio access network is predicted to touch USD 14 billion at a whopping 21% CAGR between 2016- 2022, states the recent Market Research Future (MRFR) analysis.
This is basically a radio access network that supports 2G, 3G, 4G & other emerging wireless communication standards.
C-RAN benefits the user in multiple ways by offering low cost, high bandwidth, low latency, and high reliability.
Drivers and RestraintsGrowing network congestion due to the widespread use of smart devices and reduced spectrum supply over the last five years has increased demand for powerful and improved network infrastructure such as C-RAN.
In addition, steady measures taken by the governments and network operators across various regions for successful 5 G rollout in the coming years are expected to be a major catalyst for C-RAN rollout.
Also, exponentially increasing network traffic and limited availability of spectrum resources are challenging the existing radio network infrastructure.
Market HighlightsThe call for advanced cellular network architecture is creating a favorable backdrop for the expansion of the cloud radio access networks.
Reports that study the information and communication technology industry have been offered by Market Research Future, which delivers reports on industry verticals that appraise the market growth and forecasts.
On the basis of regions, the cloud radio access network market is segmented into Asia Pacific, the Americas, Europe and Rest of the World.Detailed Regional Analysis The regional examination of the cloud radio access network market covers regions such as the Asia Pacific, the Americas, Europe and rest of the world.
The cloud radio access network market is also anticipated to increase steadily in the European and Latin American regions in the forecast period.Competitive AnalysisThe geopolitical conflicts and strategies are further intensified by the power tussles in international governments.
The developments in the manufacturing sector in terms of equipment and facility space are expected to bolster the market’s development in the forecast period.
The revolution noticed in the economies of numerous emerging nations is anticipated to push the market’s development in the forecast period.
