Cloud Radio Access Network (C-RAN) market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of C-RAN Market
The C-RAN market size was valued at USD 3.07 billion in 2023, and the market is now projected to grow USD 15.64 billion by 2030, exhibiting a CAGR of 27.1% during the forecast period of 2024-2030.
The COVID-19 pandemic together interrupted and enhanced the market growth. It caused delays in arrangements due to supply chain distractions and augmented costs while simultaneously intensifying the demand for dependable connectivity as distant work and online services surged. Cloud RAN's centralized structural design proved helpful for distant network management and flexibility, meeting the augmented data traffic demands.
The demand for advanced bandwidth solutions has developed expressively as a result of the emergence of applications that need a huge amount of data, such as high-definition video streaming, enlarged reality applications, and IoT devices.
With a growing necessity for data capacity due to the increasing internet data traffic, 5G technology is planned to expressively augment data communication speed, posing up to thrice the presentation associated to 4G and LTE. The key objective ahead the development of 5G is to deliver extensive enhancements in mobile broadband services which will upsurge the C-RAN market growth.
Comprehensive Analysis of C-RAN Market
The market can be segmented in various ways depending on the focus of study such as by network, by type, by industry and by enterprises. Based on the network, the market is segmented into 4G and LTE, 5G and 5G NR, and 2G/3G. By enterprise, the market is segmented into large enterprises and small and medium enterprises. By type, the market is segmented into centralized RAN and virtual RAN. By industry, the market is segmented into telecommunication, manufacturing, healthcare, transport and logistics, and mining and energy sector
Asia Pacific region is dominating the C-RAN market share due to prominence on ecological sustainability and the existence of crucial players functioning in the market. The 5G and 5G NR network sector accounted for the firmest rising network system and is composed to experience the greatest prompt growth during the estimate period.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include
Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), hongxing New Telecommunications Equipment Co., Ltd. (China), Qualcomm Incorporated (U.S.), NEC Corporation (Japan), Mavenir Systems, Inc. (U.S.), Samsung Group (South Korea), Airspan Networks, Inc. (U.S.), Telefónica, S.A. (Spain) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In August 2023, Nokia was chosen by Cellfie Mobile for a national network modernization plan covering 4G and 5G willingness. Nokia's 5G-ready AirScale portfolio, including energy-efficient ReefShark System-on-Chip (SoC) technology, it was used to promote current LTE sites and enhance new 5G-ready ones following a positive spectrum sale.
Segmentation Table
Attribute Details
Study Period 2023-2030
Base Year 2023
Estimated Year 2023
Forecast Period 2024-2030
Growth Rate CAGR of 27.1% from 2024 to 2030
Unit Value (USD Billion)
Segmentation By Network
2G/3G
4G and LTE
5G and 5G NR
By Enterprise Type
Small and Medium Enterprises (SMEs
Large Enterprises
By Type
Centralized-RAN
Virtual RAN (vRAN)
By Industry
Telecommunication
Manufacturing
Healthcare
Transport and Logistics
Mining and Energy
By Region
North America (By Network, By Enterprise Type, By Type, By Industry, and By Country)
- U.S. (By Network)
- Canada (By Network)
- Mexico (By Network)
Europe (By Network, By Enterprise Type, By Type, By Industry, and By Country)
- U.K. (By Network)
- Germany (By Network)
- France (By Network)
- Spain (By Network)
- Nordics (By Network)
- Rest of Europe
Asia Pacific (By Network, By Enterprise Type, By Type, By Industry, and By Country)
- China (By Network)
- India (By Network)
- Japan (By Network)
- South Korea (By Network)
- Oceania (By Network)
- Rest of the Asia Pacific
Rest of the World (By Network, By Enterprise Type, By Type, By Industry, and By Region)
- Middle East & Africa (By Network
- South America (By Network)
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