C-RAN Market Size, Share & Trends Analysis Report By Architecture Type (Centralized-RAN, Virtual/Cloud-RAN), By Component, By Network Type, By Deployment Model, By Region, And Segment Forecasts, 2023 - 2030

C-RAN Market Size, Share & Trends Analysis Report By Architecture Type (Centralized-RAN, Virtual/Cloud-RAN), By Component, By Network Type, By Deployment Model, By Region, And Segment Forecasts, 2023 - 2030

C-RAN Market Growth & Trends

The global C-RAN market size is expected to reach USD 89.29 billion by 2030, expanding at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030, according to a new study by Grand View Research, Inc. The rapid technological advancement in visual and wireless communication systems is expected to drive the C-RAN (Cloud Radio Access Network) market growth. In addition, the use of C-RAN has operational benefits such as reduced power consumption, ease of operation and network performance, spectrum efficiency, resource integration, and reuse of infrastructure, which is expected to boost the market demand.

Furthermore, C-RAN is expected to reduce the operating cost and infrastructure burden caused due to the rapid deployment of 5G networks around the world. Similarly, as the growing trend among telecom providers is to provide 5G at high speed and low latency, they are predicted to rely significantly on C-RAN to handle growing traffic volumes and ensure appropriate functionality of the system. This, in turn, is anticipated to drive market growth over the forecast period.

Moreover, during the COVID-19 pandemic, the lockdown regulations around the world increased the load on network systems as people turned to the internet for entertainment, work, and communication purposes. For instance, in 2021, according to the International Telecommunication Union (ITU), internet users grew to 4.9 billion during the pandemic. It is also estimated that the demand for C-RAN increased during the pandemic as enterprises were looking to ensure system operations remain live, sustain growing device connections on the network, and safeguard network data to keep up with the high user traffic.

C-RAN Market Report Highlights

• Based on architecture type, the centralized-RAN segment is expected to grow at the highest CAGR over the forecast period due to the increased efficiency and multi-protocol support
• Based on component, the infrastructure segment accounted for the largest market share in 2022 owing to the rapid adoption of radio technology and architecture to meet the 5G requirements
• Based on network type, the LTE & 5G segment recorded the largest market share in 2022 due to high speed and low latency factors
• Based on deployment model, the outdoor segment is expected to maintain a dominant market share throughout the forecast period due to the demand for dynamic coordination and processing on multiple signals at peak traffic
• Based on geography, the Asia Pacific region accounted for the largest market share of around 32% in 2022 as a result of the rapid development of C-RAN architecture to pace up the process of commercialization of 5G network technology in the region

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