Cloud RAN Market Forecasts to 2028 – Global Analysis By Technology (Centralized Technology, Virtualized Technology and Other Technologies), Component (Services, Solutions and Other Components), Deployment, Network Type , End User and By Geography

Cloud RAN Market Forecasts to 2028 – Global Analysis By Technology (Centralized Technology, Virtualized Technology and Other Technologies), Component (Services, Solutions and Other Components), Deployment, Network Type , End User and By Geography

According to Stratistics MRC, the Global Cloud RAN Market is accounted for $13.9 billion in 2022 and is expected to reach $54.1 billion by 2028 growing at a CAGR of 25.4% during the forecast period. Modern mobile network architectures like the cloud radio access network can support operators in a number of ways as they try to meet the rising needs of end users. The main objective of C-RAN is to transfer the quick wireline transmission of data in quadrature and in phase while pooling numerous base stations' baseband units (BBUs) into a baseband unit pool that is centrally situated for statistical multiplexing gain. C-RAN enables baseband resource cost savings and energy-efficient network operation.

According to Cisco’s Visual Networking Index, global mobile traffic is estimated to reach an annual run rate of 930 exabytes. The report also states that average traffic per user is projected to be 13.3 GB per month by 2022.

Market Dynamics:

Driver:

Increase in the demand for 5G network technologies

To improve their service capabilities, many telecommunications companies are introducing 5G services. It should provide high bandwidth with minimal latency. It satisfies a variety of networking needs, including users with high capacity, which ultimately causes enormous connection issues. Need for Cloud RAN network solutions and services are anticipated to rise in response to the increased need for 5G network technology.

Restraint:

Need for high fronthaul capacities

It is still difficult to achieve the best baseband unit pool assignability and cell clustering with the least amount of overhead and the most gain. One baseband unit pool should be able to support the most send and receive channels while minimising fronthaul overhead and delay. As a result, baseband unit assignment and such clustering in the systems continue to be difficulties.

Opportunity:

Increase in the number of internet users

Rapidly expanding internet connectivity has given telecom service companies a fresh chance to boost their profits. The accessibility of 4G and 5G is improved by the ongoing progress of wireless and telecommunication technology. Additionally, it is projected that the market demand would be fueled by the rising network congestion and the growing need for energy efficient and cost-effective power resources.

Threat:

Security threats

Wireless architectures are susceptible to new threats because of their open broadcast nature, such as unauthorised or illegal access to sensitive data. Attacks from the standpoint of the open systems interconnection network protocol architecture might occur at several layers. Due to its transmission and self-deploying nature, network architecture, which is relatively new, faces more serious security concerns, which is impeding industry growth.

Covid-19 Impact

The market has benefited from COVID-19 during the pandemic. The demand for internet channels and services has increased due to the emergence of the new corona virus. The epidemic has significantly altered the digital landscape. Some of these include maintaining network data security, making sure operations continue, adapting to new traffic patterns, and ensuring the calibre of vital services. The availability of robust security frameworks led to an increase in demand for cloud radio access networks.

The services segment is expected to be the largest during the forecast period

The services segment is estimated to have a lucrative growth, due to enhance demand for consultancy, maintenance services, design, and development. Service providers are making significant investments in R&D and concentrating on product development to increase their market share. Telecommunications network providers are focusing their efforts on enhancing the 5G network while aiming for overall network development. Furthermore, industry expansion is anticipated to be fuelled by the accelerating pace of technological advancements.

The 5G segment is expected to have the highest CAGR during the forecast period

The 5G segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rapidly expanding data traffic and energy consumption. Operators are focusing on using upgraded technology to reduce energy costs and offer better coverage. Increased cell backhaul capacity is one of the key changes that have been implemented, and this is what is driving the segment's growth.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the constant rise in mobile data traffic. The actual opportunity for deployments in the area is concentrated in areas with lots of fibre accessible for transit. Due to the fact that the installations depend heavily on the availability of fibre, this in turn presents enormous prospects for manufacturers.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the key players are introducing new 5G New radio solutions. To improve IoT, driverless vehicles, and other cutting-edge technology performance, the region is making significant efforts to build 5G. To prepare the framework for 5G, the network operators in the area are investing heavily and performing C-RAN architectural testing in key locations.

Key players in the market

Some of the key players profiled in the Cloud RAN Market include Huawei Technologies Co., Ltd, Cisco Systems, Inc., Samsung Electronics Co Ltd., Nokia Corporation, ZTE Corporation, NEC Corporation, FUJITSU, ASOCS Ltd, Altiostar, Ericsson AB, Intel Corporation and HRMavenir Systems,Inc.

Key Developments:

In November 2020, Ericsson in collaboration with Telia, a Swedish telecommunication service provider, announced the introduction of 5G in Estonia. Both companies would use resources from Ericsson Radio System and hardware produced locally.

In June 2020, Nokia Corporation announced a 5G AirScale CloudRAN solution based on vRAN 2.0. The solution allows the operators to generate revenue from fifth-generation wireless services and enables end-to-end network slicing, address IoT requirements, and bring capabilities of cloud computing to the radio access network.

Technologies Covered:
• Centralized Technology
• Virtualized Technology
• Other Technologies

Components Covered:
• Services
• Solutions
• Other Components

Deployments Covered:
• Outdoor
• Indoor

Network Types Covered:
• 5G
• 4G
• 3G

End Users Covered:
• Enterprises
• Telecom Operators
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements