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Global Cloud Radio Access Network (C-RAN) Market

Global Cloud Radio Access Network (C-RAN) Market Size, Share, Growth Analysis, By Component(Infrastructure, Software), By Network Type(LTE & 5G, 3G), By Deployment(Indoor Deployment, Outdoor Deployment), By Architecture(Centralized Architecture, Virtual Cloud-RAN Architecture) - Industry Forecast 2023-2030


Report ID: SQMIG45A2046 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 114 | Figures: 77

Global Cloud Radio Access Network (C-RAN) Market Insights

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).

The C-RAN enables network operators to deliver dedicated virtual networks over shared network infrastructure with functionalities tailored to customer demands. The small-cell paradigm, which is used by the C-RAN architecture is perceived as a promising strategy for addressing the 5G standards. It is projected that the development of 5G will increase the burden on existing infrastructure and network operation models. Additionally, it gives more information about how network resources are being used with each customised network that reflects the complexity of delivery demanded by supported services.
Reusing existing infrastructure, streamlining network operations and management, pooling resources, and consuming less energy are some of the additional advantages of the CRAN. Particularly in low-latency network scenarios, C-RAN is advantageous. Additionally, there is no need to replace the transportation network.

The market is expanding as a result of the expanding use of centralised baseband technology to improve network performance in traffic hotspots such offices, stadiums, city squares, and commuter hubs with high population density per wireless network node. 
It is anticipated that a considerable rate of virtual/Cloud-RAN technology adoption will increase network demand by reducing mobile network operators' capital costs through the use of network function virtualization (NFV).

US Cloud Radio Access Network (C-RAN) Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 14.2 billion

Largest Segment

Indoor Deployment

Fastest Growth

Indoor Deployment

Growth Rate

21.20% CAGR

Global Cloud Radio Access Network Market2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Cloud Radio Access Network Market Size By Deployment 2022-2028 ($ Bn)
Global Cloud Radio Access Network Market Size By Deployment 2022-2028 (%)

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Global Cloud Radio Access Network (C-RAN) Market Segmental Analysis

The global cloud radio access network (c-ran) market is segmented based on component, architecture, deployment, network type and region. Based on component, the market is segmented into infrastructure, software, services. Based on architecture the market is segmented into: centralized architecture, virtual cloud-RAN architecture. 
Based on deployment, the market is bifurcated into indoor deployment, outdoor deployment. Based on network type it is segmented into LTE & 5G, 3G. Based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Cloud Radio Access Network (C-RAN) Market Analysis by Architecture

The C-RAN market has been divided into two categories based on architecture: centralized-RAN and virtualized/Cloud RAN. Due to advancements in wireless, optical, and IT communication technologies, centralised radio access networks continue to hold a prominent position. 
To relay baseband signal over long distances, it, for example, uses the most recent CPRI standard, dense wavelength division multiplexing, and mMwave. These data centres can conduct substantial processing that is challenging in the current networks, and they have efficient information exchange capabilities. Cloud C-RAN makes use of a hybrid of virtualization and centralization because it is feasible to virtualize after centralization is accomplished. As a result, all enterprises have already finished or begun the process of centralising in order to move to C-RAN. There are significant advantages with the deployment of centralised base stations.

The virtualized/cloud RAN segment is also anticipated to grow quickly over the projection period, which can be ascribed to the wireless telecom industry's increased use of SDN and NFV technology. Asia Pacific continues to hold the top spot and is predicted to grow at a CAGR of 30% during the projection period. It is projected that the virtualization of the radio access network will make it easier for the carrier to get ready for 5G while also increasing the bandwidth requirements. For instance, by using a collection of baseband units, a 5G base station can theoretically increase a system's capacity and efficiency. The placing of novel features that maximise the resource and improve the end user experience is made simpler by the sharing of signalling between cells.


Cloud Radio Access Network (C-RAN) Market Analysis by Component

The cloud radio access network market can be divided into infrastructure, software, and services based on its components. The largest market share belonged to infrastructure, which was valued at USD 8.7 billion in 2022. Due to the quick adoption of radio technology and architecture to satisfy the 5G needs, the segment would achieve a greater revenue share by 2030.

Due to the rising demand for NFV solutions for radio access network visualisation to optimise the larger and smaller carrier functions, which is further predicted to drive the growth in the near future, the software category held the second-largest market share in 2022. Additionally, increasing investments made by mobile operators for efficient deployment are anticipated to support segment growth.
The service segment, however, is anticipated to hold its position during the projected period. The use of C-RAN architecture by mobile operators is predicted to enhance demand for consultancy, maintenance services, design, and development.

Cloud Radio Access Network (C-RAN) Market Analysis by Network Type

The market is divided into LTE & 5G and 3G services based on the kind of network used. The LTE & 5G category among them had the largest revenue share in 2022, totaling more than USD 8.2 billion. Network operators now face a greater financial burden as a result of the rapidly expanding data traffic and energy consumption. In order to lower energy costs and provide better coverage, operators are concentrating on deploying improved technologies. 

Several significant modifications have been made as a result of LTE and 5G, including increased cell backhaul capacity, the deployment of RRUs on towers, and centralised BBUs. Multiple Input Multiple Output (MIMO) antennas have been deployed in order to increase the potential for air interference between towers and user equipment (UE). The maximum fibre link distance for C-RAN architectures based on LTE systems is 20 km between RRUs and BBUs. However, it is anticipated that the emergence of 5G will pose technological and operational hurdles to the current network architecture. Due to several standard revisions and intricate interfaces, current mobile networks are not flexible enough to handle 5G services. Instead, they are built to meet the requirements for voice and traditional mobile broadband services.

Global Cloud Radio Access Network Market By Deployment 2021 (%), 2021 (%)

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Global Cloud Radio Access Network (C-RAN) Market Regional Insights

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.

APAC seems to hold great potential for C-RAN deployments due to the region's significant spending in the C-RAN industry and the ongoing increase in mobile data traffic. The telecom industry has been seeing significant expenditures as a result of the shift in attitude from traditional RAN architectures to C-RAN architectures, which appears to be broadening the application of C-RAN. The main possibility for C-RAN deployments in the APAC region is concentrated in areas with a large supply of transportable fibre. As fibre accessibility is a crucial prerequisite for C-RAN deployments, this in turn presents enormous prospects for C-RAN manufacturers.

Global Cloud Radio Access Network Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

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Global Cloud Radio Access Network (C-RAN) Market Dynamics

Cloud Radio Access Network (C-RAN) Market Drivers

Adoption of 5G Services to Improve C-RAN Facilities.

  • 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.
  • The market is expected to expand as a result of rising demand for centralised baseband technology that improves network performance in high network traffic regions such city squares, workplaces, computer hubs, and stadiums. Additionally, it is predicted that increasing adoption of cloud-RAN to lower network operators' capital expenditure will fuel market expansion.

Cloud Radio Access Network (C-RAN) Market Restraint 

Bandwidth Issues Pertinent to Create Market Challenges

  • The bandwidth problem is a significant obstacle for C-RAN recognition. BBU and RRU connections are known as fronthaul connectors. Common Public Radio Interface (CPRI), which transmits digitised radio broadcasts as input/output samples, is the most popular interface between BBUs and RRUs. 
  • The optical fibres are mostly employed for the bandwidth technology as a result of an increase in demand for the CPRI data rate. 

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Global Cloud Radio Access Network (C-RAN) Market Competitive Landscape

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.

Top Players in the Cloud-Radio Access Network (C-RAN) Market

  • 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.

Cloud Radio Access Network (C-RAN) Market Recent Developments

  • 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.

Global Cloud Radio Access Network (C-RAN) Key Market Trends

  • 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. 
  • Scalability: The need for C-RAN is anticipated to increase as internet users continue to expand and are likely to do so significantly in the following years.

Global Cloud Radio Access Network (C-RAN) Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to the global cloud radio access network market report analysis, by architecture, the centralised segment was estimated to have the largest share of the market due to advancements in wireless, optical, and IT communication technologies. By component, the infrastructure segment held the largest share of market. Region-wise, the Asia Pacific dominated the market, followed by North America.

Report Metric Details
Market size value in 2021 USD 14.2 billion
Market size value in 2030 USD 97.12 billion
Growth Rate 21.20%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Infrastructure, Software, Services
  • Network Type
    • LTE & 5G, 3G
  • Deployment
    • Indoor Deployment, Outdoor Deployment
  • Architecture
    • Centralized Architecture, Virtual Cloud-RAN Architecture
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 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.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cloud Radio Access Network (C-RAN) Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cloud Radio Access Network (C-RAN) Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cloud Radio Access Network (C-RAN) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cloud Radio Access Network (C-RAN) Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cloud Radio Access Network (C-RAN) Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cloud Radio Access Network (C-RAN) Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

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).

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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