USD 14.2 billion
Report ID: SQMIG45A2046 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 114 | Figures: 77
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.
Global Market Size
USD 14.2 billion
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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.
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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.
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Cloud Radio Access Network (C-RAN) Market Drivers
Adoption of 5G Services to Improve C-RAN Facilities.
Cloud Radio Access Network (C-RAN) Market Restraint
Bandwidth Issues Pertinent to Create Market Challenges
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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
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.
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.
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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.
|Market size value in 2021||USD 14.2 billion|
|Market size value in 2030||USD 17.21 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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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.
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