Cloud Radio Access Network (C-RAN) Market Updates

Global Cloud Radio Access Network (C-RAN) Market size was valued at USD 17.2 billion in 2023 and is poised to grow from USD 20.85 billion in 2024 to USD 97.06 billion by 2032, growing at a CAGR of 21.2% during the forecast period (2025-2032).

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. 'Huawei Technologies (China) ', 'Ericsson (Sweden) ', 'Nokia Networks (Finland) ', 'Cisco Systems (United States) ', 'Samsung Electronics (South Korea) ', 'ZTE Corporation (China) ', 'Intel Corporation (United States) ', 'NEC Corporation (Japan) ', 'Fujitsu (Japan) ', 'Qualcomm Technologies (United States) ', 'Hewlett Packard Enterprise (HPE) (United States) ', 'Broadcom (United States) ', 'Viavi Solutions (United States) ', 'Juniper Networks (United States) ', 'Amdocs (United States) ', 'Rakuten (Japan) ', 'Comba Telecom (China) ', 'Airspan Networks (United States)'

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.