PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340655
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340655
The global V-RAN market is projected to grow at a CAGR of 31.86% to reach US$4,337.05 million by 2028 from US$824.949 million in 2022.
As a solution that is future-proof and satisfies evolving network technology needs, vRAN offers a number of advantages. Virtualizing network tasks also reduces the CAPEX and OPEX costs associated with network deployment and operation. These can be influenced by the two following important and operator-attractive benefits of virtualization: (1) operation on the common platform instead of dedicated hardware and (2) implementation with software-based cloud technology.
The end-to-end single uniform platform can provide substantial advantages for operators across the core network, CU, DU, and edge applications such as mobile edge computing (MEC), resulting in increased synergies and an improved return on investment for vRAN. For instance, Samsung's completely virtualized 5G end-to-end solutions, which include virtualized core, vCU, and vDU, can offer operator and industry cloud-based network solutions on a cloud platform.
The software-based virtualized cloud technology provides the operator the flexibility to add new features and deploy them to a system as needed. This dynamically modifies network resources when required to handle unexpected traffic spikes better. Additionally, any unused resources at a particular site can be used by other sites in a computing cloud, which lowers the cost of baseband processing for each radio site and boosts the effectiveness of the operator's complete infrastructure.
VRAN offers a unified hardware platform across the core network. It aids in the simplification of overall network management while also lowering operating and maintenance costs.
Companies in the virtualized RAN (vRAN) market have been inventing solutions that segregate network operations from processing hardware to assist end users save money on network maintenance. Furthermore, this allows several suppliers to operate their RAN network functionalities on a single piece of hardware at the same time. For instance, Samsung has a cloud-native, fully virtualized RAN. It liberates operators from static hardware-bound networks enabling flexible software-centric networks. Its benefits include efficient management, flexible network architecture, and scalable rollouts. Samsung vRAN also ensures powerful performance, high reliability, and time-stringent processing similar to traditional RAN.
Furthermore, according to Samsung, a 13% reduction in total cost ownership can be observed with V-RAN.
By architecture, V-RAN is divided into CU, DU, and RU. DU will hold a major proportion in volume terms during the projected period, owing to its important positioning in baseband deployment. To achieve the lowest latency, the industry has concluded that the lower-level interface connecting RU and DU (fronthaul) should be eCPRI. The fronthaul latency is limited to 100 microseconds. A single DU may serve RUs located several kilometers away.
The global V-RAN market includes some major countries such as the USA, Japan, South Korea, China, and Germany. Various developments can be witnessed by some of the major players, with a couple of them listed below.
Some of the leading players in the market include Ericsson, Verizon, and Samsung. These firms have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,
The global V-RAN market has been analyzed through the following segments.
List is not exhaustive