PUBLISHER: SkyQuest | PRODUCT CODE: 1244227
PUBLISHER: SkyQuest | PRODUCT CODE: 1244227
Global Cloud Radio Access Network (C-RAN) Market was valued at USD 9.2 billion in the year 2021, and it is expected to reach USD 11.30 billion by 2028, at a CAGR of 22.9% over the forecast period (2022-2028).
Global Cloud Radio Access Network (C-RAN) market refers to the consumption and production of cocoa and chocolate products in the Asia Pacific region. The Asia Pacific region includes countries such as China, India, Japan, South Korea, Australia, and New Zealand, among others. Top-down and bottom-up approaches were used to estimate and validate the size of Global Cloud Radio Access Network (C-RAN) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in report
The global cloud radio access network (c-ran) market is segmented based on component, architecture, deployment, network type and region. Based on component it is segmented into infrastructure, software, services. Based on architecture it is segmented into: centralized architecture, virtual cloud-RAN architecture. Based on deployment it is bifurcated into indoor deployment, outdoor deployment. Based on network type it is segmented into LTE & 5G, 3G. Based on region, it is categorized into: North America, Europe, Asia-Pacific, South America, and Middle East Africa.
Driver
In response to the need for enhanced service capabilities, many telecom companies are adopting 5G services. This trend is expected to continue in the coming years, with a rapid adoption of 5G services in various regions. As a result, there will be increased investment in C-RAN to compete for dominance in 5G delivery. The benefits of 5G, such as high bandwidth and low latency, will attract massive capacity users, resulting in connectivity issues that must be addressed. To reduce the Total Cost of Ownership (TCO), spectrum and network resources must be effectively utilized. As a result, there will likely be a surge in demand for C-RAN network solutions and services due to the growing demand for 5G network technology.
Restrain
The limited bandwidth poses a significant challenge for C-RAN, and fronthaul connectors, which connect BBU and RRU, are a particular concern. The Common Public Radio Interface (CPRI) is the primary interface for transmitting digitized radio signals between BBUs and RRUs. Optical fibers are the preferred technology for enhancing bandwidth due to the growing demand for CPRI data rates. As a result, CPRIs are the frontrunner in fronthaul solutions for the present context.
Trends
Meeting the increasing customer expectations for low latency, high bandwidth, and more uptime is a significant challenge for telecom players to remain competitive in the market. The increased internet connectivity around the world, however, presents a new opportunity for telecom service providers to increase revenue. Telecom industry players are making significant investments to seize this new opportunity. The C-RAN industry is expanding due to the growing infrastructure investments by telecom companies. The need for C-RAN is expected to increase as internet users continue to expand, which is likely to happen significantly in the following years.