Cloud RAN Market
Trends, Business Overview, Industry Growth and Forecast to 2031

The
global cloud radio access network (C-RAN) market is anticipated to grow at a
significant CAGR during the forecast period (2024-2031). Cloud RAN is a
centralized, cloud computing-based architecture for RAN that enables the
large-scale deployment having collaborative radio technology support coupled
with real-time virtualization capabilities. It uses the latest common public
radio interface (CPRI) standard, coarse or dense wavelength division
multiplexing (CWDM / DWDM) technology, and millimeter wave (mmWave)
transmission for long-distance signals. Some factors driving the market growth
include an increase in network congestion owing to a surge in smartphone usage,
rising data traffic, and 4G & 5G accessibility among end-users. Moreover,
operators are extensively adopting cloud RAN technology to reduce capital
expenditure (CAPEX) and operational expenditure (OPEX) which is further supplementing
the market growth. 

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The
advent of 5G technology across the globe has further escalated the demand for
cloud RAN technology. 5G technology is gaining traction at a rapid pace which
is generating immense demand for cloud RAN during recent years. The growing
demand for high-speed data with low latency and rapidly increasing use of
services and applications that are data-heavy has bolstered the demand for 5G
networks, which in turn, is driving the demand for cloud RAN. The application
of 5G technology extends beyond traditional telecom and mobile internet. Its
application in the industrial sector for usage in self-driving, remote control,
virtual and augmented reality, smart manufacturing, and smart grid boosts the
market growth for 5G.

There
are several industry players operating in the market which are further
influencing the market growth. Some key players operating in the market include
Cisco Systems Inc., Nokia Corp., Huawei Technologies Co., Ltd.,
Telefonaktiebolaget LM Ericsson, and Intel Corp. These players are eyeing to
strengthen their position in the market by adopting various strategies such as
mergers and acquisitions, partnerships, collaborations, new product launch and
development in the existing product portfolio, and so on. For instance, in July
2020, Nokia Corp. announced the collaboration with the US Cellular for the
addition of 5G mmWave capabilities in the 24 GHz and 28 GHz spectrum bands,
which will also include AirFrame open edge solution for Cloud RAN to provide major
benefits which include significant Total Cost of Ownership (TCO) reduction with
the help of simplification automation and operational efficiency gains.

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Market
Coverage

• Segment Covered- 

o             By Component 

o             By Network Type

• Competitive
  Landscape:  Cisco Systems Inc., Nokia Corp., Huawei Technologies Co.,
  Ltd., Telefonaktiebolaget LM Ericsson, and Intel Corp.     

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Cloud RAN Market Report Segmentation

By
Component

•                
Solution

•                
Service

By
Network Type

•                
3G

•                
4G

•                
5G

•                
LTE

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