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Cloud Radio Access Network (C-RAN) Market Analysis

Report ID: GMI6327
Published Date: Jul 2023
Report Format: PDF

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Cloud Radio Access Network (C-RAN) Market Analysis

Cloud Radio Access Network Market, By Component,

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The solution segment accounted for 60% of the cloud radio access network market share in 2023. C-RAN enables more efficient 5G deployment, enhancing network capacity and coverage. These solutions offer cost savings through centralized baseband processing, reducing equipment expenses and operational costs. The scalability and network virtualization capabilities of C-RAN make it an attractive choice for handling increasing data traffic and supporting emerging technologies like IoT and edge computing. Besides, the ability to implement advanced antenna technologies and network slicing further bolsters the appeal of C-RAN solutions in meeting diverse user requirements.

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The centralized segment held around 70% of the cloud radio access network market share in 2022. The popularity of centralized C-RAN (Cloud-RAN) technology is driven by its ability to optimize 5G network deployment and performance. By centralizing baseband processing, C-RAN reduces operational costs, improves resource utilization, and enhances spectral efficiency. The technology's flexibility and scalability cater to the growing demand for data-intensive applications and emerging technologies. Additionally, centralized C-RAN enables operators to implement advanced antenna technologies and network slicing, providing a future-proof and customized network experience for users.

U.S. Cloud Radio Access Network (C-RAN) Market Size

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The North America C-RAN market was over 30% of the revenue share in 2022. The region's rapid adoption of 5G technology has increased the demand for efficient and scalable network solutions like C-RAN. Secondly, the presence of major telecom players, such as Verizon and AT&T, investing in C-RAN infrastructure has bolstered market growth. To illustrate, AT&T is deploying C-RAN in its 5G network, which is expected to cover 50 million people by 2024. Additionally, the surge in data-intensive applications and IoT deployments has further accelerated the adoption of C-RAN in North America.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud radio access network (C-RAN) was reached USD 9.6 billion in 2022 and is set to witness over 20% CAGR from 2023 to 2032, due to the accelerating 5G deployment worldwide.

The solution component segment held over 60% of the market share in 2022, driven by the rising need for more efficient 5G deployment for enhancing network capacity and coverage.

North America market accounted for over 30% of the revenue share in 2022, owing to the strong presence of major telecom players, such as Verizon and AT&T.

Some of the major cloud radio access network companies include Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, Huawei Technologies Co., Ltd, Mavenir Systems, Inc., NEC Corporation, Samsung Electronics Co., Ltd., Nokia Corporation, and ZTE Corporation.