Cloud radio access network market is estimated to reach 16.4 billion USD by the end of 2030

Growing network congestion due to the widespread use of smart devices and reduced spectrum supply over the last five years has increased demand for powerful and improved network infrastructure such as C-RAN

Market Highlights

The cloud radio access network market is growing exponentially at a rapid pace over the past few years. The market value is estimated to reach 16.4 billion USD by the end of 2030. The compound annual growth rate (CAGR) is expected to be 35.6% between the years 2022-2030. The cloud radio access network market opportunities allow a network architecture that has simplified networks and centralized control, which reduces the equipment and operational costs. It saves time as well as energy and allows utilizing the spectrum efficiently. Reduced interference and higher data rates increase the demand for the market.

Drivers and Restraints

Growing network congestion due to the widespread use of smart devices and reduced spectrum supply over the last five years has increased demand for powerful and improved network infrastructure such as C-RAN. Thus, Cloud radio access network market technology provides opportunities to reduce the overall cost of ownership and boost network capacity. In addition, steady measures taken by the governments and network operators across various regions for successful 5 G rollout in the coming years are expected to be a major catalyst for C-RAN rollout. 

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Key Players: -

  • Agilent Technologies (U.S.)
  • Alcatel-Lucent S.A. (France)
  • International Business Machines Corporation (U.S.)
  • Intel (U.S.)
  • Ericsson (Sweden)
  • Huawei Technologies Co. Ltd. (China)
  • Hitachi
  • (Japan)
  • Panasonic Corporation (Japan)
  • ZTE Corporation (China)
  • Xilinx Inc. (U.S.)
  • NEC Corporation (Japan)

 

5 G technology is expected to increase the pressure on the existing paradigm of infrastructure and network activity. The architecture of the C-RAN Market uses the small-cell model, which is seen as a promising approach to meeting the 5 G requirements. As a result, increasing steps to check 5 G in countries like China, South Korea, the U.S., and Japan are expected to accelerate the development of the demand for cloud radio access networks. The architecture of the network is on the verge of transition, due to the rising demand for mobile data requirements and the introduction of 5 G technologies. Also, exponentially increasing network traffic and limited availability of spectrum resources are challenging the existing radio network infrastructure. 

Alternatively, the requirement for high bandwidth in the fronthaul link is observed as a significant challenge that is anticipated to impede the cloud radio access network market growth over the forecast period. This could be attained with a fibre optical cable; however, its deployment cost is relatively higher that may prove as an overhead for mobile network providers. 

 

Segmentation:

The segmentation of the cloud radio access network market is conducted based on component, service, and region. Based on component, the market for cloud radio access network comprises of optical transmission network (OTN), baseband unit (BBU), and remote radio head (RRH). Based on the service, the cloud radio access network market is segmented into system integration, network service, and customer service. Based on regions, the cloud radio access network market is segmented into Asia Pacific, the Americas, Europe and Rest of the World.

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Regional Analysis

The geographical overview of the global Cloud radio access network market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world Latin America, the Middle East, and Africa. 

The increasing popularity of smartphones, tablets, and others have driven the market of Cloud Radio Access Network in the Region Asia-Pacific. The Asia-Pacific area is projected to dominate the forecast period in the cloud radio access network market due to the growing investment in network storage space for cloud radio. The study shows that most Asian mobile operators have already been working on cloud radio access network solutions in the RD process. The demand for the Cloud radio access network market is also projected to expand steadily over the forecast period in regions across Europe and Latin America. Increased coverage, increased number of devices available at a wider variety of price points and increasing use of music and video streaming services are only a few factors that cause 4 G services to be adopted. This increased demand for better data is likely to boost the deployment of cloud RAN in the region. 

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