Technological advances in telecommunication fuel the Global Cloud Radio Access Network Market


Posted August 21, 2018 by Donald131

In the year 2016, Global Cloud Radio Access Network Market was valued at USD 594.3 Million . By the year 2025, it is expected to reach USD 1,004.1 Million at an increasing CAGR of 5.3%.

 
Cloud radio access network or C-RAN is an advanced way of cellular network architecture. C-RAN is a wireless communication technology which is mainly used in mobile network infrastructure that supports 2G, 3G and 4G networks. Currently, there is an increase in demand for mobile network, which requires multiple base stations to cater the user needs that will be more complex to manage and extremely expensive to deploy. Cloud radio access network (C-RAN) architecture provides solution by centralizing the base stations, and thus offers a cooperative solution between multiple operators.

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Underlying Causes

The Global Cloud Radio Access Network Market is mainly driven due to the factors like rising technology advancement in telecommunication sector, increasing number of smartphones and tablets across the globe, increasing investments for implementing of C-RAN architecture, simplification of the network operations & management, increase in adoption of cloud-based technologies and innovative service offering from telecom operators. However, high investment associated with the adoption of cloud-based technologies and high-cost of optical fiber are the restraining factors which may affect the market growth for Global Cloud Radio Access Network (C-RAN) Market during the forecast period.

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Geographic Segmentation:

Based on geography the Cloud Radio Access Network Market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific regions holds the largest market share for Global Cloud Radio Access Network (C-RAN) Market due to stringent initiatives taken by the government and increasing network operators across the countries like India, Japan and China and increasing smartphones, and tablets. North America is the second largest market for C-RAN which is anticipated to grow rapidly during the forecast period.

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Key Players:

Leading companies for Global Cloud Radio Access Network Market are Cisco Systems, Inc., Intel Corporation, Nokia Corporation, Ericsson AB, Agilent Technologies, Inc., Actix International Limited, Hitachi Data Systems Ltd., Telco Systems, Aricent Inc., Ceragon Networks Ltd., ZTE Corporation, and Huawei Technologies Co., Ltd.

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Issued By Scoot
Country India
Categories Advertising
Tags cloud radio access network market
Last Updated August 21, 2018