Now, people not only want high-speed network connectivity at their home, but essentially wherever they are, be it a stadium, shopping mall, railway station or airport, or any other public place. Though traditional RAN is available with telecom firms, it is only suitable for offices and houses, not for larger spaces. As such public places witness a huge footfall at any given time, and most of the people want to access the internet from their phones, the requirement for high bandwidth, frequency, and network capacity naturally goes up. As all such problems find a solution in cloud, the usage of C-RAN is rising sharply.

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Coming to the worldwide scenario, North America displays the widest adoption of this technology, as a result of the deep penetration of 5G. In a blog written by Niklas Heuveldop, the President and CEO of Ericsson North America, the continent would have around 150 million 5G subscribers by 2023. Within the continent, the C-RAN market in the U.S. has been larger, and it will continue being so in the coming years.

It is because telecom companies in the country are engaged in robust research and development and investing heavily for bringing as much of the country as possible within the C-RAN network.vWith a rising number of people making smartphone a part of their daily life, the C-RAN market is on track to reach $2,159.2 million, in value, by 2024, from merely $936.3 million in 2018, at a CAGR of 15.9% during 2019–2024 (forecast period).

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Also expanded as centralized radio access network, C-RAN offers comprehensive support to the radio technology, by providing virtualization in real time and allowing for deployment on a large scale. Powered by the cloud technology, RAN helps reduce the installation of physical equipment, but only raises the service quality. Hence, as the popularity of 5G surges, thereby pushing the requirement for network bandwidth and capacity, network service providers would rapidly integrate C-RAN to not only make it a reality, but also reduce their operational costs.