C is the main feature of C-RAN that stands for “Clean, Centralized processing, Collaborative radio, and a real-time Cloud Radio Access Network”.The global cloud radio access network (C-RAN) market is anticipated to grow at 18.0% CAGR during the projected period 2021-2027 owing to the rising growth in capital expenditure, decrease in operational expenditure, and the rising demand for energy-efficient and cost-effective power resources. The C-RAN technology is widely adopted in various applications such as optical and IT communication system, wireless technology, etc.

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The mounting development of wireless and telecommunication technology enhances 4G and 5G accessibility and increasing network congestion owing to wide use in smart devices and limited spectrum availability will propel the growth of the global C-RAN market.

The COVID-19 outbreak has enabled enterprises to focus on understanding the role of automation and digitalization, resulting in having a considerable impact on C-RAN market.

Based on architecture type, the cloud-RAN is anticipated to have a faster pace as it is a combination of virtualization and centralization. It reduces maintenance cost of virtual BBUs as data centers exchange efficient information and performs extensive computation.

Asia-Pacific is anticipated to grow at a higher CAGR owing to expenditure in the C-RAN Market. The is deployment of C-RAN architecture so as commercialize 5G in countries like China, South Korea, and Japan and constant increase in mobile data traffic in the region.

The Prominent plyers in the C-RAN industry include Nokia Corp, Cisco Systems, Inc., Samsung Electronics Co Ltd, ZTE Corp, Altiostar, Telefonaktiebolaget LM Ericsson, NEC Corporation, Huawei Technologies Co., Ltd., Fujitsu, Intel Corporation, and ASOCS Ltd.

Source: VynZ Research