The global cloud radio access
network (C-RAN) market was valued at USD 8.5 billion in 2019,
growing at a CAGR of 20.0% during the forecast period. Key players in the
global C-RAN market are regularly focusing on new product development,
partnerships, and collaborations to sustain and attain a competitive edge in
the market. Further, mergers & acquisitions are other key strategies
adopted by the players in the ecosystem. For instance, in 2019, Rakuten
announced a strategic partnership with Altiostar to enhance its product
portfolio across LTE and 5G technologies.
5G
and LTE networks are expected to account the larger market share in 2019
On the basis of network type, the
C-RAN market is subdivided into 3G, and LTE & 5G. Among these, 5G and LTE
networks held a larger share in the C-RAN market in 2019. Rapid growth in the
communication traffic in terms of data and calls leads to increased power
consumption at the network operator level. This acts as an opportunity for
C-RAN technology which provides lower power consumption, improved coverage, and
virtualization in terms of traffic management.
Geography
Insight
Geographically, North America
held the largest share in the global cloud radio access network (C-RAN) market
in 2019, owing to the high adoption rates. Besides, the region is connected
with complex networks across the industries in diverse verticals, this will
further upsurge the growth of the C-RAN market in years to come.
Competitive
Insight
Some of the key players operating
in the global cloud radio access network (C-RAN) market are 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.
