MarketsandMarkets forecasts the Cloud RadioAccess Network (C-RAN) market is expected to grow from USD 681.6 million in2017 to USD 1,132.3 million by 2022, at a Compound Annual Growth Rate (CAGR) of10.7%. With the C-RAN technology, mobile communication functions are turnedinto Virtual Machines (VMs) to be implemented on general-purpose servers andintegrated on the cloud. Rapid Capital Expenditure (CAPEX) and OperationalExpenditure (OPEX) reduction, and 4G and 5G accessibility are the major factorsdriving the growth of the C-RAN market.
Browse 68Market Data Tables and 40 Figures spread through 131 Pages and in-depth TOC on"Cloud Radio Access Network (C-RAN) Market by Technology (Centralization and Virtualization), Component (Solutionsand Services), Deployment Venue, and Region (North America, Europe, APAC, MEA,and Latin America) - Global Forecast to 2022"
The C-RAN market report includes thecompetitive landscape, which presents the positioning of the 25 key C-RANvendors, based on their product offerings and business strategies. Some of themajor C-RAN vendors are Nokia Corporation (Finland), Cisco Systems, Inc. (US),Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Altiostar(US), Ericsson AB (Sweden), Huawei Technologies Co. Ltd. (China), NECCorporation (Japan), Fujitsu (Japan), Intel Corporation (US), Mavenir (US), andASOCS Ltd. (Israel).
The North American region is expectedto witness the highest CAGR during the forecast period in the C-RAN market.North America, being one of the most technologically advanced regions in theworld, is connected with complex networks across all industries in differentverticals. The dot-com boom in the early 2000s led to more IT companies andenterprises connecting their geographically dispersed assets using complexnetworks. This region offers the most innovative and fastest services availablein the world through its network infrastructure.
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On the basis technologies, the C-RANmarket is broadly classified into virtualization technology and centralizationtechnology. The virtualization technology segment is expected to grow at ahigher CAGR as well as have the largest market share during the forecastperiod. North America has gained a lot of momentum in C-RAN and relatedtechnologies, such as virtualization, in the form of Network FunctionVirtualization (NFV). Along with this, 5G is also said to be gaining a hugetraction, which is considered to be a very important application.
North America has a high Long Term Evolution(LTE) subscriber base. Therefore, the demand for high-quality mobile servicesis high in this region, but as the availability of fiber highly impacts C-RANdeployments, operators are expected to increase their spending on fiber in thefuture.
On the basis of services, the C-RANmarket is segmented into consulting, planning and implementation, maintenanceand support, and training. Within these services, the consulting servicessegment is expected to grow at the highest CAGR during the forecast period.Consulting services can be customized, are easily applicable, and delivermaximum product assurance. Consulting services mainly deal with the criticalissues and opportunities related to strategy, marketing, operations,technology, mergers and acquisitions, and corporate finance. They helpenterprises increase business efficiency, boost performance, reduce cost, andenhance resilience.
On the basis of deployment venues,the C-RAN market is segmented into large public venues, targeted outdoor urbanareas, high-density urban areas, and suburban and rural areas. The large publicvenues segment is expected to grow at the highest CAGR during the forecastperiod. Large public venues mainly comprise stadiums, malls, and event spaces.Deploying C-RAN for such locations becomes a mandate, as the fronthaul systemsinstalled at these locations are designed to cater to limited users, but duringevents, these locations are flooded with large numbers of users.
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