MarketsandMarkets forecasts the Cloud Radio AccessNetwork (C-RAN) market is expected to grow from USD 681.6 million in 2017 toUSD 1,132.3 million by 2022, at a Compound Annual Growth Rate (CAGR) of 10.7%.With the C-RAN technology, mobile communication functions are turned into VirtualMachines (VMs) to be implemented on general-purpose servers and integrated onthe cloud. Rapid Capital Expenditure (CAPEX) and Operational Expenditure (OPEX)reduction, and 4G and 5G accessibility are the major factors driving the growthof the C-RAN market.
Browse 68 Market Data Tables and40 Figures spread through 131 Pages and in-depth TOC on "Cloud Radio Access Network (C-RAN) Market by Technology(Centralization and Virtualization), Component (Solutions and Services),Deployment Venue, and Region (North America, Europe, APAC, MEA, and LatinAmerica) - Global Forecast to 2022"
Major Key Companies:
The C-RAN market report includes the competitive landscape,which presents the positioning of the 25 key C-RAN vendors, based on theirproduct offerings and business strategies. Some of the major C-RAN vendors areNokia 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), NEC Corporation (Japan),Fujitsu (Japan), Intel Corporation (US), Mavenir (US), and ASOCS Ltd. (Israel).
The North American region is expected to witness the highestCAGR during the forecast period in the C-RAN market. North America, being oneof the most technologically advanced regions in the world, is connected withcomplex networks across all industries in different verticals. The dot-com boomin the early 2000s led to more IT companies and enterprises connecting theirgeographically dispersed assets using complex networks. This region offers themost innovative and fastest services available in the world through its networkinfrastructure.
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On the basis technologies, the C-RAN market is broadlyclassified into virtualization technology and centralization technology. Thevirtualization technology segment is expected to grow at a higher CAGR as wellas have the largest market share during the forecast period. North America hasgained a lot of momentum in C-RAN and related technologies, such asvirtualization, in the form of Network Function Virtualization (NFV). Alongwith this, 5G is also said to be gaining a huge traction, which is consideredto be a very important application.
North America has a high Long Term Evolution (LTE) subscriberbase. Therefore, the demand for high-quality mobile services is high in thisregion, but as the availability of fiber highly impacts C-RAN deployments,operators are expected to increase their spending on fiber in the future.
On the basis of services, the C-RAN market is segmented intoconsulting, planning and implementation, maintenance and support, and training.Within these services, the consulting services segment is expected to grow atthe highest CAGR during the forecast period. Consulting services can becustomized, are easily applicable, and deliver maximum product assurance.Consulting services mainly deal with the critical issues and opportunitiesrelated to strategy, marketing, operations, technology, mergers andacquisitions, and corporate finance. They help enterprises increase businessefficiency, boost performance, reduce cost, and enhance resilience.
On the basis of deployment venues, the C-RAN market issegmented into large public venues, targeted outdoor urban areas, high-densityurban areas, and suburban and rural areas. The large public venues segment isexpected to grow at the highest CAGR during the forecast period. Large publicvenues mainly comprise stadiums, malls, and event spaces. Deploying C-RAN forsuch locations becomes a mandate, as the fronthaul systems installed at theselocations are designed to cater to limited users, but during events, theselocations are flooded with large numbers of users.
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