The global C-RAN architecture market is estimated to garner a sizeable revenue by growing at a CAGR of ~23% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing network congestion as a result of high usage of smart devices, and rise in adoption of cloud-based deployments by various end users. The total number of smart phone users were more than 5,600 in 2019, which grew up to approximately 6,050 users in 2020. In 2025, this number is calculated to cross more than 7,300 users. Along with these, increasing implementation of centralized baseband technology for enhancing network performance, and escalating convenience to 4G and 5G connectivity are also expected to drive growth to the market in the forthcoming years. Furthermore, reduction in charges associated with capital expenditure (CAPEX) and operational expenditure (OPEX) and increase in the usage of wireless devices are expected to offer profitable growth opportunities to the market in the near future.
The market is segmented by end user into IT & Telecommunication, enterprises, BFSI, and government, out of which, the enterprises segment is anticipated to hold the largest share in the global C-RAN architecture market on account of the increasing number of enterprises using C-RAN for the deployment of in-building network solution to provide improved capacity and coverage. Additionally, on the basis of network type, the 4G segment is predicted to grab the largest share during the forecast period, which can be ascribed to the higher backhaul capacity of 4G to cells. Apart from these, introduction of several new developments in 4G technologies such as increasing the capacity of air interference between user equipment and towers, is also assessed to drive growth to the market segment in the future. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global C-RAN architecture market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness the highest growth over the forecast period on the back of the rising mobile data traffic, growing investments in the telecom industry, and rapid increase in the adoption of technologies, such as IoT and advanced analytics, in the region. The internet traffic in Asia Pacific was approximately 28 exabytes per month in 2017, which rose up to about 75 exabytes per month by the end of the year 2020. Moreover, the market in Europe is also expected to witness a robust growth during the forecast period owing to the surge in rollout of 5G networks, rise in developments in LTE infrastructure, and growing usage of video and music streaming applications in the region. In addition, improved 4G coverage across the European continent is also projected to boost this region’s market growth in the coming years.
The global C-RAN architecture market is further classified on the basis of region as follows:
Our in-depth analysis of the global C-RAN architecture market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major growth drivers for the market are growing network congestion resulting from high usage of smart devices and rising adoption of cloud-based deployments.
The market is anticipated to attain a CAGR of ~23% over the forecast period, i.e., 2022 – 2030.
Growing need for high fronthaul capacity is estimated to hamper the market growth.
Asia Pacific will provide more opportunities for market growth owing to the rising mobile data traffic and growing investments in the telecom industry in the region
The major players in the market are Nokia Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Intel Corporation, Telefonaktiebolaget LM Ericsson, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by network type, architecture, service, end user, and by region.
The 4G segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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