Nokia Corporation commercialized the company’s next-generation Airscale Cloud RAN solution that helps operators to enable flexible end-to-end network slicing, generate revenue from 5G services, and meet IoT requirements.
Fujitsu Network Communications is promoting Open Radio Access Network (Open RAN) technology with meta-connectivity worldwide. Under the deal, Fujitsu will provide 5G Massive MIMO (Multiple Input, Multiple Output) Radio Units (RU) to Evenstar.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3422
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
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.