NEW YORK, April 20, 2020 (GLOBE NEWSWIRE) -- 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.
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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 the 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.
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Key Takeaway from the Report:
- Among all the architecture type, centralized-RAN architecture segment captures highest market share in 2019.
- Of all the network type, 5G and LTE networks held the larger share in the C-RAN market in 2019.
- Among all the component, the infrastructure segment accounted for the largest share in C-RAN market in 2019.
- Among all the deployment model, outdoor segment constitutes the largest market share in C-RAN market in 2019.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global cloud radio access network (C-RAN) market on the basis of architecture type, network type, component, deployment model, and region.
Global Cloud Radio Access Network (C-RAN) Market Coverage
Architecture Type Insight and Forecast 2015 – 2025
- Centralized-RAN
- Cloud/Virtualized RAN
Network Type Insight and Forecast 2015 – 2025
- 3G
- LTE & 5G
Component Insight and Forecast 2015 – 2025
- Infrastructure
- Remote Radio Units
- Baseband Units
- Fronthaul
- Software
- Services
- Consulting
- Design & Deployment
- Maintenance & Support
- Others
Deployment Model Insight and Forecast 2015 – 2025
- Indoor
- Outdoor
Geographical Segmentation
Cloud Radio Access Network (C-RAN) Market by Region
North America
- By Architecture Type
- By Network Type
- By Component
- By Deployment Model
- By Country – U.S., Canada, and Mexico
Europe
- By Architecture Type
- By Network Type
- By Component
- By Deployment Model
- By Country – Germany, U.K., and Rest of Europe
Asia-Pacific (APAC)
- By Architecture Type
- By Network Type
- By Component
- By Deployment Model
- By Country – China, Japan, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Architecture Type
- By Network Type
- By Component
- By Deployment Model
- By Country – Brazil, and Other Countries
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