New York,USA, Sept. 20, 2021 (GLOBE NEWSWIRE) -- According to the report published by Research Dive, the global C-RAN market is expected to generate a revenue of $1,610.9 million by 2026, exponentially growing at a CAGR of 10.4% during the forecast period (2019-2026). The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Dynamics of the Market
Drivers: Centralized baseband technology is extensively used to enhance network efficiency in traffic hotspot regions like malls, offices, stadiums, and so on, which is expected to drive the growth of the market during the forecast period. In addition, rising adoption of tablets and smart phones among people around the globe, along with the increasing broadband access is further expected to bolster the growth of the market in the analysis period.
Restraints: Stringent restrictions and policies imposed by the governments in order to abide by the security guidelines are expected to impede the growth of the market during the forecast period.
Opportunities: Persistent technological advancements in C-RAN across the globe is expected to create massive opportunities for the growth of the market during the projected timeframe.
Segments of the Market
The report has divided the market into various segments based on technology, component, network type, deployment venue, and region.
Technology: Centralization Technology Sub-segment to be Most Profitable
The centralization technology sub-segment is expected to generate a revenue of $837.7 million during the forecast period. Technological enhancements provided for communication, optical and wireless systems is expected to drive the growth of the sub-segment during the forecast period.
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Component: Services Sub-segment to be Most Beneficial
The services sub-segment is expected to generate a revenue of $786.1 million during the forecast period. Enormous investments done on R&D and product development by the service providers is expected to bolster the growth of the sub-segment during the forecast period.
Network Type: 5G Network Sub-segment to Have the Largest Market Share
The 5G network sub-segment is anticipated to generate a revenue of $161.1 million during the forecast period. 5G network can effectively aid in reducing cost, offer an impeccable coverage, and a receptive traffic management system. These factors are expected to accelerate the growth of the market during the forecast period.
Deployment Venue: Large Public Venues Sub-segment to be Most Lucrative
The large public venues sub-segment is expected to generate a revenue of $483.3 million during the forecast period. Large public venues include malls, stadiums, etc. which can accommodate a large number of users, making it ideal for the deployment of C-RAN in these locations. This factor is expected to fuel the growth of the sub-segment during the forecast period.
Region: Asia-Pacific Region to Dominate the Market
The Asia-Pacific region is expected to generate a revenue of $425.3 million during the forecast period. Surging demand for enhanced mobile services, and increasing implementation of 5G network technology in this region are expected to bolster the growth of the regional market during the forecast period.
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Key Players of the Market
The prominent players of the market include
- ZTE Corporation
- NEC Corporation
- Nokia
- Cisco Systems, Inc.
- SAMSUNG
- Intel Corporation
- ASOCS Ltd
- FUJITSU
- Huawei Technologies Co. Ltd
- Telefonaktiebolaget LM Ericsson
and many more. These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.
For instance, in March 2021, AT&T, the world’s largest telecommunications company, and Nokia, a multinational information technology, telecommunications, and consumers electronics company, successfully achieved an end-to-end L3 data call over fully virtualized Cloud RAN. The over-the-air call was done by using Nokia’s next generation vRAN2.0 with virtualized Distributed Unit (vDU) and virtualized Centralized Unit (vCU). Testing included different data transfer profiles such as web surfing, video playback, and network speed test measurements.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
In Addition, the report having some numorus point about the leading Business Manufactures, Like, SWOT analysis, Product Portfolio, Finanical Status - Inquire to Get access for Detailed Top Companies Development Strategy Report
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