Cloud radio access networks to grow at 10.7% CAGR

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 Latin America) - Global forecast to 2022, published by MarketsandMarkets, forecasts a market size of US$1.13 billion by 2022, up from US$681.6 million in 2017. This is a CAGR of 10.7%, with rapid capital expenditure and operational expenditure reduction, as well as 4G and 5G accessibility as major drivers.

The consulting services segment is expected to be the largest contributor to the global C-RAN market during the forecast period. Consulting services are used to provide an enhanced strategic outlook, improve performance efficiency, and transform enterprise business operations. Consulting services help in lowering risks, reducing complexities, and raising the return on investment (RoI), MarketsandMarkets said. These services can be customised, are easily applicable, and deliver maximum product assurance.

The targeted outdoor urban areas deployment venue is expected to show a significant growth rate over the same period. Targeted outdoor urban areas mainly comprise urban locations, which have large numbers of users. Such locations include crowded streets, traffic signals, and areas with a large number of residential or commercial buildings. In order to enhance the existing infrastructure (transforming from Long Term Evolution [LTE] to 5G) by reducing the capital expenditure, the deployment of the centralisation technology is a major step taken by telecom operators.

Some of the major C-RAN vendors are Nokia (Finland), Cisco Systems (US), Samsung Electronics  (South Korea), ZTE (China), Altiostar (US), Ericsson (Sweden), Huawei Technologies (China), NEC (Japan), Fujitsu (Japan), Intel (US), and Mavenir (US).

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