Home > Semiconductors & Electronics > Telecom and Networking > Telecom Software > Cloud Radio Access Network (C-RAN) Market

Cloud Radio Access Network (C-RAN) Market Trends

Report ID: GMI6327
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Cloud Radio Access Network (C-RAN) Market Trends

The exponential growth in data traffic and the demand for high-bandwidth services have necessitated more efficient and scalable network solutions like CRAN. World Bank predicted yearly total internet traffic to reach 4.8 zettabytes, equivalent to 150,000 GB per second, recording a 50% growth from 2020 levels and a 1,000-fold upsurge compared to the 156 GB in 2002. The increasing internet penetration across the globe, in line with consistent technological upgrades, will propel C-RAN industry growth through 2032.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud radio access network (C-RAN) was reached USD 9.6 billion in 2022 and is set to witness over 20% CAGR from 2023 to 2032, due to the accelerating 5G deployment worldwide.

The solution component segment held over 60% of the market share in 2022, driven by the rising need for more efficient 5G deployment for enhancing network capacity and coverage.

North America market accounted for over 30% of the revenue share in 2022, owing to the strong presence of major telecom players, such as Verizon and AT&T.

Some of the major cloud radio access network companies include Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, Huawei Technologies Co., Ltd, Mavenir Systems, Inc., NEC Corporation, Samsung Electronics Co., Ltd., Nokia Corporation, and ZTE Corporation.