Rise in the need for energy-efficient and cost-effective networking solutions, surge in the proliferation of 5G network technologies, and rapid rise in the demand for high bandwidth drive the growth of the global Cloud RAN Market. Region-wise, the market in Asia-Pacific was the largest in 2021 and is likely to maintain its leadership status during the forecast period.
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The global C-RAN market share is segmented based on technology, component, network type, deployment venue, and region. By type sub-segment, the market is divided into virtualization technology and centralization technology. By component sub-segment, the market is divided into solutions and services. By network type sub-segment the market is divided into 5G, 4G, and 3G. By deployment sub-segment, the market is divided into indoor and outdoor. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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By type, the centralization technology sub-segment dominated the market in 2021. A centralization technology comes with a variety of benefits, including the ability to use cutting-edge technology, resource virtualization, and ease of service deployment at the edge. A centralized BBU pool indicates that RRU are spread, but BBUs are housed at the network center. This makes it possible for C-RAN to outperform conventional cellular networks, which distribute BBUs, in a number of ways.
By component, the services sub-segment dominated the global C-RAN market share in 2021. To strengthen their presence in the global market, service providers are heavily investing in R&D and focusing on product development. Telecommunications network providers are aiming for overall network expansion and are concentrating their efforts on improving the 5G network. The use of C-RAN architecture by mobile operators is predicted to enhance demand for consultancy, maintenance services, design, and development. Furthermore, the increasing speed of technical advances is expected to drive cloud RAN industry expansion.
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By region, North America held the highest Cloud RAN Market Share in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period. North America is a leading destination, with telecom firms in the U.S. pushing hard to establish C-RAN. Initiatives are being conducted to set the groundwork for future 5G rollout by strengthening the network. Growing investments in C-RAN architecture implementation will boost market attractiveness throughout the projection period. The infrastructure is further divided into front-haul, baseband, and distant radio units. The increase in demand for consultancy, design & development, and maintenance services as a result of mobile operators’ adoption of C-RAN architecture will contribute to market growth.
The key players profiled in this report include FUJITSU, ZTE Corporation., Intel Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Huawei Technologies Co., Ltd., ASOCS Ltd., SAMSUNG, NEC Corporation, and Nokia.
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Impact of COVID-19 on the Global Cloud RAN Industry
- COVID-19 has positively impacted the C-RAN market during the COVID-19 pandemic. The spread of novel coronavirus has sparked the demand for online channels and services.
- The COVID-19 pandemic has had a considerable impact on the global digital environment. To stop the virus’s spread, several measures have been put into place, including social isolation and lockdown, highlighting the need for a successful and inclusive digital economy enabled by expanding access to dependable, adequate internet for socioeconomic well-being.
- During the COVID-19 epidemic, communication service providers have faced four operational obstacles. Security of network data, ensuring the continuity of operations, adjusting to new traffic patterns, and ensuring the quality of crucial services are some of these. As a result, the demand for cloud radio access networks increased due to the presence of strong security frameworks.
- During the COVID-19 pandemic, C-RAN technologies were leveraged in healthcare settings to enable rapid application deployment in individual organizations and data quality across organizations.
- Economic slowdown has affected the setup of new C-RAN projects across the world as majority of government funding were diverted toward healthcare sector owing to rapid spread of the COVID-19 virus, impacting the market to the great extent.
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