Global Cloud Radio Access Network Market is valued at approximately USD 17.21 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 21.20% over the forecast period 2023-2030. Cloud Radio Access Network is a network architecture that centralizes and virtualizes baseband processing functions of multiple remote radio heads, enabling more efficient and flexible management of wireless networks. The Cloud Radio Access Network Market is expanding because of factors such as an increase in the demand for 5G network technologies and increased in mobile data traffic. Moreover, the increase in mobile data usage, primarily due to the rising popularity of smartphones, video streaming, and emerging technologies like IoT and 5G, has generated a strong demand for scalable and efficient network solutions such as C-RAN.
The growing demand for 5G networks is increasing the adoption of Cloud radio access network (C-RAN) solutions as they provide scalability, flexibility, and improved network performance required for 5G deployments. According to Statista in 2023, the global number of 5G subscriptions is projected to reach approximately 1.9 billion and expected to reach up to approximately 5.9 billion by 2027. In addition, growing numbers of internet users and technological advancements in cloud radio access networks would create a lucrative growth opportunity. However, the necessity for a high capacity fronthaul and high implementation costs stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cloud Radio Access Network Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the, increasing internet penetration and increasing number of key market players from telecommunications sector. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as, expanding telecommunications infrastructure, increasing mobile data traffic, and rising demand for efficient network solutions in the region.
Major market player included in this report are:
- Nokia Corporation
- Samsung Electronics Co. Ltd.
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
- Fujitsu Ltd.
- Red Hat Inc.
- CommScope Holding Company Inc.
- Ciena Corporation
- Hewlett Packard Enterprise Development LP
- Dell, Inc.
Recent Developments in the Market:
- In June 2020, Nokia Corporation introduced a cutting-edge 5G AirScale Cloud RAN solution built on vRAN 2.0. This innovative solution empowers operators to generate profits from 5G wireless services while also enabling network slicing from end to end. It effectively caters to the needs of IoT applications and leverages the advantages of cloud computing in the radio access network.
- In April 2022, Fujitsu Network Communications, Inc. partnered with Meta Connectivity to increase the global adoption of open radio access network (Open RAN) technologies. As part of this collaboration, Fujitsu may provide 5G massive MIMO (Multiple Input, Multiple Output) Radio Units (RU) to the Evenstar project. This initiative, led by Meta Connectivity and international business partners, aims to accelerate the implementation of Open RAN technologies that comply with the 3GPP standards.
Global Cloud Radio Access Network Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimatio: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Network, Deployment, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
By Network:
by Deployment
By End-User:
- Telecom Operators
- Enterprises
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Cloud Radio Access Network Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Cloud Radio Access Network Market, by Component , 2020-2030 (USD Billion)
- 1.2.3. Cloud Radio Access Network Market, by Network , 2020-2030 (USD Billion)
- 1.2.4. Cloud Radio Access Network Market, by Deployment , 2020-2030 (USD Billion)
- 1.2.5. Cloud Radio Access Network Market, by End-User , 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cloud Radio Access Network Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cloud Radio Access Network Market Dynamics
- 3.1. Cloud Radio Access Network Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in the demand for 5G network technologies
- 3.1.1.2. Increased in mobile data traffic
- 3.1.2. Market Challenges
- 3.1.2.1. Necessity for a high-capacity fronthaul
- 3.1.2.2. High implementation costs
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing numbers of internet users and
- 3.1.3.2. Technological advancements in cloud radio access network
Chapter 4. Global Cloud Radio Access Network Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cloud Radio Access Network Market, by Component
- 5.1. Market Snapshot
- 5.2. Global Cloud Radio Access Network Market by Component , Performance - Potential Analysis
- 5.3. Global Cloud Radio Access Network Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. Cloud Radio Access Network Market, Sub Segment Analysis
- 5.4.1. Solution
- 5.4.2. Services
Chapter 6. Global Cloud Radio Access Network Market, by Network
- 6.1. Market Snapshot
- 6.2. Global Cloud Radio Access Network Market by Network , Performance - Potential Analysis
- 6.3. Global Cloud Radio Access Network Market Estimates & Forecasts by Network 2020-2030 (USD Billion)
- 6.4. Cloud Radio Access Network Market, Sub Segment Analysis
- 6.4.1. 2G/3G
- 6.4.2. 4G
- 6.4.3. 5G
Chapter 7. Global Cloud Radio Access Network Market, by Deployment
- 7.1. Market Snapshot
- 7.2. Global Cloud Radio Access Network Market by Deployment , Performance - Potential Analysis
- 7.3. Global Cloud Radio Access Network Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
- 7.4. Cloud Radio Access Network Market, Sub Segment Analysis
- 7.4.1. Indoor
- 7.4.2. Outdoor
Chapter 8. Global Cloud Radio Access Network Market, by End-User
- 8.1. Market Snapshot
- 8.2. Global Cloud Radio Access Network Market by End-User , Performance - Potential Analysis
- 8.3. Global Cloud Radio Access Network Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
- 8.4. Cloud Radio Access Network Market, Sub Segment Analysis
- 8.4.1. Telecom Operators
- 8.4.2. Enterprises
Chapter 9. Global Cloud Radio Access Network Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Cloud Radio Access Network Market, Regional Market Snapshot
- 9.4. North America Cloud Radio Access Network Market
- 9.4.1. U.S. Cloud Radio Access Network Market
- 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Network breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Deployment breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End-User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Cloud Radio Access Network Market
- 9.5. Europe Cloud Radio Access Network Market Snapshot
- 9.5.1. U.K. Cloud Radio Access Network Market
- 9.5.2. Germany Cloud Radio Access Network Market
- 9.5.3. France Cloud Radio Access Network Market
- 9.5.4. Spain Cloud Radio Access Network Market
- 9.5.5. Italy Cloud Radio Access Network Market
- 9.5.6. Rest of Europe Cloud Radio Access Network Market
- 9.6. Asia-Pacific Cloud Radio Access Network Market Snapshot
- 9.6.1. China Cloud Radio Access Network Market
- 9.6.2. India Cloud Radio Access Network Market
- 9.6.3. Japan Cloud Radio Access Network Market
- 9.6.4. Australia Cloud Radio Access Network Market
- 9.6.5. South Korea Cloud Radio Access Network Market
- 9.6.6. Rest of Asia Pacific Cloud Radio Access Network Market
- 9.7. Latin America Cloud Radio Access Network Market Snapshot
- 9.7.1. Brazil Cloud Radio Access Network Market
- 9.7.2. Mexico Cloud Radio Access Network Market
- 9.8. Middle East & Africa Cloud Radio Access Network Market
- 9.8.1. Saudi Arabia Cloud Radio Access Network Market
- 9.8.2. South Africa Cloud Radio Access Network Market
- 9.8.3. Rest of Middle East & Africa Cloud Radio Access Network Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Nokia Corporation
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Samsung Electronics Co. Ltd.
- 10.3.3. Huawei Technologies Co. Ltd.
- 10.3.4. Cisco Systems Inc.
- 10.3.5. Fujitsu Ltd.
- 10.3.6. Red Hat Inc.
- 10.3.7. CommScope Holding Company Inc.
- 10.3.8. Ciena Corporation
- 10.3.9. Hewlett Packard Enterprise Development LP
- 10.3.10. Dell, Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption