Market Growth and Size of Cloud-Radio Access Network: Forecast and Analysis 2024-2033

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Overview and Scope
A cloud-radio access network (RAN) refers to a network architecture that centralizes and virtualizes the baseband processing functions in a central data center or cloud infrastructure. The primary purpose is to enhance network scalability, improved performance, and enhanced radio networks through real-time virtualization and cloud computing. It also plays a crucial role in advancing 5G networks.

Sizing and Forecast
The cloud-radio access network market size has grown exponentially in recent years. It will grow from $14.63 billion in 2023 to $18.52 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%.  The growth in the historic period can be attributed to increasing demand for mobile data, scalability and flexibility requirements, cost savings initiatives, need for network optimization, evolution of 4G networks.

The cloud-radio access network market size is expected to see exponential growth in the next few years. It will grow to $43.61 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%.  The growth in the forecast period can be attributed to rising adoption of IoT (Internet Of Things) devices, demand for low-latency applications, expansion of mobile broadband services, increasing focus on network security, push towards network automation. Major trends in the forecast period include multi-access edge computing (MEC), adoption of Open RAN (Open Radio Access Network) architecture, convergence of telecommunications and cloud services, enhanced mobile broadband (eMBB) applications, development of hybrid cloud strategies.

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Segmentation & Regional Insights
The cloud-radio access network market covered in this report is segmented –

1) By Types: Centralized-RAN (Radio Access Network), Virtualized Or Cloud RAN (Radio Access Network)
2) By Components: Solution, Services
3)By Network Types: 2G Or 3G, 4G LTE (Long Term Evolution), 5G
4) By Deployment: Indoor Deployment, Outdoor Deployment
5) By End User: Telecom Operators, Enterprises

Asia-Pacific was the largest region in the cloud-radio access network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud-radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing demand for high-speed data services is expected to propel the growth of the cloud-based radio access network market going forward. High-speed data services refer to telecommunications or internet services that provide fast and efficient transmission of digital information, typically characterized by high data transfer rates and low latency. The high-speed data services are driven by increased reliance on digital communication, streaming, and cloud-based applications, necessitating faster and more efficient data transfer. A cloud-based radio access network (RAN) enhances high-speed data services by centralizing processing functions, optimizing the network, and enabling dynamic scalability for efficient and flexible network management. For instance, in November 2023, according to the Telefonaktiebolaget LM Ericsson Mobility Report, a Sweden-based networking and telecommunications company, in 2023, an expected 610 million new 5G subscriptions will emerge, reflecting a 63% increase from 2022 and surpassing earlier predictions by 100 million, bringing the global total to 1.6 billion. The projections further highlight sustained growth, with over 5.3 billion 5G subscriptions anticipated by the end of 2029. Therefore, the growing demand for high-speed data services is driving the development of the cloud-based radio access network market.

Key Industry Players
Major companies operating in the cloud-radio access network market are Samsung Electronics Co. Ltd., Microsoft Corporation, Reliance Industries, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc., Texas Instruments, ZTE Corporation, Amphenol, CommScope Holding Company Inc., Ciena Corporation, Infinera Corporation, VIAVI Solutions, Sterlite Technologies Limited, Anritsu, Ceragon Networks Ltd., Casa Systems

The cloud-radio access network market report table of contents includes:

1. Executive Summary
2. Cloud-Radio Access Network Market Characteristics
3. Cloud-Radio Access Network Market Trends And Strategies
4. Cloud-Radio Access Network Market – Macro Economic Scenario
5. Global Cloud-Radio Access Network Market Size and Growth
32. Global Cloud-Radio Access Network Market Competitive Benchmarking
33. Global Cloud-Radio Access Network Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud-Radio Access Network Market
35. Cloud-Radio Access Network Market Future Outlook and Potential Analysis
36. Appendix

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