The global cloud radio access network (C-RAN) market is anticipated to grow at a significant CAGR during the forecast period. Cloud RAN is a centralized, cloud computing-based architecture for RAN that enables the large-scale deployment having collaborative radio technology support coupled with real-time virtualization capabilities. It uses the latest common public radio interface (CPRI) standard, coarse or dense wavelength division multiplexing (CWDM / DWDM) technology, and millimeter wave (mmWave) transmission for long-distance signals. Some factors driving the market growth include an increase in network congestion owing to a surge in smartphone usage, rising data traffic, and 4G & 5G accessibility among end-users. Moreover, operators are extensively adopting cloud RAN technology to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) which is further supplementing the market growth.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/cloud-ran-market
The advent of 5G technology across the globe has further escalated the demand for cloud RAN technology. 5G technology is gaining traction at a rapid pace which is generating immense demand for cloud RAN during recent years. The growing demand for high-speed data with low latency and rapidly increasing use of services and applications that are data-heavy has bolstered the demand for 5G networks, which in turn, is driving the demand for cloud RAN. The application of 5G technology extends beyond traditional telecom and mobile internet. Its application in the industrial sector for usage in self-driving, remote control, virtual and augmented reality, smart manufacturing, and smart grid boosts the market growth for 5G.
There are several industry players operating in the market which are further influencing the market growth. Some key players operating in the market include Cisco Systems Inc., Nokia Corp., Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, and Intel Corp. These players are eyeing to strengthen their position in the market by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in July 2020, Nokia Corp. announced the collaboration with the US Cellular for the addition of 5G mmWave capabilities in the 24 GHz and 28 GHz spectrum bands, which will also include AirFrame open edge solution for Cloud RAN to provide major benefits which include significant Total Cost of Ownership (TCO) reduction with the help of simplification automation and operational efficiency gains.
Global Cloud RAN Market Report Segmentation
By Component
- Solution
- Service
By Network Type
- 3G
- 4G
- 5G
- LTE
A full report of Cloud RAN Market available @ https://www.omrglobal.com/industry-reports/cloud-ran-market
Cloud RAN Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cisco Systems Inc.
- Nokia Corp.
- Huawei Technologies Co., Ltd.
- Telefonaktiebolaget LM Ericsson
- Intel Corp.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
