The Cloud Radio Access Network market size is projected to grow from USD 2.9 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 37.7% during the forecast period. C-RAN facilitates mobile communication by helping mobile operators deliver high-quality mobile communication services while maintaining steady growth and profitability. The deployment of C-RAN architectures is witnessed lately, owing to the increasing number of network subscribers and surging data transmission rates.
By component, the service segment to have a higher market share during the forecast period
Services play a crucial role in transforming new-age enterprises, which are constantly challenged by disruptive forces and innovations in the market. The services segment in the C-RAN market is expected to witness an improved growth rate due to the increased adoption of growing technologies. Large numbers of Mobile Network Operators (MNOs) and telecom providers are planning to come up with enhanced technologies for minimizing latency issues and supporting the 5G technology.
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By service, support services segment to have highest growth during the forecast period
Support services are the key factors for the smooth functioning of software and solutions deployed centrally and in cloud. These services include functional, technical, and database support that companies offer to end customers during installations and maintenance. These services also assist their customers in efficiently managing security, risk, and compliance. Vendors provide various levels of support programs, such as standard and extended support, which are designed to meet particular customer needs. These include software maintenance for bug fixes, updates, and upgrades on licensed software.
The key and emerging players include Nokia, Huawei, Ericsson, ZTE Corporation, NEC Corporation, Cisco, Samsung, Altiostar, Fujitsu, Intel, Mavenir, ASOCS, Radisys, CommScope, Artiza Networks, Anritsu, 6WIND, EXFO, Airspan, VIAVI, Infinera, Texas Instruments, Amphenol, Xilinx, Dali Wireless, and Casa Systems. These players have adopted various strategies to grow in the global C-RAN market.
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Nokia (Finland) is one of the leading vendors in the C-RAN market. The company offers various products, solutions, and services such as Software Defined Network (SDN), Network Functions Virtualization (NFV), and cloud solutions. The company also provides Nokia AirScale Cloud RAN solutions. These solutions provide various features, which include business agility for constant software delivery, along with rapid innovation and scalability, which enables to cater to a huge amount of data traffic. The Nokia AirScale has a multi-layer feature, which gives distributed and centralized deployments, along with the Ethernet fronthaul. Its Cloud RAN architecture integrates with telecom providers’ performance needs. The company focuses more on the adoption of inorganic growth strategies to enhance its position in the C-RAN market. For instance, in March 2020, Nokia acquired Elenion Technologies, a US-based company focusing on the photonics technology. The company aims at expanding by utilizing Elenion Technologies’ expertise and unique design platform to improve the optical connectivity of 5G, cloud, and enterprise networking.
Huawei (China) is another leading C-RAN solution across the globe. The company provides a wide range of products and solutions, including cloud computing, enhanced LTE (eLTE) Broadband Trunking, eLTE Broadband Access, enterprise cloud communication, and routers. Huawei implements advanced ICT to sense, collect, and analyze important data. Cloud, network, security, and platform technology are the components of Huawei’s smart city solutions. Huawei provides six mechanisms: physical, network, host, visualization, application, and data to safeguard smart cities. The company focuses on organic growth strategies to improve its place in the C-RAN market. For instance, in March 2019, Huawei announced the release of Telco Cloud Networking Solution. This solution aims at delivering the first end-to-end 400G DC network architecture and enables carriers to offer innovative services, enabling 5G, IoT, and VR over flexible network architectures.
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