Frequently Asked Question
The advancements toward fifth-generation wireless technology are major factors driving the market growth. The 5G network has the fastest growth due to the adoption of 5G has led to a large amount of mobile data traffic traversing the network. The increasing adoption of high-speed and large network coverage and technological innovation in telecommunications are expected to increase the growth. The C-RAN provides key advantages, including reduced power costs, capacity and traffic fluctuation
The Global C-RAN market is anticipated to grow at a substantial CAGR of 22.50% in the upcoming years. The global C-RAN market industry was estimated to be worth USD 10.5 billion in 2021 and was expected to be worth USD 35.48 billion by 2028.
North America is expected to dominate the highest market share in the global C-RAN market. The key players in the region are introducing services for wireless mobile networks in the regional market. Such collaborations drive market growth in the North American region. Moreover, telecom operators’ high investment in R&D is expected to propel the C-RAN technology in the North American region. Furthermore, this Region has become valuable for the global C-RAN market of inventions and developments
Some of the major players in the market are Altiostar; ASOCS Ltd; Cisco Systems, Inc.; Telefonaktiebolaget; LM Ericsson; FUJITSU; Huawei Technologies Co., Ltd; NEC Corporation; Samsung Electronics Co Ltd.; Nokia Corporation; ZTE Corporation.
In 2021, the centralized-RAN segment will dominate the C-RAN market’s share due to technological advancements offered for optical, wireless, and IT communications systems, which are expected to grow.