The latest report on “Cloud Radio Access Network (C-RAN) Market (Technology – Centralization, and Virtualization; Component – Infrastructure, Solutions, and Services; Application – Large Public Venues, High-density Urban Areas, Targeted Outdoor Urban Areas, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global cloud radio access network (C-RAN) market is projected to grow at a CAGR of 19.2% over the forecast period of 2019-2025.
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Rising Technological Advancement in Wireless and Optical Communication Systems Drives the Growth of the Cloud Radio Access Network Market
Cloud radio access network provides a solution by centralizing the bus stations and offers a cooperative solution between multiple operators. The rising technological advancement in wireless and optical communication systems drives the growth of the cloud radio access network market. Cloud content delivery networks are becoming a key part of any internet business strategy due to the growth of cloud computing in businesses.
Enhanced the efficiency of the spectrum and lower total cost of ownership will augment the demand for the market. Benefits of cloud radio access networks such as reuse of infrastructure, pooling of resources, simplification of network operations and management, and reduced energy consumption are major factors contributing to the increase in the adoption of cloud radio access networks. Cloud-native design stimulates the efficient use of resources through the use of finer-grained infrastructure. It ensures the use of advanced cloud orchestration techniques.
In addition, 4G and 5G access propel the growth of the cloud radio access network market. Furthermore, enhanced energy efficiency and power cost reduction stimulate the growth of the market. On the flip side, the high cost of optical fiber hampers the growth of the cloud radio access network market. Moreover, the rising adoption of cloud-based technologies creates numerous opportunities for the growth of the market.
North America is Expected to Hold a Premium Share in the Global Cloud Radio Access Network Market
North America is expected to hold a premium share in the global cloud radio access network market. The rising research and development in developed countries to promote innovations is contributing to the growth of the market in North America. Europe is anticipated to grow in this market with a substantial rate over the forecast period. The rising use of music and video streaming services and improved coverage in Europe stimulate the growth of the cloud radio access network market in Europe. The Asia-Pacific region is expected to grow at the fastest rate in the global cloud radio access network market due to technological development in the region.
The report on the global cloud radio access network (C-RAN) market covers segments such as technology, component, and application. On the basis of technology, the sub-markets include centralization and virtualization. On the basis of components, the sub-markets include infrastructure, solutions, and services. On the basis of application, the sub-markets include large public venues, high-density urban areas, targeted outdoor urban areas, and other applications.
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The report provides profiles of the companies in the market such as Ericsson AB, Agilent Technologies, Inc., Telco Systems Inc., Aricent Inc., Intel Corporation, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., Ceragon Networks Ltd., Hitachi Data Systems Corporation, and Other companies.
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=> Comprehensive analysis of global as well as regional markets of the cloud radio access network (C-RAN).
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.