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The Cloud Radio Access Network CRAN market is expected to grow at a Compound Annual Growth Rate CAGR of 10.7% during the forecast period.
The market for CRAN is expected to grow from USD 681.6 million in 2017 to USD 1,132.3 million by 2022, at a CAGR of 10.7%. 4G and 5G accessibility and the reduction of Capital Expenditure CAPEX and Operational Expenditure OPEX are the major factors driving the growth of the global CRAN market.
Government and security standards are expected to be the major restraints for the CRAN market. Regulatory policies differ from nation to nation and from business to business. The structure of these varying regulatory policies, along with changing macroeconomic factors, makes it difficult for vendors to meet the endusers' requirements.
Consulting segment is expected to have the largest market share during the forecast period.
Consulting services are used to provide an enhanced strategic outlook, improve performance efficiency, and transform enterprise business operations. Consulting services help in lowering risks, reducing complexities, and raising the Return on Investment RoI. These services can be customized, are easily applicable, and deliver maximum product assurance.
Virtualization technology is expected to have the larger market size during the forecast period.
A conservative base station consists of Base Band Units BBUs and Remote Radio Heasds RRHs. Centralized RAN pools BBUs in a centralized location where they are clustered with other BBUs. Virtualized RAN moves the base band processor to a data center; hence, it can also be termed as cloud RAN.
North America is expected to witness the highest growth rate during the forecast period.
North America is expected to witness the highest CAGR during the forecast period. Factors such as continual growth in the mobile network, increasing business complexities, and unregulated nature of the internet are driving the growth of the CRAN market in North America. The North American region is also expected to have the largest market share during the forecast period. The region has gained a lot of momentum in CRAN and related technologies, such as Network Function Virtualization NFV. Along with this, 5G is also said to be gaining a huge traction and is considered to be a very important application.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
By Company Size: Tier I 21%, Tier II 35%, and Tier III 44%
By Designation Level: CLevel 35%, Director Level 40%, and Others 25%
By Region: North America 38%, Europe 32%, APAC 10%, and MEA 20%
The major CRAN vendors are Nokia Corporation Finland, Cisco Systems, Inc. US, Samsung Electronics Co. Ltd. South Korea, ZTE Corporation China, Altiostar US, Ericsson AB Sweden, Huawei Technologies Co. Ltd. China, NEC Corporation Japan, Fujitsu Japan, Intel Corporation US, Mavenir US, and ASOCS Ltd. Israel.
The CRAN market has been segmented on the basis of basis of technologies centralization technology and virtualization technology, services consulting, planning and implementation, maintenance and support, and training, deployment venues large public venues, targeted outdoor urban areas, highdensity urban areas, and suburban and rural areas, components solutions and services, and regions North America, Europe, Asia Pacific APAC, Middle East and Africa MEA, and Latin America.
CRAN solutions facilitate mobile communication by helping mobile operators deliver highquality mobile communication services while maintaining steady growth and profitability. Deployment of CRAN architecture is gaining prominence, owing to the increasing number of network subscribers and surge in data transmission rates. In order to gain a competitive advantage, large numbers of telecom operators are working on backhaul and fronthaul units to increase subscribers by providing latentfree services.
The report will help the market leaders and new entrants in the CRAN market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and provides more insights to strengthen the organization's position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Original Article: Cloud Radio Access Network CRAN Market by Technology Centralization and Virtualization, Component Solutions and Services, Deployment Venue, and Region North America, Europe, APAC, MEA, and Latin America Global forecast to 2022 [Report Updated: 28072017]NEXT ARTICLE
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