C-RAN Market Recent Trends, Developments, Challenges and Opportunities

1. Centralized Radio Access Network (C-RAN) Market Growing with Increasing 5G Penetration The centralized radio access network (C-RAN) market is growing, on account of the increasing 5G penetration, strong focus on automation, increasing sale of smartphones and rate of digitization, and rising requirement for internet of things (IoT) solutions. As per a recent study conducted by P&S Intelligence, from $936.3 million in 2018, the revenue generated from the sale of such solutions is predicted to rise to $2,159.2 million by 2024, at a 15.9% CAGR between 2019 and 2024 (forecast period). C-RAN is a cloud-deployed RAN architecture, for 2G, 3G, 4G, and future communication technologies. Get the Sample Copy https://www.psmarketresearch.com/market-analysis/c-ran-market/report-sample of this Report @ The ​C-RAN market is categorized into services, solution, and infrastructure, on the basis of component. Among these, the infrastructure category held the largest share in 2018, majorly due to telecommunications companies investing heavily in 4G, long-term evolution (LTE), and 5G. During the forecast period, the highest CAGR in the industry would be displayed by the services category, as the adoption of C-RAN software is rising, thereby creating a high requirement for professional services. Owing to the

2. technology being at its initial phase, currently, the demand for network support, training, and security check services is surging. On the basis of application, the industry divisions are targeted outdoor urban areas, large public venues, suburban & rural areas, and high-density urban areas. In 2018, the C-RAN market was dominated by large public venues, due to the increasing deployment of this technology at stadiums, malls, and shopping complexes. Due to the high footfall at these places, the network here is quite dense, which is why C-RAN is being implemented at such places for improved network coverage, higher scalability, and enhanced user experience. One of the most important trends in the industry presently is the growing demand for the technology by telecom companies, as the requirement for LTE services is increasing. Though traditional RAN is ideal for small spaces, its usage in larger settings raises the density of the network, thereby leading to an unsatisfactory user experience. This is propelling the usage of C-RAN, the software-based architecture of which allows for a higher storage space, lesser inter-call interference, and better user experience. Moreover, traditional RAN is expensive, owing to its requirement for networking infrastructure. Make Enquiry Before https://www.psmarketresearch.com/send-enquiry?enquiry-url=c-ran-market Purchase @ The strongest driver for the growth of the C-RAN market is the increasing penetration of the 5G communication technology around the world. To expand their 5G coverage, network operators are adopting the latest technologies, which support 5G functionalities. The demand for 5G is rising from enterprises, as it enables faster and smoother communication between distant employees, which helps make better business decisions. Therefore, telecom firms are rapidly working on deploying the C-RAN technology, having already invested $140 billion in 2018. During the historical period (2014–2018), North America generated the highest revenue in the C-RAN market, primarily on account of the significant coverage of 5G in the continent. In recent times, 5G services have been launched here for wireless as well as fixed landline phones, owing to the heavy investments put in by telecom firms. Asia-Pacific (APAC) is expected to witness the fastest growth in the market, due to the increasing requirement for the virtualization and 5G technologies, for smoother connectivity and better customer experience. Thus, in the coming years, as the area under 5G coverage increases, so will the deployment of C-RAN, as it is one of the key enabling technologies for 5G communication.