The cloud-RAN market revenue was $3.9 billion by the end of 2021. The cloud-RAN market is predicted to reach US$ 126.5 billion by 2032, growing at a CAGR of 37.2% between 2022 and 2032.
Cloud-RAN (Radio Access Network) is a radio access network that employs centralised architecture and cloud technology, with the base station receiving signals from smartphones and other wireless devices and forwarding them to a core network.
Unlike typical base towers, which include an RRU (remote radio unit) and a BBU (baseband unit), Cloud-RAN or C-RAN base stations only have an RRU component, and the BBU units, which handle the digital aspect of the work, are stored collectively in a place known as the BBU hotel. The cloud-RAN market accounts for approximately 20% of the radio access network market.
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Forecast for the 2017-2021 Cloud-RAN (Radio Access Network) Market Demand in Comparison to the 2022-2032 Forecast
The cloud-RAN market is expected to grow at a CAGR of 37.2% between 2022 and 2032. The key drivers of this projected expansion are the global efforts to install 5G technology. Cloud RAN provides better flexibility, scalability, and the ability to manage more network traffic, which can help network providers deliver 5G services.
The number of smartphone and internet users has expanded dramatically in recent years, and this trend is expected to continue. As a result of these factors, the cloud-RAN market is expected to expand rapidly over the forecast period.
Telecommunications companies can save money by using a cloud-RAN (Radio Access Network) solution.
RAN development necessitates substantial investments as well as high operating costs. There are other charges involved. Despite the fact that the costs remain constant, the RANs are not operating at full capacity during off-peak hours, such as at night.
BBU pooling enables telecommunications companies to implement a cost-effective solution because their operating costs are determined by the number of BBUs pooled together.
Regional Examination
With a market share of 18.2% in 2021, North America is the region with the highest market share. and also has the greatest CAGR of 35.7% for the prediction period 2022-2032.
North America has a large number of smartphone users, and there have been several technological developments in this region such as IoT, augmented and virtual reality, and self-driving cars, all of which require better telecommunication services to function properly.
5G deployment is accelerating in this region, and the presence of several large telecommunications companies consolidates the region’s cloud-RAN market growth.
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Country-specific insights
5G rollouts will begin shortly in India, which would aid in the expansion of the cloud-RAN industry.
India has a big number of smartphone users with high-speed internet access. Several telecom firms in the country also plan to launch 5G services by the end of 2022.
India has the most smartphone and internet users in the world, followed by China. As a result, the cloud-RAN market in India is expected to grow at a CAGR of 34.6%.
Technological improvements in the United States, as well as the availability of resources, can benefit the cloud.
The United States is home to numerous significant C-RAN solution providers with the capabilities to create cloud-RAN systems in the country. The presence of various urban regions and internet users in this country increases the demand for cloud-RAN solutions, since there is a large pressure on cell towers during peak hours of internet consumption.
Internet traffic in this country is also concentrated on numerous platforms like as social networking, online retail stores, cryptocurrency mining, video streaming, and so on. As a result, efficiently handling network traffic becomes a priority, and the United States is expected to grow at a CAGR of 39.4%.
Competitive Landscape
Cloud-RANs are currently being provided by several smartphone manufacturers and telecommunication companies. However, these companies also partner with cloud solution and service providers to improve the quality of their solution offerings.
- Ericsson and Intel announced a partnership in May 2022 to integrate their R&D to create high-quality cloud-RAN solutions. Both for improving power management and for achieving the same goal, they have established a tech hub in California, USA.
- In March 2021, Nokia partnered with Microsoft. Through the partnership, Nokia intends to integrate several RAN features like radio access control, multi-access edge cloud and open RAN with Microsoft Azure. The expected end result is better performance and an improved end-use experience.
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Cloud-RAN (Radio Access Network) by Category
By Component:
- Solution
- Services
- Consulting Services
- Implementation Services
- Support Services
By Deployment:
- Centralized
- Cloud
By End User:
- Telecom Operators
- Enterprises
By Network Type:
- 5G
- 4G
- 3G and 2G
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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