Global C-RAN Market Expected to Garner the Revenue of
New York, USA, June 22, 2021 (GLOBE NEWSWIRE) – According to a report published by Research Dive, global C-RAN market is expected to register revenue from $ 1610.9 million at CAGR of 10.4% over the forecast period (2019-2026), increasing by $ 730.0 million in 2018. The inclusive report provides a brief overview of the current market scenario, including important aspects of market growth factors, challenges, constraints and various opportunities. The report also provides all market data, which facilitates and helps new entrants to understand the market.
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Drivers: Centralized lane technology has improved network efficiency in traffic hotspots, such as offices, stadiums and city squares, which has increased demand in recent years. Another factor behind this market growth is the growing technological inventions and improvements in the telecommunications sector.
In addition, the growing demand for tablets and smartphones worldwide with broadband is expected to accelerate market growth over the forecast period. C-RAN reduces energy consumption costs and controls volatile traffic. It also addresses the problem of data traffic in an innovative way. These are the factors contributing to the growth of the global C-RAN market.
Restraint: There are many security standards that are mandatory during C-RAN implementation. These are the factors that interrupt the growth of the market.
Opportunities: C-RAN is crucial for the successful implementation of a 5G network. This factor should create many opportunities for investors in the market.
Key market segments
The report divides the market into different segments based on technology, component, network type, place of deployment and regional analysis.
Technology: The centralized sub-segment is expected to be the most profitable
The centralization technology sub-segment is expected to receive a maximum revenue of $ 837.7 million over the forecast period. Technological advances in wireless, optical and communication systems are a major factor in the growth of the market segment.
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Component: The services sub-segment is rated as the most profitable
The services sub-segment is expected to generate the highest revenues of $ 786.1 million by the end of 2026. The main factor for market growth is the high investment by R&D service providers and C- RAN technology.
Network type: The 5G sub-segment is expected to be the most profitable
The 5G network is expected to report revenue of $ 161.1 million at a CAGR of 19.9% over the forecast period. 5G infrastructure has become the most popular network so far, thanks to its agile network traffic management, low energy costs and best coverage. This is the main factor for the growth of the market segment.
Place of implementation: The large place subsegment is expected to be the most profitable
The large public place subsegment is expected to earn a maximum revenue of $ 483.3 million at a CAGR of 11.4% during the analysis period. Installing C-RAN technology in large public places such as stadiums, malls or auditoriums is essential as these places are occupied by large numbers of people.
Region: North America, which is expected to dominate the market
In 2018, the regional market of North America amounts to 248.2 million USD and is expected to additionally register revenues from $ 515.5 million by the end of 2026. Countries such as the United States and Canada are home to major telecommunications companies, which has helped the market thrive. This is the main factor for the growth of the regional market.
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Major market players and strategies
The world’s most famous players in the C-RAN market include
- ZTE Corporation.
- Telefonaktiebolaget LM Ericsson
- Intel Corporation
- Huawei Technologies Co., Ltd.
- Cisco Systems, Inc.
- ASOCS Ltd.
- NEC Corporation
These players work on developing strategies such as product development, mergers and acquisitions, partnerships and collaboration to sustain market growth.
In May 2020, Intel Corporation, a US multinational technology company, acquired Moovit, a service mobility solutions company (MaaS). This merger aims to help Intel Mobileye achieve its goal of becoming a full mobility provider, including robotaxi services.
The report also summarizes many important aspects, including financial performance of key players, SWOT analysis, product portfolio and the latest strategic developments.
In addition, the report has some numerical point about the leading business manufacturers, such as SWOT analysis, product portfolio, financial condition – Request access to a detailed report on the development strategy of the best companies
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