The growing ubiquity of smartphones has radically increased data consumption in the recent past and thereby escalated the need for stronger networks. According to a recent business intelligence report by Transparency Market Research, the players operating in the global cloud radio access network market will have strong new opportunities to replace the conventional RAN architecture with cloud-RAN in order to meet consumer demands. For instance, in November 2017, Ericsson, a Sweden-based telecommunication company, declared in its mobility report that North America owns the highest share of LTE subscriptions (nearly 80%) and some of the leading operators in the region have started their expansion in pre-standardized 5G in 2017.
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Companies Expanding via Strategic Partnerships
Over in the emerging economies of Asia Pacific, similar strategic alliances are being observed to upgrade the services offered by both the parties. For example, in January 2017, Ericsson signed a Memorandum of Understanding (MoU) with China Mobile Research Institute (CMRI), which is a research division of China Mobile. The MOU involves collaborative research and development on Cloud RAN with an aim to deploy new services based on this technology. The report identifies and profiles some of the other notable companies in the global cloud radio access network market, such as Hitachi Data Systems Ltd., Intel Corporation, Agilent Technologies, Inc., Telco Systems, Actix International Limited, Aricent Inc., Ceragon Networks Ltd., Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., and ZTE Corporation.
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Global Cloud-RAN Market to be worth US$1,870.8 mn by 2025
If the projections of the TMR report are to be believed, the demand in the global cloud radio access network market will expand at a formidable CAGR of 10.9% during the forecast period of 2017 to 2025. The analysts of the report have evaluated that the opportunities in the global C-RAN market translated into a revenue of US$814.8 mn in 2017 and have estimated it to swell up to US$1,870.8 mn by the end of 2025. Among various components pertaining to this market, remote radio units have been anticipated to provide for the maximum demand where services segment is also gaining traction. Application-wise, large public venues is the most profitable category. Geographically, North America is a highly lucrative region, promising to provide for a demand worth of US$781.6 mn by 2025.
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