APAC to Spearhead the Global Cloud Radio Access Network Market

Market Highlights

Market Research Future (MRFR) presumes the global cloud radio access network market to reach USD 14 billion at a CAGR of 21% from 2016 to 2022 (forecast period).

The centralized radio access network, or C-RAN, is the most popular term for a cloud access radio network. The radio access network connects cellular antennas, operates signals, and sends them to the core network. A cloud radio access network is a completely centralized cellular network architecture based on cloud computing that enables radio technology support, centralized processing, real-time virtualization, and infrastructures that are power efficient. The cloud radio access networks market offers modern network architecture that embraces all generation systems, including 2G, 3G, 4G, and 5G.

The cloud access network structure is made up of three basic components: the baseband unit (BBU), the optical transmission network (OTN), and the remote radio head (RRH). The baseband unit is a device that integrates station functions using baseband frequencies and interprets them to packet processing. The remote radio head or RRH is the radio frequency circuitry that carries out radio functions like amplification, frequency conversion, digital to analog, and analog to digital conversion. As the remote radio head collects all of the signals, it transmits them through an optical transmission network. The cloud radio access network market recognizes the critical need to bring reforms in network operation and offers benefits that meet current network requirements.

The rapid growth of the cloud radio access network market demonstrates that network-related industries have been waiting for such innovations to solve their problems. The cloud radio access network industry offers significant advantages in terms of increasing efficiency, lowering costs, and better utilization of spectrum. The industry is expanding at a faster pace as a result of the need to upgrade infrastructure and repurpose it. The market’s ability to collect resources and simplify complex network operations has propelled the market economy to new heights.

COVID-19 Impact on the Global Cloud Radio Access Network Market

The COVID-19 pandemic has had a negative impact on the global economy, and the severity is evident in various sectors. Businesses and working sectors have seen the worst period of market growth. Several companies followed the theme of remote working practices, and people spent the majority of their time at home. All of this culminated in massive data consumption and heavy data traffic. Because of the strict lockdown measures, network service providers have been forced to restrict their work, which has posed operational difficulties in managing and adapting traffic. Due to the various difficulties, businesses relied on automation processes, and manual processing techniques were reduced. The increased demand for automation work drives the market’s potential and strengthens market development.

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Segmentation:

The global cloud radio access network industry has been segmented into components and services.

By component, the global cloud radio access network market has been segmented into Baseband unit (BBU), Optical transmission network (OTN) and Remote radio head (RRH).

By service, the global cloud radio access network market has been segmented into network service, system integration and customer service.

Regional Analysis

By region, the global cloud radio access network market has been segmented into Asia Pacific, Europe, North America, and the rest of the world.

There is a growing demand for network devices such as tablets, smartphones, and others in the Asia Pacific region, which boosts the cloud radio access network market economy. As many industries invest heavily in the implementation of cloud radio access network areas, the Asia Pacific region dominates the cloud radio access network market share. Europe and North America will continue to expand steadily in the coming years.

Key Players

Agilent Technologies (U.S.), Alcatel-Lucent S.A. (France), International Business Machines Corporation (U.S.), Intel (U.S.), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Hitachi, Ltd. (Japan), Panasonic Corporation (Japan), ZTE Corporation (China), Xilinx, Inc. (U.S.), NEC Corporation (Japan).

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