Global C-RAN Market Expected to Garner the Revenue of $1,610.9 Million at a CAGR of 10.4% during the Forecast Period, 2019-2026 - Absolute Report [Pages-180] by Research Dive

Global C-RAN market is predicted to witness a noteworthy growth during the forecast period, 2019-2026. Centralized sub-segment is expected to be the most lucrative. Service and 5G sub-segments are predicted to be the most profitable. Large venue sub-segment is projected to be the most beneficial. North America is expected to lead the market.

New York, USA, June 22, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global C-RAN market is projected to register a revenue of $1,610.9 million at a CAGR of 10.4% during the forecast period (2019-2026), increasing from $730.0 million in 2018. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market growth factors, challenges, restraints, and various opportunities. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

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Dynamics of the Market

DriversThe centralized baseband technology improves network efficiency in traffic hotspot areas such as offices, stadiums, and city-squares which has increased its demand in recent years. Another factor behind this growth of the market is the increasing technological inventions and improvements in the telecommunication sector.

Moreover, the increasing demand of tablets and smartphones worldwide with the broadband access is expected to surge the growth of the market during the forecast period. C-RAN reduces the cost related to power consumption and controls the instable traffic. It also handles the data traffic issue in an innovative way. These are the factors contributing to the growth of the global C-RAN market.

Restraint: There many security standards which are mandatory to be followed during the implementation of C-RAN. These are the factors interrupting the growth of the market.

Opportunities: C-RAN is crucial for the successful implementation of 5G network. This factor is supposed to create many opportunities for the investors of the market.

Key Segments of the Market

The report has divided the market into different segments based on technology, component, network type, deployment venue, and regional analysis.

Technology: Centralized Sub-Segment Expected to be the Most Lucrative

Centralization technology sub-segment is predicted to garner the maximum revenue of $837.7 million during the forecast period. Technological advancements in wireless, optical, and communication systems is the main attributor behind the growth of the market segment.

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Component: Service Sub-Segment Estimated to be the Most Profitable

The services sub-segment is expected to generate the highest revenue of $786.1 million by the end of 2026. The main factor behind the growth of the market is the high investment by the service providers in R&D and product development of C-RAN technology.

Network Type: 5G Sub-Segment Predicted to be the Most Beneficial

The 5G network type is projected to record a revenue of $161.1 million at a CAGR of 19.9% during the forecast period. 5G infrastructure has become the most popular network so far because of its agile network traffic management, low energy cost, and best offering coverage. This is the main factor behind the growth of the market segment.

Deployment Venue: Large Venue Sub-Segment Expected to be the Most Lucrative

The large public venues sub-segment is predicted to garner the maximum revenue of $483.3 million at a CAGR of 11.4% during the analysis period. Installation of C-RAN technology in large public venues such as stadiums, malls or auditoriums is essential as these venues are occupied with large number of people.

Region: North America Expected to Dominate the Market

North America regional market accounted for $248.2 million in 2018, and it is further expected to register a revenue of $515.5 million by the end of 2026. The countries such as the US and Canada are the homes to the big telecom companies which has helped the market to flourish. This is the main factor behind the growth of the regional market.

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Key Market Players and Strategies

The most prominent leaders of the global C-RAN market players include

  1. ZTE Corporation.
  3. Telefonaktiebolaget LM Ericsson
  4. Intel Corporation
  5. Huawei Technologies Co., Ltd.
  6. Cisco Systems, Inc.
  7. ASOCS Ltd.
  8. NEC Corporation
  10. Nokia

These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.

In May 2020, Intel Corporation, an American multinational technology company, acquired Moovit, a mobility-as-a-service (MaaS) solutions company. This merger is intended to help Intel’s Mobileye in achieving its goal to become a complete mobility provider, including robotaxi services.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

In Addition, the report having some numorus point about the leading Business Manufactures, Like, SWOT analysis, Product Portfolio, Finanical Status - Inquire to Get access for Detailed Top Companies Development Strategy Report

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