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How has the cloud-radio access network market grown over the years?

The market size of the cloud-radio access network has seen substantial growth in the past years. Its worth is projected to increase from $18.52 billion in 2024 to an impressive $23.4 billion in 2025, with a compound annual growth rate (CAGR) of 26.3%. The historical growth of this market is due to factors such as the growing demand for mobile data, the need for scalable and adaptive solutions, initiatives to cut costs, the necessity for network enhancement, and the development of 4G networks.

What Is the forecasted market size and growth rate for the cloud-radio access network market?

In the upcoming years, the cloud-radio access network market is projected to experience dramatic expansion, increasing to a size of $53.21 billion in 2029, propelled by a compound annual growth rate (CAGR) of 22.8%. The forecasted growth can be attributed to numerous factors such as the growing embracement of IoT (Internet Of Things) appliances, need for applications with low-latency, enhancement of mobile broadband facilities, escalating focus on the security of the network, and a drive towards network automation. Some of the main trends predicted for the forecast period involve the increase in multi-access edge computing (MEC), the embracement of Open RAN (Open Radio Access Network) blueprint, merging of telecommunication and cloud facilities, advanced mobile broadband (eMBB) applications, and the formation of hybrid cloud strategies.

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What are the major factors driving growth in the cloud-radio access network market?

The soaring need for high-speed data facilities is set to fuel the expansion of the cloud-based radio access network market. High-speed data facilities relate to telecom or internet services offering swift and efficient digital information transmission, typically marked by high data transfer speeds and minimal latency. The demand for these services is spurred by increasing dependencies on digital communication, streaming, and cloud-based apps, all requiring quicker and more efficient data dissemination. A cloud-based radio access network (RAN) elevates high-speed data facilities by centering processing functions, enhancing the network, and enabling dynamic scalability for a flexible and efficient network control. For example, the Telefonaktiebolaget LM Ericsson Mobility Report in November 2023 revealed that Sweden’s telecommunication and networking firm predicts a surge of 610 million new 5G subscriptions in 2023. This stands as a 63% rise from 2022, exceeding prior forecasts by 100 million and pushing the worldwide total to 1.6 billion. Future estimates indicate persistent growth, anticipating over 5.3 billion 5G subscriptions by the conclusion of 2029. Therefore, the escalating demand for high-speed data facilities is prompting the evolution of the cloud-based radio access network market.

What key areas define the segmentation of the global cloud-radio access network Market?

The cloud-radio access network market covered in this report is segmented –

1) By Types: Centralized-RAN (Radio Access Network), Virtualized Or Cloud RAN (Radio Access Network)

2) By Components: Solution, Services

3)By Network Types: 2G Or 3G, 4G LTE (Long Term Evolution), 5G

4) By Deployment: Indoor Deployment, Outdoor Deployment

5) By End User: Telecom Operators, Enterprises

Subsegments:

1) By Centralized-RAN (C-RAN): Baseband Unit (BBU) Pooling, Fronthaul

2) By Virtualized Or Cloud RAN (vRAN): Cloud-Based Baseband Unit (BBU), Software-Defined Radio (SDR), Virtualized Network Functions (VNFs)

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What are the top market players propelling the growth of the cloud-radio access network industry?

Major companies operating in the cloud-radio access network market are Samsung Electronics Co. Ltd., Microsoft Corporation, Reliance Industries, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc., Texas Instruments, ZTE Corporation, Amphenol, CommScope Holding Company Inc., Ciena Corporation, Infinera Corporation, VIAVI Solutions, Sterlite Technologies Limited, Anritsu, Ceragon Networks Ltd., Casa Systems

What are the key trends shaping the future of the cloud-radio access network market?

Leading businesses active in the cloud radio access network market are shifting their focus towards the creation of sophisticated solutions like pioneering cloud radio access network (RAN) systems. The move aims to enrich their market offerings while expanding product value to stimulate revenue growth. Cloud RAN remains a vital, cloud-native, centralized cellular network architecture, playing an essential role in modern network facilities in anticipation of the 5G future. A demonstration of this transition was provided in July 2023 when Telstra, an Australian telecom firm, entered into a partnership with the Swedish telecommunications giant Ericsson. The collaboration aimed to initiate Ericsson’s cloud RAN infrastructure on Telstra’s commercial 5G network operating in Australia. The business alliance of Telstra and Ericsson underscores a vow to expedite the progression of 5G technology in Australia. This progression is achieved by taking advantage of innovations like cloud RAN to elevate customer network capacity, reliability, performance, and security standards. The deployment of cloud RAN technology has been witnessed at multiple sites, including the Gold Coast in Queensland. Furthermore, the successful transition of two carrier frequencies, the 2600MHz and the 3600MHz, onto the cloud RAN infrastructure was achieved during this implementation.

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What regions are dominating the cloud-radio access network market growth?

Asia-Pacific was the largest region in the cloud-radio access network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud-radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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