How big is the C-RAN Market?

The C-RAN Market size is expected to reach USD 13.85 billion in 2024 and grow at a CAGR of 24.61% to reach USD 41.60 billion by 2029. Read More

What is the current C-RAN Market size?

In 2024, the C-RAN Market size is expected to reach USD 13.85 billion. Read More

Which is the fastest growing region in C-RAN Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in C-RAN Market?

In 2024, the Asia Pacific accounts for the largest market share in C-RAN Market. Read More

What years does this C-RAN Market cover, and what was the market size in 2023?

In 2023, the C-RAN Market size was estimated at USD 10.44 billion. The report covers the C-RAN Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the C-RAN Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Radio Access Network Market Size & Share Analysis - Industry Research Report

Cloud Radio Access Network Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Cloud Radio Access Network (C-RAN) Market Report is Segmented by Component (Solution, Service (Professional, Managed)), Network Type (5G, 4g, Lte, 3g (EDGE)), And Geography (North America, Europe, Asia Pacific, Latin America, And Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Cloud Radio Access Network Industry Overview

The cloud radio access network market is fragmented, and the intensity of competitive rivalry is high due to the significant growth in strategic collaborations. The demand from the buyers has actively led the incumbents to invest in solutions and keep the contracts intact; some of the key players in the market are Cisco Systems Inc., Nokia Corporation, Huawei Technologies Co. Ltd, Telefonaktiebolaget LM Ericsson, and Intel Corporation.

In October 2023, Nokia and Elisa declared that they had completed the industry's first trial of Cloud RAN, which was powered by In-Line acceleration. The successful trial occurred at Elisa's headquarters in Finland, where it utilized its commercial 5G Standalone RAN and 5G Core. The trial mainly builds on Nokia's anyRAN approach, which was established to ensure the feature richness, energy efficiency, and high performance of Cloud RAN compared to purpose-built RAN. Using In-Line layer 1 (L1) acceleration ensures each of these aspects while allowing flexibility to select between x86 and ARM-based ecosystems.
In September 2023, Ericsson and Google expanded their partnership with Google Cloud to develop an Ericsson Cloud RAN solution on Google Distributed Cloud (GDC). As per Ericsson, the partnership to develop an Ericsson Cloud RAN on GDC aims to offer integrated automation and orchestration and leverage AI /ML for communications service providers to benefit from. The partners successfully demonstrated the complete implementation of the Ericsson vDU (virtualized distributed unit) and vCU (virtualized central unit) on GDC Edge, running the solution on a live network in the Ericsson Open Lab in Ottawa, Canada.