“Cloud Radio Access Network (C-RAN) Market (By Component- Remote radio system, Test & measurement equipment, Baseband unit, Server, Processor, Optical Transport Unit. By End User- Defense & Military, Retail, Healthcare, Government, BFSI, Manufacturing, Media & Entertainment, Transportation & Logistics. By Service-Network service, Custom, System integration) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025”, in terms of revenue, the cloud radio access network (C-RAN) market was valued at US$ 594.3 Million in 2016, and is expected to reach US$ 1,004.1 Million by 2025, expected to grow at a CAGR of 5.3% from 2016 to 2025.
Cloud radio access network or C-RAN is an advanced way of cellular network architecture. Cloud radio access network supports 2G, 3G and 4G network and is mainly for mobile network infrastructure. C-RAN is a wireless communication technology. The rise in the growth of mobile data trafficking is the key factor behind the growth of this market. In telecommunication sector, the rising technology advancement is predicted to drive the cloud radio access network. Moreover, the increase in number of smartphones and tablets along with the increasing technology advancement is set to lead the cloud RAN market to a positive market growth. Additionally, cloud radio access network also serves as a purpose to reduce operational expenditures and for this the increasing need for communication solutions for major market players is further assumed to augment the growth of the market during the projection period of 2016-2025.