Newly-released data by Fact.MR reveals that the global Cloud Radio Access Network market is currently valued at US$ 134.8 million and is projected to reach US$ 189.2 million by 2032, expanding at 3.4% CAGR over the decade.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Cloud Radio Access Network market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Cloud Radio Access Network market.

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Key findings of the Cloud Radio Access Network market study:

  • Regional breakdown of the Cloud Radio Access Network market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Cloud Radio Access Network vendors in detail.
  • Region-wise and country-wise fragmentation of the Cloud Radio Access Network market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Cloud Radio Access Network market.

Key Companies Profiled

  • Nokia Corporation
  • Ericsson
  • Huawei Technologies Co. Ltd.
  • ZTE Corporation
  • Samsung Electronics Co. Ltd.
  • NEC Corporation
  • Altiostar
  • Fujitsu Limited
  • Intel Corporation
  • Mavenir
  • Cisco
  • ASOCS Ltd.
  • Radisys Corporation
  • CommScope Inc.
  • Artiza Networks Inc.
  • Anritsu Corporation

Competitive Landscape

Prominent service providers are taking advantage of the rapidly digitizing landscape to introduce new services equipped with cutting-edge innovative technology. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

  • Finnish telecom giant Nokia Corporation collaborated with SK Telecom in January 2022, in order to provide the 5G 64TRX wireless-based vRAN, a highly advanced cloud-based radio access network platform, across South Korea. Both companies have successfully completed a proof-of-concept and demonstration of the said service, enabling them to meet agile computing requirements
  • In October 2020, Ericsson introduced its own cloud radio access network platform which would enable communications service providers add greater flexibility and versatility to their networks. The solution complements high-performing purpose-built baseband offerings in the Ericsson Radio System portfolio, providing service providers an optimal choice for any deployment scenario and need
  • In February 2022, Huawei Technologies Co. Ltd. unveiled new upgrades to its end-to-end Intelligent Cloud Network Solution. These upgrades are scheduled to take place across three major domains- CloudCampus 3.0, CloudWAN 3.0 and CloudFabric 3.0– and will release non-stop computing power and intelligence to every enterprise, accelerating digital transformation across industries
  • ZTE Corporation announced in March 2022 that it has updated its 5G radio access network portfolio by introducing the new-generation Massive MIMO product series- including the 32TR and 64TR AAUs, up to 192 antenna elements and 320 watt, as well as the world’s lightest Massive MIMO product, weighing only 9 kilograms.

Key Segments Covered in the Cloud Radio Access Network Industry Report

  • By Component :
    • Solutions
    • Services
      • Consulting Services
      • Implementation Services
      • Support Services
  • By Deployment :
    • Centralized
    • Cloud Radio Access Network
  • By End User :
    • Telecom Operators
    • Enterprises
  • By Network Type :
    • 5G
    • 4G
    • 3G & 2G
  • By Region :
    • North America
    • Europe Asia Pacific
    • Middle East & Africa
    • Latin America

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Queries addressed in the Cloud Radio Access Network market report:

  • Why are the Cloud Radio Access Network market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global Cloud Radio Access Network market?
  • Which regions are displaying the fastest growth in the Cloud Radio Access Network market?
  • What are the underlying micro- macroeconomic factors affecting the global Cloud Radio Access Network market?

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