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Cloud-RAN (Radio Access Network) Market

Market Insights on Cloud-RAN (Radio Access Network) covering sales outlook, demand forecast & up-to-date key trends

Cloud-RAN (Radio Access Network) Market by Component, Deployment, End User, Network Type & Region - Forecast 2022 - 2032

Cloud-RAN (Radio Access Network) Market Outlook (2022-2032)

The cloud-RAN market revenue by the end of 2021 was US$ 3.9 Bn. The cloud-RAN market is expected to reach US$ 126.5 Bn by 2032, as it is estimated to grow at a CAGR of 37.2% for 2022-2032.

Estimated Year (2021) Market Value

US$ 3.9 Bn

Projected Year (2032) Market Value

US$ 126.5 Bn

CAGR% (2022-2032)

37.2%

Top 5 Vendor Market Share

Around 35%

Cloud-RAN (Radio Access Network) is a radio access network that uses centralised architecture and cloud technology in which the base station, which receives signals from smartphones and other devices using wireless communication, forwards the signals to a core network.

However, unlike traditional base towers, which consist of a RRU (remote radio unit) and a BBU (baseband unit), The Cloud-RAN or C-RAN base stations only have an RRU component, and the BBU units, which handle the digital facet of the task, are collectively stored in a specific location known as the BBU hotel.

The cloud-RAN market consists of about 20% of the radio access network market.

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2017-2021 Cloud-RAN (Radio Access Network) Market Demand Outlook Compared to 2022-2032 Forecast

The cloud-RAN market is estimated to grow at a CAGR of 37.2% for the forecast period of 2022–2032.

The primary reasons for this estimated growth are the developments taking place worldwide to implement 5G technology. Cloud RAN offers greater flexibility, scalability, and the ability to handle greater network traffic, which can assist network companies in deploying their 5G services.

The number of smartphone users and internet users has increased significantly over the past few years, and the numbers are continuing to grow. For these reasons, the cloud-RAN market is estimated to grow at a rapid rate over the forecast period.

Cloud-RAN (Radio Access Network) Solution offer Cost Effectiveness to Telecommunication Companies

Development of RANs requires large investments as well as high operating costs. There are other associated costs as well. Although the costs remain constant, the RANs are not operating at full capacity during non-peak hours, such as night time.

BBU pooling allows the telecommunication companies to implement a cost-effective solution since their operating costs depend on the BBUs they pool together.

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Regional Analysis

North America is the region that had the largest market share in 2021, with a market share of 18.2%. and also holds the highest CAGR for the forecast period 2022-2032 of 35.7%.

North America has a large number of smartphone users and, along with that, there have been several technological developments taking place in this region like IoT, augmented and virtual reality, and self-driving cars, which require better telecommunication services to operate to the best of their abilities.

5G implementation is occurring at a rapid rate in this region and the presence of several large telecommunication companies consolidates the growth of the cloud-RAN market in this region.

Country wise insights

China’s Large Pool of Smartphone users can act as a Driver for the Cloud-RAN Market in the Country

China has the largest number of smartphone users in the world. 5G implementation has been occurring in this country at a rapid rate, and several large RAN companies like Nokia, Huawei, and Ericsson have a strong presence in this country as well.

China also has a large electronic manufacturing industry which has its sales and operations globally, and the implementation of cloud-RAN can help in the progress of these industries.

5G rollouts to soon initiate in India which can help in the growth of cloud-RAN market

India has a large base of smartphone users who have access to a fast internet connection. Several telecommunication companies in this country also intend to launch their 5G services by the end of 2022.

India has the largest number of smartphone and internet users globally, followed by China. For this reason, the cloud-RAN market is estimated to grow at a CAGR of 34.6% in India.

Technological advancements in USA and availability of resources can help the cloud

The USA has the presence of several large C-RAN solution providers which have the necessary resources to establish cloud-RAN solutions in the country. The presence of several metropolitan areas in this country and internet users also boosts the requirement for cloud-RAN solutions in this country as there is a massive load on cell towers during the peak hours of internet consumption.

Internet traffic in this country is also focused on various platforms like social media, online retail stores, crypto-mining, video streaming etc. For this reason, handling network traffic efficiently becomes a priority, and for these reasons, the USA is estimated to grow at a CAGR of 39.4%.

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Category wise Insights

Why do the cloud-RAN services have the faster growth rate?

Cloud-RAN services include various services like implementation services, consulting services, and support services. The services and other supportive activities that are necessary for the work on cloud-RANs continue after the deployment of the cloud-RAN solution.

There are several services involved in the cloud-RAN and there could be more developments as IoT and edge computing become widely used. For this reason, cloud-RAN services have a higher CAGR of 39.9%.

Why does cloud deployment for cloud-RAN market has the highest market share and highest growth rate?

The Cloud-RAN architecture has the BBU units located in a central location, away from the cell towers. This is also the architecture of the centralized-RANs. The differentiating factor is that there are several software solutions and services that are implemented in the cloud-RANS to improve the overall management of the network traffic.

For this reason, the cloud deployment method of cloud-RAN has a higher market share of 56.3% and a CAGR of 35.7%.

Why do telecom operators have the higher market share for cloud-RAN market?

Telecom companies are the ones that are highly invested in the hardware and software requirements of wireless communication compared to other enterprises. This sector also provides services directly to the public, which are used in large numbers globally and also has a more regular use of internet and telecommunication services.

Enterprises may not have the right expertise to dabble in the cloud-RAN market and would prefer to outsource their tasks to telecommunication companies. For this reason, telecom operators have a higher market share of 61.2% and a CAGR of 18.4%.

What is the scope of 5G networks in the cloud-RAN market?

The 5G network is the new form of mobile network introduced after its predecessor, the 4G mobile network. Several countries and companies have also started deploying 5G services. Although in its nascent stage, this mobile network is expected to dominate the mobile network market globally in the foreseeable future. For this reason, 5G network mode has the highest CAGR of 39.4%.

Competitive Landscape

Cloud-RANs are currently being provided by several smartphone manufacturers and telecommunication companies. However, these companies also partner with cloud solution and service providers to improve the quality of their solution offerings.

  • Ericsson and Intel announced a partnership in May 2022 to integrate their R&D to create high-quality cloud-RAN solutions. Both for improving power management and for achieving the same goal, they have established a tech hub in California, USA.
  • In March 2021, Nokia partnered with Microsoft. Through the partnership, Nokia intends to integrate several RAN features like radio access control, multi-access edge cloud and open RAN with Microsoft Azure. The expected end result is better performance and an improved end-use experience.

Scope of report

Attribute

Details

Market value in 2021

US$ 3.9 Bn

Market CAGR 2022 to 2032

37.2%

Share of top 5 players

Around 35%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

USD Billion for Value

Key Regions Covered

North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa

Key Segments Covered

Component, deployment, end user and network type

Key Companies Profiled

  • Ericsson
  • Nokia
  • Huawei
  • Cisco
  • NEC
  • Samsung
  • Altiostar
  • ZTE
  • Fujitsu
  • Intel
  • HRMavenir Systems, Inc.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Cloud-RAN (Radio Access Network) by Category

By Component:

  • Solution
  • Services
    • Consulting Services
    • Implementation Services
    • Support Services

By Deployment:

  • Centralized
  • Cloud

By End User:

  • Telecom Operators
  • Enterprises

By Network Type:

  • 5G
  • 4G
  • 3G and 2G

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

Some leading companies are Ericsson, Huawei, Nokia and Intel corporation.

North America is estimated to have the highest growth for the cloud-RAN market during the forecast period of 35.7%.

Handling network traffic better and reducing operational costs.

Cloud deployment had the largest market share for the Cloud-RAN (Radio Access Network) market of 56.3% in 2021.

Cloud-RAN services have the highest CAGR of 39.9% for the forecast period.

The market share of South Asia and Pacific for the year 2021 is 10.2%.

North America had a market share of 37.5% in 2021 for cloud-RAN market.

U.S has the highest CAGR for the forecast period, which is 39.4%.

The estimated market value for cloud-RAN market for the year 2022 is US$ 5.4 Bn.

For East Asia region, the CAGR for the forecast period is estimated to be 30.1%.

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Sudip Saha
Principal Consultant
LinkedIn
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Cloud-RAN (Radio Access Network) Market