The C-RAN market had a value of USD 18.8 billion in 2023, and it will grow at a rate of 27.3% by the end of this decade, to touch USD 101.7 billion by 2030.
This is because of the prompting need for LTE services, the growing use of 5G network, the increasing focus on automation, the increasing digitalization rate, the mounting requirement for loT.
On the basis of component, the infrastructure category is leading the industry. This is because of the high investments by telecom operators in 4G, 5G, and LTE technologies and the rising deployment of C-RAN for many radio protocol support.
Furthermore, the investment made in the infrastructure category is expensive and resource-intensive, but it is important for an area’s financial growth and propensity.
On the basis of network type, the LTE & 5G category is the leader of the C-RAN market, with the largest share of about 60%, in 2023. This is credited to the massive progress in data traffic and high-power use by present network architecture. LTE & 5G are low-latency and high-speed networks, and they are more efficient for C-RAN operations.
Furthermore, the growing presence of 5G networks at the global level will be one of the decisive factors for the development of the industry.
On the basis of application, the targeted outdoor urban areas category will grow the fastest in the years to come. This growth is reinforced by numerous important factors, for example C-RAN arrangement in targeted outdoor urban areas offers the possibilities for reinforced performance efficiency.
For urban surroundings signalized by high data requirements, C-RAN technology can offer faster data speeds and latency reduction, meeting the expectations of users relying on seamless connectivity.
Furthermore, the arrangement of C-RAN in urban areas strengthens the network infra. This chiefly means that telecom operators can improve their continuing setups, making them stronger and more well-organized deprived of the requirement for extensive physical changes.
The aptitude to combine C-RAN arrangement harmoniously into urban settings is a prominent advantage over traditional RAN disposition.
On the basis of architecture, the centralized category has a larger share. This is due to the fact that the centralized architecture, the processing of baseband is integrated into a central location, and RRUs are attached to a central site through a network carried by digitalized band base signals amid the centralized site and the RRUs.
Likewise, the well-organized resource distribution and less power consumption are all authorized by this architecture.
The growing rate of digitalization has a lot to do with the growing demand for C-RAN solutions all over the world, and this will continue in the future as well.
