Cloud/Centralized Radio Access Network Market Growth and Forecast Report, 2030

NEW YORK - March 4, 2024 - PRLog -- 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.

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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.