C-RAN market expected to generate revenue of $70.46 bn by 2030
As per the deep research carried out by Verified Market Research®, the global Cloud Radio Access Network (C-Ran) Market size was valued at USD 3.88 Billion in 2021 and is projected to reach USD 70.46 Billion by 2030, growing at a CAGR of 38% from 2023 to 2030.
Global Cloud Radio Access Network (C-Ran) Market Overview
The Cloud Radio Access Network or C-RAN is a cellular network architecture that uses the technology of cloud computing. It is a part of the radio access network which is also used in cellular technologies such as 2G, 3G, and 4G. Newer wireless networks are also being developed based on this architecture because of its advantages such as high reliability, low latency, high bandwidth, and cost-effective application. Because of these advantages, C-RAN technology is popularly used in the IT industry.
The global market for Cloud Radio Access Network technology is experiencing market growth because of decreasing operation costs along with rising capital investment. Technology developments related to wireless and telecommunication technology have propelled the accessibility of technologies such as 4G and 5G connectivity, thus aiding the C-RAN market exponentially. The rising demand for energy and cost-efficient power sources and the rising use of smart devices are further estimated to drive the C-RAN market further.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Cloud Radio Access Network (C-Ran) Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
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