Cloud-Radio Access Network Global Market Report 2024

The cloud-radio access network market size has grown exponentially in recent years. It will grow from $14.63 billion in 2023 to $18.52 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%. The expansion witnessed in the historical period can be attributed to a rising demand for mobile data, imperative scalability and flexibility needs, cost-saving endeavors, the necessity for network optimization, and the evolution of 4G networks.

The cloud-radio access network market size is expected to see exponential growth in the next few years. It will grow to $43.61 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%. The expansion projected for the forecast period can be attributed to the increasing adoption of IoT (Internet of Things) devices, the demand for low-latency applications, the expansion of mobile broadband services, a growing emphasis on network security, and the push towards network automation. Major trends anticipated in this period include the emergence of multi-access edge computing (MEC), the adoption of Open RAN (Open Radio Access Network) architecture, the convergence of telecommunications and cloud services, the proliferation of enhanced mobile broadband (eMBB) applications, and the development of hybrid cloud strategies.

The increasing demand for high-speed data services is poised to drive the expansion of the cloud-based radio access network (RAN) market in the foreseeable future. High-speed data services, characterized by rapid and efficient digital information transmission with low latency, are propelled by the growing reliance on digital communication, streaming, and cloud-based applications. This trend necessitates faster and more efficient data transfer methods. Cloud-based RAN enhances high-speed data services by centralizing processing functions, optimizing networks, and enabling dynamic scalability for efficient and flexible network management. For instance, in November 2023, according to the Telefonaktiebolaget LM Ericsson Mobility Report, the global number of 5G subscriptions is expected to reach 1.6 billion, reflecting a 63% increase from 2022. Projections suggest sustained growth, with over 5.3 billion 5G subscriptions anticipated by the end of 2029. Consequently, the rising demand for high-speed data services is propelling the development of the cloud-based radio access network market.

Key players in the cloud radio access network market are increasingly focused on developing advanced solutions, such as innovative cloud RAN infrastructure, to enhance market offerings and drive revenue growth. Cloud RAN, a cloud-native, centralized cellular network architecture, is pivotal in modernizing networks to support the 5G era. For example, in July 2023, Telstra, an Australia-based telecommunications company, collaborated with Ericsson, a Sweden-based telecom giant, to introduce Ericsson's cloud RAN infrastructure on Telstra's commercial 5G network in Australia. This partnership underscores a commitment to advancing 5G technology by leveraging innovative solutions such as cloud RAN to improve network capacity, reliability, performance, and security for customers. Cloud RAN technology has been successfully deployed in various locations, including the Gold Coast in Queensland. Additionally, two carrier frequencies, 2600MHz and 3600MHz, have been smoothly transitioned to the cloud RAN infrastructure in this implementation.

In January 2024, Hewlett Packard Enterprise Development LP (HPE), a US-based edge-to-cloud company, completed the acquisition of Juniper Networks Inc. for $14 billion. This strategic move is intended to expand HPE's market presence, strengthen its networking portfolio, foster innovation, and make a significant impact on the cloud-radio access network (RAN) market. By integrating Juniper Networks' expertise and solutions, HPE aims to offer improved networking solutions, AI-driven innovation, expanded market reach, and a strong focus on secure connectivity. Juniper Networks Inc., based in the US, is a leading provider of cloud radio access network (RAN) solutions.

Major companies operating in the cloud-radio access network market are Samsung Electronics Co. Ltd., Microsoft Corporation, Reliance Industries, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Advanced Micro Devices Inc., Texas Instruments, ZTE Corporation, Amphenol, CommScope Holding Company Inc., Ciena Corporation, Infinera Corporation, VIAVI Solutions, Sterlite Technologies Limited, Anritsu, Ceragon Networks Ltd., Casa Systems.

Asia-Pacific was the largest region in the cloud-radio access network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud-radio access network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud-radio access network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud-radio access network (RAN) represents a network framework that consolidates and virtualizes baseband processing functions within a central data center or cloud infrastructure. Its primary objective is to bolster network scalability, elevate performance, and optimize radio networks through real-time virtualization and cloud computing technologies. This architecture also assumes a pivotal role in the advancement of 5G networks.

The principal categories of cloud-radio access networks encompass centralized RAN (C-RAN), virtualized RAN, and cloud RAN. C-RAN entails an architecture wherein baseband processing is centralized, facilitating efficient resource allocation and heightened performance within radio access networks. Components of cloud-radio access networks encompass solutions and services that seamlessly integrate various network generations such as 2G, 3G, 4G (LTE), and 5G. Deployment options include both indoor and outdoor modes, catering to end-users such as telecom operators and enterprises.

The cloud-radio access network research report is one of a series of new reports that provides cloud-radio access network market statistics, including the cloud-radio access network industry's global market size, regional shares, competitors with a cloud-radio access network market share, detailed cloud-radio access network market segments, market trends and opportunities, and any further data you may need to thrive in the cloud-radio access network industry. This cloud-radio access network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cloud-radio access network market consists of revenues earned by entities by providing services such as radio resource management, network slicing, network orchestration, consulting services, and cloud infrastructure management. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud-radio access network market also includes sales of products such as distributed units (DU), cloud infrastructure hardware, and network management software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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