Cloud radio access network or cloud RAN is a network structural design that helps in making inexpensive deployment of small cells. It is an innovative network architecture that aims at meeting the rapidly growing demand in the mobile data traffic. Cloud RAN is coming across as a handy tool for to curb the rising demand for high quality of mobile services. Increasing rate of adoption and growing competition are the two strongest drivers for the cloud radio access network market. The industry for this technology is poised to continue growing at the current speed for the next few years, which is great news for the potential investors of the market.
Cloud Radio Access Network Industry Trends
Cloud based radio access network come across as the cost efficient technology in the mobile service sector. Mobile network operators from around the world are facing the pressure of tackling the rising demand for capacity and coverage, which is caused by explosive growth in demand for data traffic. Cloud based RAN technology facilitates active swiftness in mobile communication, which makes it vital for operators searching for cost effective and sturdy network solutions. The technology also helps reducing OPEX and CAPEX and improves efficiency and performance of the systems. Rising demand for smartphones, tablets and advanced laptop computers is a big driver for the market.
Rather than being a replacement for the conventional technology, cloud RAN works as an efficient alternative for the industries looking for better utilization of network infrastructure and other base solutions. Cloud radio access network market is segmented based on the types of devices and their applications. Geographically, the maker is segmented into five regions. These regions include North America, Latin America, Asia Pacific, Middle East and Africa and Europe. In-depth study of the global market explains that it is poised to make impressive growth from 2013 to 2018.
Analysis of the key trends, challenges, components and opportunities in the market forecast the industry for cloud radio access network to grow at a CAGR of 45.9% by 2018. During the forecasting period, the market is anticipated to make strong growth in terms of revenue, deployment, adoption and innovation in terms of advanced technologies. Due to these trends the market is estimated to become worth more than $11.31 billion in 2018. In 2013, the industry was poised at $1.71 billion. As far as geographic regions are concerned, the industry is largely dominated by North America and Asia Pacific. Remarkable growth in emerging markets is a positive sign for the global IT industry.