Cloudand on-premises Cloud Radio Access Network (C-RAN) software empowerorganizations to reduce costs, increase operational efficiencies, and avoidnon-compliances. MarketsandMarkets expects the C-RAN market size to grow fromUSD 681.6 Million in 2017 to USD 1,132.3 Million in 2022, at a Compound AnnualGrowth Rate (CAGR) of 10.7%. Rapid Capital Expenditure (CAPEX) and OperationalExpenditure (OPEX) reduction, and 4G and 5G accessibility are the major drivingfactors for the C-RAN market.
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Themajor C-RAN vendors are Nokia Corporation (Finland), Cisco Systems, Inc. (US),Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Altiostar(US), Ericsson AB (Sweden), Huawei Technologies Co. Ltd. (China), NECCorporation (Japan), Fujitsu (Japan), Intel Corporation (US), Mavenir (US), andASOCS Ltd. (Israel). New product launches and partnerships are the keystrategies adopted by these market players to offer feature-rich products andservices to their customers and penetrate deeper into unserved regions.
NokiaCorporation is one of the leading vendors offering C-RAN solutions. Thecompany’s strategy is to provide highly competitive products and solutions inthe C-RAN market. Nokia is expected to introduce its 4.9G technologies by theend of 2017, allowing operators to dramatically enhance their networkperformance and manage the significantly higher infrastructure demands on thepath to 5G. In May 2017, Nokia Corporation and KDDI Corporation collaboratedusing Nokia’s AirScale Radio for implementing wireless ultra-broadband in themegacities. In March 2017, Nokia Corporation and TIM extended their partnershipfor the expansion of 4G LTE network, which falls in the 700 MHz spectrum band.
Anothermarket-leading company, Ericsson AB, has adopted the strategies of new productdevelopments, collaborations, and partnerships to gain a competitive advantagein the C-RAN market. The company introduced Gigabit LTE and created theHyperscale Cloud RAN in May 2017. Previously, in February 2017, the companycollaborated with China Mobile to jointly provide a demonstration on a5G-enabled smart factory. Ericsson also entered into a strategic partnershipwith Vodafone to carry out a joint research on the 5G technology for supportingthe development of IoT.
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