According to a new market research report ”Cloud Radio Access Network (C-RAN) Marketby Technology (Centralization and Virtualization), Component (Solutions andServices), Deployment Venue, and Region (North America, Europe, APAC, MEA, andLatin America) - Global Forecast to 2022", published byMarketsandMarkets™, The global C-RAN market size is expected to grow from USD681.6 Million in 2017 to USD 1,132.3 Million by 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 factorsdriving the growth of the C-RAN market.
Browse 68 Market Data Tables and40 Figures spread through 131 Pages and in-depth TOC on "Cloud Radio Access Network (C-RAN) Market byTechnology (Centralization and Virtualization), Component (Solutions andServices), Deployment Venue, and Region (North America, Europe, APAC, MEA, andLatin America) - Global Forecast to 2022"
Major Key Companies:
The C-RAN market report includes the competitive landscape,which presents the positioning of the 25 key C-RAN vendors, based on theirproduct offerings and business strategies. Some of the major C-RAN vendors areNokia 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), NEC Corporation (Japan),Fujitsu (Japan), Intel Corporation (US), Mavenir (US), and ASOCS Ltd. (Israel).
The North American region is expected to witness the highestCAGR during the forecast period in the C-RAN market. North America, being oneof the most technologically advanced regions in the world, is connected withcomplex networks across all industries in different verticals. The dot-com boomin the early 2000s led to more IT companies and enterprises connecting theirgeographically dispersed assets using complex networks. This region offers themost innovative and fastest services available in the world through its networkinfrastructure.
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