Press release -
Cloud RAN market to be worth $11.31 billion in 2018
The cloud radio access network (RAN) market has been forecast to increase at a compound annual growth rate (CAGR) of 45.9% over the next five years, increasing from a value of around $1.71 billion at the beginning of 2013, to grow to a total of $11.31 billion in 2018.
With the swift and continuous advancements in technology, the telecommunication industry is experiencing tremendous changes.
Mobile operators have initiated an eco-friendly and centralised approach, Cloud RAN, in order to deliver quality mobile services to consumers, while maintaining their own profitability. Cloud RAN offers benefits over the traditional RAN systems and is an alternative approach for data transport in mobile communication.
A radio access network (RAN) is part of a mobile telecommunication system. It implements a radio access technology. Conceptually, it resides between a device such as a mobile phone, a computer, or any remotely controlled machine and provides connection with its core network (CN).
As the incumbent infrastructure remains under-utilized with heavy investments at stake, mobile equipment providers are now turning to the cloud for enhanced efficiency and productivity of the traditional infrastructure.
According to a recent market report, 'Cloud RAN Market (Radio Access Network): Worldwide Market Forecasts and Analysis 2013-2018,' Asia Pacific has been forecast to hold the largest market for cloud RAN in terms of geographical territories, and over the next five years, it is expected to experience the highest spending in the cloud RAN space.
With increasing investments and surging interest from the entire cloud and telecom ecosystem, the cloud RAN market is expected to grow at a rapid pace in the coming years.
Key players currently dominating the cloud RAN market include Intel, Ericsson, Huawei, Nokia Siemens Network (NSN), Alcatel-Lucent and China Mobile.
For more information on the cloud RAN market, see the latest research: Cloud RAN Market
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Topics
- Data, Telecom, IT
Categories
- cloud ran market
- cloud ran industry
Regions
- England
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