The market size for global virtualized RAN (V-RAN) is anticipated to reach USD 7 billion by 2028 and the report covers various factors and trends influencing the market growth during the forecast period.
Dallas, United States - April 16, 2021 /MarketersMedia/ —
Virtualized RAN refers to the virtual radio access network also popularly known as C-RAN which stands for cloud radio access network. With higher degrees of smartphone penetration in the market resulting in excessive network congestion coupled with limited spectrum availability are effectively increasing the demand highly effective and efficient enhanced network architecture as cloud-based services provision. The modular development and emergence of 5G in the fast-paced technology-oriented world basing the network operation model is successfully augmenting the growth of the virtualized RAN market. Virtualized RAN architecture utilizes small-cell model, which has gained immense customer appeal with a promising pathway to approach the 5G standards.
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The major players of the global virtualized RAN market are Cisco Systems, Inc., Ericsson Inc., Fujitsu Limited, Juniper Networks Inc. Microchip Technology Inc., NEC Corporation, Qualcomm Technologies, Inc., Red Hat, Inc, Nokia Corporation, Huawei Technologies co. Ltd, Verizon Communications, Samsung Electronics Co., Ltd., ZTE Corporation, and more.
Based on the type of architecture, the global virtualized RAN market is fragmented as centralized-RAN and Cloud-RAN. Besides the cloud-base RAN services, the centralized baseband technology segment is widely used as a means to enhance the network performance in areas posing as traffic hotspots such as city-squares, offices, stadiums and commuter hubs involving concentration of high-density population with a ratio of per wireless network node is understood to drive the growth of the virtualized RAN market globally. The major objective of broad range of industries adopting cloud-RAN technology is reduction of capital expenditures incurred by mobile network operators which is basically accomplished by the application of network function virtualization (NFV), this is also a prominent contributor of the expected market growth.
The shifting market scenario and transformation of the network ecosystem mainly attributed to the ever-increasing demand for mobile data requirements and the evolution of 5G technologies. The currently existing radio network infrastructure is facing challenges owing to the massively rising network traffic coupled with lack of spectrum resources. The opportunities rising from the challenges are boosting Cloud radio access network with the ability to maximize productivity and minimize the overall ownership cost. This combined with increasing government support for the deployment of 5G is substantially projecting the market growth.
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The most prominent regional participant of the virtualized RAN market is Asia Pacific accounting for largest market share followed by North America. The responsible driving factors include rising deployment of cloud/virtual-RAN technologies and initiatives for commercialization of 5G in developing countries like Japan, South Korea and China will considerably drive the market growth. The second largest market share is attributed to North America mainly due to the strong influence of the U.S. as the most prominent contributor taking significant steps to enhance the IoT performance, autonomous vehicle systems and other advanced technologies by deploying 5G effectively.
Segment Overview of Global Account-Based Marketing Market
Communication Infrastructure Overview, 2018-2028 (USD Million)
• Small Cell
• Macro Cell
Connectivity Overview, 2018-2028 (USD Million)
• 2G
• 3G
• 4G/LTE
• 5G
Component Overview, 2018-2028 (USD Million)
• Central Unit
• Distributed Unit
• Radio Unit
• Others
End-User Overview, 2018-2028 (USD Million)
• Commercial
• Government & Defense
• Telecommunication
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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