Cloud-RAN Market Report 2024 (Global Edition)

Global Cloud-RAN Market Report 2024 Market Size Split by Component (Solution, Services, Solution, Services, Consulting Services, Implementation Services, Support Services), by Deployment (Centralized,...

Cloud-RAN Market Report Description

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Competitive Landscape of the Cloud-RAN Market

The competitive landscape of the Cloud-RAN (C-RAN) market is characterized by intense competition among key players striving to gain a significant market share. Leading companies in the market include Huawei Technologies Co., Ltd., Nokia Corporation, Ericsson AB, ZTE Corporation, Samsung Electronics Co., Ltd., and Cisco Systems, Inc., among others.

Cloud-RAN industry news

In March 2022, Nokia acquired Elenion Technologies, a US-based company focusing on the photonics technology. The company aims at expanding by utilizing Elenion Technologies' expertise and unique design platform to improve the optical connectivity of 5G, cloud, and enterprise networking.

(Source: https://www.fibre-systems.com/news/nokia-acquires-elenion-expand-market-footprint#:~:text=Nokia%20is%20acquiring%20silicon%20photonics,5G%2C%20cloud%20and%20enterprise%20networking.)

In October 2019, NEC announced the launch of FIWARE-based smart cities platform in India. The new product is based on FIWARE foundation's open source platform, which supports Next Generation Service Interfaces (NGSIS).

(Source: https://in.nec.com/en_IN/press/201910/20191025_01.html)

Top Companies Market Share in Cloud-RAN Industry: (In no particular order of Rank)

• Altiostar Networks
• ASOCS Ltd.
• Cisco Systems Inc.
• Telefonaktiebolaget LM Ericsson
• Fujitsu Limited
• Huawei Technologies Co. Ltd.
• Intel Corporation
• HRMavenir Systems Inc.
• NEC Corporation
• Samsung Electronics Co. Ltd.
• Nokia Corporation
• ZTE Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Cloud-RAN

Which Region Dominates the Cloud-RAN Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Cloud-RAN (C-RAN) market due to several key factors. Firstly, North America boasts a mature telecommunications infrastructure, with widespread adoption of advanced technologies such as 5G and LTE. This infrastructure provides a solid foundation for the deployment of Cloud-RAN solutions, driving the market's growth. Additionally, the region is home to several major telecom operators and technology giants, including AT&T, Verizon, and Cisco Systems, which are at the forefront of C-RAN deployment and innovation.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the Cloud-RAN (C-RAN) market due to several compelling factors. Firstly, the region is experiencing rapid urbanization and population growth, leading to increased demand for high-speed mobile connectivity and data services. This demand is further fuelled by the growing adoption of smartphones, IoT devices, and digital applications across various sectors such as healthcare, manufacturing, and retail. Additionally, Asia-Pacific is witnessing significant investments in 5G infrastructure by governments, telecom operators, and technology vendors to support the region's digital transformation initiatives and drive economic growth.

The current report Scope analyzes Cloud-RAN Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cloud-RAN Market

According to Cognitive Market Research, the global Cloud-RAN market size was estimated at USD 14512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 5804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.2% from 2024 to 2031.In North America, the Cloud-RAN market showcases promising growth prospects driven by several factors. From a regional analysis standpoint, North America leads the global Cloud-RAN market due to the region's advanced telecommunications infrastructure and widespread adoption of cloud-based technologies. The United States and Canada are the primary contributors to market growth, with major telecom operators investing significantly in Cloud-RAN deployments to enhance network efficiency and performance. Segmentation analysis reveals that the Cloud-RAN market in North America is categorized based on deployment models, including centralized and cloud-based architectures. In conclusion, North America presents a lucrative landscape for Cloud-RAN vendors and service providers, driven by the region's technological advancement, high smartphone penetration, and increasing data consumption.

• According to Cognitive Market Research, the US had a major share in the Cloud-RAN market with a market size of USD 4580.05 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period. The demand is amplified by the nation's advanced telecommunications infrastructure and widespread adoption of cloud-based technologies propels consistent growth. 
• The Canada Cloud-RAN market had a market share of USD 696.59 million in 2024 and is projected to grow at a CAGR of 27.0% during the forecast period. Canada's rising widespread adoption of cloud-based technologies.
• The Mexico Cloud-RAN market is projected to witness growth at a CAGR of 26.7% during the forecast period with a market size of USD 528.24 million in 2024.

Europe Cloud-RAN Market

According to Cognitive Market Research, the global Cloud-RAN market size was estimated at USD 14512.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 4353.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.5% from 2024 to 2031.Europe is a significant market for Cloud-RAN, driven by the region's advanced telecommunications infrastructure and the increasing demand for high-speed connectivity. The presence of key market players and the supportive regulatory environment further contribute to the market growth in this region. In terms of segmentation, the Cloud-RAN market in Europe can be categorized based on deployment type, organization size, and end-user industry. Deployment type includes cloud-based and on-premises solutions, with cloud-based solutions gaining traction due to their scalability and cost-effectiveness. In conclusion, the Cloud-RAN market in Europe is poised for significant growth, driven by factors such as the region's advanced telecommunications infrastructure, increasing investments in 5G deployment, and the presence of key market players.

• The United Kingdom Cloud-RAN market had a market share of USD 731.41million in 2024 and is projected to grow at a CAGR of 27.3% during the forecast period. In the UK, Cloud-RAN sales witness an upswing due to the nation's advanced telecommunications infrastructure.
• The France Cloud-RAN market is projected to witness growth at a CAGR of 25.7% during the forecast period with a market size of USD 400.54million in 2024.
• According to Cognitive Market Research, the Germany Cloud-RAN market size was valued at USD 862.02million in 2024 and is projected to grow at a CAGR of 26.7% during the forecast period. In Germany, Cloud-RAN sales surge due to the increasing demand for high-speed connectivity. 
• The Italy Cloud-RAN market is projected to witness growth at a CAGR of 25.9% during the forecast period with a market size of USD 374.41million in 2024.
• The Russia Cloud-RAN market is projected to witness growth at a CAGR of 25.5% during the forecast period with a market size of USD 674.82million in 2024.
• The Spain Cloud-RAN market is projected to witness growth at a CAGR of 25.6% during the forecast period with a market size of USD 357.00million in 2024.
• The Luxembourg Cloud-RAN market is projected to witness growth at a CAGR of 26.6% during the forecast period with a market size of USD 134.96million in 2024.
• The Portugal Cloud-RAN market is projected to witness growth at a CAGR of 26.3% during the forecast period with a market size of USD 91.43million in 2024.
• The Greece Cloud-RAN market is projected to witness growth at a CAGR of 26.8% during the forecast period with a market size of USD 52.24million in 2024.
• Rest of Europe Cloud-RAN market is projected to witness growth at a CAGR of 25.2% during the forecast period with a market size of USD 674.82million in 2024.

Asia Pacific Cloud-RAN Market

According to Cognitive Market Research, the global Cloud-RAN market size was estimated at USD 14512.2 Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 3337.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.0% from 2024 to 2031.In the Asia-Pacific region, the Cloud-RAN market is experiencing rapid growth driven by various factors contributing to the region's telecommunications landscape. Regional analysis indicates a significant surge in demand for advanced mobile network infrastructure, fuelled by the exponential increase in mobile data traffic and the ongoing deployment of 5G networks across key economies such as China, Japan, South Korea, and India. Segmentation analysis reveals key categories within the Asia-Pacific Cloud-RAN market, including deployment models and end-user segments. Centralized and cloud-based deployment architectures are prevalent, with cloud-based solutions gaining traction due to their scalability and cost-effectiveness, particularly in emerging markets where traditional infrastructure deployment may be challenging. In conclusion, the Asia-Pacific region presents a fertile ground for the growth of the Cloud-RAN market, driven by the region's dynamic telecommunications landscape and the increasing adoption of advanced mobile technologies.

• According to Cognitive Market Research, the China Cloud-RAN market size was valued at USD 1502.01million in 2024 and is projected to grow at a CAGR of 29.5% during the forecast period. Cloud-RAN sales surge in China due to their scalability and cost-effectiveness.
• The Japan Cloud-RAN market is projected to witness growth at a CAGR of 28.5% during the forecast period with a market size of USD 460.62million in 2024.
• The India Cloud-RAN market had a market share of USD 400.54million in 2024 and is projected to grow at a CAGR of 31.8% during the forecast period. The demand is augmented by India's increasing adoption of advanced mobile technologies.
• The South Korea Cloud-RAN market is projected to witness growth at a CAGR of 29.1% during the forecast period with a market size of USD 333.78million in 2024.
• The Australia Cloud-RAN market is projected to witness growth at a CAGR of 29.7% during the forecast period with a market size of USD 173.57million in 2024.
• The South East Asia Cloud-RAN market is projected to witness growth at a CAGR of 31.0% during the forecast period with a market size of USD 230.31million in 2024.
• The Rest of Asia Pacific Cloud-RAN market is projected to witness growth at a CAGR of 29.8% during the forecast period with a market size of USD 236.98million in 2024.

 

South America Cloud-RAN Market

According to Cognitive Market Research, the global Cloud-RAN market size was estimated at USD 14512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 725.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.4% from 2024 to 2031.In Latin America, the Cloud-RAN market is experiencing steady growth driven by increasing demand for advanced telecommunications infrastructure and services across the region. Regional analysis indicates that countries such as Brazil, Mexico, Argentina, and Colombia are witnessing significant investments in 4G and 5G network deployments to address growing mobile data traffic and improve network performance. Segmentation analysis reveals key categories within the Latin American Cloud-RAN market, including deployment models, network types, and end-user segments. Centralized and cloud-based deployment architectures are prevalent, with telecom operators adopting these solutions to enhance network efficiency and reduce operational costs. In conclusion, Latin America presents promising opportunities for the Cloud-RAN market, driven by the region's increasing demand for advanced mobile connectivity and the ongoing evolution of telecommunications infrastructure.

• According to Cognitive Market Research, the Brazil Cloud-RAN market size was valued at USD 310.56million in 2024 and is projected to grow at a CAGR of 28.0% during the forecast period. Cloud-RAN sales flourish in Brazil due to the nation's increasing demand for advanced mobile connectivity and the ongoing evolution of telecommunications infrastructure.
• The Argentina Cloud-RAN market had a market share of USD 121.90million in 2024 and is projected to grow at a CAGR of 28.3% during the forecast period. The demand is augmented by Argentina's ongoing evolution of telecommunications infrastructure.
• The Colombia Cloud-RAN market is projected to witness growth at a CAGR of 27.2% during the forecast period with a market size of USD 64.58million in 2024.
• The Peru Cloud-RAN market is projected to witness growth at a CAGR of 27.6% during the forecast period with a market size of USD 59.50million in 2024.
• The Chile Cloud-RAN market is projected to witness growth at a CAGR of 27.7% during the forecast period with a market size of USD 52.24million in 2024.
• The Rest of Latin America Cloud-RAN market is projected to witness growth at a CAGR of 26.5% during the forecast period with a market size of USD 116.82million in 2024.

 

Middle East and Africa Cloud-RAN Market

According to Cognitive Market Research, the global Cloud-RAN market size was estimated at USD 14512.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 290.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.7% from 2024 to 2031.In the Middle East and Africa (MEA) region, the Cloud-RAN market is witnessing substantial growth driven by increasing demand for advanced telecommunications infrastructure, particularly in urban areas. Regional analysis indicates that countries such as the United Arab Emirates (UAE), Saudi Arabia, South Africa, and Nigeria are leading the adoption of Cloud-RAN technology to address growing mobile data traffic and support the deployment of 5G networks. Segmentation analysis reveals key categories within the MEA Cloud-RAN market, including deployment models, network types, and end-user segments. Centralized and cloud-based deployment architectures are prevalent, with telecom operators leveraging these solutions to improve network efficiency and scalability. In conclusion, the MEA region presents significant opportunities for the Cloud-RAN market, driven by the region's growing demand for advanced mobile telecommunications solutions and the deployment of next-generation networks.

• According to Cognitive Market Research, the GCC Countries Cloud-RAN market size was valued at USD 124.22million in 2024 and is projected to grow at a CAGR of 28.5% during the forecast period. Cloud-RAN sales flourish in the GCC Countries due to the region's growing demand for advanced mobile telecommunications solutions and the deployment of next-generation networks.
• The Egypt Cloud-RAN market is projected to witness growth at a CAGR of 28.0% during the forecast period with a market size of USD 30.48million in 2024.
• The South Africa Cloud-RAN market is projected to witness growth at a CAGR of 28.7% during the forecast period with a market size of USD 45.86million in 2024.Cloud-RAN sales flourish in the South Africa due to the region's advanced telecommunications infrastructure.
• The Turkey Cloud-RAN market is projected to witness growth at a CAGR of 27.2% during the forecast period with a market size of USD 24.96million in 2024.
• The Nigeria Cloud-RAN market is projected to witness growth at a CAGR of 26.8% during the forecast period with a market size of USD 30.48million in 2024.
• The Rest of MEA Cloud-RAN market is projected to witness growth at a CAGR of 26.7% during the forecast period with a market size of USD 34.25million in 2024.

Cloud-RAN Market Analysis

Cloud-RAN Component Segment Analysis

According to Cognitive Market Research, the dominating category is the solution segment. Solutions in the C-RAN market refer to the hardware and software components required to deploy and manage Cloud-RAN infrastructure, including baseband units, remote radio units, virtualized network functions, and management software. This segment dominates the market because it forms the foundation of C-RAN deployments, providing the essential technology needed to realize the benefits of centralized processing, virtualization, and network optimization. As telecom operators increasingly transition towards C-RAN architectures to improve network efficiency, scalability, and cost-effectiveness, the demand for comprehensive C-RAN solutions continues to surge, driving the growth of this segment.

The fastest-growing category in the Cloud-RAN market is the services segment. Services encompass a range of offerings such as maintenance, troubleshooting, software updates, and technical assistance provided by vendors to ensure the smooth operation of Cloud-RAN deployments. As the adoption of Cloud-RAN accelerates globally, the need for reliable services becomes paramount to address complex network challenges, ensure system reliability, and minimize downtime. With telecom operators striving to maintain high-quality network performance and enhance user experience, the demand for robust support services is witnessing rapid growth, making it the fastest-growing category in the Cloud-RAN market.

• Solution
• Services
• Solution
• Services
• Consulting Services
• Implementation Services
• Support Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cloud-RAN Industry. Request a Free Sample PDF!

Cloud-RAN Deployment Segment Analysis

According to Cognitive Market Research, the dominating category is the centralized deployment model. Centralized deployment involves consolidating baseband processing functions from multiple remote radio units (RRUs) into a centralized data center or hub. This architecture allows for more efficient resource utilization, easier maintenance, and centralized management of network resources, making it a preferred choice for telecom operators aiming to optimize network performance and reduce operational costs. As a result, the centralized deployment model dominates the C-RAN market due to its established track record, proven benefits, and widespread adoption by operators worldwide.

The fastest-growing category in the Cloud-RAN market is the cloud deployment model. Cloud-RAN leverages cloud computing technologies to virtualize and centralize baseband processing functions, enabling greater flexibility, scalability, and cost-efficiency compared to traditional centralized deployments. With the increasing demand for agile and scalable network solutions to support the growing data traffic and emerging use cases such as 5G and IoT, the adoption of cloud-based C-RAN solutions is rapidly gaining momentum. Telecom operators are increasingly embracing cloud-native architectures to modernize their networks and accelerate innovation, driving the rapid growth of the Cloud deployment model in the C-RAN market.

• Centralized
• Cloud

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cloud-RAN End User Segment Analysis

According to Cognitive Market Research, the dominating category is Telecom Operators as the end user. Telecom operators are the primary consumers of C-RAN solutions as they seek to enhance network performance, scalability, and cost-efficiency to meet the increasing demands of subscribers for high-speed connectivity, especially with the advent of 5G technology. These operators are investing heavily in upgrading their infrastructure to support advanced services and applications, driving the demand for Cloud-RAN solutions. Moreover, telecom operators have the resources and expertise to deploy and manage complex C-RAN architectures, making them the dominant end users in the market.

The fastest-growing category in the Cloud-RAN market is Enterprises as the end user. Enterprises are increasingly adopting C-RAN solutions to meet their evolving connectivity needs, including improved indoor coverage, capacity, and reliability for mission-critical applications such as IoT, smart manufacturing, and augmented reality. As enterprises digitize their operations and embrace technologies like edge computing and private 5G networks, they are turning to Cloud-RAN solutions to leverage the benefits of centralized network management, dynamic resource allocation, and cost-effective scalability. This trend is driving the rapid growth of Cloud-RAN deployments in the enterprise sector, making it the fastest-growing category in the market.

• Telecom Operators
• Enterprises

Cloud-RAN Network Type Segment Analysis

According to Cognitive Market Research, the dominating category is "5G" as the network type. 5G networks are driving significant demand for Cloud-RAN solutions due to their requirements for ultra-low latency, high bandwidth, and massive connectivity. As 5G deployments accelerate globally, telecom operators are increasingly adopting Cloud-RAN architectures to efficiently manage and scale their networks, enable network slicing for diverse use cases, and deliver enhanced mobile broadband services, IoT connectivity, and mission-critical applications. The deployment of 5G networks is therefore driving the dominance of this category in the Cloud-RAN market.

The fastest-growing category in the Cloud-RAN market is "4G." While 5G is dominating the market due to its rapid deployment and advanced capabilities, 4G networks continue to play a crucial role in providing widespread coverage and supporting legacy devices and applications. Moreover, many regions are still in the process of rolling out 5G networks, leading to sustained investments in enhancing 4G infrastructure to meet growing data demands. As a result, the adoption of Cloud-RAN solutions for 4G networks is experiencing significant growth, driven by the need to improve network efficiency, capacity, and performance while preparing for the eventual transition to 5G.

• 5G
• 4G
• 3G and 2G

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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