Increasing Rate of Digitalization is Driving the C-RAN Market
The C-RAN market had a value of USD 18.8 billion in 2023, and it will grow at a rate of 27.3% by the end of this decade, to touch USD 101.7 billion by 2030.
This is because of the prompting need for LTE services, the growing use of 5G network, the increasing focus on automation, the increasing digitalization rate, the mounting requirement for loT.
On the basis of component, the infrastructure category is leading the industry. This is because of the high investments by telecom operators in 4G, 5G, and LTE technologies and the rising deployment of C-RAN for many radio protocol support.
Furthermore, the investment made in the infrastructure category is expensive and resource-intensive, but it is important for an area’s financial growth and propensity.
Read More: https://www.psmarketresear...
The C-RAN market had a value of USD 18.8 billion in 2023, and it will grow at a rate of 27.3% by the end of this decade, to touch USD 101.7 billion by 2030.
This is because of the prompting need for LTE services, the growing use of 5G network, the increasing focus on automation, the increasing digitalization rate, the mounting requirement for loT.
On the basis of component, the infrastructure category is leading the industry. This is because of the high investments by telecom operators in 4G, 5G, and LTE technologies and the rising deployment of C-RAN for many radio protocol support.
Furthermore, the investment made in the infrastructure category is expensive and resource-intensive, but it is important for an area’s financial growth and propensity.
Read More: https://www.psmarketresear...
C-RAN Market Growth Potential & Forecast [2024 Report]
The C-RAN market is estimated to have generated a revenue of USD 18.8 billion in 2023, and it is expected to grow at a CAGR of 27.3% during the forecasted period.
https://www.psmarketresearch.com/market-analysis/c-ran-market
12 months ago
