Albany, NY -- (SBWIRE) -- 02/22/2017 -- Cloud radio access network is an advanced cellular network architecture for mobile network infrastructure that can support 2G, 3G and 4G system and meet wireless communication benchmarks. Cloud radio access network (cloud-RAN) offers cost effective solutions to mobile operators, by consolidating the processing of base stations into single server farms. This provides an alternative approach to the current standards, at a lower cost. With increasing investments and surging interest from the entire cloud and telecom ecosystem, cloud radio access network is expected to grow at a rapid pace in the coming years. Moreover, it offers various benefits such as saving energy and fluctuating traffic adaptability over traditional radio access network systems for mobile communication.

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The cloud radio access network market has been experiencing massive growth in the recent years due to increasing broadband access along with increasing number of tablets and smart-phone. Increasing technological advancements in telecommunication sector is expected to drive the cloud radio access network market. Additionally, increasing need for economical communication solutions to reduce operational expenditures of the market players is further expected to fuel the market growth. However, lack of fiber availability and extensive initial investment in cloud radio access network market is hindering the market growth. Increasing demand for cloud radio access network replacing the traditional radio access network and reducing the initial investment is expected to create huge opportunities for the companies operating in global cloud radio access network market.

The global cloud radio access network market is segmented on the basis of components, services, and geography. Based on the component, the global cloud radio access network market is classified into remote radio units, optical transport network, baseband units, processors, servers, and test and measurement equipment. Among these, optical transport network comprised of fiber, Ethernet and microwave is expected to dominate the market due to the fiber playing most critical role in radio access network. In terms of various services, the market is segmented into network services, system integration and custom services and other services. On the basis of geography, the global cloud radio access network market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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Among these, Asia Pacific is expected to lead the cloud radio access network market during the forecast period due to highest spending in the cloud radio access network space. Moreover, Asia Pacific is also expected to show sustainable growth rate during the forecast period as most of the Asian mobile operators are already in the R&D and testing phases of cloud radio access network solutions. The Latin America and MEA regions also depict great potentials for cloud radio access network market.

Some of the leading companies operating in the global cloud radio access network market are Agilent Technologies, Alcatel-Lucent S.A., ASOCS Ltd., Datang Mobile Communications Equipment Co., Ltd., Ericsson, Freescale Semiconductor, Inc., Hitachi Data Systems, Huawei Technologies Co. Ltd., International Business Machines Corporation, Intel Corporation, NEC Corporation, Nokia Siemens Networks and Panasonic Corporation.