Cloud Radio Access Network (C-RAN) Market: Analysis | Leading Players, Industry Updates, Future Growth, Business Prospects 2017 - 2025
The growing ubiquity of smartphones has radically increased data consumption in the recent past and thereby escalated the need for stronger networks. According to a recent business intelligence report by Transparency Market Research, the players operating in the global cloud radio access network market will have strong new opportunities to replace the conventional RAN architecture with cloud-RAN in order to meet consumer demands. For instance, in November 2017, Ericsson, a Sweden-based telecommunication company, declared in its mobility report that North America owns the highest share of LTE subscriptions (nearly 80%) and some of the leading operators in the region have started their expansion in pre-standardized 5G in 2017. Companies Expanding via Strategic Partnerships Over in the emerging economies of Asia Pacific, similar strategic alliances are being observed to upgrade the services offered by both the parties. For example, in January 2017, Ericsson signed a Memo...