Cloud Radio Access Network Market Size Worth $31.71 Billion by 2025: Grand View Research, Inc.
Grand View Research | January 17, 2018
The global cloud radio access network (C-RAN) market is expected to reach USD 31.71 billion by 2025, according to a new report by Grand View Research, Inc. The networks ecosystem is on the verge of a transformation owing to growing demand data requirements for the Internet of Things (IoT) and the advent of 5G technologies which will lead to the requirement of new services and applications is anticipated to drive the growth of C-RAN architecture market over the forecast period. The market for the virtual/ cloud RAN architecture is expected to gain traction over the forecast period.