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.
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 Memorandum of Understanding (MoU) with China Mobile Research Institute (CMRI), which is a research division of China Mobile. The MOU involves collaborative research and development on Cloud RAN with an aim to deploy new services based on this technology.
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On the back of growing inclination of consumers towards video content, that too on the move, the demand for 4G and 5G access is escalating and providing the strongest traction to the global cloud radio access network market. In addition to that, the ability of these components to provide for energy efficiency and reduce power cost are some of the other factors expected to reflect positively, prompting network operators to upgrade from their conventional RANs.