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Global Virtualized Radio Access Network (vRAN) IndustryMarket Overview
As mentioned in a report, the global virtualized radio access network (vRAN) is anticipated to grow in an impressive manner. Virtualized Radio Access Network (vRAN) market will register a 128.2% CAGR in terms of revenue and is expected to reach to USD 28,500 million by 2023, up from USD 200 million in 2017. vRAN technology is used to create flexible and adaptable networks that help operators to prepare for an unpredictable future. Some of the key factors that will drive the market size of vRAN include rapid growth in mobile traffic volume and its increasingly dynamic nature which will propel the market size greatly.
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vRAN virtualizes various network functions in the radio access network helping in the Network Function Virtualization (NFV) model and general purpose processors. Virtualized radio access network (vRAN) market can protect investments and help in improving services as well.
Radio access network is used since the introduction of cellular technologies and with the passage of time has evolved greatly mainly due to development of wireless communication technologies. Also communication service providers and mobile operators are investing greatly to bring cloud technology and mobile edge computing near base stations. It will help mobile operators and CSPs to virtualize base station functions such as mobility management in an enhanced way. However, some of the challenges faced by the players in this virtualized radio access network (vRAN) market are also studied in the report.
Market Segmentation
The global market for virtualized radio access network (vRAN) Market has been segregated into type, users, application and region. Based on the end users, the market has been segmented into Software, Platform and Servers. Based on the application, the market has been segmented into Dense Area Urban, Enterprise, Public Venue Environments and other.
Detailed Regional Analysis
The regional analysis will provide better and more accurate insight about the market progression over key regions. The market of the global virtualized radio access network (vRAN) has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia, Middle East and Africa and Central & South America. The United States holds the largest global export quantity and manufacturers in Virtualized Radio Access Network (vRAN) market which is fuel the market size. IN North American region, especially the US is anticipated to account for significant share of the global virtualized radio access network market in the coming years due to presence of large number of solution providers in the region. Also in terms of revenue, the European market holds significant position in this market and will keep on enjoying its position in the future as well. Asia-Pacific region will also hold more market share in the coming years, especially countries like India and China which are growing at a fast speed.
Competitive Landscape
Due to growing competition between the leading market players, the global virtualized radio access (Vran) is likely to witness mergers & acquisitions, joint ventures etc in the coming years. Moreover, the on-going 5G race is also expected to significantly boost vRAN investments over the coming years and this might prove favourable in the coming years.
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