Description
Cloud-RAN global market size was estimated at USD 8.47 billion in 2019 and is expected to grow at a combined annual growth rate (CAGR) of 22.7% from 2020 to 2027. C-RAN (Cloud Radio Access Network) is defined as a Virtual / Cloud-radio radio access network or Central radio access network. Increased network congestion due to widespread use of smart devices and limited spectrum availability has driven the need for efficient and advanced network-like C-RAN over the past five years.
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