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The Cloud Radio Access Network (C-RAN) market is experiencing rapid growth due to its ability to reduce costs and improve efficiency for mobile operators deploying 5G networks. This technology centralizes processing power, allowing for high bandwidth and low latency for users. The market is projected to reach $43.2 billion by 2032 with a compound annual growth rate of 22.9%. The demand for centralized cloud RAN is expected to remain strong, with a forecast CAGR of nearly 21%.