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The existing wireless network will face the challenge of data tsunami in the near future. Densification of network will deal huge data traffic but will increase the interferences and network cost. At the same time, the existing wireless network is underutilized due to dynamic traffic. To deal with this adverse scenario, a change in the current network architecture is required. Based on virtualization, Cloud Radio Access Network (CRAN) was proposed for wireless network. In CRAN the functionality of base station will be distributed into base band unit (BBU) and remote radio heads (RRH) which will achieve benefits of centralization. This paper presents a survey on CRAN centring on optimized resource allocation, energy efficiency and throughput maximization under fronthaul capacity. The existing solution and future opportunities in CRAN are also summarized.