Global Small Cell 5G Network Market is valued approximately USD 521 million in 2019 and is anticipated to grow with a healthy growth rate of more than 31.2 % over the forecast period 2020-2027. Small cells are low-control base stations that are utilized to enhance network capacity and network coverage, helping end clients to support their remote availability. These cells are for the most part sent over outdoor and indoor situations to deliver quick information service to clients. The small cell network would assume an essential job in 5G networks. As of now, 5G telecom administrators are increasingly centered around providing small cell under low-recurrence band for conveying enhanced data transmission administrations to clients. The emergence of Citizen Broadband Radio Service band is an integral factor driving the Small cell 5G market. Moreover, increased mobile network utilization owing to the unquenchable demand for video, social media, liv streaming and gaming necessitates high speed data driving the market growth. Following the growth of 5G the FCC in December 2019 commenced the auction of 5G spectrum for the Upper 37 GHz, 39GHz and 47GHz. While, in January 2020, the Federal Communications Commission (FCC) announced the full commercial deployment of 3.5GHz band. The announcement allows full commercial use of the mid band spectrum for broadband connectivity and 5G. Further, increasing penetration of connected devices such as Smartphones, tablets, AR, VR, Smart devices need high speed data for operations propelling the market growth. Also, increased automation in industries owing to machine learning and robotics further drives the market growth. For Instance: In 2019, Kalmar, Nokia and ABB successfully demonstrated 5G-based Ultra-Reliable Low Latency Communication (URLLC) for Smart electricity grids. While, Ericsson initiated trials aiming to connect 5G to wireless production robots in Audi’s factory. These advanced devices using AI, Cloud computing and other technologies necessitate wider bandwidth for interrupted network speed. However, Poor Backhaul connectivity impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Small Cell 5G Network market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing need for high speed data and increasing penetration of 5G in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising population and increasing connected devices would create lucrative growth prospects for the Small Cell 5G Network market across Asia-Pacific region.
Major market player included in this report are:
Ericsson
Huawei
ZTE
Cisco
NEC
Nokia
CommScope
Airspan Networks
ip.access
Corning
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Radio Technology:
5G NR Standalone
5G NR Non-standalone
By Cell Type:
Picocells
Femtocells
Microcells
By End User:
Telecom Operators
Enterprises
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Small Cell 5G Network Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors