Small Cell 5G Network Market Will Grow at a CAGR of 81.9% Forecast Till 2026
According to the Fortune Business Insights report, titled “Small Cell 5G Network Market Size, Share & Industry Analysis, By Application (Residential & SOHO, Enterprises and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell and Microcell), and Regional Forecast, 2019-2026”, the market value stood at USD 175.2 Million in 2018. The report also incorporates an in-depth assessment and analysis of the various factors, trends, and dynamics that will shape the market so as to enable businesses to design their strategies conducive to their growth.
The Global Small Cell 5G Network Market size is set to reach USD 15,951.7 Million by 2026, displaying an astounding CAGR of 81.9% during the forecast period.
Growing awareness about the advantages of small cell technology will be one of the primary drivers of the growth of this market. 5G encounters various hindrances when providing internet to users and therefore, consumers may not be able to avail 5G speeds. To overcome these obstacles, small cells are deployed. These cells are basically low-power mini base stations located in the region to be served, are managed by telecom operators, and result in improved coverage.
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Increasing Investment in Innovation to Invigorate Competitive Spirits
Key players in this market are intensely focusing on developing new and innovative products to better entrench their position as well as give consumers a wider choice of products. For example, Ericsson developed its palm size base station for indoor connectivity called Radio Dot. In July 2019, Ericsson and Swisscom collaborated to install this small cell base station in the latter’s commercial office space in the Swiss town of Liebefeld. Similarly, Spanish technology Start-up Company, Celling 5G, recently joined the 5TONIC co-creation lab in Madrid to conduct research and find optimal solutions for outdoor small cell 5G network tower deployment.
Fortune Business Insights profiles some of the major companies in this market:
- Nokia Corporation
- Samsung Group
- Comba Telecom Systems Holdings Ltd.
- Cisco Systems, Inc.
- Fujitsu Limited
- Huawei Technologies Co. Ltd.
- Airspan Networks Inc.
- Telefonaktiebolaget LM Ericsson
- CommScope Inc.
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Well-Established Communication Infrastructure to Fuel the Market in North America
Having generated USD 59.8 million in terms of revenue in 2018, North America is set to dominate the global small cell 5G network market share till 2026. Increasing demand for fast data and growing advancements in Virtual Reality (VR) and Augmented Reality (AR) platforms are the main factors driving the growth of the market in North America. Europe is expected to grow at a considerable pace owing to increasing research in the region. Increasing smartphone penetration and rising adoption of advanced communication technologies by governments will accelerate the small cell 5G network market growth in Asia-Pacific.
Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global 5G Small Cell Market Overview
- Key Market Indicators
- Macro and Micro Economic Factors
- Key Trends
- Consolidated SWOT Analysis of Key Players
- Key Analysis of 5G Communication Infrastructure
- Macro Cell
- Radio Access Network (RAN)
- Distributed Antenna System (DAS)
- Global 5G Small Cell Market Analysis, Insights and Forecast, 2017-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Application
- Residential and SOHO
- Other (Government and Others)
- Market Analysis, Insights and Forecast – By Communication Infrastructure
- Market Analysis, Insights, and Forecast – By Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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