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Small Cell 5G Network Market
The Small Cell 5G Network Market is expected to reach USD 4,141 Million by 2027, exhibiting a CAGR of 31.6% over the forecast period (2020-2027).
The factors driving the growth of Small Cell 5G Network Market includes advancements in wireless network technologies, rise in data traffic across the globe, increasing smartphone penetration and growing focus on delivering high bandwidth services. As per the report published by CISCO, the internet traffic in United States, has significantly increased from 10 Petabytes per day in 2016 to reach 2.1 Exabytes per day in 2021, which is expected to expand the Small Cell 5G Network Market size in United States. Moreover, the rising deployment of Internet of Things (IoT) based small cell solutions, rapid expansion of the telecom sector and growing investments for developing 5G network infrastructure, are some of the additional factors augmenting the market growth. According to Bloomberg, the Global Telecom Analytics Market is anticipated to reach USD 10.7 billion by the end of 2027, growing at a CAGR of 14.5%, which will boost the demand for small cell 5G Network services in the approaching years.
However, the growth of Small Cell 5G Network Market is hindered due to increasing concerns about backhaul connectivity.
The major players operating in the market are Samsung Corporation, Airspan Networks, Cisco Systems, elefonaktiebolaget LM Ericsson, Huawei Technologies Co., Commscope Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation, and IP Access among others.
Frequency Band- Segment Analysis
Based on Frequency Band, the mmWave segment is anticipated to grow at a faster CAGR during the forecast period. The increasing application of mmWave in radio astronomy, automotive radars, and security screening along with its ability to provide low latency and high bandwidth connectivity, have propelled the segment’s growth.
End User- Segment Analysis
Based on end-use, the enterprise segment is segment is predicted to dominate the market over the forecast period attributed to rising acceptance of small cell 5G services by large enterprises around the world.
Regional – Segment Analysis
Based on region, the North America region is projected to capture the highest market share during the forecast period owing to the presence of leading players such as AT&T, Sprint, and T-Mobile and availability of advanced 5G Infrastructure.
On the other hand, Asia-Pacific region is predicted to grow at a faster CAGR over the forecast period due to significant increase in the internet traffic, growing economic activities in the emerging economies such as India, China and South Korea and rising disposable income, are some of the important factors, influencing the market growth in Asia-Pacific.
Market Segmentation
Global Small Cell 5G Network Market by Component
Solution
Services
Consulting
Training & Support
Global Small Cell 5G Network Market by Cell Type
Picocell
Femtocell
Microcell
Global Small Cell 5G Network Market by Frequency Band
MMWave
Low Frequency
Global Small Cell 5G Network Market by End User
Telecom Operators
Enterprises
Global Small Cell 5G Network Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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