With 54.4% CAGR, Global Small Cell 5G Network Market Size Worth USD 17,944.5 Million in 2028
Fortune Business Insights
8 min read
Fortune Business Insights
According to Fortune Business Insights, the global Small Cell 5G Network Market Size is projected to reach USD 17,944.5 Million in 2028, at CAGR of 54.4% during forecast period; Booming IT and Telecommunication Sector to Augment Growth in North America
Pune, India, May 24, 2022 (GLOBE NEWSWIRE) -- The global small cell 5g network market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 54.4% during the forecast period, to Reach USD 17,944.5 Million by 2028, from USD 740.8 Million in 2020. The surging investments by governments in IT projects can have a tremendous impact on the market growth in the foreseeable future, states Fortune Business Insights, in a report, titled “Small Cell 5G Network Market Share, 2021-2028.”
Rising investments in the development of advanced 5G infrastructure and rapid digitization is expected to bolster the product’s demand. In addition, the rising investments in IT infrastructures is expected to surge market development during the forecast period.
Notable Development:
May 2021: Nokia Corporation introduced small cell 5G networks ‘AirScale’ for premium outdoor and indoor 5G network coverage. Nokia Corporation’s small cell 5G networks products will have increased band frequency, capacity, and coverage in dense urban environments.
Applications; Communication Infrastructure; and Geography
Market Growth Drivers
Growing Demand of Small Cells 5G Network Across Enterprises to Drive Market Growth
Increasing Deployment of 5G Network by Government and Adoption of IoT Devices to Aid Market Growth
Driving Factor:
Rising Deployment of 5G Network to Aid Growth Globally, 5G infrastructure implementation is accelerating in industrialized countries such as the U.S., Germany, France, the U.K., and others. According to Forbes, more than 1,945 small cells would be installed in 2020, with private network deployments estimated to reach over 1.56 million by 2027. Furthermore, the Cellular Telecommunications Industry Association (CTIA) estimates that by 2020, more than 417,215 small cell sites will have been installed in the U.S. The increasing deployment of 5G networks around the world has boosted market growth. According to the Global System for Mobile Communications (GSMA), number of 5G connections is around 10 million in 2019 and is projected to reach about 1.8 billion by 2025. These factors are likely to drive the small cell 5G network market growth.
Regional Insights:
Booming IT and Telecommunication Sector to Augment Growth in North America
North America is expected to lead the small cell 5G network market share during the forecast period. The region stood at USD 361.3 million in 2020. The increase is due to increased investment and other strategies by the top businesses and the government in the IT and telecommunications sector. According to a recent Small Cell Forum Organization survey, firms in North American countries deployed over 400,000 small cells in 2018, up from 292,000 in 2017. Government officials in Europe have spent a significant amount of money installing the 5G network in order to accommodate the growing demand for high-speed internet. In 2020, the European Commission formed a cooperation with European ICT sector leaders, investing USD 825 million in public funds and USD 3.5 billion in private funds.
Market Segments:
The global Small Cell 5G Network Market is classified into residential and SOHO, enterprises, and others. Based on the applications. Enterprises are expected to have the largest share in the market due to growing investments and launch of 5G devices.
Based on the communication infrastructure, the market is divided into femtocell, metrocell, picocell, and microcell. Femtocell cell is expected to account for a significant share during the forecast period due to the increasing deployments of 5G small cells.
Geographically, the Small Cell 5G Network Market is classified into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
Small Cell 5G Network Market Highlights of the Report:
In-depth information about the challenges, opportunities, and market trends.
Elaborate details regarding the growth drivers and obstacles that the market may come across during the forthcoming years.
List of the crucial factors impacting the market in every region.
Extensive analysis of the latest bets for the market
COVID-19 IMPACT:
Because of government constraints on production, deployment, innovation centers, and ongoing advances, the Covid-19 epidemic has affected IT and networking activities around the world. The overall market demand has decreased as a result of the delay in the deployment of 5G infrastructure and the closure of deployment sites. According to Kagan's 2020 global survey on 5G infrastructure, around 63 percent of mobile network providers have paused 5G deployment efforts during the epidemic. According to Gartner Inc., wireless infrastructures such as 5G installations, internet connections, and others fell by 4.4 percent in 2020, reaching roughly USD 38.1 billion.
Key offerings of small cell 5G network are:
High Speed – small cell 5G network provides advanced connectivity services including virtual reality, high definition (HD) video services and others and also helps to deliver heavy bandwidth of 100Mbps per connection.
High Flexibility – In dense hotspot areas, small cell 5G network helps to provide a flexible network that is highly scalable for dynamic capacity expansions.
Massive Connectivity – Advancement in small cell 5G networks would help to cater the need for network services fuelled by the growing market of internet of things (IoT). This advancement would help to develop ultra-high-density wireless connections between smart IoT devices.
Latency Sensitive – small cell 5G network offer latency of below 1 ms for services including tactile internet, e-health, smart manufacturing and others.
High reliability – small cell 5G network deliver single-site short-distance communication services to high-speed mobility applications and support network slicing and diverse demands.
Competitive Landscape:
Emphasis on Innovative Business Tactics by Competitors to Incite Development Governments in industrialized nations focus on establishing 5G network solutions and services in urban and rural areas, such as the 5G RAN network architecture. Major players increase their 5G services to meet the demands by creating customized, sophisticated 5G networks. To remain competitive, market leaders are implementing various business tactics such as product launches, mergers, partnerships, collaborations, and acquisitions. In May 2021, Telefonaktiebolaget LM Ericsson will deploy the indoor Small Cell 5G Network AIR 1279 and the Ericsson Radio Dot 4459 small-cell radio in the U.S. market. Ericsson Indoor Small Cells are compatible with 5G network coverage.
Companies Profiled in Small Cell 5G Network Market:
Nokia Corporation (Espoo, Finland)
CommScope, Inc. (North Carolina, U.S.)
Samsung Group (Suwon-si, South Korea)
Cisco Systems, Inc. (California, U.S.)
NEC Corporation (Tokyo, Japan)
Huawei Technologies Co., Ltd. (Shenzhen, China)
ZTE Corporation (Shenzhen, China)
Telefonaktiebolaget LM Ericsson (Stockholm, Sweden)
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