Cellular Networks Market Size to Grow at a Whopping 30% CAGR by 2027- Report by Market Research Future (MRFR)
Market Research Future
7 min read
New York, US, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Cellular Networks Market information by Technology, by Frequency,byType of Connection, by Application and Region – forecast to 2027” market size is growing at a compound annual growth rate of 30% by 2027.
Market Scope: The promising growth of 5G services will offer robust opportunities for the market over the forecast period for the high social and economic value of their applications. 5G network that was in the research face has now been successfully tested by industry players and thus paved its way to the market. 5G services is intended to offer users with a more uniform user experience, increased availability, increased network capacity, ultra-low latency, and higher multi-Gbps data speed.
Dominant Key Players on Cellular Networks Market Covered are:
Market USP Exclusively Encompassed: Market Drivers Evolution of Mobile Industry to Boost Market Growth The evolution of the mobile industry will boost market growth over the forecast period. It is predicted that the popularity of iPad, iPhone, laptop, dongle, and smartphone will fuel market growth. This rests on the fees payable for data access, data, network coverage, and other additional services provided by players in the cellular network market. The increasing use of Smartphones is adding to the growth of the market. The majority of the people are choosing Android handsets with higher speeds as well as new models getting launched daily. The use of smartphone is likely to increase tremendously in the future. The rapid rise in the use of smartphone will directly create a bigger impact on the cellular network which in turn will boost the market growth.
Lack of Expertise and Experience to act as Market Restraint The lack of expertise and experience for building, operating, and managing cellular networks may act as a market restraint over the forecast period.
Lack of High Quality Services in Rural Areas to act as Market Challenge The lack of high quality services in rural areas and most people in these areas being unaware of how to use cellular devices may act as market challenges over the forecast period.
Browse In-depth Market Research Report (100 Pages) on Cellular Networks Market: https://www.marketresearchfuture.com/reports/cellular-networks-market-4654 Segmentation of Market Covered in the Research: The global cellular networks market has been bifurcated based on technology, frequency, application, and type of connection.
By technology, 5G technology will lead the market over the forecast period as this enables a new form of network that can connect virtually everything and everyone including devices, objects, and machines.
By frequency, LTE frequency will dominate the market over the forecast period as this allows roaming as well as draws less battery power. EDGE means enhanced data rates. Besides, this is the most commonly used frequency before 3G. LTE means long-term evolution that is much more advanced compared to 3G. This is because of the LTE which allows roaming and coexistence with less battery power drawn. UMTS is a universal mobile telecommunication system. This is known as the frequency for 3G. It is the first network enough for supporting browsing on mobile. Prior to the commencement of 3G internet, this was not as common as this is today.
By application, mobile phones will spearhead the market over the forecast period. Mobile phones need cellular networks for connecting to each other, and cellular network service providers provide two forms of subscriptions- postpaid and pre-paid. The widespread use of mobile phones has significantly affected the need for cellular networks in a positive manner.
By type of connection, the global cellular networks market is segmented into pre-paid and post-paid.
Regional Analysis APAC to Hold Lions Share in Cellular Networks Market The APAC region will hold the lions share in the cellular networks market over the forecast period. Increase in mobile connectivity rates, increasing digitalization in countries- India and China, connectivity rates improvement, China and India moving towards automation and maintenance by employing remote operations, cloud connectivity, and remote monitoring, increasing rates of mobile connectivity in India and China, increasing need for high-quality cellular network services that is boosting 4G services, and most market players actively involved in developing 5G technology are adding to the global cellular networks market growth in the region. Besides, the significant prominence of the region in the semiconductor market, widespread and increasing adoption of smartphones in emerging economies, high rates of mobile connectivity, the project merger of Sistema and Reliance Communications offering spectrum access to offer 4G services all throughout the region, industry players making significant investments to augment service capacity as well as base subscribers, and Bharti Airtel investing about USD 3 billion to expand its operations in India along with improving customer satisfaction are also adding market growth.
COVID-19 Impact on the Global Cellular Networks Market As per the increasing coronavirus, the global cellular network market did not face much threat to its growth because communication can never stop even during the outbreak. Cellular networks are vital and have helped during such tough times. This help can be offered by theoretical knowledge to people in the rural areas that suffer from coronavirus. Guidelines and helplines are getting directed through cell phones. This is of immense significance. The market had a fair growth during the outbreak as having cellular networks turned into a necessity. The usage of online content and smartphone being the sole source of entertainment for people is what led to the boost in the market growth.
The crisis accelerated the digital transformation for industries and fuelled virtual and remote enablement, making the reliable connectivity all the more critical compared to before. Cellular networks are capable of addressing the on-premise connectivity needs of enterprises via customizing the network for enabling capabilities and use cases which are difficult for attaining with traditional wireless or wired network solutions. Besides, the local governments implemented favorable initiatives for liberalizing the spectrum as well as standardizing cellular networks for industrial use. This led to higher market competition and increased accessibility of innovative business models for cellular deployments.
Industry Updates Ericsson and Telstra has announced the first ever deployment of Ericsson Private 5G, that is, an on-premise dedicated 5G network especially for enterprises.
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