Press release
Small Cell 5G Network Market Size, Share, Trends, Growth and Forecast 2026
The small cell 5G network market size was valued at $344 million in 2018 and is projected to reach $6,876 million by 2026, growing at a CAGR of 45.3% from 2019 to 2026North America dominated the small cell 5G network market in 2018 and is projected to remain dominant during the forecast period. This is attributed to rising strategic trails to launch 5G technologies and equipment in this region. However, Asia-Pacific is expected to grow at the highest rate during the forecast period. This is attributed to continuous increase in penetration of smartphones and upsurge in demand for higher bandwidth applications compel wireless network service providers to deploy 5G technology in their network.
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Top impacting factors
Factors such as an increase in network densification, an increase in mobile data traffic and the emergence of Citizens Broadband Radio Service (CBRS) band are driving the growth of the market. In addition, an increase in investment in 5G infrastructure by numerous countries fuels market growth. However, concerns related to small cell backhaul and small cell deployment challenges are expected to hinder the small cell 5G network market growth. On the contrary, the emergence of the Internet of Things (IoT) and the increase in preference for ultra-reliable low latency communications are expected to provide lucrative opportunities for market expansion in the coming years.
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o Increase in mobile data traffic
Mobile data traffic is the transmission of digital content over the internet. The content transferred can be generated from various mobile consumer electronics such as smartphones and tablets. The growth of the small cell 5G network market forecast is increasing owing to continuous increase in mobile data traffic. In addition, by 2024, 5G networks are expected to carry nearly one-third of the mobile data traffic globally. Thus, the rise in mobile data traffic has boosted the demand for technically advanced telecommunication networks. Moreover, the deployment of 5G network will provide efficient network quality to the consumers. Rise in need of enhancement in network infrastructure due to an exponential increase in mobile data traffic is anticipated to fuel the market for small cell 5G networks.
o Increase in investment in 5G infrastructure
The deployment of 5G infrastructure is growing in countries such as the U.S., China, Japan, the Republic of Korea, Singapore, and Taiwan, which is driving the growth of the market. For instance, in the U.S., mobile network operators such as AT&T, Verizon, Sprint, and T-Mobile have started testing the 5G technology and its associated equipment, with commercial launches planned by the end of 2019. In addition, by early 2019, 16 states in the U.S. enacted legislation to enable small cells to be deployed more easily. Furthermore, China invested in 5G research & development and deployment efforts through central government support. Its 5G investments have been organized since 2015 at the national level through the three state-owned mobile operators, which include China Unicom, China Mobile, and China Telecom.
Key Benefits for Small Cell 5G Network Market :
o This study includes the small cell 5G network market analysis, trends, and future estimations to determine the imminent investment pockets.
o The report presents information related to key drivers, restraints, and opportunities of the market.
o The small cell 5G network market share is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of buyers & suppliers in the global market.
By Component
o Solution
o Service
By Radio Technology
o Standalone
o Non-standalone
By Frequency Band
o Low-band
o Mid-band
o Millimeter Wave
By Cell Type
o Femtocells
o Picocells
o Microcells
By Application
o Indoor Applications
o Outdoor Applications
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