Small cell 5G Network Market size is projected to reach at $8,328.00 million by 2027, growing at a CAGR of 43.00% from 2020 to 2027

According to a recent report published by Report Ocean, titled, “Small cell 5G Network Market by Component, Radio Technology, Frequency Band, Cell Type, Application, and End User: Opportunity Analysis and Industry Forecast, 2020-2027,” the global small cell 5G network market size was valued at $478.00 million in 2019, and is projected to reach at $8,328.00 million by 2027, growing at a CAGR of 43.00% from 2020 to 2027.

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The growth of the global small cell 5G network market is driven by upsurge in inclination toward remote working culture and online education adoption across the globe due to the outbreak of the COVID-19 pandemic, increase in network densification, and continuous rise in mobile data traffic. Moreover, factors such as the emergence of Citizens Broadband Radio Service (CBRS) band, surge in investment in 5G infrastructure by numerous countries, emergence of Internet of Things (IoT), and rise in preference for ultra-reliable, low-latency communications have significantly contributed toward the growth of the global market. However, factors such as concerns regarding small cell backhaul and small cell deployment challenges are expected to hamper the global small cell 5G network market growth during the forecast period.

In 2019, the global small cell 5G network market share was dominated by the solution segment, and is expected to maintain this trend during the forecast period, as these solutions are widely used to integrate various technological aspects of a network device. Thus, increase has been witnessed in the demand for small cell 5G solution, owing to its ability to converge various hyperdense network architectures into advance scalable architectures. This, in turn, is expected to drive the adoption of small cell solutions. However, the services segment is expected to witness the highest growth, owing to rise in inclination of consumers toward ubiquitous 5G experiences from mobile devices, which has compelled network operators to adopt small cell 5G network products to provide high-quality services to end users.

On the basis of radio technology, the non-standalone segment dominated the small cell 5G network market, and is expected to maintain its dominance in the upcoming years. This is attributed to rapid digital transformation among various industry verticals and increase in government initiatives for connected networks. However, the standalone segment is expected to witness highest growth during the forecast period, due to high penetration of mobile phones and surge in demand for high-definition content among consumers, which propel network service providers to shift from lower network generation services, that is, 2G, 3G, and 4G to 5G services. Standalone small cells are primarily used in indoor wireless coverage solutions. Thus, transformation to 5G networks provides benefits such as high bandwidth, which makes way for faster delivery of internet services and increase in number of user’s accessibility to network.

Post COVID-19, the size of the small cell 5G network market is estimated to grow from $680.00 million in 2020 to reach $8,328.00 million by 2027, at a CAGR of 43.0%. The current estimation of 2027 is projected to be lower than pre-COVID-19 estimates. The COVID-19 outbreak has low impact on the growth of the global small cell 5G network market, owing to the fact that the government and private sectors in emerging countries are working together to speed up the development of 5G infrastructure in the wake of the pandemic. For instance, in Thailand, mobile network operators (MNO) are joining forces to provide 5G networks to hospitals. The Eastern Economic Corridor (EEC), which is a special development zone of Thailand, mandates that 5G must cover approximately 50% of the area in 2020, which means that the equipment installation must commence this year in industrial areas.

Key Findings Of The Study

By component, in 2019, the solution segment dominated the small cell 5G network market. However, the services segment is expected to exhibit significant growth during the forecast period.
On the basis of radio technology, the non-standalone segment accounted for the highest revenue in 2019, however, the standalone segment is expected to witness highest growth rate in the forecasted period.
Depending on application, the indoor application type generated the highest revenue in 2019. However, the outdoor application type is expected to witness highest growth rate in the near future.
As per end user, the commercial segment generated the highest revenue of small cell 5g network market analysis in 2019. However, the smart city segment is expected to witness highest growth rate in the near future.
Region wise, the small cell 5G network market was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.
Some of the key small cell 5G network industry players profiled in the report include Altiostar Networks, Inc., Aviat Networks, Inc., Baicells Technologies, Blinq Networks, Cambium Networks Corporation, Casa Systems, Inc., Ceragon Networks Ltd, Comba Telecom Systems Holdings Ltd., Contela Inc., Shenzhen Gongjin Electronics Co., Ltd., IP.Access Ltd., Pctel, Qucell Inc., Radisys Corporation, and Radwin.

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This release was published on openPR.