Increasing use of Internet of Things (IoT) devices in various industrial verticals is a key factor driving market revenue growth
Market Size – USD 1.02 Billion in 2021, Market Growth – at a CAGR of 25.7%, Market Trend – Increasing development of 5G network
New York, April 01,2022-The global small cell networks market size is expected to reach USD 7.87 Billion in 2030 and register a revenue CAGR of 25.7% over the forecast period, according to latest report by Reports and Data. Increasing use of loT devices in various verticals is a key factor expected to drive market revenue growth during the forecast period.
Increasing development of 5G networks across the globe is expected to drive growth of global small cell networks market during the forecast period. Globally, 5G infrastructure development is expanding in developed countries such as the U.S., France, Germany, the U.K., and others. Major telecom operators are planning to make effective use of small cell technology to provide 5G coverage around the globe. Small cells contain same properties as standard base stations that telecom corporations have used for years. In addition, small cells can handle high densities of IoT devices and significant data rates for mobile broadband. This feature makes them suited for 5G expansion that guarantees latencies in millisecond range and ultra-high speeds, a million devices per square mile.
Increasing use of Internet of Things devices in various verticals is expected to boost growth of small cell networks in global market during the forecast period. Rising number of IoT devices and capabilities of a small cell network to allow direct access among such devices is driving growth of the market. In addition, data transmissions for power supply switches, water supply valves, office gadgets, and surveillance probes are expected to be carried on small cells. This would require small cells to take more network connections and raise network value.
However, concerns regarding poor microcell coverage and unavailability of backhaul are expected to hamper revenue growth of market during the forecast period. Most challenging and restrictive factor carriers encounter when constructing a small cell network is backhaul. Finding a spot for deploying a small cell might be a lengthy operation. Carriers must first determine site owner and negotiate a strategy for installation. Sites are often controlled by city, which may have any number of restrictions on deploying devices under its jurisdiction. In addition, microcells have a low range of coverage, and establishing an appropriate backhaul is time-consuming.
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Some Key Highlights from the Report
- Indoor application segment accounted for the largest market share in 2021. Growing data traffic on mobile networks and increasing need for fast broadband spectrum are key factors expected to boost adoption of small cells in indoor applications.
- Millimeter-wave small cell networks segment revenue is expected to expand at significantly steady CAGR during the forecast period. Rising demand in telecom industry owing to escalating Internet penetration, growing requirement for a high-speed network for accessing smart applications, and increasing research & development activities in millimeter-wave technology are expected to boost growth of this segment.
- North America Small cell networks market is expected to account for the largest revenue share in global market over the forecast period. Increase in government expenditure for research & expansion of 5G infrastructure in countries in the region is expected to drive North America small cell networks market revenue growth.
- Major companies in the global market report include Telefonaktiebolaget LM Ericsson, Cisco Systems Inc., Huawei Technologies Co., Ltd, Nokia Corporation, ZTE Corporation, CommScope Inc., Airspan Networks, Inc., NEC Corporation, Baicells Technologies, and Mavenir Systems, Inc.
- In January 2022, NEC Corporation announced it had signed an agreement to acquire privately-held Blue Danube Systems, Inc., a U.S.-based provider of CBRS/4G/5G RAN products and wireless access solutions that help mobile operators address challenge of 5G network buildouts and explosive data growth.
For this report, Reports and Data has segmented the global small cell networks market based on cell type, application, radio technology, frequency band, end-use, and region:
Cell Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Indoor Application
- Outdoor Application
Radio Technology Outlook (Revenue, USD Billion; 2019-2030)
Frequency Band (Revenue, USD Billion; 2019-2030)
- Low Band
- Mid Band
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Government and Defense
- Smart City
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Key Advantages of Best Cell Network Report:
• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Best Cell Network industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
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