5G Small Cell Network Market to Grow at a CAGR of 28.7% by 2028 – User Demand Driving Growth
Emergence of Citizen Broadband Radio Service band and increase in government initiatives to deploy 5G networks are key factors driving the growth of the market
— Emerging research
VANCOUVER, BC, CANADA, June 28, 2022 /EINPresswire.com/ — The Global 5G small cell network market the size is expected to reach USD 4,749.43 million at a CAGR of 28.7% during the forecast period, according to the latest analysis from Emergen Research. Key factors driving the market revenue growth include growing government focus on digitalization of processes, rapid increase in mobile data traffic, emergence of Citizen Broadband Radio Service (CBRS) band , the growing demand for high-speed internet and the increasing penetration of mobile devices in remote areas.
CBRS prevents interference between indoor and macro networks, enables multi-carrier support, and provides more cost-effective mobile network coverage for small, medium, and large businesses. Increase in government funding for the development of 5G infrastructure is another key factor driving the growth of the market. In February 2021, for example, the Government of India’s Ministry of Telecommunications announced the auction of 5G spectrum worth over $40 billion. In 2020, South Korea launched the first Small Cell 5G network and aims to convert 60% of all mobile subscriptions to the 5G network by 2025.
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Based on the competitive landscape, the market report analyzes the major companies operating in the sector:
ip.access and Corning.
Some highlights of the report
In April 2020, Ericsson and GCI entered into a partnership to deploy 5G small cell sites in Anchorage, USA and transition to 5G NR 5-band solution.
In February 2020, CommScope upgraded its OneCell small cell solution with the introduction of new radio points, open interfaces, and virtualized RAN functions.
In October 2019, 5G comprehensive solutions were launched by Huawei at the Global Mobile Broadband Forum.
North America accounted for the largest revenue share in 2020, which is expected to further increase significantly over the forecast period. This can be attributed to the positive approach of key players in the region such as Sprint and T-Mobile to the commercialization of 5G networks. Increasing public funding for research and development of 5G infrastructure in countries in the region is also a key factor supporting the growth of the market.
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For this report, Emergen Research has segmented the global 5G small cell network market on the basis of radio technology, cell type, deployment mode, end use, and region.
Radio Technology Outlook (Revenue, USD Million; 2018-2028)
5G New Radio (NR) Autonomous
5G NR non-standalone
Cell Type Outlook (Revenue, USD Million; 2018-2028)
Deployment Mode Outlook (Revenue, USD Million; 2018-2028)
End-Use Outlook (Revenue, USD Million; 2018-2028)
Government & Defense
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Regional Outlook (Revenue, USD Million; 2018-2028)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
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Key Benefits of Buying Global Small Cell 5G Network Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global 5G small cell network market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive Regional Analysis of Global 5G Small Cell Network Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global 5G Small Cell Networks market
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