BANGALORE, India, Aug. 26, 2020
BANGALORE, India, Aug. 26, 2020 /PRNewswire/ -- Major factors that are driving the Small Cell 5G Network Market size are increased network densification, increased mobile data traffic, and the introduction of the Citizens Broadband Radio Service (CBRS) band. Furthermore, the increased spending in 5G networks by many countries also boosts the market growth.
The small cell 5G network market size was valued at USD 344 Million in 2018 and is projected to reach USD 6,876 Million by 2026, growing at a CAGR of 45.3% from 2019 to 2026.
COVID IMPACT ON MAJOR REGIONS
In North America, the COVID-19 outbreak is expected to heavily impact the US small cell 5G network market due to its dependence on China as a major supplier of chips and equipment to the telecommunications industry. Furthermore, the blacklisting of Huawei Technologies has led to high tensions between the two countries, which will further affect market growth.
In APAC, China has retained its dominant position as a global 5G pioneer, despite being the epicenter of COVID-19. The number of COVID-19 cases slowing down in China, the country is relaxing restrictions, and manufacturing firms are resuming their manufacturing facilities. Coronavirus outbreak is expected to result in increasing industrial automation implementation across processes and separate manufacturing, eCommerce, and the logistics and transport sectors.
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TRENDS INFLUENCING THE SMALL CELL 5G NETWORK MARKET SIZE
Many of the biggest countries, such as the US and China, are projected to invest heavily in health care. Furthermore, the COVID-19 pandemic has encouraged many key countries to develop more robust healthcare capabilities by investing in advanced technologies such as 5G networks. Thus, the demand to deliver constant data connectivity in telemedicine and remote patient surgeries is expected to drive the growth of small cell 5G network market size.
The CBRS (Citizens Broadband Radio Service) band is the main component that drives the demand for the small cell 5G network market. Using CBRS indoor spectrum band frees up precious licensed spectrum that would otherwise need to be reserved for indoor use. CBRS small cell allows multi-operator support and provides cost-effective mobile coverage solutions for third party neutral network providers and large businesses. CBRS's small cell network simplifies network integration activities and offers a better user experience.
The growing adoption of 5G technology drives the small cell 5g market size. Small cells blend well with the 5 G transition as they have improved storage efficiency and support mobile providers in reducing operating costs by minimizing costly roof structures and upgrades or leasing costs. The small cell 5G network also helps improve mobile phones' efficiency, as it transmits at a lower frequency, which essentially decreases the capacity of cell phones and improves their battery life.
The advent of the Internet of Things (IoT) and preference for ultra-reliable low-latency communications are expected to provide lucrative market expansion opportunities.
Small cell backhaul issues and small cell implementation problems are likely to impede the development of the small cell 5 G network industry.
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SMALL CELL 5G NETWORK MARKET SHARE ANALYSIS
North America held the largest small cell 5G network market share in 2018 and is expected to remain dominant during the forecast period as well. This region's dominance is attributed to the rise in strategic trails to launch 5G technologies and equipment in this region.
Asia-Pacific is expected to grow at the fastest pace during the forecast period. This is attributed to a steady rise in mobile usage. Further, the increase in demand for higher bandwidth applications creates the need for 5G technology, thereby increasing the small cell 5G network market size.
SMALL CELL 5G NETWORK MARKET KEY SEGMENTS
BY RADIO TECHNOLOGY
BY FREQUENCY BAND
BY CELL TYPE
KEY MARKET PLAYERS
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SIMILAR REPORTS :
The global 5g technology market size is anticipated to be at USD 5.53 Billion in 2020 and is projected to reach USD 667.90 Billion by 2026, registering a CAGR of 122.3% from 2021 to 2026.
Asia-Pacific would be the highest contributor to the global market, with USD 2.20 Billion in 2020, and is estimated to reach USD 329.09 Billion by 2026, registering a CAGR of 130.7% during the forecast period.
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The global 5G infrastructure market size was valued at USD 371.4 Million in 2017 and is projected to reach USD 58,174.6 Million by 2025, growing at a CAGR of 95.8% from 2018 to 2025.
The key drivers for the development of 5G technology market size are reduced latency, accelerated penetration of modern telecommunications network architecture, and a rise in mobile data traffic.
The surge in M2M connectivity across various sectors is also projected to fuel the development of 5G Infrastructure during the predicted time frame.
This study analyzes the market size of 5G Base Stations by regions, nations, device types, and end industries. It also analyzes the global economic landscape, business trends and developments, prospects and threats, risks, and obstacles to competition, sales networks, retailers, and Porter's Five Powers Research.
The global 5G market size in 2020 will be 4296 Million dollars and is anticipated to grow exponentially by 2024, with a 56.7 % CAGR in 2020-2024
Increasing demand for mobile consumer bandwidth and connectivity for IoT and sensor devices for smart city applications, together with emerging applications such as Augmented Reality (AR) and self-driving cars, fuel the growth of the 5G market size during the forecast period.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0Z147/global-5g
The less power consumption of femtocell networks is expected to be the major factor driving Picocell and Femtocell Market size during the forecast period.
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