Pune, Nov. 07, 2019 (GLOBE NEWSWIRE) — The global 5G small cell market size is set to reach USD 15,951.7 Million by 2026, displaying an astounding CAGR of 81.9% during the forecast period. Growing awareness about the advantages of small cell technology will be one of the primary drivers of the growth of this market. 5G encounters various hindrances when providing internet to users and therefore, consumers may not be able to avail 5G speeds. To overcome these obstacles, small cells are deployed. These cells are basically low-power mini base stations located in the region to be served, are managed by telecom operators, and result in improved coverage. Users can enjoy faster data services owing to the low latency of this technology. Furthermore, these cells are small in size and are extremely convenient to install and dismantle. Lastly, they consume less power, making them environment-friendly. These advantages have resulted in pushing up the demand for these cells, which bodes well for the 5G small cell base station market.
According to the Fortune Business Insights report, titled “ Size, Share & Industry Analysis, By Application (Residential & SOHO, Enterprises and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell and Microcell), and Regional Forecast, 2019-2026”, the market value stood at USD 175.2 Million in 2018. The report also incorporates an in-depth assessment and analysis of the various factors, trends, and dynamics that will shape the market so as to enable businesses to design their strategies conducive to their growth.
Browse Complete Report Details with Table of Content and Figures:
Integration of 5G with Internet of Things (IoT) Technology to Favour Growth
There is an increasing demand for high-speed mobile data and 5G is expected to usher in a new era of mobile internet technology. With the technology getting launched in 2020, there is growing anticipation among consumers. Industry pundits are expecting a significant expansion of the market size in the next few years. According to Ericsson AB, by 2022, there will be 550 million 5G subscriptions. More importantly, 5G is seen as the foundation for IoT to flourish and become more accessible. The combined force of these two technologies will not only enlarge the web of connectivity among people, but it will also revolutionize business processes, particularly in the manufacturing and service sectors. For example, Imaginalis is on its way to integrate 5G and IoT for remote diagnosis services which will be achieved through smooth image transfers and fast data analysis. These benefits will outweigh the initial high costs of 5G small cell installation across regions and shape the 5G small cell market trends.
Well-Established Communication Infrastructure to Fuel the Market in North America
Having generated USD 59.8 million in terms of revenue in 2018, North America is set to dominate the global 5G small cell market share till 2026. Increasing demand for fast data and growing advancements in Virtual Reality (VR) and Augmented Reality (AR) platforms are the main factors driving the growth of the market in North America. Europe is expected to grow at a considerable pace owing to increasing research in the region. Increasing smartphone penetration and rising adoption of advanced communication technologies by governments will accelerate the 5G small cell market growth in Asia-Pacific.
Increasing Investment in Innovation to Invigorate Competitive Spirits
Key players in this market are intensely focusing on developing new and innovative products to better entrench their position as well as give consumers a wider choice of products. For example, Ericsson developed its palm size base station for indoor connectivity called Radio Dot. In July 2019, Ericsson and Swisscom collaborated to install this small cell base station in the latter’s commercial office space in the Swiss town of Liebefeld. Similarly, Spanish technology start-up company, Celling 5G, recently joined the 5TONIC co-creation lab in Madrid to conduct research and find optimal solutions for outdoor 5G small cell tower deployment.
List of Key Companies Profiled in the 5G Small Cell Market Research Report are:
- Samsung Group
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- ZTE Corporation
- Cisco Systems, Inc.
- NEC Corporation
- Nokia Corporation
- CommScope Inc.
- Airspan Networks Inc.
- Fujitsu Limited.
- Comba Telecom Systems Holdings Ltd.
Speak to Analyst
Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global 5G Small Cell Market Overview
- Key Market Indicators
- Macro and Micro Economic Factors
- Key Trends
- Consolidated SWOT Analysis of Key Players
- Key Analysis of 5G Communication Infrastructure
- Macro Cell
- Radio Access Network (RAN)
- Distributed Antenna System (DAS)
- Global 5G Small Cell Market Analysis, Insights and Forecast, 2017-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Application
- Residential and SOHO
- Other (Government and Others)
- Market Analysis, Insights and Forecast – By Communication Infrastructure
- Market Analysis, Insights, and Forecast – By Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Request for Customization:
Browse Related Reports:
Size, Share and Industry Analysis By Component (Fibers, Cables, Antenna, Transceiver, Wireless Backhaul, Modem, Router), By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)), and Regional Forecast 2019-2026
Size, Share & Industry Analysis, By Offering (Solution, Services), By Deployment (On-Premise, Cloud, Hybrid), By Application (Customer Analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, Others), By End Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, Others) and Regional Forecast, 2019-2026
Size, Share & Industry Analysis, By Component (Hardware and Software), By Industry (Discrete Industry and Process Industry), and Regional Forecast, 2019-2026
Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.