5G to drive small cell network market
According to the firm, the rise in network densification, growing mobile data traffic, the emergence of the Citizens Broadband Radio Service (CBRS) band, and a surge in investment in 5G infrastructure by several economies have boosted the growth of the global small cell 5G network market.
However, the report found that small cell deployment challenges and concerns related to fiber backhaul are the factors that hamper the market growth. On the contrary, the emergence of the Internet of Things (IoT), and the rise in demand for ultra-reliable low latency communications are expected to create lucrative opportunities in the near future.
The report, titled, “Small Cell 5G Network Market” divides the market by Component (Solution and Service), Radio Technology (Standalone and Non-standalone), Frequency Band (Low-band, Mid-band, and Millimeter Wave), Cell Type (Femtocells, Picocells, and Microcells), and Application (Indoor Application and Outdoor Application).
The solutions segment held the largest share in 2018, contributing to more than two-thirds of the global market, owing to its ability to converge various hyperdense network architectures into the advance scalable architectures. However, the services segment is projected to register the fastest CAGR of 48.4% during the forecast period, owing to its ability to increase capacity in operator networks across an array of locations and addresses.
The millimeter wave segment is expected to manifest the fastest CAGR of 51.5% during the study period, owing to features including ubiquitous coverage, ultra-high capacity, ultra-wide bandwidth to support flexible and compatible services. However, the mid-band segment held the largest share in 2018, accounting for nearly half of the global market, as with a surge in the number of 4G and subscriber data speeds the exponential value of ten Kbps to several Mbps has evolved from several Mbps to hundreds of Mbps.
The North America region dominated the market in 2018, contributing to nearly half of the market and is anticipated to maintain its dominance throughout the forecast period. This is due to the factors including high number of players, rise in strategic trails to launch 5G technologies, and equipment in this region.
Moreover, Asia-Pacific is expected to register the fastest CAGR of 52.3% through 2026. This is due to the mobile cellular industry in the region is rolling out diverse technical and commercial solutions with the arrival of small cells for 5G networks.
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