The global small cell 5G network market size is estimated to reach USD 28,476.4 million by 2027, registering a CAGR of 77.6% from 2020 to 2027, according to a new study by Grand View Research, Inc. The market attained a volume of 215 thousand units in 2019. Significant growth in the global mobile network traffic due to the massive adoption of smartphones across the globe has raised the rapid demand for high-speed data bandwidth among consumers. To deliver uninterrupted enhanced internet connectivity to consumers, Communication Service Providers (CSP) must opt for network densification and low-cost network solutions. This, in turn, is estimated to fuel the deployment of small cell 5G networks globally over the forecast period.
Significantly
growing demand for high bandwidth capacity across a wide range of use cases
such as accessing Ultra-high Definition (UHD) videos, cloud-based AR/VR gaming,
and continual HD video meetings are expected to drive adoption of small-cell 5G
network during the forecast period. Besides, to cater to the robust demand for
improving data coverage and capacity in several crowded public places such as
stadiums, airports, and malls, the deployment of small cell 5G networks is
expected to see considerable growth over the forecast period. Moreover, the
rising trends for telemedicine, remote patient monitoring, and remote surgeries
across key countries such as the U.S., China, the U.K., and Japan, have surged
the demand for faster data bandwidth in a bid to deliver unified connectivity
in such critical applications. Also, the massive investments by federal governments
in deploying advanced technologies across healthcare facilities is further
anticipated to boost the installation of small cell 5G network globally.
With
the evolving trends of industry 4.0, key industry players across the globe
invested a significant amount in deploying many Industrial Internet of Things
(IIoT) devices such as collaborative robots, Automated Guided
Vehicles (AGV), UHD wireless cameras, and sensor-enabled machines, among
others in their facilities. This helps these organizations to enhance the
overall operational efficiency and productivity in such a highly competitive
environment. Therefore, to establish constant communication among these IIoT
devices, it is estimated to augment the deployment of next-generation small
cell networks for industrial applications from 2020 to 2027. Furthermore,
growing investments in deploying lamp post small cell 5G networks to provide
high-speed bandwidth connectivity for smart city applications is further
expected to drive the global market growth.
The
ongoing pandemic of COVID-19 has shown an adverse impact on the small cell 5G
network market. This outbreak has declined in the global production and trades
of 5G small cells. Also, federal governments across key countries such as the
U.S., France, the U.K., and Australia have temporarily postponed the 5G
spectrum auctions in their countries. The escalating trade war between the two
largest economies like China and the U.S., along with a high backhaul and
transport network deployment costs, is further estimated to impede the market growth
over the forecast period.
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Small Cell 5G
Network Market Report Highlights
- Asia Pacific
captured the largest market share of more than 30% in 2019 and is
estimated to grow at a CAGR of 72.8% from 2020 to 2027. The growth is
attributed to the rapid investments in deploying 5G infrastructure by
major telecom operators across key countries such as China, Japan, and
South Korea
- The robust
deployment of small cell 5G networks in homes and offices to leverage
enhanced bandwidth capacity is expected to lead to the indoor segment
growth from 2020 to 2027
- With huge
investments by key players to deploy cloud-based RAN to reduce the overall
infrastructure costs, the virtualized network architecture segment is
anticipated to see massive growth over the forecast period
- With the
rapidly growing deployment across several mass gathering places such as
stadiums, malls, and airports, the commercial segment is expected to
capture the largest market share from 2020 to 2027
- Key market
players such as Ericsson and Nokia Corporation are actively focused on
developing new 5G-based small cells to strengthen their product portfolios
and their market presence across several geographies
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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