(MENAFN- America News Hour) Research Nester released a report titled “Small Cell 5G Network Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers a detailed overview of the global small cell 5G network market in terms of market segmentation by radio access technology, cell type, frequency band, component, application, end-user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter's five forces model.
Backed by the growing need for high-speed data services, coupled with the growing emergence of IoT, and the increasing accessibility of CBRS band spectrums, the global small cell 5G network market is projected to record a remarkable CAGR over the forecast period, i.e., 2021-2029.
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Based on cell type, the market is segmented into femtocells, picocells, and microcells, out of which, the highest market share in the year 2021 is estimated to be held by the femtocells segment. The growth of the segment can be attributed primarily to the growing utilization of these network stations in residential and industrial spaces.
Geographically, the global small cell 5G network market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these regions, the market in North America is predicted to hold the leading share by the end of 2029 on account of the presence of leading market players in the region offering unprecedented telecom and network services.
Growing Demand for High-Speed Internet and Emergence of IoT to Boost the Market Growth
An increasing number of smartphone users who are connected to the internet, along with the increasing number of IoT-connected devices is raising the need for seamless high-speed internet connectivity. To curb the issue of the growing network congestion, the demand for 5G networks is increasing globally as this type of network offers low latency and a larger spectrum. Further, the growing prevalence of IoT devices is also assessed to drive market growth. Moreover, accessibility to 3.5 GHz to 3.7 GHz CBRS bands is also evaluated to further the advancement of the market in the coming years. However, the high cost of deployment of this network is estimated to hamper the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global small cell 5G network market which includes company profiling of Cisco Systems, Inc. (NASDAQ: CSCO), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Verizon Communications Inc. (NYSE: VZ), Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd. (KRX: 005930), Nokia Corporation (NYSE: NOK), Fujitsu Limited (TYO: 6702), CommScope, Inc. (NASDAQ: COMM), Qualcomm Technologies, Inc. (NASDAQ: QCOM), Airspan Networks Inc. (OTCMKTS: AIRO), and Accelleran NV. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global small cell 5G network market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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