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Proliferation of Internet of Thing (IoT) Devices Driving Demand for Small Cell 5G Network Services: Fact Report
ROCKVILLE, MD, UNITED STATES, June 20, 2024 /EINPresswire / -- The global small cell 5G network
market is expected to reach a value of US$ 1.6 billion in 2024, according to the recently updated study published by Fact, a market research and competitive intelligence provider. The market has been analyzed to expand rapidly at 21.5% CAGR from 2024 to 2034.
Indoor small cell 5G network deployment entails networking
Electronics installation within buildings, including shopping centers and commercial establishments for enhancing indoor connectivity and coverage. These facilities offer higher data speeds and ensure improved connectivity for users within an indoor environment. Surging demand for high-speed network infrastructure and ongoing work-from-home trends are key factors driving small cell 5G network demand.
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There has been increased deployment of 5G infrastructure along with growing implementation of IoT devices into wireless electronics and smartphones. They are pushing the need for more effective internet connections, which is subsequently making small cell 5G networks more popular.
Key Takeaway from Market Study
The global small cell 5G network market is calculated to reach US$ 11.4 billion by the end of 2034. The market in Japan is evaluated to surge ahead at 23.1% CAGR from 2024 to 2034.
Demand for small cell 5G network solutions in South Korea is projected to accelerate at a CAGR of 23.4% through 2034. East Asia is analyzed to capture 25.8% share of global market revenue by 2034.
Based on deployment mode, worldwide demand for indoor small cell 5G network solutions is forecasted to increase at a CAGR of 21% and reach a market value of US$ 7.6 billion by 2034-end cell 5G network solutions are approximated to hold 63% share of the global market by the end of 2034.
“Low latencies and high speed of 5G networks along with growing mobile data traffic will be the main factors that will drive small cell 5G network demand over the coming years,” says a Fact analyst.
Growing Use of Small Cell 5G Network Services for Advanced and Scalable Architecture
Worldwide demand for small cell 5G network solutions is evaluated to increase at a double-digit CAGR of 20.6% and reach a value of US$ 7.2 billion by the end of 2034. These network solutions are utilized frequently for the integration of various technological features. Increased demand for small cell 5G network solutions is attributed to their capacity of converging multiple hyperdense network technologies into more advanced and scalable architecture.
Key Market Players
Leading manufacturers of small cell 5G networks are Ericsson, Huawei Electronics Co., Ltd., ZTE Corporation, Cisco, NEC, Fujitsu Limited, Baicells Technologies, Altiostar, Ceragon, Comba Telecom Systems Holdings Ltd., CommScope Inc., Nokia Corporation, Contela, and Airspan Networks.
Country-wise Insights
Strategies for Successful Commercialization of 5G Network Solutions
By the end of 2034, the United States is expected to dominate with a market share of 45.6% in North America. The increasing deployment of small cell 5G network infrastructure within the country presents lucrative prospects for industry players. Major players in the U.S. market are actively engaged in expanding their networks through the construction of small cells, aiming to enhance network density while minimizing the costs associated with 5G installations. Verizon, AT&T, Sprint, and T-Mobile are adopting favorable approaches to drive the commercialization of 5G networks, often forging partnerships with leading service providers such as Ericsson, ZTE, Huawei, Samsung, and Nokia.
Competitive Landscape
Some leading figures within the small cell 5G network sector are pioneering advanced technologies to enhance bandwidth solutions for both rural and urban settings. Noteworthy advancements include:
AWS introduced Integrated Private Wireless in February 2023. This innovation simplifies the deployment and management of private wireless networks for enterprises, fostering collaboration with telecommunications companies.
Mavenir, specializing in cloud-based network software, unveiled its 5G small cell, the 'E511,' in October 2022. Leveraging the company's comprehensive RAN software solution, this launch integrates common management and control unit systems, thereby enhancing deployment flexibility.
Additionally, the latest market report from Fact offers comprehensive insights into small cell 5G network service providers worldwide. It covers aspects such as pricing, sales growth, production capacity, and potential technological advancements.
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More Valuable Insights on Offer
Fact, in its new offering, presents an unbiased analysis of the small cell 5G network market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on component (solutions, services (consulting, integration & deployment, training & support)), frequency band (low frequency, mm wave), radio technology (5G new radio (NR) standalone, 5G NR non-standalone), deployment mode (outdoor, indoor), cell type (picocells, femtocells, microcells), and application (enhanced mobile broadband, massive IOT, massive machine type communication & ultra reliable low latency), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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