Small Cell Networks Market Highlights:
A small cell is a miniature base station used to break up a cell site into smaller pieces. It is a term which encompasses indoor/outdoor systems, femtocells, microcells, and picocells. Small cells have typical applications in areas that have a high population density. Most small cell infrastructures are targeted for outdoor use. Alternatively, indoor small cell systems, in some cases, might incorporate Wi-Fi or unlicensed LTE bands, depending on the different capabilities that are supported by service providers.
Market Research Future (MRFR), in the latest report, has suggested that the global small cell networks market is expected to witness an approximate CAGR of 23% over the forecast period. A rapid growth in the adoption of IoT devices, coupled with Small Cell Networks Market capabilities to offer direct connectivity among such devices is likely to drive the demand for small cell networks.
Other factors attributing to the growth in the global small cell networks market include an elevation in the use of mobile networks, along with increasing use of data for browsing social media, video, gaming, as well as live streaming. Right now, the world is expected to adopt 5G, which is estimated to turn the data transformation speed in real-time. This is anticipated to result in heavier demand for small cell networks.
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Small Cell Networks Market Major Key Players:
Some of the players that stand out in the global small cell networks market include Airspan Networks, Inc. (U.S.), CommScope Inc. (U.S.), Cisco Systems, Inc.(U.S.), Ericsson (Sweden), Hitachi, Ltd.(Japan), Huawei Technologies Co., Ltd.(China), Nokia (Finland), ZTE Corporation (China), Qualcomm Telecommunications (U.S.), and Texas Instruments(U.S.).
Small Cell Networks Market Segmentation:
The global small cell networks market is segmented on the basis of type, operating environment, service, end-user, vertical, and region. Such segmentation has been carried out to analyze the market and arrive at an insightful analysis.
Based on type, the global small cell networks market is segmented into microcell, picocell, femtocell, and metro cell. Based on service, the global small cell networks market is segmented into professional services and managed services. The managed services segment is further segmented into network planning, design, maintenance and support, and installation and integration. Based on operating environment, the global small cell networks market is segmented into indoor operating environment and outdoor environment. Based on end-user, the global small cell networks market is segmented into Small and medium enterprises, large enterprises, and residential. Based on verticals, the global small cell networks market is segmented into education, retail, government, BFSI, healthcare, and energy & power.
Small Cell Networks Market Detailed Regional Analysis:
The global small cell networks market is predicted to reach a revenue valuation of USD 6 billion by the end of the forecast period. The global small cell networks market has been studied for the regional segments of North America, Europe, Asia Pacific, and Rest of the World. Among these regional segments, North America is currently holding the largest share of the small cell networks market.
The region is also expected to retain its dominion over the global small cell networks market through the assessment period. Such dominance can be accredited to the rising demand for faster and better solutions to upgrade and sustain their mobile backhaul links to keep up with the ongoing bandwidth growth. Further, the ability of making such solutions available in a cost effective manner is contributing to the ascension of the regional small cell networks market.
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August 2019: Russian carriers recently announced a collaboration with Qualcomm on Europe’s first-millimeter wave 5G network, with a Moscow launch planned for the fall.