Fort Collins, Colorado, Oct. 13, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the small cell 5g network market size was valued at USD 989.1 Million in 2022 and is expected to reach USD 11,088.9 Million by 2032 at a CAGR of 27.4%.
The rapid growth of remote work has led to the widespread deployment of the Internet across all industries. As a result, the 5G network market is experiencing significant expansion during the forecast period. The growth of the small cell 5G network market is being fueled by increased network densification, surging mobile data traffic, and the introduction of the Citizens Broadband Radio Service spectrum.
Small cell 5G networks are increasingly being deployed in various applications to provide more comprehensive coverage capacity at a lower cost. Smart cities in developed countries have led the way in rapidly implementing these networks. They benefit organizations such as hospitals and banks by ensuring their equipment and systems are continuously operational and online, reducing the risk of failures.
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Small cell 5G networks are available throughout the region, providing uninterrupted user coverage. As needed, the mobile phone switches to a small cell to ensure signal quality behind obstructions. Private 5G solutions operate on a personal cellular spectrum, allowing organizations to fine-tune their network requirements. Implementing these solutions is a wise investment to safeguard crucial services and ensure customer and patient safety.
Segmentation Overview:
The global small cell 5G network market has been segmented into component, operating environment & end-use. The hardware segment, specifically the femtocell, dominates the small cell 5G network market due to its low cost and fiber/cable backhaul networks. The market is divided into indoor and outdoor segments, with indoor being the primary end-use due to the increasing need for 5G coverage.
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Small Cell 5G Network Market Report Highlights:
- The global small cell 5G network market growth is anticipated at a CAGR of 27.4% by 2032.
- Small-cell 5G solutions are in high demand due to their ability to integrate various network aspects into advanced architectures.
- Asia Pacific has a high market share due to the adoption of modern technology and investment in 5G by significant players in China, Japan, and South Korea.
- Some prominent players in the small cell 5G network market report include Nokia, Samsung, Cisco, Huawei, ZTE, Fujitsu, NEC Corporation, Sterlite, Radisys, Ericcson, Blinq Network.
Industry Trends and Insights:
- NEC Corporation has created a 150 GHz transmitter IC chip for Beyond 5G and 6G mobile access radio communication systems.
- In August, ZTE, AIS, and MediaTek successfully validated 5G RedCap at 2.6 GHz in Southeast Asia, marking a milestone for expanding RedCap technology for global IoT development.
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Small Cell 5G Network Market Segmentation:
- By Component: Hardware (femtocell, picocell, microcell), services (consulting, deployment & integration, training, and support & maintenance)
- By Operating Environment: Indoor, outdoor
- By End-user: Residential, commercial, industrial
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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