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The global small cell 5G network market size is expected to reach USD 17,944.5 million by 2028. The increasing data traffic due to the high number of internet users can have an outstanding impact on the market growth, mentioned in a report, titled “Small Cell 5G Network Market Size, Share, Trends, & COVID-19 Impact Analysis, By Applications (Residential and Soho, Enterprises, and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell, and Microcell), and Regional Forecasts, 2021-2028.” The market size stood at USD 740.8 million in 2020 and is expected to exhibit a CAGR of 54.4% between 2021-2028.
Several market leaders have planned to develop and commercialize small cell platforms during the post-pandemic period. Several government agencies are spending heavily in 5G network deployments for high-speed internet connectivity. For example, the Brazilian government planned to hold a 5G spectrum auction in July 2021 to expand the country's communications. According to the Brazilian telecoms regulator authority, the auction will advance the business of 5G network deployment.
Introduction of Nokia’s New additions of Small Cells Portfolio to Foster Growth
May 2021, Nokia announced the addition of new AirScale small cell products to its industry-leading AirScale portfolio for superior indoor and outdoor 5G coverage. Nokia's new devices have improved hardware and support for the majority of frequency bands, including C-Band spectrum requirements in the U.S. Nokia's new AirScale micro Remote Radio Heads (mRRH) provide excellent outdoor 5G coverage, improving capacity and coverage in busy metropolitan areas. Nokia's mRRHs enable operators to densify their networks in a cost-effective manner, particularly where the deployment of a macro cell would be inconvenient. Micro RRH features tiny footprints, more deployment possibilities, lower power usage, and thus cheaper operational costs. In addition to the new C-Band (n77) product for the U.S., Nokia's upgraded mRRH portfolio also includes a new n79 product for even greater mid-band capabilities.
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Growing Implementation of internet of things (IoT) to Push Market Development
The increasing adoption of internet of things (IoT) gadgets, smartphones, wireless devices, and other devices has increased the need for reliable internet connections. Furthermore, rising government and telecom operator investment in 5G network infrastructure deployments is likely to fuel the market progress. Furthermore, according to the Global Mobile Suppliers Association (GSA), roughly 81 Mobile Network Operators (MNOs) from 42 countries will start 5G commercial services in June 2020. In addition, 385 mobile network operators (MNOs) from 125 countries plan to invest in 5G implementation.
Adoption of Numerous Strategies by Major Companies to Enhance Growth
To remain competitive, market leaders are implementing various business tactics such as product launches, mergers, partnerships, collaborations, and acquisitions. For example, Beginning in January 2021: Telefonaktiebolaget LM Ericsson Telecom Company has finalized an agreement with Asia-Pacific Telecom of Taiwan (APT). The agreement to deploy a 5G Non-Standalone Multi-Core Network with 3.5GHz Network Radio across Taiwan has been completed. Similarly, Altiostar, in conjunction with Rakuten Mobile and Intel Corporation, will deploy a cloud-based container 5G Radio Access Network (RAN) solution in February 2020. In Japan, the solution was implemented for Rakuten Mobile.
The Report Lists the Key Companies in this Market:
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The Market is Segmented into
Value (USD million)
Applications; Communication Infrastructure; and Geography
By Communication Infrastructure