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The global small cell 5G network market size is projected to reach USD 15,951.7 Million by 2026. Escalating demand for cloud computing solutions will be the primary growth driver for this market during the forecast period. According to the Fortune Business Insights report, titled “Small Cell 5G Network Market Size, Share & Industry Analysis, By Application (Residential & SOHO, Enterprises and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell and Microcell), and Regional Forecast, 2019-2026”, the value of the market stood at USD 175.2 Million in 2018. Between 2019 and 2026, the market will surge at a CAGR of 81.9%.
The report provides an exhaustive analysis of the market by dividing it into segments. By application, the market is segmented into residential and SOHO (small office / home office), enterprises, and others (government buildings and others). As per the small cell 5G network market trends, the Enterprises segment is expected to hold the largest share. By communication infrastructure, the market is segmented into Femtocell, Metrocell, Picocell, and Microcell, with femtocell leading the pack in terms of market share. It will be followed by microcell which will occupy a share of 26.3%. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Here, North America is set to dominate the scene.
Growing Requirement for Advanced Data Analytics from Enterprises to Open New Avenues
Enterprise structures and processes are growing increasingly complex on account of the vast amounts of data that they receive and generate. This has created the need for advanced data analytics solutions from these entities, which can be fulfilled by small cell 5G network deployment. Such installations can enhance cloud computing capacities of enterprises and further boost the demand for these cells. Some companies are already engaged in providing novel tools to enterprises. For instance, Cisco developed the Ultra Cloud Core platform that can enable seamless integration of services connected by 3G, 4G, 5G, IoT, and Wi-Fi.
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Wide-Ranging Application of Femtocells to Bolster Growth
Femtocells are expected to exhibit a healthy CAGR during the forecast period, fueling the small cell 5G network market growth. This is mainly on account of the wide applicability of these devices. For example, femtocells are capable of extend network coverage and disperse network overcrowding, ensuring fast data services. More importantly, these cells improve the signal strength of the base station operated by the service provider. Furthermore, they can be easily installed in commercial buildings, homes, and public areas. Lastly, these cells have sophisticated security features such as IPSec for encryption with IKEv2 and tamper alarms.
North America to Occupy Leading Position in the Market; Europe to Grow Steadily
With a revenue generation of USD 59.8 million in 2018, North America is anticipated to dominate the small cell 5G network market share in the forecast period. This is mainly on account of rising demand for high-speed data, rapid advancements in smartphone technology, and a thriving videogames industry in the region. In Europe, large-scale investments in ICT infrastructure will bode well for the market in the region. In Asia-Pacific, government promotion of 5G technology and increasing incomes in India and China stimulate greater earnings, as stated by small cell 5G network market forecast by Fortune Business Insights.
Acquisitions and Strategic Collaborations to Energize Market Competition
In October 2018, Samsung acquired Zhilabs in a bid to integrate its 5G technology with Artificial Intelligence (AI) tools. This has enhanced Samsung’s small cell 5G network architecture and entrenched its position as a market leader. In February 2019, Fujitsu and HFR collaborated to introduce the xHaul Plug-in Transponder Card, a smart device that empowers service providers to phase in 5G solutions into their existing systems. Such activities are being undertaken by important players in this market to strengthen their presence and broaden their product offerings.
Some of the key companies in this market include:
The global small cell 5G network market is segmented in the following manner:
Value (USD Million)
By Communication Infrastructure