Small Cell Networks Market Poised for Remarkable Growth, Projected to Reach $17.3 Billion by 2028, Driven by 5G Adoption and IoT Connectivity
DUBLIN, Nov. 3, 2023 /PRNewswire/ -- The "Small Cell Networks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global small cell networks market, which attained a size of US$ 5.0 billion in 2022, is poised for significant growth, with a projected market value of US$ 17.3 billion by 2028. This expansion is expected to be driven by a notable Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period of 2023-2028.
Unlocking the Power of Small Cell Networks
A small cell is a cost-effective radio access point with low radio frequency (RF) power output, a small footprint, and limited range. It can be deployed indoors and outdoors, in licensed, shared, and unlicensed spectrum, and plays a crucial role in providing high-quality and secure cellular coverage.
Small cell networks enhance macro networks, add targeted capacities, support new services and user experiences, and offload cellular traffic. These networks improve network efficiency while consuming lower power compared to traditional base stations. They make the most of available frequency spectrum by reusing the same frequencies across a geographic area. Small cell networks are witnessing increased demand for applications such as teleconferencing, online education, and telemedicine.
Key Market Trends
Several trends are driving the growth of the small cell networks market:
The market is segmented based on cell type, operating environment, and end-use industry:
By Cell Type:
By Operating Environment:
By End-Use Industry:
Key players in the global small cell networks market include Airspan Networks Inc., ATC IP LLC, Baicells Technologies, Cisco Systems Inc., CommScope, Huawei Technologies Co. Ltd., Mavenir, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated, and ZTE Corporation.
Key Questions Answered in This Report
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Research and Markets
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