Global Small Cell Market to Grow at a CAGR of 28.98% by 2025
“According to the new market research report published by Inkwood Research, The global small cell market is anticipated to grow from $1408 million in 2016 to $13911 million by 2025, at a CAGR of 28.98% between 2017 and 2025.“
Browse 10 market data Tables and 34 Figures and in-depth TOC on “global Small cell market forecast 2017-2025.”
Propagation of small cells, rising mobile data traffic, improvements in mobile broadband technology, increasing need for efficient public safety operations, exponential traffic growth and network evolution towards HetNet are the major influencing factors for the growth of small cell market across the world.
3G and 4G market, growing at a significant pace
The global small cell market is expected to grow steadily during the forecast period because of the proliferation of small cells and growth in the mobile data traffic. 3G and 4G/LTE play a major role in the development of the small cell market. Mobile data rate increases with the rise in the installation of LTE networks. Thus, vendors require backhaul equipment for the transportation of data.
Femtocells dominated the Global small cell market by product
Small cell market by product is divided into Femtocell, Microcell, Metrocell, and Picocell. The femtocells segment dominates the global small cell market because of the high adoption of smart computing devices and increasing applications of smartphone for availing value-added services (VAS). In the case of microcell, the telecom providers can install low-cost solutions to enable high-speed capacity solutions that work with the existing cell phone systems. Operators deploy Metrocells for extensive public use in streets and thickly populated urban areas, leading to a wide range of new wireless products from both established and upcoming firms.
North America, the global leader in the overall small cell market
The small cell market in the Americas is expected to increase during the forecast period majorly because the market is experiencing rapid growth in shipments and deployment of 3G small cells and increasing shipments of 4G/LTE small cells. The U.S. contributes the maximum revenue to the market. The APAC market is currently experiencing rapid growth in revenue, mainly due to the growing requirement for high-speed data networks in most countries in this region. China and Japan are the major revenue contributors in this region.
The major market players in the global Small cell market are Hitachi, ltd., Airvana Inc., Cisco Systems, Inc., Airspan Networks Inc., Airvana Inc. and Ericsson telecomunicazioni S.p.A. Airspan Networks (Airspan) is a provider of 4G (fourth generation) broadband wireless systems and solutions for operators and vertical markets, including smart utilities, transportation, and public safety.
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