According to the research report titled ‘Global Small Cell 5G Network Market Size study, by Component (Solutions and Services), Radio Technology (5G NR Standalone, 5G NR Non-standalone), Cell Type (Picocells, Femtocells, and Microcells), End-User (Telecom Operators, Enterprises) and Regional Forecasts 2020-2027‘, available with Market Study Report, global small cell 5G network market was valued at USD 521 million in 2019 and is expected to grow with a CAGR of 31.2% during 2020-2027.
 

Emergence of Citizens Broadband Radio Service (CBRS) band is a major factor propelling the growth of global small cell 5G network industry. Further, rising utilization of mobile networks mainly due to escalating demand for social media, video, gaming, and live streaming, that requires high speed data, is creating opportunities for the industry growth.
 

Small cells are utilized for better network capacity and network coverage which help the end clients with their remote availability. As per the trusted sources, after the rise of 5G, FCC (Federal Communications Commission) initiated the 5G spectrum auction for upper 37 GHz, 39GHz and 47GHz in December 2019. Whereas, in January 2020, the FCC declared complete commercial deployment of 3.5GHz band. Hence, boosted usage of mid band spectrum for 5G and broadband connectivity in the coming years will stimulate the market scenario.
 

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Further, rising penetration of connected devices like tablets, smartphones, VR, AR, and smart devices that require high speed data for operations is positively influencing the global small cell 5G network industry outlook. Additionally, rising automation in industries due to technological developments in machine learning and robotics further drives the market growth. However, issues related to Backhaul connectivity is a major factor that is likely to hamper the industry growth during forecast period.
 

Speaking of end user spectrum, global small cell 5G network industry is segmented into enterprises, and telecom operators. With regards to cell type, the industry is bifurcated into picocells, microcells, and femtocells. Based on radio technology, the industry is classified into 5G NR non-standalone, and 5G NR standalone. Speaking of component terrain, the industry is divided into services, and solutions.
 

As per regional analysis, North America market is witnessing substantial traction in recent times, mainly due to escalating demand of high-speed data and high penetration of 5G in the region. Meanwhile, Asia Pacific small cell 5G network market is likely to accrue the highest growth rate over 2020-2027, owing to rising population and extensive adoption of connected devices.
 

Major players operating in global small cell 5G network industry sphere include NEC Corporation, Huawei Technologies, Corning Inc., CommScope Inc., ip.access Limited, Cisco Systems, Nokia Corporation, Telefonaktiebolaget L M Ericsson, Airspan Networks, and ZTE Corporation.