The global Small Cell 5G Network industry accounted for $344 million in 2018 and is projected to reach $6.87 billion by 2026, registering a CAGR of 45.3% from 2019 to 2026, according to Allied Market Research's recently published Small Cell 5G Network Market report.
Rise in network densification, growing mobile data traffic, emergence of Citizens Broadband Radio Service (CBRS) band, and surge in investment in 5G infrastructure by several economies have boosted the growth of the global Small Cell 5G Network Market. However, small cell deployment challenges and concerns related to fiber backhaul are the factors that hamper the market growth. On the contrary, emergence of Internet of Things (IoT), and rise in demand for ultra-reliable low latency communications are expected to create lucrative opportunities in the near future.
The solutions segment held the largest share in 2018, contributing to more than two-thirds of the global Small Cell 5G Network Market, owing to its ability to converge various hyperdense network architectures into the advance scalable architectures. However, the services segment is projected to register the fastest CAGR of 48.4% during the forecast period, owing to its ability to increase capacity in operator networks across an array of locations and addresses.
The millimeter wave segment to portray the fastest growth through 2026
The millimeter wave segment is expected to manifest the fastest CAGR of 51.5% during the study period, owing to features including ubiquitous coverage, ultra-high capacity, ultra-wide bandwidth to support flexible & compatible services. However, the mid-band segment held the largest share in 2018, accounting for nearly half of the global Small Cell 5G Network Market, as with surge in number of 4G and subscriber data speeds the exponential value of ten Kbps to several Mbps has evolved from several Mbps to hundreds of Mbps.
