According to the research report titled ‘GLOBAL Small Cell Market 2019-2028’, available with Market Study Report, global small cell market is expected to expand at 24.38% CAGR over 2019-2028.
 

Increasing mobile data traffic across the globe is the key factor stimulating global small cell market growth. Further, rising demand for network capacity to access linked devices or IoT devices along with growing number of 5G installations in various nations are adding significant traction to the market development.
 

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The market development can also be ascribed to mounting demand for effective public safety operations and telecommunication carriers' growing focus on last-mile connectivity.
 

On the contrary, cross-interference between networks and challenging site acquisition process are limiting the industry progression. Other obstacles include expensive deployment costs, insufficient backhaul capacity, and excessive bandwidth expenses. However, major prospects such as green technology, IoT, and HetNet can be leveraged to attain the predicted growth rate.
 

Based on technology type, global small cell market is split into 5G technology, 4G/LTE technology, 3G technology, and 2G technology. As per product landscape, the industry segmentation comprises picocell, metercell, microcell, and femtocell.
 

Elaborating on operating environment, the market is categorized into outdoor operating environment and indoor operating environment. Speaking of location, the industry is segmented into rural & remote and urban. Moving on to end user scope, the market is categorized into enterprise and residential & soho.
 

Considering the regional landscape, Middle East & Africa, Asia Pacific, North America, Latin America, and Europe are the key contributors to the overall small cell market development. Among these regions, Latin America industry is slated to grow substantially by the year 2028, due to rising internet and mobile penetration in countries such as Mexico and Brazil. Further, increased use of IoT devices and subsequent rise in demand for mobile data and better services is contributing to the regional market expansion.
 

Prominent players operating in this business sphere are Fujitsu Ltd., Telefonaktiebolaget LM Ericsson, Airspan Networks Inc., Samsung Electronics Co. Ltd., Corning Inc., CommScope Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Accelleran NV, ZTE Corporation, NEC Corporation, Comba Telecom Systems Holdings Ltd., AT&T Intellectual Property, and Qucell Networks Co. Ltd.