Global Small Cell Market 2017-2021

Global small cell market overview

Technavio’s market research analyst predicts the global small cell market size to grow steadily at a CAGR of around 19% by 2021. The advances made in the mobile broadband technology is one of the primary factors fueling the small cell market growth. Mobile broadband technology and LTE for transmitting high-speed data, video, and voice, have become the mainstream standard for mobile communication. Also, advances in existing technologies such as land mobile radio (LMR) systems have augmented the demand for such services for public safety. Numerous public safety agencies are focusing on improving the security of their systems, which further boosts the market demand for advanced technologies such as LTE and voice over long-term evolution (VoLTE). The ability to provide quicker user experience even from a low power, cost-effective location will augment the small cell market’s growth over the next few years.

In terms of geography, the Americas accounted for the maximum small cell market share during 2016. Factors such as increased penetration of Internet-enabled devices, growth in mobile data traffic, and availability of faster Internet connections drive the market growth in the Americas. The US contributes the maximum revenue to the market. However, due to market saturation in the region and the rapid growth rate in shipments and deployment of 3G small cells and 4G/LTE small cells globally, the growth rate of the America is expected to decline over the next few years.

Competitive landscape and key vendors