PUNE, India, October 9, 2015 /PRNewswire/ --
According to a new market research report "Small Cell Networks Market by Small Cell Types (Femtocell, Picocell, Microcell, and Metrocell), by Operating Environments (Indoor, and Outdoor), by Services, by End Users, by Verticals, and by Region - Global Forecast to 2020", published by MarketsandMarkets, The global Small Cell Networks Market to grow from USD 1.06 Billion in 2015 to USD 3.92 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 29.80% during the forecast period.
Browse 68 market data Tables and 46 Figures spread through 126 Pages and in-depth TOC on "Small Cell Networks Market"
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The market report defines and segments the market on the basis of applications, platforms, services, end-users, verticals, and regions and provides an in-depth analysis and forecasting of the market size. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.
Telecommunication policies have undergone major up gradation in developed as well as developing regions. Many developed regions have started implementing advanced communication technologies, which has improved the overall communication standards in the deployed areas. The increased adoption of technology for various communication functions by various organizations and end users across the world has resulted in an increase in mobile-data traffic. Thus, the deployment of small cells and other wireless technologies by the service provider would enhance the voice and data traffic quality in the deployed network.
Mobile technologies have particularly created a positive impact in the developed regions. The increase in mobile data traffic, which is driven by the rapid adoption of smart phones, has pushed telecom operators to provide superior quality network to their end users. Such high dependence on the usage of mobile data has effectively driven the installation of small cells to reduce the bottle-necks in the available spectrum. Small cells can be installed indoors and outdoors and require minimum infrastructure, thereby reducing the capital expenditure and improving revenues for the service provider.
By deploying wireless technologies such as small cells and Heterogeneous Network (HetNet), the communication service provider can address both short term and long term challenges. In short term challenges, the main focus of the service provider is on reducing the overall cost of operations and increasing revenue margins, while in long term challenges, the focus is on enhancing the network quality and creating a loyal consumer base.
Furthermore, the Small Cell Networks Market remains competitive with the presence of a large number of vendors. Some of the major vendors in the Small Cell Networks Market are Alcatel-Lucent, Airvana, Huawei, Nokia Networks, ZTE, and ip.access.
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This report provides an in-depth analysis of the Small Cell Networks Market across the types, operating environment, services, end users, verticals, and regions. The small cell networks service market consists of installation and integration, maintenance and support, network planning and design, and professional services. The Small Cell Networks Market report includes types such as mircocell, picocell, metrocell, and femtocell. The end users have been segmented into consumer and small office and home office (SoHo), SMBs, and large enterprises. In addition to this, the report classifies the market according to the regions of North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
MarketsandMarkets forecasts the global Small Cell Networks Market to grow from USD 1.06 Billion in 2015 to USD 3.92 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 29.80% during the forecast period. In the current scenario, North America is expected to be the largest market in terms of market size and technological advancements.
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