Small Cell 5G Network Market to be worth $125.5 Billion by 2030: Grand View Research, Inc.
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Apr 27, 2023, 04:00 ET
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SAN FRANCISCO, April 27, 2023 /PRNewswire/ -- The global small cell 5G network market size is anticipated to reach USD 125.5 billion by 2030, registering a CAGR of 72.5% over the forecast period, according to a new report by Grand View Research, Inc. The deployment of next-generation small cell 5G networks is estimated to witness significant growth over the forecast period. This is attributable to the increasing demand for the 5G network from a massive chunk of customers at public locations such as malls, offices, and stadiums. The ever-rising demand for fast mobile data connectivity among consumers has surged the deployment of the next-generation Radio Access Network (RAN). The installation of small cell 5G networks is rapidly increasing in enterprises, industrial, and residential applications to provide enhanced coverage capacity at an affordable cost.