New York, U.S., Jan. 27, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Cellular Networks Market information by Technology, by Frequency, through Connection type, by application and region – forecast to 2027“The market size is growing at a compound annual growth rate of 30% by 2027.
The promising growth of 5G services will provide strong opportunities to the market over the forecast period for the high social and economic value of their applications. The researched 5G network has now been successfully tested by industry players and thus paved the way for the market. 5G services are intended to provide users with a more uniform user experience, increased availability, increased network capacity, ultra-low latency and higher multi-Gbps data speed.
The Dominant Key Players in the Cellular Network Market Covered are:
- AT&T Inc. (USA)
- Verizon Communications (US)
- Alcatel-Lucent (France)
- Bharti Airtel Ltd (India)
- NTT Docomo (Japan)
- Reliance Communications Ltd (India)
- Singapore Telecommunications Ltd (Singapore)
- China Mobile Ltd (China)
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Exclusively encompassed USP market:
Evolution of mobile industry to drive market growth
The evolution of the mobile industry will drive the growth of the market over the forecast period. It is expected that the popularity of iPad, iPhone, laptop, dongle and smartphone will fuel the growth of the market. This is based on charges payable for data access, data, network coverage and other additional services provided by cellular network market players. The increasing use of smartphones is contributing to the growth of the market. Majority of people are choosing Android handsets with higher speeds along with new models being launched daily. Smartphone usage is likely to increase significantly in the future. The rapid increase in the use of smartphones will directly create a greater impact on the cellular network, which will drive the growth of the market.
Lack of expertise and experience to act as market restriction
Lack of expertise and experience in building, operating and managing cellular networks could act as a drag on the market during the forecast period.
Lack of high quality services in rural areas to meet market challenge
The lack of high quality services in rural areas and the fact that most of the people in these areas do not know how to use cellular devices may pose challenges for the market during the forecast period.
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Market Segmentation Covered by Research:
The global cellular network market has been divided based on technology, frequency, application, and connection type.
By technology, 5G technology will dominate the market over the forecast period as it enables a new form of network that can connect virtually anything and everyone including devices, objects, and machines.
By frequency, LTE frequency will dominate the market over the forecast period as it enables roaming and consumes less battery power. EDGE stands for enhanced data rates. It is also the most used frequency before 3G. LTE means a much more advanced long-term evolution than 3G. This is due to LTE which allows roaming and coexistence with less battery power. UMTS is a universal mobile telecommunications system. This is called the frequency for 3G. It is the first sufficient network to support mobile browsing. Before the start of 3G Internet, it was not as common as it is today.
By application, mobile phones will spearhead the market during the forecast period. Cell phones need cellular networks to connect to each other, and cellular network service providers offer two forms of subscription: postpaid and prepaid. The widespread use of mobile phones has dramatically affected the need for cellular networks in a positive way.
By connection type, the global cellular network market is segmented into prepaid and postpaid.
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APAC to own Lions share of cellular network market
The APAC region will hold the lion’s share in the cellular network market during the forecast period. Increasing mobile connectivity rates, increasing digitization in countries – India and China, improving connectivity rates, China and India are moving towards automation and maintenance using remote operations, connectivity cloud and remote monitoring, increasing mobile connectivity rates in India and China, increasing need for high quality cellular network services which is boosting 4G services, and most of the market players actively involved in the development of the technology 5G is contributing to the growth of the global cellular network market in the region. In addition, the region’s significant importance in the semiconductor market, the widespread and growing adoption of smartphones in emerging economies, high mobile connectivity rates, the planned merger of Sistema and Reliance Communications providing access to spectrum to deliver 4G services across the region, with industry players making significant investments to increase service capacity as well as the number of base subscribers, and Bharti Airtel investing around $3 billion to expand operations in India while improving customer satisfaction are also contributing to the growth of the market.
Impact of COVID-19 on the Global Cellular Network Market
According to the rise of coronavirus, the global cellular network market has not faced a great threat to its growth as communication can never stop even during the outbreak. Cellular networks are vital and have helped during these difficult times. This help can be offered by theoretical knowledge to people in rural areas who are suffering from the coronavirus. Guidelines and helplines are directed via cell phones. It is of immense importance. The market has grown steadily during the outbreak as cellular networks have become a necessity. The use of online content and smartphone being the sole source of entertainment for people is what has driven the growth of the market.
The crisis has accelerated the digital transformation of industries and fueled virtual and remote enablement, making reliable connectivity all the more critical than before. Cellular networks are able to meet the on-premises connectivity needs of businesses by customizing the network to enable capabilities and use cases that are difficult to achieve with traditional wired or wireless network solutions. In addition, local governments have implemented initiatives favorable to the liberalization of the spectrum as well as the standardization of cellular networks for industrial use. This has led to increased market competition and increased accessibility of innovative business models for cellular deployments.
Ericsson and Telstra have announced the first-ever rollout of Ericsson Private 5G, a dedicated on-premises 5G network specifically for businesses.
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