Market Challenges And Opportunities

However, high deployment cost of microcells is a major factor that is expected to hinder growth of the microcell basestation construction market. Small cell networks such as microcell, picocell and femtocell require high installation cost which is expected to hinder growth of the market during the forecast period.

Due to the Covid-19 pandemic, several industries have witnessed a significant shift in their business. Several countries are under lockdown and people are staying at home and following social distancing to contain the spread of the coronavirus. Due to the rising demand for connectivity, dependence on a wireless network has also increased. The speed of mobile data and broadband has also been hampered due to the increased pressure on networks. For instance, in May 2020, the Cellular Operators Association of India (COAI) asked the government to request streaming service providers such as Amazon Prime Video, Netflix, and Zee5 to reduce advertisements and pop-ups to reduce the strain on networks. Thus, the increasing demand from individual consumers is expected to drive the growth of the microcell basestation construction market.

Furthermore, the manufacturing of IT hardware has been impacted due to disruptions in the supply chain, which has led to increased cost and lesser availability of hardware in the market. For instance, according to the Indian Cellular and Electronics Association (ICEA), manufacturers of IT hardware incurred losses worth US$ 1,983 million due to the suspension of hardware production.