The global demand for more digital data motivates the evolution of mobile communication systems from 2G and 3G to 4G and 5G to support high data rate applications. The International Mobile Telecommuication-2020 (IMT-2020) defined the minimum technical performance requirements and guidelines for evaluating the 5G mobile cellular system. The New Radio (NR) millimeter wave (mmWave) and massive Multiple Input Multiple Output (mMIMO) antenna systems are technologies used in the 5G cellular system. Therefore, this paper studies the performance of the mmWave system combined with the mMIMO antenna system using the IMT-2020 channel model in a dense urban microenvironment, considering different frequency bands and numbers of elements at the Base Station (BS) antenna array. The performance is evaluated through system-level simulation in terms of Signal power to Noise power Ratio (SNR), Spectral Efficiency (SE), and cell edge user SE. A cell size reduction technique is proposed to meet the target requirements set by IMT-2020. Simulation results showed that the sub. 6 GHz frequency bands achieve the target SE of IMT-2020, while in the mmWave frequency range, the target SE requirement can be achieved using a high number of antenna elements at the BS antenna for some frequency bands.