Press release
Wireless and Mobile Backhaul Equipment Market Size, Share And Future Trends 2024-2033
Wireless and Mobile Backhaul Equipment Market
The Business Research Company presents an extensive market research report on the Wireless and Mobile Backhaul Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The wireless and mobile backhaul equipment market size has grown rapidly in recent years. It will grow from $69.03 billion in 2023 to $77.15 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increased bandwidth demands, regulatory factors, fiber-based backhaul adoption, evolution to lte networks, demand for low latency.
The wireless and mobile backhaul equipment market size is expected to see rapid growth in the next few years. It will grow to $126.01 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to small cell proliferation, optimization of wireless spectrum, market penetration in emerging regions, security enhancement, support for remote workforce. Major trends in the forecast period include 5g network expansion, increased mobile data traffic, advancements in fiber-based backhaul, edge computing requirements, cloud services demand.
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Key Market Players:
Major companies operating in the wireless and mobile backhaul equipment market report are Cisco Systems Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation, ADC Telecommunications Inc., Alvarion Technologies, ANDA Networks Inc., Celtro Communication Ltd., Alcatel-Lucent SA, Fujitsu Limited, BridgeWave Communications Inc., ECI Telecom Ltd., MRV Communications Inc., SkyFiber Networks, Telco Systems, OneAccess Networks SA, Omnitron Systems Technology Inc., NEC Corporation, Aviat Networks Inc., Siae Microelettronica SPA, Proxim Wireless Corporation, Intracom Telecom SA, Redline Services LLC, CommScope Holding Company Inc., Juniper Networks Inc., DragonWave-X Inc., Radwin Ltd., Siklu Communication Ltd., Tarana Wireless Inc., Cambium Networks Ltd., Ceragon Networks Ltd., Fastback Networks Inc., Blu Wireless Technology Ltd., E-Band Communications LLC, LightPointe Communications Inc., Anova Technologies Co. Ltd., AOptix Technologies Inc.
Market Drivers:
The increasing adoption rate of 5G networks is expected to propel the growth of the wireless and mobile backhaul equipment market going forward. 5G refers to the fifth generation of wireless technology for broadband cellular networks with high speed and reduced latency. Increasing adoption of 5G networks is growing mobile data traffic and generating a large volume of data, thereby creating demand for fast and reliable connectivity. This demand is creating a prospect for mobile and wireless backhaul vendors to enhance their offerings. For instance, according to a Sweden-based telecommunications company, Ericsson's latest Mobility Report, in 2022, the number of global 5G subscriptions is expected to surpass the one-billion mark. Therefore, the increasing adoption rate of 5G networks is driving the growth of the wireless and mobile backhaul equipment market.
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The wireless and mobile backhaul equipment market covered in this report is segmented -
1) By Equipment: Microwave Equipment, Sub-6 Ghz Equipment, Millimeter Equipment, Test And Measurement Equipment
2) By Topology: Point To Point (PTP) Configurations, Point To Multipoint (PTM) Configurations
3) By Services: Network Services, Professional Services, System Integration Services
4) By Applications: Building-To-Building Connectivity, Cellular Backhaul, Broadband Connectivity Backhaul, Video Surveillance Backhaul, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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