Press release
Mobile And Wireless Backhaul Global Market Expected to Witness $48.41 Billion with Impressive Growth at a 14.3% CAGR By 2028 | ZTE Corporation, CCMI Inc., Vubiq Networks Inc., Broadcom Inc., Cisco Systems Inc.
Mobile And Wireless Backhaul Global Market
The Business Research Company offers in-depth market insights through Mobile And Wireless Backhaul Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The mobile and wireless backhaul market size has grown rapidly in recent years. It will grow from $25.09 billion in 2023 to $28.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to proliferation of mobile devices, rise of 3g and 4g technologies, increased mobile data traffic, backhaul network upgrades, deployment of small cells.
The mobile and wireless backhaul market size is expected to see rapid growth in the next few years. It will grow to $48.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to 5g network rollout, expansion of mobile broadband services, growing demand for low latency, integration with edge computing, deployment of high-capacity microwave links. Major trends in the forecast period include fiber-based backhaul solutions, network slicing for customized services, transition to virtualized and software-defined backhaul, use of millimeter wave technology in 5g backhaul, focus on energy efficiency in backhaul networks.
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Market Segmentation:
The mobile and wireless backhaul market covered in this report is segmented -
1) By Component: Equipment, Services
2) By Network Technology: 3G And 2G, 4G, 5G
3) By Application: Financial Services, Medical, Retail, Media, Government, Communication, Public Utilities, Other Applications
Major Driver - Rapid Growth In Mobile Subscriber Count Fuels Expansion Of Mobile And Wireless Backhaul Markets
Growth in mobile subscriber count is the key trend gaining popularity in the mobile and wireless backhaul markets. Due to increased smartphone adoption and improved connectivity, there is an increasing number of people using the mobile internet globally. Global internet connectivity has improved, which has increased mobile data traffic. The demand for network bandwidth has greatly increased as mobile data traffic has gained traction. Mobile carriers must update their data transmission methods in order to meet this demand for high capacity and provide excellent services. For instance, in 2022, according to the Ericsson Mobility Report published by Telefonaktiebolaget LM Ericsson, a Sweden-based multinational networking and telecommunications company, By the conclusion of the forecast period, there are expected to be 6.7 billion unique mobile customers, up from 6.1 billion at the end of 2021. Smartphone-related subscriptions are still increasing. There would be 6.3 billion by the end of 2021, accounting for nearly 77% of all mobile phone subscriptions. This is expected to rise to 7.8 billion by 2027, accounting for 87 percent of all mobile subscribers. Hence, the increase in the mobile subscriber count is driving the growth of the mobile and wireless backhaul markets.
Competitive Landscape:
Major companies operating in the mobile and wireless backhaul market report are ZTE Corporation, Huawei Technologies Co. Ltd., Tellabs Broadband LLC, Broadcom Inc., Cisco Systems Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Ceragon Networks Ltd., DragonWave-X Limited, Aviat Networks Inc., Intracom Telecom Holdings S. A., Siklu Communication Ltd., SIAE MICROELETTRONICA S. p. A., BridgeWave Communications Inc., Trango Systems Inc., Anritsu Corporation, Cambium Networks Corporation, NEC Corporation of America, SOLiD Technologies Inc., Cambridge Broadband Networks Group Limited, Blu Wireless Technology Ltd., Fastback Networks Inc., Quintron Systems Inc., Proxim Wireless Corporation, Avanti Communications Group plc, Vubiq Networks Inc., CCMI Inc.
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Top Trend - New Ai Platform To Address The Evolving Needs Of The Telecommunications Industry
Major companies operating in the mobile and wireless backhaul market are developing new solutions such as 128TR antenna arrays to address the evolving needs of the telecommunications industry. These solutions cater to various scenarios, including traffic hotspots, site wireless backhaul, and fixed wireless access. For instance, in February 2023, ZTE Corporation, a China-based technology company, launched a 128TR antenna array and other innovative products for increased capacity, mmWave solutions for various scenarios, and multi-band backhaul options to enhance reliability and distance. Notable offerings include the 12TR tri-sector Ultra Broadband Radio (UBR) for streamlined 5G site solutions, serial high-power UBR products for RAN sharing, 5G UniSite solution for helping operators build a simplified, efficient, and collaborative 5G network.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile And Wireless Backhaul Market Characteristics
3. Mobile And Wireless Backhaul Market Trends And Strategies
4. Mobile And Wireless Backhaul Market - Macro Economic Scenario
5. Mobile And Wireless Backhaul Market Size And Growth
…..
27. Mobile And Wireless Backhaul Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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