Press release
Fixed-Mobile Convergence Market Share (CAGR of 12.16%) | Cisco, Ericsson AB, Nokia, Huawei Technologies, ZTE Corporation, Brunswick Corporation
Fixed-Mobile Convergence (FMC) is a transformative trend in the telecommunications industry that aims to eliminate the distinctions between fixed and mobile networks, providing a seamless experience to customers by creating integrated services using a combination of fixed broadband and local access wireless technologies. This integration allows for the optimization of data, voice, and video communications to and among end users, irrespective of their locations or devices.
The ultimate goal of FMC is to enable a single device to connect through and be switched between wired and wireless networks, thus reversing the trend towards fixed-mobile substitution (FMS), where consumers and businesses increasingly substitute cellular telephones for hard-wired or cordless landline sets. FMC represents the integration of fixed and mobile communications networks, services, and applications, enabling converged voice, data, and multimedia services over a single network infrastructure, whether cellular or Wi-Fi, creating a more seamless experience for users who can move freely between different types of networks without disruption.
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Definition and Scope:
Fixed-Mobile Convergence (FMC) is a transformative trend in the telecommunications industry that aims to eliminate the distinctions between fixed and mobile networks, providing a seamless experience to customers by creating integrated services using a combination of fixed broadband and local access wireless technologies to meet their needs in homes, offices, other buildings, and on the go.
The Fixed-Mobile Convergence market industry is projected to grow from USD 3.9256 Billion in 2023 to USD 9.83127 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.16% during the forecast period (2023 - 2032).
Top Key Players:
Cisco (US)
Ericsson AB (Sweden)
Nokia (Finland)
Huawei Technologies Co.Ltd (China)
ZTE Corporation (China)
Brunswick Corporation
Market Overview:
The FMC market is characterized by a trend towards seamless connectivity between fixed and wireless telecommunications networks, aiming to reverse the trend towards fixed-mobile substitution (FMS).
The market is witnessing a shift towards mobile unified communications, which is becoming an increasingly important strategy for businesses of all types and sizes.
The global FMC market is the subject of extensive examination, with a focus on economic and non-economic factors influencing its development.
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Market Analysis:
The latest research report provides a comprehensive overview of the FMC industry, familiarizing readers with the latest market trends, challenges, opportunities, industry information, and market share.
Integrated infrastructure, mobile competition, and operator pricing strategies are identified as key factors affecting growth in the number of fixed-mobile convergence (FMC) accounts in various regions.
Market Strategy:
With competition in the telecommunications market growing rapidly, network operators and service providers are reforming their marketing and service delivery strategies to remain competitive in the broadband service market. A convergence strategy for fixed and mobile services via a standards-based IN platform may provide a step in the right direction.
In conclusion, the Fixed-Mobile Convergence market is a dynamic and evolving sector within the telecommunications industry, with a focus on seamless integration of fixed and mobile networks to provide enhanced services to customers and businesses.
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Market Demand:
The demand for Fixed-Mobile Convergence (FMC) solutions and services is being driven by several key factors:
Integrated Services Demand: Customers have growing expectations for integrated services, including Virtual Private Networks (VPN), voice mail, unified messaging, conferencing, and streaming media, available anytime and anywhere. This increasing demand for integrated services is a key driver for the growth of Fixed-Mobile Convergence solutions and services.
Advancements in Mobile Communication Technologies: Due to advancements in mobile communication technologies and the growth in mobile subscribers, the demand for fixed mobile convergence continues to grow.
Operational Cost Optimization: Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Fixed-Mobile Convergence industry to benefit clients and increase the market sector.
Seamless Transition in Calls: The demand for a seamless transition in calls is estimated to push the market expansion in the coming period, indicating a strong demand for FMC solutions.
Industry Collaboration: With structural barriers coming down, telcos and cable companies will offer more products bundling fixed and mobile services, indicating a trend towards increased collaboration within the industry, which is likely to drive demand.
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