Press release
5G Fixed Wireless Access: Market Insights and Forecast 2024
5G Fixed Wireless Access
The 5g fixed wireless access market size is expected to see exponential growth in the next few years. It will grow to $42.25 billion in 2028 at a compound annual growth rate (CAGR) of 40.6%. The growth in the forecast period can be attributed to increasing smart homes, government initiatives, growth in number of iot devices, increasing availability of mobile devices, increasing internet penetration. Major trends in the forecast period include new product innovations, software- as-a-service, new technological advancements, developing 5g radio technology, and partnerships and collaborations..
Market Overview -
The 5G fixed wireless access is fixed wireless access (FWA) that enables network providers to provide ultra-high-speed connectivity to suburban and rural areas, serving home and business installations where laying and maintaining fiber is prohibitively costly.
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Increasing Adoption Of 5G Networks Fuels Expansion Of The 5G Fixed Wireless Access Market
The increasing adoption of 5G networks is expected to fuel the growth of the 5G fixed wireless access market in the coming years. 5G is the fifth generation of mobile data technology designed to significantly improve wireless network speed and flexibility. With the introduction of 5G, mobile technology can meet the demands of fixed-line networks and price ranges. According to Future Networks, a UK-based telecommunications company 5G will account for 1.2 billion connections by the end of 2025. Moreover, according to vXchnge, a US-based company that offers data centers and colocation services, 5G networks will cover 40% of the world and handle 25% of all mobile traffic data by 2024. Therefore, the increasing adoption of 5G networks drives the growth of 5G fixed wireless access.
Competitive Landscape -
Major companies operating in the 5g fixed wireless access market report are Telefonaktiebolaget LM Ericsson, Nokia Corporation, Qualcomm Technologies, Samsung Electronics, Intel Corporation, Cisco Systems, Inc, Huawei Technologies, Siklu Communication Ltd., Mimosa Networks Inc, Cablefree, Singtel Optus Pty. Ltd, Bharti Airtel, Rakuten Mobile, Zte Corporation, Deutsche Telekom Ag, Swisscom Ag, Telefónica,Sa, Orange Sa, Vodafone Uk, Veon Ltd, Hrvatski Telekom (T-Hrvatski Telekom), Megafon, Inseego, Verizon Communications Inc, Commscope, Cohere Technologies Inc, United States Cellular Corporation, C Spire, Telefonica Brasil, Telecom Argentina, T-Mobile, América Móvil, Ooredoo Group, Etisalat Uae, 21st Century Technologies Ltd, Dreamlabs Nigeria Ltd, Excelsimo Networks Ltd, Galaxy Backbone Plc, Ipnx Nigeria Ltd, Liquid Intelligent Technologies, Mainone, Medallion Communications Inc, Mtn Group, Rack Centre Ltd.
Qualcomm Launches Next-Gen 5G Fixed Wireless Access Platform With Enhanced Features And Capabilities
Companies in the 5G fixed wireless access market are focused on product innovations and developing new product solutions to strengthen their position in the market. For instance, in February 2022, Qualcomm Technologies, Inc., an American multinational corporation that designs and manufactures digital wireless telecommunication products and services, launched the Qualcomm 5G Fixed Wireless Access Platform Gen 2 with additional enhanced features and capabilities. Improvements planned include the brand-new Qualcomm 5G RF Sensing Suite as well as support for standalone 5G mmWave communication. The following two new essential functions will promote the use of FWA and its deployment while highlighting Qualcomm Technologies' continued leadership in the industry's widespread adoption of 5G mmWave.
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Key Segments -
The 5g fixed wireless access market covered in this report is segmented -
1) By Offering: Hardware, Services
2) By Demography: Urban, Semi-Urban, Rural
3) By End-User: Residential, Commercial, Industrial, Government
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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