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Wireless and Mobile Backhaul Equipment Market Report 2024 - Wireless and Mobile Backhaul Equipment Market Size, Demand, And Opportunities
Wireless and Mobile Backhaul Equipment Market
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According to The Business Research Company's, 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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Market Drivers and Trends:
The increasing adoption of the Internet of Things (IoT) is expected to propel the growth of the wireless and mobile backhaul equipment market going forward. The Internet of Things (IoT) is a network of physical objects that are embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the Internet. Wireless and mobile backhaul equipment serves a crucial role in IoT devices by providing the necessary connectivity infrastructure, enabling seamless communication between IoT devices, and facilitating the transfer of data to and from the cloud. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, the global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the increasing adoption of the Internet of Things (IoT) drives the wireless and mobile backhaul equipment market.
Technological advancement is the key trend gaining popularity in the wireless and mobile backhaul equipment market. Major companies operating in the market are developing new technologies such as the MultiHaul TG series of products that uses point-to-point (PtP) connectivity for physical security and smart city applications that works on gigabit wireless technology. For instance, in March 2022, Siklu, an Israel -based gigabit wireless backhaul solutions company introduced the MultiHaul™ TG series of products that offer multi-gigabit capacity, immunity to interference, and a large spectrum for easy deployment of solutions with mesh topology for physical security and smart city applications. The MultiHaulTM TG family of products combines L2 SDN mesh.
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Major Key Players of the Market:
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.
Wireless and Mobile Backhaul Equipment Market 2024 Key Insights:
• 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%.
• 5G Adoption Accelerates Driving Growth In The Wireless And Mobile Backhaul Equipment Market
• Advancements In Wireless And Mobile Backhaul Equipment With A Focus On Gigabit Technology And Smart City Applications
• North America was the largest region in the wireless and mobile backhaul equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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