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5G Fixed Wireless Access Global Market Report 2024 To 2033 | Telefonaktiebolaget LM Ericsson, Nokia Corporation, Qualcomm Technologies, Samsung Electronics, Intel Corporation
5G Fixed Wireless Access Market Share
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According to The Business Research Company's, The 5g fixed wireless access market size has grown exponentially in recent years. It will grow from $5.76 billion in 2023 to $10.8 billion in 2024 at a compound annual growth rate (CAGR) of 87.5%. The growth in the historic period can be attributed to increasing adoption of 5g networks, increasing number of internet users, increasing wireless technology and strong economic growth in emerging markets.
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..
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Market Drivers and Trends:
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.
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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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Philips, Omron Corporation, Beurer, A&D Company, Withings, iHealth, ChroniSense Medical, Qardio, American Diagnostic Corporation, Koogeek, Transtek, AOEOM, GOQii, Samsung Group, Pebble, ten3T Healthcare, H2CARE, Living Care India, Riversong Technology Pvt. Ltd., MevoFit, OPTA, Transtek, Infineon Technologies AG, Lifesource, BPM connect, iProven, Care Touch, Blipcare, GE Healthcare, ForaCare Suisse, Xiaomi, Medaval, Smiths Group, Tarilian Laser Technologies, Aktiia, SunTech Medical Inc.
5G Fixed Wireless Access Market 2024 Key Insights:
• 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%.
• Increasing Adoption Of 5G Networks Fuels Expansion Of The 5G Fixed Wireless Access Market
• Qualcomm Launches Next-Gen 5G Fixed Wireless Access Platform With Enhanced Features And Capabilities
• North America was the largest region in the 5G fixed wireless access 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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Learn More About The Business Research Company
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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