Press release
Global Mobile And Wireless Backhaul Market Projected to Surpass $57.07 Billion by 2029 with 0.165003285368842% Annual Growth
Mobile And Wireless Backhaul Market
The rising number of mobile subscribers is a major trend making waves in the mobile and wireless backhaul markets. This is fueled by the proliferation of smartphones and enhanced connectivity, leading to a surge in global mobile internet users. Better global internet connectivity has led to a significant rise in mobile data traffic. Therefore, the need for network bandwidth has skyrocketed as mobile data traffic becomes increasingly significant. To cope with this high-capacity demand and deliver top-notch services, mobile carriers have to upgrade their data transmission techniques. For example, in 2022, the Canadian Radio-television and Telecommunications Commission (CRTC), a government agency based in Canada, reported that the total revenue in the Canadian telecommunications sector grew by 3.5%, reflecting the 3.4% growth seen in the previous year. Retail telecommunication service revenues saw a 3.4% increase, amounting to $53.1 billion. This rise was largely spurred by a near $1.7 billion hike in mobile revenues, which continued to assert dominance in the sector, making up 55.5% of the total revenues. Consequently, the growing number of mobile subscribers is stimulating growth in the mobile and wireless backhaul markets.
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What is the future CAGR of the mobile and wireless backhaul market, and how will it impact industry expansion?
The market size for mobile and wireless backhaul has seen a rapid expansion in the past few years. The market, which is projected to increase from a value of $27.72 billion in 2024 to $30.98 billion in 2025, boasts a compound annual growth rate (CAGR) of 11.7%. The market's significant growth during the historical period can be linked to factors such as the surge in mobile device usage, the advent of 3g and 4g technologies, a rise in mobile data traffic, upgrades of backhaul networks, and the establishment of small cells.
The market size of mobile and wireless backhaul is predicted to experience significant expansion in the coming years. It is projected to increase to a value of $57.06 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 16.5%. Several factors can be attributed to this projected growth during the forecast period, including the rollout of the 5g network, the expansion of mobile broadband services, a surge in demand for low latency, and the consolidation with edge computing alongside the implementation of high-capacity microwave links. Key trends during the forecasted period are expected to include fiber-based backhaul solutions, network slicing for personalised services, the transition towards virtualised and software-defined backhaul, the application of millimeter wave technology in 5g backhaul, and a focus on using energy efficiently in backhaul networks.
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What are the most significant trends transforming the mobile and wireless backhaul market today?
Major corporations in the mobile and wireless backhaul market are innovating new solutions like 128TR antenna arrays to satisfy the changing requirements of the telecommunication sector. These solutions are designed to handle a range of scenarios such as traffic points, wireless backhaul sites, and fixed wireless access. For instance, ZTE Corporation, a tech company based in China, introduced a 128TR antenna array and other novel products in February 2023 to boost capacity, provide mmWave solutions for various scenarios, and offer multi-band backhaul to improve reliability and distance. Key products include the 12TR tri-sector Ultra Broadband Radio (UBR) for efficient 5G site solutions, sequential high-power UBR products for RAN sharing, and the 5G UniSite solution to assist operators in building a streamlined, efficient, and cooperative 5G network.
Which key market segments comprise the mobile and wireless backhaul market and drive its revenue growth?
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
Subsegments:
1) By Equipment: Routers, Switches, Microwave Equipment, Fiber Optic Equipment, Ethernet Equipment
2) By Services: Installation Services, Maintenance And Support Services, Consulting Services, Managed Services
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What regions are at the forefront of mobile and wireless backhaul market expansion?
North America was the largest region in the mobile and wireless backhaul market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile and wireless backhaul market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the mobile and wireless backhaul market?
Major companies operating in the mobile and wireless backhaul market include ZTE Corporation, Huawei Technologies Co. Ltd., 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., 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.
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What Is Covered In The Mobile And Wireless Backhaul Global Market Report?
•Market Size Forecast: Examine the mobile and wireless backhaul market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile and wireless backhaul market for a structured understanding.
•Key Players Overview: Analyze major players in the mobile and wireless backhaul market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile and wireless backhaul market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile and wireless backhaul market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile and wireless backhaul market.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile and wireless backhaul market.
•Competitive Landscape: Review strategic developments in the mobile and wireless backhaul market, including expansions, agreements, and new product launches.
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