Press release
Global 5G Fixed Wireless Access Market to Reach $45.96 Billion by 2029, Growing at 23.4% CAGR
5G Fixed Wireless Access
Growth in the 5G fixed wireless access market is projected to be driven by the rising usage of 5G networks in the future. Designed to significantly bolster the speed and flexibility of wireless networks, 5G represents the latest stage in mobile data technology's evolution. Not only does it answer the requirements of fixed-line networks and pricing tiers but it's also expected by the UK's Future Networks to constitute 1.2 billion connections by the close of 2025. Similarly, vXchnge, a US firm providing data centre and co-location services, predicts that 40% of the globe will be under the coverage of 5G networks and 25% of all mobile data traffic will be processed by them by 2024. As such, the growth of 5G fixed wireless access can be attributed to increasing 5G network adoption.
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What is the projected compound annual growth rate (CAGR) of the 5g fixed wireless access market from 2025 to 2034, and what factors influence it?
In recent years, there has been a significant expansion in the size of the 5G fixed wireless access market. Its growth is projected to surge from $10.66 billion in 2024 to a staggering $19.85 billion in 2025, representing a compound annual growth rate (CAGR) of 86.3%. Factors such as the rising acceptance of 5G networks, the escalating number of Internet users, the surge in wireless technology applications, and robust economic progress in developing markets are accountable for the growth witnessed during the historical period.
Expectations for the 5G fixed wireless access market foresee a significant expansion in the coming years, soaring to $45.96 billion by 2029 with a compounded annual growth rate (CAGR) of 23.4%. Factors such as the proliferation of smart homes, government efforts, increased usage of IoT devices, more accessibility to mobile tools, and greater Internet connectivity contribute to the growth projected during the forecast period. The major emerging trends that are expected to shape the forecast period are product innovation, the adoption of software-as-a-service, technological advancements, the introduction of 5G radio technology, and increased industry partnerships and collaborations.
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How are the latest trends influencing the growth of the 5g fixed wireless access market?
Firms within the 5G fixed wireless access market are zeroing in on innovative products and fresh solutions in an attempt to fortify their standing. For example, Qualcomm Technologies, Inc., a U.S.-based multinational that specializes in the creation and production of digital wireless telecommunication goods and services, unveiled its Qualcomm 5G Fixed Wireless Access Platform Gen 2 in February 2022. This platform contains enhanced features. These upgrades will incorporate the brand-new Qualcomm 5G RF Sensing Suite as well as standalone 5G mmWave communication support. These two new essential functions are expected to boost the application of FWA and its implementation while reemphasizing Qualcomm Technologies' ongoing domination in the broad-scale adoption of 5G mmWave in the industry.
What are the major segments of the 5g fixed wireless access market and their role in driving growth?
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
Subsegments:
1) By Hardware: 5G Routers, Antennas and Modems, Network Interface Cards (NICs), CPE (Customer Premises Equipment) Devices
2) By Services: Installation Services, Network Management Services, Maintenance and Support Services, Consulting and Planning Services
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Which regions are key players in the growth of the 5g fixed wireless access market?
North America was the largest region in the 5G fixed wireless access market in 2024. Europe was the second largest market in the 5G fixed wireless access market. The regions covered in the 5g fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the 5g fixed wireless access market?
Major companies operating in the 5G fixed wireless access market include 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.
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What Is Covered In The 5G Fixed Wireless Access Global Market Report?
•Market Size Forecast: Examine the 5g fixed wireless access market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the 5g fixed wireless access market for a structured understanding.
•Key Players Overview: Analyze major players in the 5g fixed wireless access market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 5g fixed wireless access market.
•Segment Contributions: Evaluate how different segments drive overall growth in the 5g fixed wireless access market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 5g fixed wireless access market.
•Industry Challenges: Identify potential risks and obstacles affecting the 5g fixed wireless access market.
•Competitive Landscape: Review strategic developments in the 5g fixed wireless access market, including expansions, agreements, and new product launches.
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