PUBLISHER: The Business Research Company | PRODUCT CODE: 1429701
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429701
5G fixed wireless access (FWA) provides ultra-high-speed connectivity to suburban and rural areas, enabling network providers to serve homes and businesses where laying fiber is costly.
These systems primarily consist of hardware and services. Hardware includes devices equipped with MIMO antenna technology for mmWave frequencies, 5G small cell networks, and RAN towers. Deployment covers urban, semi-urban, and rural areas, catering to residential, commercial, industrial, and government sectors.
The 5G fixed wireless access market research report is one of a series of new reports from The Business Research Company that provides 5G fixed wireless access market statistics, including 5G fixed wireless access industry global market size, regional shares, competitors with a 5G fixed wireless access market share, detailed 5G fixed wireless access market segments, market trends and opportunities, and any further data you may need to thrive in the 5G fixed wireless access industry. This 5G fixed wireless access market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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%. Historical growth can be attributed to several factors, including the increased adoption of 5G networks, a growing number of internet users, advancements in wireless technology, and robust 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%. Forecasted growth is driven by various factors such as the rise in smart homes, government initiatives, the increasing number of IoT devices, wider availability of mobile devices, and expanding internet penetration. Key trends in this period encompass new product innovations, software-as-a-service models, technological advancements, the development of 5G radio technology, and increased partnerships and collaborations.
The anticipated surge in the adoption of 5G networks is poised to propel the expansion of the 5G fixed wireless access market in the forthcoming years. Recognized as the fifth generation of mobile data technology, 5G is strategically designed to markedly enhance wireless network speed and flexibility. This transformative technology enables mobile networks to effectively meet the requirements of fixed-line networks while accommodating diverse price ranges. Future Networks, a UK-based telecommunications company, projects that 5G connections will reach 1.2 billion by the conclusion of 2025. Additionally, vXchnge, a US-based company specializing in data centers and colocation services, forecasts that 5G networks will encompass 40% of the global landscape and manage 25% of total mobile traffic data by 2024. The escalating adoption of 5G networks stands as a key driver fueling the growth of 5G fixed wireless access.
The escalating proliferation of the internet is anticipated to bolster the advancement of the 5G fixed wireless access market in the foreseeable future. Internet penetration, denoting the percentage of a country's population with internet access, serves as a pivotal factor influencing the successful deployment and adoption of 5G FWA. A higher level of internet penetration creates a conducive environment for the growth of 5G FWA, contributing to the establishment of a more interconnected and digitally advanced society. A report by the International Telecommunication Union (ITU), a Switzerland-based specialized UN agency, revealed that in November 2021, the global number of internet users surged by 782 million, representing 63% of the global population-an increase compared to the previous year. The heightened penetration of the internet emerges as a significant catalyst propelling the expansion of the 5G fixed wireless access market.
Companies are strategically concentrating on product innovations and the development of novel solutions to fortify their market positions in the dynamic landscape of the 5G fixed wireless access market. A case in point is Qualcomm Technologies, Inc., an American multinational corporation specializing in the design and manufacture of digital wireless telecommunication products and services. In February 2022, Qualcomm Technologies introduced the Qualcomm 5G Fixed Wireless Access Platform Gen 2, featuring enhanced capabilities and features. This includes the innovative Qualcomm 5G RF Sensing Suite and support for standalone 5G mmWave communication. These advancements, including two critical functions, are poised to boost the adoption and deployment of Fixed Wireless Access (FWA), underscoring Qualcomm Technologies' ongoing leadership in the widespread integration of 5G mmWave technology.
Companies are actively integrating cutting-edge technologies into their product portfolios, with a specific focus on artificial intelligence (AI) and machine learning (ML). Machine learning, in particular, plays a pivotal role in assisting wireless operators in the deployment, operation, and management of 5G networks, particularly in the context of the expanding Internet of Things (IoT) ecosystem. Concurrently, AI is being leveraged to enhance customer service and elevate the overall customer experience. As an illustration, in February 2022, Nokia, a telecommunications company based in Finland, unveiled its Intelligent RAN Operations solution. This innovative solution, driven by machine learning, is tailored to manage the growing complexity of 5G networks. By enabling mobile operators to optimize 5G network quality, efficiency, and subscriber experience, while concurrently reducing operational costs, energy consumption, and CO2 emissions, Nokia's solution aligns with the company's commitment to sustainability and the fight against climate change.
In October 2022, Curvalux UK Ltd., a UK-based wireless broadband technology firm, merged with Cambridge Broadband Networks Group (CBNG) for an undisclosed sum. The merger's objective is to revolutionize the wireless market by introducing sustainable technologies that offer fast, dependable, and cost-effective connectivity, particularly catering to the high-speed Fixed Wireless Access (FWA) demand. CBNG, based in the UK, specializes in telecommunications.
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, Telefonica,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, America Movil, 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.
North America was the largest region in the 5G fixed wireless access market in 2023. 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.
The countries covered in the 5g fixed wireless access market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The 5G fixed wireless access market includes revenues earned by entities by providing hardware and software solutions that enable telecom providers to offer broadband internet services in locations without fixed or fiber internet cables. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
5G Fixed Wireless Access Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 5g fixed wireless access market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 5g fixed wireless access? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 5g fixed wireless access market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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