Research Nester released a report titled “5G Fixed Wireless Access (FWA) Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global 5G Fixed Wireless Access (FWA) market in terms of market segmentation by therapy type, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The 5G Fixed Wireless Access (FWA) market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the increasing the adoption of advanced technologies such as machine-to-machine (M2M) and Internet of Things (IoT) and increase in internet penetration is expected to drive the growth of the 5G fixed wireless access market.
According to the data collected from International Telecommunication Union, in 2017, the estimated percentage of individuals using the internet was 48.9% globally.
The market is segmented based on offering into hardware and services out of which, the services segment is anticipated to grab the largest share by the end of 2021 on account enhanced network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Also, higher implementation of connected devices, such as smartphones, laptops, smart devices, in several commercial and residential applications is also boosting up the growth of the market.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the 5G Fixed Wireless Access (FWA) market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of advanced IT infrastructure, a high concentration of market players in the region, and availability of proficient technical expertise.
Increasing Need for High Speed Internet and Adoption of Advanced Technologies to Drive the Market Growth to Drive the Market Growth
As per the analysis of Global System for Mobile Communications, 23% which is almost a quarter of total mobile connections will be running on 5G networks by 2025.
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5G network technology is capable of offering sufficient bandwidth to support increasing data traffic. It offers 10 to 100 times more capacity and high-speed data services than that provided by 3G and 4G networks. Therefore, the increasing demand for high-speed broadband services is expected to drive the growth of the 5G fixed wireless access market in near future.
The evolution of 5G is projected to take fixed wireless access to a new level using a wide range of radio spectrum. This is expected to enable consumers to achieve major capacity gains and low-latency connectivity. Thus, 5G fixed wireless access is anticipated to enhance the performance capabilities of networks and offer high-speed network coverage than existing connectivity networks.
This report also provides the existing competitive scenario of some of the key players of the global 5G Fixed Wireless Access (FWA) market which includes company profiling of AT&T Inc. (NYSE: T), Ericsson (STO: ERIC-B), Hrvatski Telekom (Croatia), Huawei (China), Mimosa Networks, Inc. (U.S), Mobile Telephone Networks (MTN) (JSE: MTN), Nokia (HEL: NOKIA), Orange S.A. (EPA: ORA), Qualcomm Technologies (NASDAQ: QCOM), Samsung Electronics (KRX: 005930).
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 5G Fixed Wireless Access (FWA) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.