Global 5G Fixed Wireless Access Market (FWA) by Offering (Hardware, and Services), by Demography (Urban, Semi-Urban and Rural), by Application (Residential, Commercial, Industrial, Government and Others), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) – is expected to reach US$ 91,633.88 Mn by 2027, at a CAGR of 97.49%.
Fixed Wireless Access (FWA) is an established means of providing internet access to homes by wireless mobile system technology rather than fixed lines. 5G FWA recalls the key benefit of present FWA offerings in that it allows the establishment of quick and cheap broadband service, even in areas that don’t have equipped access to fixed line home broadband.
Increasing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption, growing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) and increasing use of millimeter-wave technology in 5G FWA are the factors behind the growth of the global 5G fixed wireless access market (FWA). Delay in making decisions related to standardization of spectrum allocation, the high cost of infrastructure and the adverse impact of millimeter-wave technology on the environment are the factors restraining the growth of the market.
The key factors challenges to the progress of the global 5G fixed wireless access market (FWA) are power dissipation in Mimo, compatibility matters among traditional and 5g networks, inter-cell interfering and short wavelengths of millimeter waves. Rising demand for 5G FWA networks from varied industries, remarkable progress in telecommunications and networking technologies, escalating demand for IoT and cloud-based services and increasing focus on the development of 5G network are generating many opportunities in the global 5G fixed wireless access market.
Service offering holds the largest market share
The offering segment is expected to grow rapidly during the forecast period owing to improve network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Further, increasing adoption of connected devices, like smartphones, laptops, smart devices, in several commercial and residential applications, such as distance learning, autonomous driving, multi-user gaming, video conferencing, live streaming, telemedicine, and augmented reality is anticipated to generate the demand for 5G FWA services to achieve protracted coverage.
North America is projected to dominate the market
North America is predicted to hold the largest share of the global 5G fixed wireless access market during the forecast period owing to the full-fledged 5G occupation in North America. Also increasing on-demand services and the existence of many companies in this region are driving the growth of this market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Nokia, Huawei, Ericsson, Mimosa Networks, Inc., Cohere Technologies, Inc., Siklu Communication, AT&T INC., Verizon Communications Inc., Cisco, Arqiva, Cellular South, Inc., Orange S.A., United States Cellular Corporation, Telus Corporation, Telefónica S.A., Mobile Telephone Networks, Swisscom and Hrvatski Telekom.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the 5G fixed wireless access market (FWA). Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the 5G fixed wireless access market (FWA). The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain 5G fixed wireless access market (FWA) positioning of competitors.
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