The global 5G fixed wireless access market size is expected to reach over USD 47.3 billion by 2026 and projected to grow at CAGR of 98.9% during the forecast period 2019 to 2026.
The global 5G fixed wireless access market is expecting a sound growth in the market. Some of the major factors driving the growth of the 5G fixed wireless access market are increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT), need for the better broad network coverage with reduced latency and power consumption and rising demand for high-speed internet connectivity. During last few years, there is a significant increase in the advancement in the technology. Continuously development in the telecommunication sector and rising need for the better network in rural area in developing countries have supported the growth of the global 5G fixed wireless access market. On the other hand, high cost of infrastructure, limited penetration of the technology in developing economy and high cost of the network may slow the growth of the market.
Increasing spending on the military technology and continuous development in the technology has supported the growth of the 5G Fixed Wireless Access technology devices. A number of companies are present in the market which has led to increase the competition in the market. Increasing competition has also synergized the introduction of the advanced technology to the market which has supported the growth of the market.
In April 2018, Siklu Inc. one of the major market player launched SmartHaul Wireless Network Design Engine (WiNDE) which increases the time to deployment by automating complex mmWave network designs. Moreover, In 2018, Mimosa Networks one of the telecom and network company introduced the B24 wireless backhaul solution in the unlicensed 24 GHz band.
The market research study on “5G Fixed Wireless Access Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global 5G Fixed Wireless Access market. The report also analyzes the key players operating in 5G Fixed Wireless Access market and identifies the key strategies deployed by them along with the market share of leading players.
The global 5G Fixed Wireless Access market is segmented as below:
5G Fixed Wireless Access Market by Offering
5G Fixed Wireless Access Market by Demography
5G Fixed Wireless Access Market by Application
5G Fixed Wireless Access Market by Geography
The global 5G Fixed Wireless Access market is segmented by offering, demography, application and region.
On the basis of offering, the global 5G fixed wireless access market has been bifurcated into hardware: access Units & CPE, services. On the basis of demography, the market is categorized into rural, semi-urban, and urban. Urban areas hold the major share in the global market. Well developed infrastructure in the urban areas, high spending of the people, and technological advancement all these factors have driven the growth of the urban area. On the basis of application, the global 5G fixed wireless access market has been segmented into residential, industrial, commercial, government, and others.
Geographically, the 5G fixed wireless access market is divided into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa. North Americas dominates the global 5G Fixed Wireless Access market during the forecast period owing to the increasing demand from the various sectors, rising government support, and increasing technological advancement. Presence of high technologies and advanced industries, presence of major players in this region, and huge spending power has supported the growth of the market in North America. Europe is expected to have a significant growth for the market owing to the increasing consumption from 5G fixed wireless access technologies. Availability of funds for research and development, and introduction of the innovative products by Europeans players have driven the Europe 5G fixed wireless access market. Asia Pacific is expected to be the fastest growing market owing to the presence of huge opportunity in the market and increasing spending on the telecommunication. China, Japan and India hold the major share in the market. On the other hand, LAMEA holds the least share owing to the less penetration of the technology, and presence of poor economies in Africa region. Middle East holds the major share in the market whereas, Latin America and Africa is expecting a huge opportunity for the market.
Some of the major players analyzed and profiles in this market include Qualcomm Technologies, Cohere Technologies, Inc., Siklu Communication, Ltd., Samsung Electronics, Huawei, Ericsson, AT&T Inc., Verizon Communications Inc., Orange S.A., United States Cellular Corporation, Arqiva, Cellular South, Inc., Mimosa Networks, Inc., TELUS Corporation, Telefónica, Mobile Telephone Networks (MTN), Cisco, Nokia Corporation, Swisscom, and Hrvatski Telekom.
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