The 5G Fixed Wireless Access by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 5G Fixed Wireless Access, 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%. The growth in the historic period can be attributed to increasing adoption of 5g networks, increasing number of internet users, increasing wireless technology and strong 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%. The growth in the forecast period can be attributed to increasing smart homes, government initiatives, growth in number of iot devices, increasing availability of mobile devices, increasing internet penetration. Major trends in the forecast period include new product innovations, software- as-a-service, new technological advancements, developing 5g radio technology, and partnerships and collaborations.
The increasing adoption of 5G networks is expected to fuel the growth of the 5G fixed wireless access market in the coming years. 5G is the fifth generation of mobile data technology designed to significantly improve wireless network speed and flexibility. With the introduction of 5G, mobile technology can meet the demands of fixed-line networks and price ranges. According to Future Networks, a UK-based telecommunications company 5G will account for 1.2 billion connections by the end of 2025. Moreover, according to vXchnge, a US-based company that offers data centers and colocation services, 5G networks will cover 40% of the world and handle 25% of all mobile traffic data by 2024. Therefore, the increasing adoption of 5G networks drives the growth of 5G fixed wireless access.
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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
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Companies in the 5G fixed wireless access market are focused on product innovations and developing new product solutions to strengthen their position in the market. For instance, in February 2022, Qualcomm Technologies, Inc., an American multinational corporation that designs and manufactures digital wireless telecommunication products and services, launched the Qualcomm 5G Fixed Wireless Access Platform Gen 2 with additional enhanced features and capabilities. Improvements planned include the brand-new Qualcomm 5G RF Sensing Suite as well as support for standalone 5G mmWave communication. The following two new essential functions will promote the use of FWA and its deployment while highlighting Qualcomm Technologies’ continued leadership in the industry’s widespread adoption of 5G mmWave.
The 5g fixed wireless access market report table of contents includes:
1. Executive Summary
2. 5G Fixed Wireless Access Market Characteristics
3. 5G Fixed Wireless Access Market Trends And Strategies
4. 5G Fixed Wireless Access Market – Macro Economic Scenario
5. Global 5G Fixed Wireless Access Market Size and Growth
…..
32. Global 5G Fixed Wireless Access Market Competitive Benchmarking
33. Global 5G Fixed Wireless Access Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 5G Fixed Wireless Access Market
35. 5G Fixed Wireless Access Market Future Outlook and Potential Analysis
36. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/5g-infrastructure-equipment-global-market-report
https://www.thebusinessresearchcompany.com/report/5g-services-global-market-report
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