At 99.3% CAGR, Wordwide 5G Fixed Wireless Access (FWA) Market Size & Share to Touch Value of USD 88.5 Billion By 2027: Polaris Market Research
5G Fixed Wireless Access (FWA) enables the network providers/operators to offer extremely high-speed broadband connection to even the rural and suburban areas, providing support to the businesses and home applications where the optic fiber proves to be highly expensive to install and maintain.
According to the research report, The 5G Fixed Wireless Access (FWA) Market size was valued at USD 389.05 Million in 2019 and is anticipated to reach USD 88.5 Billion by 2027, to grow at a CAGR of 99.3% during the forecast period.
Delivering of fixed broadband to get high-speed data services and key technologies such as the WiMAX for superior data speed have seemed to fail because they required highly expensive overlay infrastructure and proprietary equipment. Contrastingly, 5G Fixed Wireless Access (FWA) deploys only general mobile components and standard 3GPP architectures to offer high-speed data connection services both to the enterprise and home customers.
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What Does the Report Include?
- Status of the 5G Fixed Wireless Access (FWA) Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the 5G Fixed Wireless Access (FWA) Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide 5G Fixed Wireless Access (FWA) Market’s driving forces and roadblocks
Some of the major drivers of the market include rising demand for high-speed internet connectivity and wide network coverage with minimal power consumption and latency along with the growing adoption of advanced technologies including, Internet of Things (IoT)/ Machine-To-Machine (M2M). In addition, increasing deployment of millimetre-wave technology in 5G FWA also contributes to the market growth. According to the Economic Times, January 2018 publication the rising demand for data is expected to fuel nearly 44% growth in the total number of wireline broadband subscribers across India over the forthcoming four years. This is expected to further boost the competition in the market.
As per Nokia, June 2020 study, the 5G Fixed Wireless Access (FWA) is the highly demanded 5G use case that is proved among the customers worldwide. This study was being conducted by Park Associates and it surveyed approximately 3,000 people across the countries such as the United States, the United Kingdom, and South Korea. The result of the study illustrated that there’s a substantial opportunity for the mobile operators to compete with the broadband service providers through their offering of 5G Fixed Wireless Access (FWA) to businesses and homes.
Market participants such as Arqiva, AT&T Inc., Cellular South, Inc. (Cspire), Cisco, Cohere Technologies, Inc., Ericsson, Hrvatski Telekom, Huawei, Mimosa Networks, Inc., Mobile Telephone Networks(MTN), Nokia, Orange S.A., Qualcomm Technologies, Samsung Electronics, Siklu Communication, Swisscom, Telefónica S.A., Telus Corporation, United States Cellular Corporation, and Verizon Communications Inc. are some of the key players operating in the global market.
Players in the market have adopted strategies such as product launch to strengthen their position in the 5G Fixed Wireless Access (FWA) market. For instance, in April 2018, Siklu Inc. unveiled SmartHaul Wireless Network Design Engine (WiNDE) which automates complex mmWave network designs and accelerates time to deployment. WiNDE is part of a SmartHaul SaaS Application suite, including Range Estimator tool and a Financial Analysis Calculators.
In addition, in March 2018, Mimosa Networks introduced the B24 wire-less backhaul services with the un-licensed 24 GHz band. The B24 can deliver speeds of up-to 1.5 Gbps IP through-put, and leverages the company’s proprietary “Spectrum Reuse Sync” (SRS) based technology.
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Impact of COVID-19 on this Market:
The pandemic of COVID-19 continues to expand and impact over 175 countries and territories across the globe. Although the outbreak appears to have slowed down, the impact of COVID-19 has already been witnessed by all the regions globally. The pandemic could influence the key aspects of the global economy such as production and supply chain along with financial markets.
We, at Polaris Market Research, better understand the impact of economic and other factors on various sectors and markets. Using our advanced research methodology, we are determined to aid your business sustain, stabilizing, and growing during the COVID-19 pandemic. With deep expertise across various industries-no matter how large or small- and with a team of highly experienced and dedicated analysts Polaris Market Research will provide you key insights about coronavirus outbreaks across different industries to guide you prepare for the future.
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