5G Fixed Wireless Access Global Market 2024 - By Share, Growth, Demand, Trends, Forecast To 2033
Global 5g fixed wireless access market size is expected to reach $42.25 Bn by 2028 at a rate of 40.6%, segmented as by offering, hardware, services
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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.
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Segmentation & Regional Insights
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
North America was the largest region in the 5G fixed wireless access market in 2023. Europe was the second largest market in the 5G fixed wireless access market. The regions covered in the 5g fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the 5g fixed wireless access market report are Telefonaktiebolaget LM Ericsson, Nokia Corporation, Qualcomm Technologies, Samsung Electronics, Intel Corporation, Cisco Systems, Inc, Huawei Technologies, Siklu Communication Ltd., Mimosa Networks Inc, Cablefree, Singtel Optus Pty. Ltd, Bharti Airtel, Rakuten Mobile, Zte Corporation, Deutsche Telekom Ag, Swisscom Ag, Telefónica,Sa, Orange Sa, Vodafone Uk, Veon Ltd, Hrvatski Telekom (T-Hrvatski Telekom), Megafon, Inseego, Verizon Communications Inc, Commscope, Cohere Technologies Inc, United States Cellular Corporation, C Spire, Telefonica Brasil, Telecom Argentina, T-Mobile, América Móvil, Ooredoo Group, Etisalat Uae, 21st Century Technologies Ltd, Dreamlabs Nigeria Ltd, Excelsimo Networks Ltd, Galaxy Backbone Plc, Ipnx Nigeria Ltd, Liquid Intelligent Technologies, Mainone, Medallion Communications Inc, Mtn Group, Rack Centre Ltd.
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
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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
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