5G Fixed Wireless Access Market 2019 Upcoming Opportunities, Emerging Segmentation by Forecast to 2024


Posted October 16, 2019 by rahulwgr123

5G Fixed Wireless Access Market Research Report: by Offerings (Hardware and Services), Territory (Urban, Semi-Urban, Rural), Application (Residential, Commercial, Industrial) Region (North America, Europe, APAC) by Global Forecast till 2024
 
Market Highlights

The global 5G fixed wireless access market is expected to grow from USD 400 million in 2019 to USD 7,553.87 million by 2024, at a CAGR of 70.75%, during the forecast period.

5G fixed wireless access market is expected to grow from USD 400 million in 2018 to USD 7,553.87 million by 2023, at a CAGR of 70.75% during the forecast period. Increasing demand for high-speed internet connectivity, the rise in extensive network coverage needs, growing adoption of advanced technologies such as Internet of Things (IoT) millimeter-wave in 5G FWA are the key drivers for the 5G fixed wireless access market.

The 5G Fixed Wireless Access Market has been witnessing significant growth across the globe. The growth factors include an increase in demand for high-speed internet connectivity and the growing adoption of advanced technologies such as the Internet of Things (IoT) millimeter-wave in 5G FWA. Furthermore, the rise in adoption of connected devices, such as smartphones, laptops, smart devices, for commercial and residential applications drive the demand for 5G FWA services to support extended coverage with reduced latency.

Key players

The key players profiled in the 5G fixed wireless access market research report are Telefonaktiebolaget LM Ericsson (Sweden), Samsung Electronics (South Korea), AT&T Inc. (US), Huawei Technologies Co., Ltd (China), Qualcomm Technologies (US), Verizon Communications Inc. (US), Nokia Corporation (Finland), Siklu Communication, Ltd (Israel), Mimosa Networks, Inc. (US), and Cisco Systems, Inc. (US). The major players constantly focus on growth strategies such as partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. The other prominent players in the in the 5G fixed wireless access market are Cohere Technologies, Inc. (US), Arqiva (Hampshire), Cellular South, Inc. (C Spire) (US), Orange SA (France), United States Cellular Corporation (US), Telus Corporation (Canada), Telefónica (Spain), Mobile Telephone Networks (MTN) (South Africa), Swisscom (Switzerland), and Hrvatski Telekom (Croatia).

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Market Segmentation

The worldwide market for 5G fixed wireless access market has been segmented with respect to the offering, territory, application, and region.

Depending on the offering, the market has been split into hardware and services.

Territory-wise, the market has been segregated into urban, semi-urban, and rural.

With context to the application, the market is considered for residential, commercial, industrial, and government.

Regional Insight

The 5G fixed wireless access market is spread across the primary regions of Asia Pacific, North America, Europe, along with the rest of the world (RoW).

North America has been identified as the largest market for 5G fixed wireless access, with respect to revenue as well as an investment-making standpoint. With the United States (US) and Canada at the vanguard of the market growth, North America boasts of the most engaged consumer base for 5G fixed wireless access compared to other regions. The region’s expected status quo of 5G fixed wireless access market is projected to remain unabated and could expand further with the surge in the present customer base.

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The Europe market stands second in the worldwide market, in response to the rising adoption of connected devices like laptops, smartphones, smart devices, for residential and commercial applications. Also, soaring demand for high-speed internet connectivity coupled with the surging adoption of advanced technologies like the Internet of Things (IoT) millimeter-wave would benefit the regional market in the forthcoming years.

Asia Pacific invests massively in research and development of 5G technology, which could lead to tenacious market growth in the years ahead. Not only this, but the presence of renowned players striving for technological innovations will undoubtedly add to the market strength. Trade pundits predict that with the entry of new subscribers, the regional market could expand rapidly.

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Last Updated October 16, 2019