5G Fixed Wireless Access Market: Market Segments: By Type (Hardware and Services); By Demography (Urban, Semi-Urban and Rural); By Application (Residential, Commercial, Industrial and Government); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
5G fixed wireless access uses wireless mobile network infrastructure instead of fixed lines. It enables a rapid and fair broadband service to be built. Fixed wireless connectivity, with the assistance of wireless networking devices or systems, makes communications between two fixed locations or buildings. Fixed wireless service with a radio or other wireless connections is carried out by wireless communication devices or systems. Fixed wireless is, in general, part of a wireless LAN infrastructure.
5G Fixed Wireless Access Market is expected to project a notable CAGR of 75.4% in 2030.
5G Fixed Wireless Access Market to surpass USD 90 billion by 2030 from USD 489 Million in 2018 at a CAGR of 75.4% throughout the forecast period, i.e., 2019-30. Growing demand for high-speed internet access coupled with superior broadband coverage that has minimal power consumption and latency is due to the growth of this sector.
5G Fixed Wireless Access Market: Segments
Services Segment to grow with the highest CAGR of 15.2% during 2019-30
5G Fixed Wireless Access Market is segmented by type as hardware and services. The services segment dominated the market with a revenue share of 64.2% in 2018 owing to the availability of many types of services, including the connectivity of several devices needed for smart and secure cars, smart houses, smart schools, smart cities, education and healthcare improvements, while also offering a highly efficient and safer place to live. Through deploying the cellular mobile network facility rather than using traditional fixed line networks, 5G fixed wireless access appears to be a robust way to offer uninterrupted internet connectivity to household users. Safe and secure high-speed internet connectivity is important for the transport industry because it is necessary to deliver on time the much-needed materials such as grocery supplies, hardware goods, new vehicles via path. Ultra-fast internet connectivity via 5G fixed wireless network networks guarantees on-time delivery service.
5G Fixed Wireless Access Market: Market Dynamics
Growing Demand for High-speed Data Connectivity
The growing adoption of connected devices, such as smartphones, laptops and smart devices, in many commercial and residential applications, such as distance learning, autonomous driving, multi-user gaming, video conferencing and live streaming, as well as in telemedicine and augmented reality, is expected to generate the need for fixed wireless connectivity solutions for 5G to achieve expanded coverage. 5G network software is capable of delivering ample bandwidth to further boost data traffic.
Cost and Environmental Challenges Associated with Millimeter-wave Technology
It is expected that 5 G infrastructures will alter current methods of communication. While 5 G infrastructure is still in its infancy, a number of businesses and government agencies are promoting the implementation and deployment of 5 G technology with increased investment to carry out R&D activities. Increased investment is required to upgrade existing 5 G networks to replace existing components or add new ones, such as access networks, gateways, switches and routing components, resulting in high capital requirements.
5G Fixed Wireless Access Market: Regions
5G Fixed Wireless Access Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
5G Fixed Wireless Access Market in North America held the largest market share of XX% in the year 2018 and also expected to remain the largest market during the forecast period as demand for high-speed Internet access is growing rapidly, as businesses are investing heavily in fixed wireless connections. As the US is known to have the largest user base and a similar trend, which is expected to continue with the addition of new subscribers, North America dominates the market. The deployment of fixed wireless networks not only offers high-speed internet, but also allows users to make use of the infrastructure in unserviced areas. Asia-Pacific is a increasingly rising region, as favourable government norms and policies promote the introduction of 5 G mobile services by 2020 by domestic companies. In order to join the 5 G network market in the APAC Region, different companies have also introduced collaboration and alliance strategies.
5G Fixed Wireless Access Market: Key Players
- Qualcomm Technologies
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- Nokia Corporation
- Samsung Electronics
- Mimosa Networks Inc.
- Cohere Technologies Inc.
- Siklu Communication Ltd.
- AT&T Inc.
- Verizon Communications Inc
5G Fixed Wireless Access Market report also contains analysis on:
5G Fixed Wireless Access Market Segments:
- 5G Fixed Wireless Access Market Dynamics
- 5G Fixed Wireless Access Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints