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.
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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5G fixed wireless access market has been segmented based on offering, territory, application, and region.
By offering, the market has been segregated into hardware and services.
On the basis of territory, the market has been segmented into urban, semi-urban, and rural.
By application, the market has been segmented into residential, commercial, industrial, and government.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The global market for 5G fixed wireless access market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of the 5G Fixed Wireless Access market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America followed by Europe is expected to dominate the 5G Fixed Wireless Access market from 2019 to 2024 owing to the presence of advanced IT infrastructure, a high concentration of market players in the region, and the availability of proficient technical expertise. In North America, the US is estimated to register the highest CAGR owing to the rapid pace of 5G implementation and the increasing user-base.
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- Device manufacturers
- Network Operators
- Research firms
- Software Developers
- Commercial Banks
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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