(MENAFN- GlobeNewsWire - Nasdaq) Sandy, Utah, USA, Jan. 16, 2023 (GLOBE NEWSWIRE) --“According to the latest research study, the demand for global 5g fixed wireless access market size & share was valued at approximately USD 538.9 Million in 2021 and is expected to reach USD 2508 Million in 2022 and is expected to reach a value of around USD 23108.05 Million by 2030, at a compound annual growth rate (CAGR) of about 102.7% during the forecast period 2022 to 2030.”
The demand for this fixed wireless access will continue to grow in the coming years due to the high speed of data under a reliable network. The fixed access will provide minimal latency, which shall be one of the factors that will help in the market's growth in the coming years. The use of 5G networks is expected to grow in the coming years as many people across the globe will use these services to access telemedicine in emergencies.
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Market Dynamics
Drivers
Increased use of smartphones, smart devices and laptops will help grow the market in the coming years. The Application of these services in the residential and commercial sectors will help grow the market during the forecast period. Live streaming, video conferencing and autonomous driving will drive the market growth. Increased augmented reality and growing demand for telemedicine applications will help generate more revenue through these connectivity solutions. This network will help provide larger bandwidth and better services than the 4G and the 3G networks. The market is expected to grow well in the coming years due to increased demand for high-speed connectivity.
Restraints
The existing methods which are used in communication will be altered due to the introduction of 5G infrastructure. The implementation of this infrastructure will grow rapidly as the government of the region increases the number of investments made them. Constant research and development activities will also help the better deployment of the infrastructure.
There has been an increase in the need for capital to change the infrastructure components as many things are incompatible. The switch gateways and the components used in routing need to be changed to deploy the 5G network. Apart from the cost factor, there shall also be a few environmental hazards that will restrain the market's growth in the coming years.
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Opportunities
Many industries across the globe have an increased preference for the 5G network. As it provides consistency in connectivity and data transfer at a higher rate, the demand for these services will continue to grow in the coming years. The use of autonomous cars will drive market growth in the coming years period there has been a growth in the demand for the safety systems in these cars and connectivity between the vehicles and the infrastructure, due to which the demand for 5G network is expected to grow in the coming years.
Connected devices will benefit due to the use of a 5G network. The 5G network in the healthcare segment will provide major developments in the coming years. In emergencies, the demand for telemedicine will grow, and using the 5G network will help improve the efficiency of the services. It will also help increase the adoption of these services in the coming years.
Challenges
The use of the existing infrastructure for 5G network connectivity is not possible. There is no compatibility between the backhaul and fronthaul equipment. Due to this, the organizations will incur many costs for setting up the infrastructure. The use of advanced technologies will not be possible with the existing infrastructure.
Report Highlights
The sub-6 GHz segment is expected to have the largest market share in the coming years. The maximum use of this spectrum by the providers of the 5G network. This spectrum uses more as it provides better coverage and throughput. The spectrum is used the most in rural, urban, and suburban areas.
The semi-urban segment is expected to have a dominant position add these services will be adopted on a large scale by the people residing in the semi-urban regions across the world. The population of these regions is not dense. The wireless network will easily be accessible in these regions due to the use of the advanced antenna and receptors and transmitters that use high power. Due to this, not a lot of capital will be invested in these regions. The demand for these services is expected to grow in the coming years as this option is cost-effective, and the population will prefer it in these regions and is also flexible.
Based on Application, the demand for these services is expected to be more in the residential sector. Services are provided at a lower cost, end the speed is extremely high, due to which the demand for it is expected to be more in the residential sector. As there are no hassles with the installation, the market is expected to grow in the coming years. The increased use of smart devices, laptops, and smartphones will help grow the segment in the coming years.
Regional Snapshots
The North American region is expected to grow well in the coming years due to the major market players in this region. There will be a 5G network in this nation, and increased trade options of this network will lead to the market's growth in the coming years. As the number of subscribers is expected to grow in the United States, the demand for these services will continue to grow.
The Asia Pacific region is expected to have the largest 5g fixed wireless access market share in the coming years. As government policies are favorable, there shall be increased deployment of these fixed wireless networks, especially in the Asia Pacific region. The policies adopted by the government will promote the market in the semi-urban, urban and rural regions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 538.9 Million |
| Projected Market Size in 2030 | USD 23108.05 Million |
| CAGR Growth Rate | 102.7% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Mimosa Network Inc. (U.S.), Siklu Communication (Israel), Vodafone (U.K.), and Others |
| Key Segment | By Offering, Operating Frequency, Demography, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
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Key players
Nokia (Finland) Samsung Electronics (South Korea) Huawei Technologies Co. Ltd. (China) Ericsson (Sweden) Mimosa Network Inc. (U.S.) Siklu Communication (Israel) Vodafone (U.K.) Others
Key questions answered in this report:
What is the size of the 5G Fixed Wireless Access market and what is its expected growth rate? What are the primary driving factors that push the 5G Fixed Wireless Access market forward? What are the 5G Fixed Wireless Access Industry's top companies? What are the different categories that the 5G Fixed Wireless Access Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the 5G Fixed Wireless Access market sample report and company profiles?
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Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Recent Development
Inseego's fixed 5G wireless access was certified by Verizon in the year 2022, C-Band spectrum will be included for its customers.
Segments covered in the report
By Offering
By Operating Frequency
SUB-6 GHZ 24 GHZ-39 GHZ Above 39 GHZ
By Demography
By Application
Residential Commercial Industrial Government
On the basis of Geography
North America
Europe
France The UK Spain Germany Italy Rest of Europe
Asia Pacific
China Japan India Australia South Korea Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa
Latin America
Brazil Argentina Rest of Latin America
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Key Insights from Primary Research/Key Insights & Findings from the report:
As per the analysis shared by our primary respondents, the 5G Fixed Wireless Access market is expected to grow annually at a CAGR of around 10.5 %. Through primary research, it was established that the 5G Fixed Wireless Access market was valued at around USD 1.5 Billion in 2021. Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021. The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends. The“North America” region will lead the global 5G Fixed Wireless Access market during the forecast period 2022 to 2030.
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This 5G Fixed Wireless Access Market Research/Analysis Report Contains Answers to the following Questions .
Which Manufacturing Technology is used for 5G Fixed Wireless Access? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This 5G Fixed Wireless Access Market? What are Their Company Profile, Their Product Information, and Contact Information? What Was the Global Market Status of the 5G Fixed Wireless Access Market? What Was Capacity, Production Value, Cost and PROFIT of the 5G Fixed Wireless Access Market? What Is the Current Market Status of the 5G Fixed Wireless Access Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of 5G Fixed Wireless Access Market by Taking Applications and Types in Consideration? What Are Projections of the Global 5G Fixed Wireless Access Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is 5G Fixed Wireless Access Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is Economic Impact On 5G Fixed Wireless Access Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of 5G Fixed Wireless Access Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for 5G Fixed Wireless Access Industry?
Reasons to Purchase 5G Fixed Wireless Access Market Report
5G Fixed Wireless Access Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. 5G Fixed Wireless Access Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. 5G Fixed Wireless Access Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. 5G Fixed Wireless Access Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global 5G Fixed Wireless Access market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide 5G Fixed Wireless Access market analysis.
The competitive environment of current and potential participants in the 5G Fixed Wireless Access market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide 5G Fixed Wireless Access market should find this report useful. The research will be useful to all market participants in the 5G Fixed Wireless Access industry.
Managers in the 5G Fixed Wireless Access sector are interested in publishing up-to-date and projected data about the worldwide 5G Fixed Wireless Access market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in 5G Fixed Wireless Access products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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