Press release
5G Fixed Wireless Access Market: Growing Adoption of Connected Technology to Primarily Push Expanse of 5G Fixed Wireless Access
The transition from traditional networks to 5G network (both fronthaul and backhaul) is however not as seamless as it seems to be, which lead to compatibility challenges. Small enterprises, and start-ups thus remain reluctant regarding a complete shift from their traditional fronthaul/backhaul network solutions. This will continue to be an impediment to market expansion in long run, says the report.
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Adoption of IoT, and M2M Communications Shape up Demand for 5G Fixed Wireless Access
Growth of 5G fixed wireless access will accelerate with the rising penetration of next-generation technologies like Internet of Things (IoT), and Machine-to-Machine Learning (M2M). Increasing adoption of the Millimetre-wave technology for 5G FWA is also likely to provide a thrust to market growth, says the report. Some of the latest use cases of 5G technology like auto-telematics, consumer electronics, and point-of-sale (PoS) are further likely to complement the progress of 5G fixed wireless access. Soaring demand for long-range connectivity is driving the market for connected devices, thereby pushing prospects of IoT.
On the other side, development of smart cities across different parts of the globe is likely to create high-value markets for M2M communication devices like smart streetlights, smart monitoring devices, smart parking systems, and smart meters, which again points to heightening demand for a seamless connectivity network. 5G fixed wireless access is thus expected to remain in demand over the period of next few years. With M2M connections witnessing consistently growing demand to cater to remote monitoring applications like telematics, and telemetry, 5G fixed wireless access will continue to reach new heights. As a greater number of business enterprises are emphasising remote management of their infrastructure, and assets through advanced fleet management solutions or metering infrastructures, demand for 5G fixed wireless access will only continue to see an upswing.
The COVID-19 and post-COVID-19 Impact
Dramatic surge in data traffic during the year 2020 amid the peak period of pandemic gave a substantial boost to investments in 5G technology. Although the year could be a big one for network infrastructure providers for 5G rollouts, and infrastructure developments, the viral outbreak caused a major delay that eventually held a cascading effect on 5G fixed wireless access as well. However, as fast-developing Asian economies have particularly been witnessing deployment of 5G infrastructure at an exponential pace, massive investments are likely to go to Asian markets. The scope for growth of 5G fixed wireless access market thus looks significantly high across Asia Pacific, especially across China, South Korea, and Japan. The US certainly leads, followed by the key European countries, i.e., Germany, and the UK.
Potential opportunities abound in the various upcoming ground-breaking revolutions like real-time vehicle-to-infrastructure, and vehicle-to-vehicle communication. Increasing usage of sensors across industries, expanding user base of telemedicine, are some other strong factors that are expected to fuel market growth.
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Key Market Players in 5G Fixed Wireless Access
Nokia, Huawei Technologies Co., Ltd., Samsung Electronics, Ericsson, Verizon Communications Inc., Mimosa Network, Inc., Siklu Communication, CableFree, and Inseego are some of the most prominent companies operating in global 5G fixed wireless access space.
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