What Has Been the Growth of the Fixed Mobile Convergence Market So Far?
The fixed mobile convergence market has seen considerable growth due to a variety of factors.
• The fixed mobile convergence market has grown rapidly in recent years. It is projected to grow from $6.67 billion in 2024 to $7.65 billion in 2025, at a compound annual growth rate (CAGR) of 14.8%.
This growth can be attributed to network upgrades, the rise of 5G technology, the demand for seamless transitions in calls, and the increased demand for unified communications.
How Will the Fixed Mobile Convergence Market?
The fixed mobile convergence market is expected to maintain its strong growth trajectory in upcoming years.
• The fixed mobile convergence market is projected to grow rapidly, reaching $13.11 billion by 2029 at a CAGR of 14.4%.
The growth is driven by the demand for unified communications, integrated services, increased digital device usage, and remote work. Key trends include technological advancements, multi-access edge computing (MEC), 5G integration, enterprise mobility solutions, and IoT adoption.
Which Factors Are Boosting Growth In The Fixed Mobile Convergence Market?
The fixed mobile convergence market is anticipated to benefit from the rise of 5G technology, which offers faster data speeds, lower latency, and greater capacity compared to 4G networks. The increasing demand for 5G due to higher data traffic, connectivity needs, and mobile broadband improvements supports the integration of fixed and mobile networks. According to 5G Americas, global 5G connections increased by 76% in 2022, and they are expected to reach 5.9 billion by 2027, further driving the growth of fixed mobile convergence.
What Key Areas Define The Segmentation Of The Global Fixed Mobile Convergence Market?
The fixed mobile convergence market covered in this report is segmented –
1) By Convergence Type: Session Redirection, Private Branch Exchange (PBX) Mobility, Client Software, Dual Mode Support
2) By Component: Voice, Videotelephony, Social Networking, Broadband Internet, Broadband Television (TV)
3) By Service Provider: Mobile, Broadband, Combined
4) By End-User: Home Users, Enterprises, Information Technology (IT) And Telecommunications (Telecom), Banking, Financial Services, And Insurance (BFSI), Automotive, Healthcare, Media And Entertainment, Government
Subsegments
1) By Session Redirection: Call Redirection, Data Redirection, SMS Redirection
2) By Private Branch Exchange (PBX) Mobility: Cloud-Based PBX Mobility, On-Premise PBX Mobility, Hybrid PBX Mobility
3) By Client Software: Mobile Clients, Desktop Clients, Unified Communication Clients
4) By Dual Mode Support: Wi-Fi And Cellular Network Support, VoLTE And Wi-Fi Calling Support, Cellular And VoIP Support
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What Emerging Trends Are Influencing The Growth Of The Fixed Mobile Convergence Market?
Companies in the fixed mobile convergence market are developing cloud-based unified communications platforms to enhance business communication. These platforms integrate fixed-line and mobile services into one unified system. For example, in April 2023, Vodafone Idea Limited, in partnership with RingCentral, launched Vodafone Business Unified Communications (UC) in Italy. The platform supports hybrid working by providing businesses with analytics and reporting tools, improving call quality and collaboration. It’s accessible from any device with an internet connection and complies with security regulations.
Who Are the Key Players In The Fixed Mobile Convergence Market?
Major companies operating in the fixed mobile convergence market are:
• Samsung Electronics Co. Ltd.
• Verizon Communications Inc.
• AT&T Inc.
• Huawei Technologies Co. Ltd.
• T-Mobile US Inc.
• Cisco Systems Inc.
• Orange S.A.
• Telefonica S.A.
• Fujitsu Limited
• Ericsson
• Deutsche Telekom AG
• Nokia Corporation
• NEC Corporation
• ZTE Corporation
• Motorola Solutions Inc.
• BT Group plc
• Juniper Networks Inc.
• Amdocs Limited
• Avaya LLC
• Mitel Networks Corporation
• Mavenir
• Radisys Corporation
• Ribbon Communications Operating Company Inc.
• CounterPath Corporation
• Tango Networks Inc.
What Is The Most Dominant Region In The Fixed Mobile Convergence Market?
North America was the largest region in the fixed mobile convergence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed mobile convergence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
