Global 5G Fixed Wireless Access Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
16 Aug, 2021
The 5G fixed wireless access market consist of sales of 5G fixed wireless access hardware and services by entities (organizations, sole traders, and partnerships) that have the potential to provide service bandwidth capacity on the level with fiber optics. Fixed Wireless Access (FWA) enables network providers to provide ultra-high-speed connectivity to suburban and rural areas, serving home and business installations where laying and maintaining fiber is prohibitively costly.
Global 5G Fixed Wireless Access Market Size And Drivers:
The global 5G fixed wireless access market is expected to grow from $538.9 million in 2020 to $1,092.26 million in 2021 at a compound annual growth rate (CAGR) of 102.7%. The change in growth trend of the 5G fixed wireless access market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The 5G fixed wireless access market is expected to reach $23,108.05 million in 2025 at a CAGR of 114.5%. The increasing adoption of 5G networks is expected to fuel the growth of the 5G fixed wireless access market in the coming years.
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Trends In The Global 5G Fixed Wireless Access Market
Technological innovations are shaping the 5G fixed wireless access market. Major companies operating in the 5G fixed wireless access sector are focused on developing technological solutions for 5G fixed wireless access. For instance, in February 2020, Huawei, a China-based telecommunications equipment company launched LampSite EE based on Huawei's 5G technology. LampSite EE is the business version of 5G LampSite for industrial scenarios. The version is an update from Huawei's pioneer LampSite 5G indoor radio connectivity solution, and it is geared toward smart manufacturing, smart hospitals, smart transportation, and smart warehouses, among other industries.
Global 5G Fixed Wireless Access Market Segments:
The global 5G fixed wireless access market is further segmented based on offering, demography, end user and geography.
By Offering: Hardware, Services
By Demography: Urban, Semi-Urban, Rural
By End-User: Residential, Commercial, Industrial, Government
By Geography: The global 5G fixed wireless access market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the 5G fixed wireless access market in 2020.
Read More On The Report For The Global 5G Fixed Wireless Access Market At:https://www.thebusinessresearchcompany.com/report/5g-fixed-wireless-access-global-market-report
5G Fixed Wireless Access Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides 5G fixed wireless access market overviews, analyzes and forecasts market size and growth for the global 5G fixed wireless access market, 5G fixed wireless access market share, 5G fixed wireless access market players, 5G fixed wireless access market segments and geographies, 5G fixed wireless access market’s leading competitors’ revenues, profiles and market shares. The 5G fixed wireless access market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.