The 5G Fixed Wireless Access Market is expected to grow at a CAGR of 69.42% to reach US$3,047.976 million by 2024, from US$218.376 million in 2019. The development of 5G is probably going to take fixed wireless access administrations to another dimension with the utilization of a wide scope of radio range network from which users can accomplish real limit gains and low-inactivity network. 5G FWA is probably going to upgrade network performance capacities and provide high speed network coverage as compared with currently used connectivity networks. Further, expanding reception of associated gadgets, for example, cell phones, PCs, brilliant gadgets, in a few business and private applications such as remove learning, independent driving, multi-client gaming, video conferencing, telemedicine, and augmented reality is expected to gain the interest for 5G FWA during the forecasted period.
By end-user the 5G fixed wireless access market is segmented as residential, commercial, industral and government. By end-user the residential segment is ideally expected to adapt the 5G FWA as users will be getting gigabits of speeds than the current network providers. The commercial sector is expected to face a higher demand of 5G FWA because a number of systems have to be run and the current providers are not giving the desired results and with this innovation the 5G FWA providers will be able to provide a much more higher speed which is expected to the increase the growth of this market during the forecasted period.
By geography, the 5G fixed wireless access market is segmented as North America, South America, Europe, Middle East and Africa and Asia Pacific. North America is expected to hold the significant share of the worldwide 5G fixed wireless access market within which the US and Canada are expected to embrace 5G FWA services at a higher rate. These nations have well-established economies, which enable them to invest heavily in R&D activities, subsequently contributing essentially to the improvement of new technologies. In North America, the US is considered to have the most engaged user base, which is expected upon to develop with new subscribers.
Major industry players profiled as a part of this report are Verizon Communications Inc, Ericsson, AT&T Inc, Siklu, Mimosa Nerworks Inc, Cohere Technnologies Inc.
The 5G fixed wireless access market has been analyzed through the following segments:
By Demographic Trend
United States of America
Middle East and Africa
United Arab Emirates
Key insights offered
What will be the 5G fixed wireless access market size from 2018 to 2024?
How are the major drivers and restraints affecting the 5G fixed wireless access market growth and the opportunities which exist for key vendors?
Which segment and region will lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour.
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.