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5G Fixed Wireless Access (FWA) Market estimated to be worth $46,366 million by 2026

 



(IT-NEWSWIRE.COM, May 14, 2019 ) According to the new market research report "5G Fixed Wireless Access (FWA) Market by Offering (Hardware: Access Units & CPE, Services), Demography (Urban, Semi-Urban, Rural), Application (Residential, Commercial, Industrial, Government), and Region - Global Forecast to 2026", the 5G fixed wireless access market is expected to grow from USD 369 million in 2019 to USD 46,366 million by 2026, growing at a CAGR of 97.47% from 2019 to 2026. Key factors driving the growth of this market include growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption, increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) and millimeter-wave in 5G FWA.



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By offering, services segment is expected to be largest contributor to 5G fixed wireless access market during forecast period



The evolution of 5G is likely to take fixed wireless access services to a new level with the use of a wide range of radio spectrum owing to which consumers can achieve major capacity gains and low-latency connectivity. 5G FWA is likely to enhance network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Further, increasing adoption of connected devices, such as smartphones, laptops, smart devices, in several commercial and residential applications, such as distance learning, autonomous driving, multi-user gaming, video conferencing, live streaming, telemedicine, and augmented reality is expected to generate the demand for 5G FWA services to achieve extended coverage. Already, in October 2018, Verizon launched 5G FWA services in 4 major cities in the US, namely, Houston, Indianapolis, Los Angeles, and Sacramento. The company is offering a 3-month free trial period before paying USD 70 per month (or USD 50 per month for existing Verizon customers) and the promise of no data caps. These customers will also receive a free Apple TV 4K or Google Chromecast Ultra device at installation.



5G fixed wireless access market for semi-urban areas to grow at highest CAGR from 2019 to 2026



The 5G fixed wireless access market will somewhat behave according to different spectrums used across different areas. For instance, in sub-urban areas and urban areas, the higher spectrum would be preferred, whereas rural areas can use lower frequencies for FWA services. Initially for the first few years, this market will be majorly dominated by the semi-urban areas, post which we can see a larger impact of FWA in rural areas. With high power transmission/reception and advanced antenna technologies, this 5G FWA could be a game changer for semi-urban customers.



Browse and in-depth TOC on "5G Fixed Wireless Access (FWA) Market"



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46 - Figures

168 - Pages



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5G fixed wireless access market for residential applications to grow at significant rate from 2019 to 2026



5G fixed wireless is an ideal alternative mainly for residential customers as users can get gigabits of speeds at a competitive price, with no installation issues. There are more than 2 billion families across the world. Observing the current industry trend, less than half of the families are likely to opt for a fixed copper or fiber broadband connection by 2023. In many countries, it is not economically viable to build a fixed broadband infrastructure. Based on ITU data, the addressable market can be close to 1 billion households, with either no or poor fixed broadband connectivity.



North America to hold major share of 5G fixed wireless access market in 2019



North America is expected to hold the largest share of the global 5G fixed wireless access market during the forecast period. In North America, the US is considered to have the most engaged user base, and a similar trend is expected to continue with the addition of new subscribers. With full-fledged 5G implementation in North America, it is expected to boost on-demand video services. In the current scenario, the market for such services is growing continuously. Companies such as AT&T (US) and Verizon (US) are driving the telecom sector, but both these players are looking to diversify their business from core mobile services and compete more effectively in internet services. In October 2018, Verizon launched 5G FWA services in 4 cities in the US.



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Key Market Players



Major players in the 5G fixed wireless access market include Qualcomm Technologies (US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Huawei (China), Ericsson (Sweden), Mimosa Networks, Inc. (US), Cohere Technologies, Inc. (US), Siklu Communication, Ltd. (Israel), AT&T Inc. (US), Verizon Communications Inc. (US), Cisco (US), Arqiva (Hampshire), Cellular South, Inc. (C Spire) (US), Orange S.A. (France), United States Cellular Corporation (US), TELUS Corporation (Canada), Telefónica (Spain), Mobile Telephone Networks (MTN) (South Africa), Swisscom (Switzerland), and Hrvatski Telekom (Croatia).



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Founded in 1983 and headquartered in New York, US, Verizon Communications Inc. is well-known for its wide offerings in communications, information, and entertainment services in different verticals, such as consumers, businesses, and government. The company operates through 2 major business segments: Wireless and Wireline. Wireless communication products and services include wireless voice and data services and equipment sales, which are provided to business and government customers across the US. Wireline’s voice, data, and video communication products and enhanced services include broadband video and data services, corporate networking solutions, security and managed network services, and local and long-distance voice services. The company is focusing on launching 5G wireless technology-based products and developing the ecosystem for offering fixed and mobile 5G wireless services. The company is partnering with major players for the development of standards and fulfillment of next-generation wireless technology requirements. In November 2017, the company announced to commercially launch 5G wireless residential broadband services in 3 to 5 US markets in 2018.



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