5G Fixed Wireless Access Market
5G fixed wireless access market is anticipated to grow at a CAGR of 39.3% during the forecast period (2024-2031). The growth of the 5G Fixed Wireless Access (FWA) market is attributed to various factors, including technological advancements, the increasing need for high-speed connectivity, and cost-effective deployment options. This market segment is particularly developing in densely populated areas, where it provides reliable connectivity and supports the integration of IoT devices and smart cities. The widespread adoption of 5G technology globally is evidence of the strong demand for advanced wireless services.
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The increasing demand for high-speed internet, driven by remote work, online education, and streaming services, has significantly boosted the need for 5G FWA as a faster, more reliable alternative to traditional broadband. According to the GSM Association, in October 2023, the growth rate of mobile internet adoption experienced a slowdown, with only 200 million new users compared to 300 million in the previous two years. However, it is worth noting that over three-quarters of this growth came from low- and middle-income countries, where 95.0% of the unconnected population resides. Additionally, mobile broadband coverage remained relatively stable, with 95.0% of the global population having access to a mobile broadband network. Nonetheless, there is still a coverage gap of nearly 400 million people, primarily in rural and economically disadvantaged areas.
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• Market Coverage
• Market number available for – 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global 5G Fixed Wireless Access Market Report Segment
By Offerings
• Hardware
• Services
By Territory
• Urban
• Semi-Urban
• Rural
By Application
• Residential
• Commercial
• Industrial
• Government
Global 5G Fixed Wireless Access Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers-
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 5G fixed wireless access market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
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