Boost the Demand for 5G FWA Solutions to Achieve Extended Coverage

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MarketsandMarkets Presents

Boost the Demand for 5G FWA Solutions to Achieve
Extended Coverage 5G Fixed Wireless Access
Market with COVID-19 Impact Analysis by Offering
(Hardware, Services), Operating Frequency (Sub6
GHz, 24 GHz39 GHz, Above 39 GHz ), Demography
(Urban, Semi-Urban, Rural), Application, and
Region - Global Forecast to 2026 https//www.mark
etsandmarkets.com/Market-Reports/5g-fixed-wireless
-access-market-41266711.html
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The 5G fixed wireless access market which was
valued at USD 396 million in 2019 is projected to
reach a value of USD 46,366million by 2026,
growing at a CAGR of 97.47 from 2019 to 2026.
The key factors driving the growth of the 5G
fixed wireless access markets are growing demand
for high-speed internet connectivity and broad
network coverage with reduced latency and power
consumption, increased adoption of advanced
technologies such as machine-to-machine
(M2M)/Internet of Things (IoT) and
millimeter-wave in 5G FWA. However, delay in
making decisions related to the standardization
of spectrum allocation, high infrastructure
costs, and adverse impact on the environment are
expected to hinder market growth. Browse 136
market data Tables and 48 Figures spread
through 226 Pages and in-depth TOC on "5G Fixed
Wireless Access Market with COVID-19 Impact
Analysis - Global Forecast to 2026"
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5G, as a fixed wireless solution, was not in
focus until companies such as Verizon and ATT
started discussing the possible impact of 5G FWA
on mobile phones, smart homes, connected cars,
and smart cities, among various other
applications. These companies also plan to launch
5G FWA solutions for end users much before the
commercial launch of 5G services. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id41266711 The services segment is
expected to be the largest segment, accounting
for nearly 86 of the 5G fixed wireless access
market by 2026. The evolution of 5G is likely to
take fixed wireless access 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. Thus, 5G FWA
is likely to enhance network performance
capabilities and deliver high-speed network
coverage compared to currently used connectivity
networks.Furthermore, rising adoption of
connected devices, such as smartphones, laptops,
and smart devices in several commercial and
residential applications, such as distance
learning, autonomous driving, multiuser gaming,
videoconferencing, live streaming, telemedicine,
and augmented reality is expected to boost the
demand for 5G FWA solutions to achieve extended
coverage.
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Semi-urban areas are expected to hold the largest
share of the 5G fixed wireless access market in
the coming years. In areas like these, it is
challenging to upgrade or deploy the foundation
infrastructure due to the high cost of projects
in civil works and complexities associated with
high-rise buildings. FWA overcame the challenge
by providing a wireless connection with high
throughput and low latency everywhere, whether
replacing aging wireline infrastructure or
establishing a connection with a new network
node. Request Free Sample Pages https//www.mar
ketsandmarkets.com/requestsampleNew.asp?id4126671
1 North America is one of the leading markets
for 5G in terms of RD, network
design/deployment, and presence of key players.
In North America, the US is considered to have
the most engaged user base, which is expected to
grow with new subscribers. Full-fledged
implementation of 5G in North America is
anticipated to boost on-demand video services. In
the current scenario, the market for such
services is continuously growing. The
proliferation of 5G networks in the region is
increasing mainly due to the presence of some
prominent market players. For instance, Qualcomm
Technologies (US), Mimosa Networks, Inc. (US),
Cohere Technologies, Inc. (US), Cellular South,
Inc. (C Spire) (US), TELUS Corporation (Canada),
United States Cellular Corporation (US), ATT
Inc. (US), Verizon Communications Inc. (US), and
Cisco (US) are among a few major companies in the
5G market that are actively participating in the
development of 5G FWA solutions.
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Rising demand for 5G FWA networks from various
industries, remarkable progress in
telecommunications and networking technologies,
escalating the demand for IoT and cloud-based
services, development of the 5G network, and
strategic partnerships with system integrators in
emerging economies are some of the major
opportunities that are expected to open for
companies in the 5G fixed wireless access market.
The 5G network plays a vital role in meeting
various requirements for several connected
devices and numerous sensors that are being
deployed. Increased demand for advanced network
connectivity to effectively avail IoT and
cloud-based services is creating considerable
growth opportunities for 5G FWA providers. The
5G FWA network offers features such as high-speed
data transfer rate, low latency, and consistent
connectivity. All these features are useful
across various industrial sectors. In smart
cities, there are dense arrays of wireless
sensors that enable various services and
applications, right from environmental services
and pollution monitoring to security
surveillance, traffic management, and smart
parking, among many others. Moreover, in the
healthcare sector, the 5G network could become a
revolutionary development. For instance, in an
emergency, the 5G network can help avail services
such as telemedicine and emergency care
providers. The wide adoption of the 5G network in
different business segments would further
increase opportunities for the 5G FWA market.
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