Published by Uma Rajagopal
Posted on February 16, 2022
As the requirement for high-speed internet with extensive network coverage and low latency surges, the 5G Fixed Wireless Access (FWA) Market shall experience an upward shift in its demand curve. Irrefutably, the telecommunications industry also suffered the lethal effects of COVID 19 as 5G rollouts and services were detained globally. The global supply chains came to a screeching halt and fell short of staff due to pandemics, hence delaying the deployment of 5G macrocells. However, this did not prevent the 5G Fixed Wireless Assets market from flourishing. As the world recovers from the shocks of the pandemic, several telecommunication providers have resolved to establish fresh infrastructure for decking up internet services. This could invariably ramp up demand across the 5G FWA market, opening up several growth opportunities for market aspirants. The COVID-19 pandemic has made remote work the ‘new normal’ which is further driving up demand for better connectivity across the globe.
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Use of Cutting-Edge Technologies Across Mega-Cities Deemed Crucial for Market Growth
Due to continuous advancement in ultra-modern technologies, the market demand for communication devices like smart streetlights, smart parking, and livestock monitoring is soaring high. This could be accomplished by using machine-to-machine (M2M) technology and Internet of Things (IoT) which helps in establishing long-range connectivity. Few proportionally new use cases for consumer electronics, automobile telematics, and point-of-sale (PoS) are added to 5G tech for good measure. Business assets and infrastructure management via fleet management solutions or advanced metering infrastructures alongside remote application monitoring and after-sales services support are expected growth boosters of the 5G fixed wireless access market.
Asia Pacific Supremacy in the 5G Fixed Wireless Access Market
Asia Pacific countries are leading in terms of market growth. The 5G fixed wireless access market in APAC further bifurcates to China, Japan, South Korea, India, and the rest of APAC. The region is booming with industrialized economies namely China, South Korea, and Japan. These regions dominate the entire world in terms of the evolution and adoption of cutting-edge technologies like IoT and M2M communication. Furthermore, the countries have shown remarkable development in building smart cities and carrying out industrial automation for connecting multiple devices dynamically and in real-time which ameliorates the system’s performance. Countries in Europe and North America could also witness a surge in demand in the times to follow. This assertion can be attributed to the investments directed towards improving telecommunications engineering and internet services.
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Sovereign Marketers of 5G Fixed Wireless Access Domain
Some companies have demonstrated significant growth in the 5G FWA market, Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies Co., Ltd. (China), Ericsson (Sweden), Mimosa Network, Inc. (the US), Siklu Communication (Israel), Vodafone (UK), Verizon Communications Inc. (US), Inseego (US), and CableFree (UK) amidst other market players. Consistent planning and devising proper game plans for partnerships, contracts, product launches, collaborations, acquisitions have fostered their recognition internationally and aggrandized their whack in the 5G fixed access wireless market. Besides, the swelling demand for internet services, especially across the corporate and education sectors, is projected to create lucrative opportunities for market growth and expansion.
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