Rising Demand for Connected Devices Driving the Growth of 5G Fixed Wireless Access Market

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MarketsandMarkets Presents

Rising Demand for Connected Devices Driving the
Growth of 5G Fixed Wireless Access Market 5G
Fixed Wireless Access Market by Offering
(Hardware, Services), Operating Frequency (Sub-6
GHZ, 24 GHZ- 39 GHZ, Above 39 GHZ), Demography
(Urban, Semi-Urban, Rural), Application
(Residential, Commercial, Industrial) and
Geography-Global Forecast to 2026 https//www.mar
ketsandmarkets.com/Market-Reports/5g-fixed-wireles
s-access-market-41266711.html
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The 5G fixed wireless access market was valued
at USD 277 million in 2019 and is projected to
reach USD 86,669 million by 2026 it is expected
to grow at a CAGR of 135.9 from 2020 to 2026.
The 5G fixed wireless access market is predicted
to rise due to rising acceptance of sophisticated
technologies such as machine-to-machine (M2M) and
Internet of Things (IoT), as well as increased
use of millimeter-wave technology for 5G fixed
wireless access. Browse 136 market data Tables
and 46 Figures spread through 226 Pages and
in-depth TOC on "5G Fixed Wireless Access Market
by Offering (Hardware, Services), Operating
Frequency (Sub-6 GHZ, 24 GHZ- 39 GHZ, Above 39
GHZ), Demography (Urban, Semi-Urban, Rural),
Application (Residential, Commercial, Industrial)
and Geography-Global Forecast to 2026 "
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Increasing adoption of advanced technologies
such as machine-to-machine and Internet of
Things Machine-to-machine (M2M) communication is
the next-generation technology that is expected
to drive automation across a majority of
industrial verticals and connect multiple devices
simultaneously. The key reasons for the increased
adoption of new M2M technologies are to ensure
improved connectivity for smooth communication
among different machines and lower their power
consumption. Rising demand for connected devices
for long-range connectivity is expected to drive
the growth of the market for M2M/IoT
communication devices, such as smart meters,
smart streetlights, livestock monitoring devices,
and smart parking systems. The growth of M2M
technology is expected to further fuel the
adoption of connected devices (or IoT
devices). Ask PDF Brochure https//www.marketsan
dmarkets.com/pdfdownloadNew.asp?id41266711
High infrastructure cost The millimeter-wave
spectrum faces several challenges, such as high
costs of components. The manufacturing of small
components requires high precision, which
increases their manufacturing costs, as well as
results in non-line of sight issues. Millimeter
waves are blocked by physical objects such as
trees and buildings that result in loss of
signals and their reduced range. These
disadvantages are expected to lead
telecommunication operators to increase the
number of towers and use equipment based on new
technologies.
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Increased demand for 5G fixed wireless access
networks from different industries The 5G fixed
wireless access network offers high-speed data
transfer rate, low latency, and consistent
connectivity, which are useful for various
industries. For instance, in autonomous
cars/connected cars, the low latency of 5G
networks is critical for implementing safety
systems and ensuring real-time vehicle-to-vehicle
and vehicle-to-infrastructure communication. In
smart cities, there are dense arrays of wireless
sensors that are useful for various services and
applications, right from environmental and
pollution monitoring to security surveillance,
traffic management, and smart parking. Request
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Compatibility issues between traditional and 5G
networks The seamless shift from traditional
networks to 5G fronthaul and backhaul networks is
difficult to achieve. Usually, traditional
fronthaul/backhaul networks are not compatible
with the new, advanced fronthaul/backhaul
equipment. This creates compatibility issues
leading to increasing infrastructure-related
costs and results in the reluctance of
organizations to employ advanced technologies.
However, startup companies who are vendors for
OEMs and established players in this industry are
using highly efficient advanced
fronthaul/backhaul solutions to design and
develop new systems based on the requirements of
their customers.
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COVID-19 Impact on the 5G Fixed Wireless Access
Market As the pandemic has severely hit the
global economy, its impact can be far-reaching
and worse if not contained effectively. Several
industries have been adversely impacted by the
crisis and the global telecommunications industry
is no exception. The developments in wired and
wireless network communication technologies owing
to an exponential rise in data traffic have
resulted in significant investments in 5G
technology by network infrastructure providers.
The COVID-19 spread will certainly delay 5G
rollouts, and subsequently, 5G fixed wireless
access services across the world. Countries such
as China, Japan, South Korea, the UK, Germany,
and the US are leading the deployment of 5G
infrastructures, though the coverage has been
limited to small, densely populated areas only.
2020 could have had been the year of the massive
deployment of 5G infrastructures, specifically 5G
small cells and 5G mobile computing devices in
the absence of the COVID-19. Moreover, high costs
of solutions and supply chain disruptions induced
by the pandemic are also impacting the deployment
of 5G macro cells.
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