5G Fixed Wireless Access Market to Surpass US$ 121 Billion by 2032 Amid Increased Adoption of Connected Devices

ROCKVILLE, Md., Nov. 22, 2022 /PRNewswire/ -- The global 5G fixed wireless access market is estimated to reach US$ 3.3 Billion in 2022. Sales are anticipated to surpass US$ 121 Billion, registering growth at a staggering 43.6% CAGR during the forecast period (2022-2032).

Increasing usage of connected devices such as smartphones, laptops, and smart devices in numerous applications such as distant learning, autonomous driving, multi-user gaming, video conferencing, and live streaming, as well as telemedicine and augmented reality, is predicted to drive the need for fixed wireless connection solutions for 5G to achieve wider coverage.

5G network software can provide adequate capacity to increase data traffic. In comparison to 3G and 4G networks, it offers high-speed data services with 10 to 100 times higher bandwidth. Therefore, the market for 5G fixed wireless connectivity is anticipated to rise at a whopping rate on the back of rising demand for high-speed internet services.

The improved network capabilities of 5G, such as ultra-low lag and greater data processing to enable connectivity services that were previously impossible with 4G technology, will be the primary driver of this astonishing expansion.

Download A Free Sample Copy of this Report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=7382

Regionally, North America 5G fixed wireless access market is expected to account for lion's share during the forecast period. Growth is attributed to surging demand for high-speed Internet access along with increased spending on fixed wireless connections.

Sales in the U.S. 5G fixed wireless access market are anticipated to reach US$ 43.2 Billion by 2032. Demand in the country is anticipated to surge as the government in U.S. is improving the funding and efforts to provide high-speed internet at an affordable rate. Further, presence of leading internet providers in the U.S. such as AT&T, and others will drive the demand.

Key Takeaways:

Growth Drivers:

Restraints:

Get Customization on this Report for Specific Research Solutions

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7382

Competitive Landscape:

Key players in the market are focusing on product launches to expand their product portfolio. They are also engaging in several inorganic strategies such as mergers and acquisitions to strengthen their market position. As per the study, due to the presence of numerous key players, the market is predicted to be extremely competitive.

Meanwhile, some of the players are forming alliances and launching new initiatives to gain competitive edge. Some of the recent developments are given as follows:

Key Companies Profiled by Fact.MR

Complete list available upon request*

More Valuable Insights on 5G Fixed Wireless Access Market

In the latest study, Fact.MR offers a detailed study on global 5G fixed wireless access market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of 5G fixed wireless access through detailed segmentation as follows:

By Offering:

By Operating Frequency:

By Demography:

By Application:

By Region:

Get Access to the Full Report Here

https://www.factmr.com/checkout/7382

Key Questions Covered in the 5G Fixed Wireless Access Market Report

Explore Fact.MR's Coverage on the Technology Domain

Wireless Broadband in Public Safety Market: As per Fact.MR, the global wireless broadband in public safety market is projected to reach US$ 240.1 Billion in 2032 and exhibit growth at a CAGR of 24.8% in the forecast period from 2022 to 2032. Growing usage of connected devices and sensor integration, along with public safety concerns, is propelling growth in the global wireless broadband market for public safety.

Wireless Communication Equipment Market: The global wireless communication equipment market is being driven by rising demand for mobile connectivity and improvement in Internet speed. Additionally, increasing concerns for safety and security benefits the worldwide wireless communication equipment market.

Wireless Network Test Equipment Market: The global wireless network test equipment market is expected to witness staggering growth at 7.6% CAGR during the forecast period (2022-2032). Demand in the market is attributed to the growing penetration of internet and adopting of digital services fueling the sales at US$ 9.1 Billion by the end of 2032.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

Contact: 

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
E: [email protected]

Follow Us: LinkedIn | Twitter | YouTube

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/5g-fixed-wireless-access-market-to-surpass-us-121-billion-by-2032-amid-increased-adoption-of-connected-devices-301685069.html