Fixed wireless access (FWA) technologies haven’t made any significant headway, it seems. This is despite the unmet need from the low access of fixed line broadband to home users. Sizeable percentage of homes world over lack access to DSL, cable, or fiber. Having said that, 5G fixed wireless access has risen in popularity as the technology to get a reliable internet connection, more akin to getting a cheap broadband connection. Added advantages are unarguably better performance and almost unlimited data usage.
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Fixed Wireless Access Technologies to see Sizeable Investments
Current and emerging slew of 3GPP (3rd Generation Partnership Project) operators across the world are leveraging the potential of 5G fixed wireless access to reap attractive profits and attract new customers. They are also benefitting from advances in radio technology. These developments fuel investment in 5G FWA, driving the growing potential of the market from 2019 to 2028.
Several technological advances will keep the global 5G FWA market lucrative. For one, 5G networks witness growing number of use cases of the technology. A large part of the momentum is likely to come from rising demand from households, and small and medium-sized enterprises. Stakeholders aiming at leveraging the business value of 5G networks are providing high-speed internet for 5G New Radio and LTE to these end users.
Telecom Companies launching 5G in Coming Months to Leverage Potential
The prospect of 5G mobility enabled by FWA is one of the compelling propositions driving demand in the global 5G FWA market. Telecom companies in various parts of developed and developing countries planning to launch 5G in near future is driving the market. One of the companies at the forefront is Verizon Wireless, which has been fast expanding its customer base in the cities of the U.S.
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However, the lack of mobile devices notably smartphones compatible with 5G FWA has posed a marked challenge. Other globally prominent companies which have jumped into the bandwagon are AT7T and Rivals Sprint. The companies intend to launch 5G sometime in 2019. Rapid expansion across developed markets will lay a robust framework for the overall growth of the global 5G FWA market.