The Fixed Wireless Access market is poised for strong growth, with nearly 265 million subscriptions projected by 2029, according to the latest data from ABI Research. The global technology intelligence firm highlighted a 14% Compound Annual Growth Rate (CAGR) from 2023 to 2029, signifying the increasing significance of FWA technology in bolstering connectivity worldwide, catering to both urban and remote regions.
Larbi Belkhit, a Research Analyst specializing in 5G, 6G, and Open RAN at ABI Research, emphasized the pivotal role of FWA technology in meeting the escalating demand for a more interconnected world. The efficiency and performance of FWA technology are crucial in addressing the connectivity gap, offering reliable, high-speed internet access for businesses and consumers alike.
The report predicts that 5G FWA will represent 45% of the total subscription base by 2029, reaching 118 million subscriptions at a remarkable CAGR of 35%. This shift towards advanced and efficient network technologies underscores the industry’s evolution. Notable operators like Reliance Jio have committed to connecting 100 million premises with 5G FWA in India, propelling the growth of 5G subscriptions.
Moreover, technological advancements in the 5G FWA sector are driving adoption rates. For instance, ZTE unveiled the world’s first AI-powered 5G FWA CPE during the 2024 Mobile World Congress, enhancing bandwidth utilization and reducing network congestion. These innovations are expected to further accelerate the adoption of 5G FWA technology.
ABI Research’s extensive market data report on Fixed Wireless Access offers detailed insights into the sector’s growth trajectory. Positioned within the company’s 5G, 6G, and Open RAN research service, the report provides comprehensive data, market share analysis, and specialized forecasts tailored to unveil opportunities within the industry.
As a global technology intelligence firm, ABI Research serves as a bridge between technology solution providers and end-market companies, delivering exclusive research and expert guidance to facilitate successful technology implementations and customer retention strategies.
For more information on ABI Research’s services, reach out to their global contact numbers or visit their official website.
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Global
Deborah Petrara
Tel: +1.516.624.2558
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Source: www.prnewswire.com
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