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5G, as a fixed wireless solution, was not
in focus until companies such as Verizon and AT&T started discussing the
possible impact of 5G FWA on mobile phones, smart homes, connected cars, and
smart cities, among various other applications. These companies also plan to
launch 5G FWA solutions for end users much before the commercial launch of 5G
services.
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The services segment is expected
to account for a larger share of nearly 86% of the 5G fixed wireless access
market by 2026. The evolution of 5G is likely to take fixed wireless access
to a new level with the use of a wide range of radio spectrum owing to which
consumers can achieve major capacity gains and low-latency connectivity. Thus,
5G FWA is likely to enhance network performance capabilities and deliver
high-speed network coverage compared to currently used connectivity networks. Further,
increasing adoption of connected devices, such as smartphones, laptops, smart
devices in several commercial and residential applications, such as distance
learning, autonomous driving, multiuser
gaming, videoconferencing, live
streaming, telemedicine, and augmented reality is expected to generate the
demand for 5G FWA solutions to achieve extended coverage.
Semi-urban areas are likely to account for the
largest share of the 5G fixed wireless access market during the
forecast period. In general, it is challenging to upgrade or deploy the
foundation infrastructure in urban and semi-urban areas due to the high cost of
projects in civil works and complexities associated with high-rise buildings.
FWA could overcome the challenge by providing a wireless connection with high
throughput and low latency everywhere, whether replacing aging wireline
infrastructure or establishing a connection with a new network node.
North America is one of the
leading markets for 5G in terms of R&D, network design/deployment, and
presence of key players. In North America, the US is considered to have the
most engaged user base, which is expected to grow with new subscribers.
Full-fledged 5G implementation in North America is expected to boost on-demand
video services. In the current scenario, the market for such services is
continuously growing. The proliferation of 5G networks in the region is
increasing mainly due to the presence of key market players.
For instance, Qualcomm Technologies (US), Mimosa Networks, Inc. (US),
Cohere Technologies, Inc. (US), Cellular South, Inc. (C Spire) (US), TELUS
Corporation (Canada), United States Cellular Corporation (US), AT&T Inc.
(US), Verizon Communications Inc. (US), Cisco (US) are among a few major
companies in the 5G market that are actively participating in the development
of 5G FWA solutions.
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Rising demand for 5G FWA networks from varied industries, remarkable
progress in telecommunications and networking technologies, escalating the demand
for IoT and cloud-based services, development of the 5G network, strategic partnerships with system integrators in
emerging economies are some of the major opportunities companies have in the 5G
fixed wireless access market. The 5G network plays an integral role in meeting
various requirements for several connected devices and numerous sensors that
are being deployed. Increasing demand for
advanced network connectivity to effectively avail IoT and cloud-based services
creates significant growth opportunities for 5G FWA providers.
The 5G FWA network offers features such as high-speed data transfer rate,
low latency, and consistent connectivity. All these features are useful across
various industrial sectors. In smart cities, there are dense arrays of wireless
sensors that enable various services and applications, right from environmental
services and pollution monitoring to security surveillance, traffic management,
and smart parking, among many others. Apparently,
the 5G network plays an integral role in meeting various requirements of
several connected devices and numerous sensors that are being deployed. Furthermore, in the healthcare sector, the 5G
network could become a revolutionary development. For instance, in an
emergency, the 5G network can help avail services such as telemedicine and
emergency care providers. The wide adoption of the 5G network in different
business segments would further increase opportunities for the 5G FWA market.
