The 5G Fixed Wireless Access Market size is projected to grow from USD 503 million in 2020 to USD 86,669 million by 2026 it is expected to grow at a CAGR 135.9% from 2020 to 2026.

Network connectivity and related services have improved dramatically during the last decade. Several SMEs who want complete control over their connectivity while also providing multi-carrier support to their customers require fast networks that can handle high-speed data transmissions. The 5G network technology is capable of providing enough capacity to meet growing data demand. It offers 10 to 100 times more capacity and high-speed data services than that provided by 3G and 4G networks. Therefore, the increasing demand for high-speed broadband services is expected to drive the growth of the 5G fixed wireless access market in the near future.

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The evolution of 5G is projected to take fixed wireless access to a new level using a wide range of radio spectrum. This is expected to enable consumers to achieve major capacity gains and low-latency connectivity. Thus, 5G fixed wireless access is anticipated to enhance the performance capabilities of networks and offer high-speed network coverage than existing connectivity networks.

The growing use of connected devices like smartphones, laptops, and smart devices in a variety of commercial and residential applications like distance learning, autonomous driving, multiuser gaming, videoconferencing, and live streaming, as well as telemedicine and augmented reality, is expected to drive demand for 5G fixed wireless access solutions.

Services segment captures the largest market share

In terms of value, the services category is expected to account for the majority of the 5G fixed wireless access market. Fixed wireless access is predicted to benefit from increased spectrum efficiency and lower cost per bit, which will help it evolve toward 5G services. Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), and Nokia (Finland) are among the network providers bringing fixed wireless access technology to market.

5G fixed wireless access services are expected to witness an increased demand in coming years. Such services include 5G B2B private lines, which generate high average revenue per user (ARPU) and face little competition in the market at present. Despite their high service-level agreement (SLA) requirements, 5G fixed wireless access services are an attractive new market with good potential. They also eliminate the requirement of complex solution integrations and are already commercially available.

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North America to hold the largest market share in 2020

North America is estimated to account for the largest market share, in terms of value, in 2020. North America is one of the leading markets for 5G in the world in terms of research and development, network design/deployment, and the presence of the key players. In North America, the US is considered to have the most engaged user base, which is expected to grow continuously with increase new subscribers. Full-fledged 5G implementation in North America is expected to fuel the market for on-demand video services.