The global market for 5G fixed wireless service in 2020 was 503 Million US dollars which will increase at 135.9% yearly growth to over 86 Billion dollars by 2026 according to Markets and Markets 5G Fixed Wireless Research Report. 

The research discovered that the availability of fixed wireless broadband (FWB) will help to increase the growth of the machine-to-machine (M2M) and Internet of Things (IoT) marketplaces. The spread of COVID 19 emergency regulations such as work at home and online education has also accelerated the work-from-home culture accelerating the FWB marketplace growth.

5G Fixed Wireless Access Market Drivers:

Increasing demand for high-speed Internet connectivity and broad network coverage with reduced latency and power consumption

5G network technology is capable of offering sufficient bandwidth to support increasing data traffic. 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 near future.

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.

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