Monday, 11 March 2019 22:23

Major growth forecast for global 5G fixed wireless access market Featured

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The global 5G fixed wireless access market is expected to grow from US$396 million in 2019 to US$46,366 million by 2026, at a CAGR of 97.47% from 2019 to 2026, according to a newly released forecast from research firm Research and Markets.

Research and Markets says that major factors driving the growth of the 5G fixed wireless access market include growing demand for high-speed Internet connectivity and broad network coverage with reduced latency and power consumption, increasing adoption of advanced technologies such as machine-to-machine and Internet of Things and millimetre-wave in 5G FWA.

However, according to the research firm, factors such as delay in making decisions related to the standardisation of spectrum allocation, high infrastructure costs and adverse impact on the environment are expected to limit the growth of this market.

Research and Market says 5G FWA services will be a game changer in the telecom industry.

“These services will be commercialised in 2019 in a few countries, such as the US, the UK, Germany, and Japan. Already, in October 2018, Verizon launched 5G FWA services in four major cities in the US, namely, Houston, Indianapolis, Los Angeles, and Sacramento,” the company noted.

“The company is offering a three-month free trial period before paying USD$70 per month (or US$50 per month for existing Verizon customers) and the promise of no data caps. These customers will also receive a free Apple TV 4K or Google Chromecast Ultra device at installation.

“In semi-urban areas, the density of population is sparse and, by definition, remote from central offices. Hence, it requires significantly high investment to connect a subscriber with the network via wireline infrastructure. With high power transmission/reception and advanced antenna technologies, wireless links can effectively reach rural, outskirt areas without major construction work (i.e., only base stations and customer premises equipment need to be installed).”

As reported by iTWire at the beginning of March, Australia has been identified as a leader, among a small group of elite countries, in its progress toward the implementation of 5G networks, acording to a new global benchmarking study from global management consultancy Arthur D.Little.

To access the full Research and Markets research report click here

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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