Fixed Wireless Access Market to Continue Its Strong Growth, Reaching Almost 265 Million Subscriptions by 2029
NEW YORK, April 2, 2024 /PRNewswire/ -- According to the latest findings from ABI Research, a global technology intelligence firm, worldwide Fixed Wireless Access (FWA) subscriptions are on a strong growth trajectory of a 14% CAGR 2023-29 and set to reach almost 265 million by 2029. This growth reflects the expanding role of FWA technology in enhancing connectivity worldwide in both densely populated and remote areas.
"As the demand for a more connected world continues to grow, the performance and efficiency of FWA technology remains a key driver in bridging the connectivity divide, providing high-speed, reliable internet access in both the enterprise and consumer markets," says Larbi Belkhit, 5G, 6G & Open RAN Research Analyst.
5G FWA is expected to account for 45% of the total subscription base by 2029, reaching 118 million at a CAGR of 35%. This marks a significant shift toward more advanced and efficient network technologies. Operators such as Reliance Jio, have committed to reaching 100 million 5G FWA connected premises in India, which is a key driver in growing the 5G subscription base.
"Furthermore, technology advancements in the 5G FWA space are also playing a key role, with ZTE announcing the world's first AI 5G FWA CPE in the market during Mobile World Congress (MWC) in 2024, improving the bandwidth utilization and reducing network congestion of 5G CPEs, further driving the adoption of this technology," Belkhit concludes.
These findings are from ABI Research's Fixed Wireless Access market data report. This report is part of the company's 5G, 6G and Open RAN research service, which includes research, data, and ABI Insights. Market Data reports are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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SOURCE ABI Research
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