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5G Fixed Wireless Access Market size is set to grow by USD 110.76 billion from 2024-2028, Government initiatives for high-speed internet network connectivity boost the market, Technavio

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NEW YORK, May 30, 2024 /PRNewswire/ — The global 5G fixed wireless access market  size is estimated to grow by USD 110.76 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  35.95%  during the forecast period. 

For more insights on the forecast market size and historic data (2021 – 2022) – Download a Sample Report

Segment Overview 

Type 1.1 Services1.2 HardwareApplication 2.1 Residential2.2 Commercial2.3 Industrial2.4 GovernmentGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Services-  The 5G fixed wireless access market caters to diverse user needs and industries, primarily focusing on high-speed Internet connectivity for residential, enterprise, and industrial sectors. FWA, a popular 5G application, offers affordable wireless network connectivity, eliminating the need for physical infrastructure.

In 2022, US broadband providers served 3.5 million users with FWA, with 3.2 million added by MNOs T-Mobile and Verizon. FWA provides larger bandwidth, faster speeds, and reduced latency, making it an attractive alternative to slower wireline connections. Businesses can also use FWA as a backup link for network resilience. The growing adoption of FWA is expected to boost the global 5G fixed wireless access market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

5G Fixed Wireless Access Market Scope

Report Coverage

Details

Base year

2023

Historic period

2021 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 35.95%

Market growth 2024-2028

USD 110.76 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

35.33

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, South Korea, UK, and Spain

Key companies profiled

AT and T Inc., Ceragon Networks Ltd., Cisco Systems Inc., Cohere Technologies, CommScope Holding Co. Inc., Huawei Technologies Co. Ltd., Inseego Corp., nbn co ltd., Nokia Corp., Qualcomm Inc., Reliance Industries Ltd., Samsung Electronics Co. Ltd., Singapore Telecommunications Ltd., Telapex Inc., Telefonaktiebolaget LM Ericsson, Telephone and Data Systems Inc., Ubiquiti Inc., Verizon Communications Inc., Vodafone Group Plc, Wireless Excellence Ltd., and ZTE Corp.

Market Driver

The integration of 5G Fixed Wireless Access (FWA) with edge computing is a significant trend in the global 5G FWA market. Edge computing processes data near the source, reducing latency and enhancing application performance. This convergence enables real-time applications like AR, VR, autonomous vehicles, remote healthcare, and smart city infrastructure. It also supports industrial applications, such as predictive maintenance and automation, improving efficiency.

The distributed architecture optimizes network bandwidth and reduces centralized data center burden, enabling scalable and efficient data processing. This integration is crucial for industries requiring low-latency, high-bandwidth applications, revolutionizing how networks are utilized. 

The 5G Fixed Wireless Access market is experiencing significant growth, driven by the deployment of 5G technology and the increasing demand for high-speed internet connections. Urban and rural areas are seeing the implementation of 5G networks, providing faster and more reliable connectivity for businesses and consumers.

The segment is also witnessing the integration of devices and conferencing systems, enabling remote work and virtual meetings. The use of 5G in smart cities and IoT applications is another trend, contributing to the market’s expansion. The sector is expected to continue growing, with devices and coverage expanding in the coming years. 

Market Challenges

•         The global 5G fixed wireless access market faces challenges in spectrum availability and allocation. Demand for suitable spectrum exceeds resources, leading to competition and regulatory hurdles. Millimeter-wave bands offer high data transfer rates but have limitations in signal propagation and range. Acquiring licenses for these bands is complex due to limited availability and potential interference concerns.

•         Mid-band spectrum is crucial for 5G FWA due to its balance between coverage and capacity. However, spectrum allocation policies, regulatory bottlenecks, and the need to repurpose existing spectrum pose challenges to timely availability, impacting 5G network rollout and expansion. These factors hinder market growth during the forecast period.

•         The 5G Fixed Wireless Access market is gaining momentum, offering faster internet speeds and improved connectivity. However, challenges persist in its implementation. One major issue is the need for robust backhaul connections to support high-bandwidth applications. Cost and availability of spectrum are also concerns.

•         Additionally, ensuring consistent and reliable coverage in densely populated areas is a challenge. Furthermore, security and privacy concerns must be addressed to ensure user data is protected. Overall, while 5G Fixed Wireless Access presents significant opportunities, addressing these challenges is crucial for its successful deployment.

Research report provides comprehensive data on impact of trend, driver and challenges – Request a sample report!

Research Analysis

The 5G Fixed Wireless Access (FWA) market is experiencing significant growth as Small and Medium Enterprises (SMEs) in emerging economies seek to enhance their network coverage and connectivity. This technology, which utilizes radio spectrum for broadband services, is essential for powering distance learning, autonomous driving, multiuser gaming, telemedicine, and augmented reality applications.

Platform providers and mobile operators are collaborating to build the 5G ecosystem, which includes infrastructure-related costs for fronthaul and backhaul networks. T3 broadband and mmWave spectrum are key components of 5G FWA, enabling ultra-fast broadband services and smart city development. Private 5G networks offer businesses increased control and security, making them an attractive option for organizations seeking to optimize their operations.

Market Research Overview

The 5G Fixed Wireless Access (FWA) market represents the latest trend in broadband connectivity, leveraging 5G technology to deliver high-speed, low-latency internet services without the need for physical cables. FWA uses outdoor units to receive 5G signals and convert them into Wi-Fi or Ethernet for indoor use. This technology is particularly beneficial in areas with limited or no access to wired broadband infrastructure.

The FWA market is expected to grow significantly due to increasing demand for reliable, high-speed internet connections, especially in remote and rural areas. Additionally, the ongoing global shift towards remote work and online learning further boosts the market’s growth. The FWA market encompasses various components, including 5G base stations, outdoor units, and indoor CPEs (Customer Premises Equipment).

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeServicesHardwareApplicationResidentialCommercialIndustrialGovernmentGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Inspur Smart Healthcare Participates in GITEX IMPACT 2024 Exhibition

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DUBAI, UAE, Dec. 23, 2024 /PRNewswire/ — From October 13th to 16th, the GITEX IMPACT 2024, Dubai’s Carbon Neutrality and Technology Exhibition, was held in Dubai. Organized by the Ministry of Economy and Ministry of Tourism of the United Arab Emirates, the exhibition focused on the forefront of sustainable development technologies, encompassing a wide range of sectors including construction, oil and gasoline, energy, and healthcare. It stands as one of the largest technology exhibitions in the Middle East and globally. Inspur Smart Health was invited to participate, showcasing its core products and cases of empowering the digital and intelligent transformation of the healthcare industry at the exhibition.

At the exhibition site, Inspur Smart Health introduced a series of products and solutions to government agencies and medical institutions, including the Health and Medical Big Data Intelligent Platform, Inspur Medical Industry International Trade Platform, Integrated Healthcare and Long-term Care Platform, Health Examination Center Solutions, Medical Group Information Management Platform, Internet Hospitals. These presentations comprehensively demonstrated Inspur Smart Health’s product innovation advantages and service capabilities.

Through this “debut” in the Middle East and even the global market, Inspur Smart Health has laid a solid foundation for further expanding its overseas “circle of friends” and establishing international brand recognition. In the future, Inspur Smart Health will continue to leverage its technological advantages in big data and artificial intelligence, constantly enhance the internationalization level of its products and solutions, deepen the exploration of overseas markets, and contribute to the thriving development of the global medical digital industry.

View original content:https://www.prnewswire.com/apac/news-releases/inspur-smart-healthcare-participates-in-gitex-impact-2024-exhibition-302338199.html

SOURCE Shandong Inspur Intelligent Medical Technology Co., Ltd.

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UNIVERSAL MUSIC GROUP AND AMAZON MUSIC EXPAND GLOBAL RELATIONSHIP

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Reflects New Era in Music Streaming, Including Artist-Centric Principles and Furthering Authentic Engagement Between Artists and Fans

SANTA MONICA, Calif., Dec. 23, 2024 /PRNewswire/ — Universal Music Group (UMG), the world leader in music-based entertainment, and Amazon Music today announced an expanded global relationship that will enable further innovation, exclusive content with UMG artists, and advancement of artist-centric principles including increased fraud protection.

UNIVERSAL MUSIC GROUP AND AMAZON MUSIC EXPAND GLOBAL RELATIONSHIP

This reflects the two companies’ shared commitment to advancing and safeguarding human artistry, while ensuring UMG’s artists achieve their commercial potential through the service’s continued product enhancements and exclusive content that elevate authentic engagement between artists and fans.  

UMG and Amazon Music will work closely to explore new and enhanced product opportunities designed to benefit artists and enrich the experience of their fans. UMG will also collaborate with Amazon Music as it continues to expand in audio, including further innovation in audiobooks, audio and visual programming, and its investment in livestreamed content that has connected millions of fans with their favorite artists across all genres and corners of the world. UMG and Amazon will also work collaboratively to address, among other things, unlawful AI-generated content, as well as protecting against fraud and misattribution.

Sir Lucian Grainge, Chairman & CEO, Universal Music Group said, “We are very excited to advance our long-standing, excellent partnership with Amazon Music that marks a new era in streaming—Streaming 2.0. We appreciate Amazon Music’s deep commitment to the interests of our artists, and look forward to progressing our shared artist-centric objectives through product innovation and accelerating growth of their service.”

Steve Boom, VP of Audio, Twitch and Games for Amazon said, “UMG has always been a collaborative partner to Amazon Music, and as we continue to invent and introduce more artist-to-fan connections through our product and exclusive content, we’re redefining what it means to be a streaming service. We’re thrilled to expand our relationship with UMG which will enable us to partner on meaningful new ways for artists to deepen their engagement with fans around the world, while working together to protect the work of artists, songwriters and publishers.”

Notes to editors:

About Universal Music Group
Universal Music Group exists to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.

About Amazon Music
Amazon Music is an immersive audio entertainment service that connects fans, artists, and creators through music, podcasts, and culture. Amazon Music brings fans closer to what they love, with curated and personalized playlists, artist livestreams, artist merch, and Amazon Exclusive podcasts. Prime members get access to over 100 million songs in shuffle mode, All-Access playlists, plus the largest catalog of top ad-free podcasts, included with their membership. Customers can upgrade to Amazon Music Unlimited for full, on-demand access to 100 million songs in HD, a growing catalog of Ultra HD and Spatial audio, and the world’s largest selection of audiobooks from Audible. Anyone can listen to Amazon Music by downloading the free Amazon Music app, or wherever they listen to music including Alexa-enabled devices. Learn more at amazon.com/music.

View original content to download multimedia:https://www.prnewswire.com/news-releases/universal-music-group-and-amazon-music-expand-global-relationship-302338093.html

SOURCE Universal Music Group

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Repurchase of Loomis’ shares during the fourth quarter 2024 completed

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STOCKHOLM, Dec. 23, 2024 /PRNewswire/ — Loomis AB has through the repurchase program that was resolved and communicated on October 28, 2024, repurchased 590,100 shares. Loomis AB’s holding of own shares thereby amounts to 2,514,653 shares, corresponding to 3.54 percent of the outstanding shares in the company. The total number of shares in Loomis AB, including the company’s own shares, amounts to 71,000,000.

For information about transactions in the repurchase program, please see:
https://www.nasdaq.com/european-market-activity/news/corporate-actions/repurchase-of-own-shares.

This press release is also available on the company’s website, www.loomis.com.

For more information, please contact:

Jenny Boström
Head of Sustainability and IR
jenny.bostrom@loomis.com 
+46 79 006 45 92

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/repurchase-of-loomis–shares-during-the-fourth-quarter-2024-completed,c4086142

The following files are available for download:

https://mb.cision.com/Main/51/4086142/3187900.pdf

Repurchase of Loomis’ shares during the fourth quarter 2024 completed

 

View original content:https://www.prnewswire.com/news-releases/repurchase-of-loomis-shares-during-the-fourth-quarter-2024-completed-302338207.html

SOURCE Loomis AB

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