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WTTx Market Trends

  • Report ID: GMI8469
  • Published Date: Mar 2024
  • Report Format: PDF

WTTx Market Trends

The WTTx industry has witnessed significant technological advancements. WTTx benefits significantly from advancements in wireless technology. 5G offers significantly faster speeds, reduced latency, and higher network capacity than previous generations of mobile communications technologies. This enables WTTx to handle a larger set of applications, such as high-definition video streaming, virtual reality, and the Internet of Things (IoT), all of which demand high bandwidth and low latency. Along with this, WTTx technology is rapidly being combined with other developing technologies, such as cloud computing, Software-Defined Networking (SDN), and Network Function Virtualization (NFV). This integration enables more effective network administration, better resource allocation, and the development of new and creative services that take advantage of the combined capabilities of these technologies. For instance, in July 2023, Ericsson and Telefónica deployed 5G fixed wireless access in Spain. Ericsson's 5G standalone (5G SA) technology drove Movistar's 5G+ network expansion across 11 cities in Spain. By utilizing Ericsson's 5G Radio System and MINI-LINK microwave transmission solutions, this initiative aims to provide fast internet connectivity to rural and underserved regions. This deployment underscores the role of 5G technology in improving WTTx capabilities and narrowing the digital gap.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for WTTx was USD 5.2 billion in 2023 and is expected to register over 35.5% CAGR from 2024-2032 owing to the increasing demand for wireless broadband along with the proliferation of smartphones, online video streaming, and the rise of cloud-based applications worldwide.

WTTx industry from the hardware segment recorded over 55% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to hardware having a limited life cycle and needing to be replaced regularly.

North America industry held over 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing adoption of 5G networks, for their faster speeds and reduced latency in the region.

Airspan, Cisco, CommScope, Digi International, Ericsson, Huawei, Inseego, Nokia, Qualcomm, and Samsung, are some of the major WTTx companies worldwide.

WTTx Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 25
  • Pages: 240
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