DUBLIN--(BUSINESS WIRE)--The "WTTx Market by Component (Hardware, Platforms and Solutions, and Services), Operating Frequency (1.8 GHz - SUB 6 GHz, 6 GHz - 24 GHz, above 24 GHz), Organization Size (Large and Small-Medium Enterprises), and Region- Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global WTTx market size is projected to grow from USD 4.9 billion in 2022 to USD 33.0 billion by 2027, at a CAGR of 46.4% during the forecast period
Various key players in the ecosystem have led to a competitive and diverse market. Government initiatives to establish smart cities and WTTx-5G deployment coverage in untapped rural and urban regions are expected to drive the adoption of the WTTx market in the future.
Recognizing the significance of high-speed internet to economic development, governments worldwide are pursuing large-scale projects to fund or subsidize the construction of broadband networks in underserved areas. For instance, the Federal Communications Commission's Rural Digital Opportunity Fund (RDOF) awarded USD 9 billion to various wired, fixed wireless, and satellite operators in the US. It also introduced Connected America Fund 2 (CAFFI), whose funding allowed broadband deployment to rural areas.
By component, the customer premise equipment segment to account for a larger market size during the forecast period
Customer Premise Equipment (CPE) is an equipment in networking used to deploy wireless broadband that is kept at the user terminal. CPE devices convert wireless signals, such as 3G, 4G, and 5G, and wired broadband transmissions into LAN signals for usage by terminal devices.
CPE can be considered to be a combination of router and MiFi. CPE is a device that can repeat mobile signals such as 4G signals and issue Wi-Fi signals. It allows various devices to connect to the internet simultaneously by converting 4G/5G signals to Wi-Fi signals and supplying them to hardware devices for networking.
By organization size, the SMEs segment to grow at the highest CAGR during the forecast period
SMEs face a greater challenge of a limited budget than large enterprises and require better methods to resolve complexities and optimize the cost of their business processes. Implementing wireless broadband solutions can help SMEs reduce costs and improve business efficiency.
For less affluent markets and those without 5G coverage, a 4G connection is available as an alternate. Adopting WTTx solutions would reduce service costs and help provide greater coverage, high-speed, and low-latency networks, which would warrant enhanced subscriber experience and growth for SMEs.
Asia Pacific to register the highest growth rate during the forecast period
The investment and participation of Asia Pacific in the development of WTTx technology has made the region a hotspot for this industry. According to the GSMA Mobile Economy report, the region had planned to invest USD 331 billion between 2020 and 2025.
The pandemic has accelerated the adoption of connected, digital solutions to enable business operations efficiently in this region and witnessed the rapid growth of the internet and wireless broadband service users. According to International Telecommunication Union (ITU), internet users in this region increased by 24% between 2019 and 2021. Asia Pacific has emerged as a central hotspot for wireless solutions and services and drives the growth of the WTTx market.
Premium Insights
- Increasing Use of Ecommerce and Mcommerce Platforms to Drive Market Growth
- Large Enterprises Segment to Account for Larger Market Size in 2022
- Large Enterprises Segment to Account for Larger Market Size in 2022
- Large Enterprises Segment to Account for Larger Market Size in 2022
- Asia-Pacific to Achieve Highest Growth During Forecast Period
Market Dynamics
Drivers
- Government Initiatives to Establish Smart Cities
- Wttx-5G Deployment Coverage in Untapped Rural and Urban Regions
Restraints
- Adverse Impact of Millimeter-Wave Frequency Circuitries on Environment
Opportunities
- Wttx Offering Economic Benefits to Mobile Network Operators
- Surge in Cross-Selling Trends of 5G Mobiles and Lower Cost Routers
- Generation of New Revenue Streams for Mobile Operators
- Increased Work from Home Activities Give Rise to Household Broadband Penetration
Challenges
- Maintaining Qos and Integration of Technologies
- Handling Millimeter Waves to Maintain Radio Link Performance
Wttx Market: Supply Chain Analysis
- Ecosystem
- Average Selling Price Model of Market Players
Technology Analysis
- Artificial Intelligence and Machine Learning
- Augmented Reality/Virtual Reality
- Internet of Things
Case Study Analysis
- Case Study 1: Optus Used Ericsson's Solution to Provide Wireless Broadband 5G Services
- Case Study 2: Kddi Delivers Network to Yakusugi by Using Commscope's Solution
- Case Study 3: Zain Ksa Deployed Nokia's Solutions for 5G-Wttx
- Case Study 4: Chunghwa Telecom Reaped Economic Benefits by Deploying Ericsson's Solution
- Case Study 5: Dialog Deployed Huawei's Solutions to Increase Home Broadband Penetration
- Case Study 6: Telenor Group Deploys Eltel Solutions
Company Profiles
Key Players
- Huawei
- Nokia
- Ericsson
- Qualcomm
- Samsung
- Commscope
- Eltel Group
- Airspan
- Inseego
- Gemtek
- Fibocom
- Anritsu
Other Key Players
- Keysight Technologies
- Technicolor
- Lumine
- Remcom
- Cohere Technologies
- Edx
- Kelly
- Digi International
- Blinq Networks
- Avsystem
- Tarana Wireless
- Telrad Networks
- Jaton Technology Limited
For more information about this report visit https://www.researchandmarkets.com/r/fvt00w
