Market Trends of Fixed LTE Industry
Residential Type of User Expected to Account for Significant Share
- The demand for fixed LTE in residential areas took a steep rise because of multiple factors like people turning to work from options, online education, video streaming, webinars, video calling, and more. The service providers realized the need for a robust system to provide users with an interruption-free network. They invested in fixed LTE technology for home or residential users, which is expected to impact the market's growth over the forecast period positively.
- In January 2023, Consistent Infosystems launched Wireless Dual Band 4G Router that works on local ethernet-based WAN and a GSM network. The router will be a boon to people who need remote connectivity or surveillance in farms, fields, warehouses, garages, terraces, etc. but need access to a local ISP or rural locations with restricted local internet.
- In June 2022, Supersonic, the South African ISP (internet service provider), expanded its broadband portfolio by launching Fixed-LTE Home Solutions. The FLTE plans and 5G network technology will serve residents in 125 locations with unlimited data connectivity. Users will be to connect multiple devices to a single access point.
- In October 2022, Bharati Telecom launched the Always On IoT connectivity solution in India, which allows an IoT device to remain connected to a mobile network from different mobile network operators in the eSIM. The connectivity will be helpful in vehicle tracking or in cases where universal connectivity is required for equipment working in remote locations.
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North America Accounts for Significant Share in the Market
- T-Mobile and Verison have dominated North America's home internet market (FWA). According to the third quarter earnings of T-mobile, the telecom had added 0.578 million home internet (FWA) customers to take its total to 2.1 million. During the same period, Verison added 0.234 million FWA users to take its total to more than 0.62 million. Version also provides FWA to businesses and has more than 0.44 million customers for the same.
- Ericsson estimates that North America will have roughly 230 million FWA connections by 2027. In the same study, Ericsson captured the data for 311 global service providers, of which 238 already have a fixed wireless access offering.
- A report by Nokia states that 90% of the US population is connected to network solutions. More than 50% of the telco fixed broadband lines in the United States are powered by Nokia's fixed networks.
- In January 2022, the Government of Canada was investing heavily to connect residents of rural and distant regions to high-speed Internet. The government announced funding for two projects that will bring high-speed Internet to 310 households in rural areas near Flamborough and Limehouse, Ontario. By investing USD 2.75 billion in the UBF (Universal Broadband Fund) Rapid Response Stream, the Canadian government hopes to reach its goal of 100% connectivity by 2030 and connect 98% of Canadians to high-speed Internet by 2026.
- In April 2022, USCellular, in partnership with Qualcomm and Inseego, launched the Home Internet+ solution. The solution provides high-speed internet access wirelessly to residents as well as businesses. This 5G mmWave high-speed internet service will initially be available in parts of 10 cities with a speed output of up to 300 Mbps, a 10 to 15-fold improvement over its 4G LTE home internet speed. More than 12.2 million households can access unlimited 4G, 5G or 5G mmWave in-home connectivity with UScellular's Home Internet service.
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