Fixed Wireless Access Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The fixed wireless access market is expected to register a CAGR of 73.4% over the forecast period (2021 - 2026). The demand for internet connectivity among various households has been increasing with the growth in connected devices. According to Intel estimates, the number of connected devices is expected to grow to 50 billion by 2020. Additionally, the wearable technology has been increasing in various emerging economies, which further contributes to the need for better wireless broadband connectivity. Some of the prominent factors driving the growth of wireless technology over the years have been the regularly changing standards set for improving the features of fixed wireless access.

• Additionally, with the steady evolution of wireless broadband technology over the past decade, it keeps pace with advances in standards set by the Institute of Electrical and Electronics Engineers (IEEE). These standards are modernized regularly in order to improve the network throughput in terms of maximum speed and transmission capability. These upgradations have given the companies in the market the means to strive for innovation and successfully satisfy the customers' demand for higher bandwidth and faster internet.
• Moreover, the increasing demand for faster internet connectivity among consumers, owing to the data size becoming bigger and the rise in the number of devices being connected to the device, is spurring the demand for fixed wireless access with effective connectivity.
• Further, growing trends responsible for the rise in the number of connected devices and increasing focus and implementation of smart homes using smart devices are expected to fuel the market demand during the forecast period. Moreover, the increasing adoption of smart home architecture across the world that includes remote access, voice control, and seamless connectivity further drives the demand in the market studied.
• Furthermore, with the 5G network launch, the emerging economies in the Asia-Pacific region are expected to propel the market for fixed wireless access during the study period. According to the Ericsson Mobility Report (November 2019), Southeast Asia and Oceania witnessed 5G networks' launch for fixed wireless access. Multiple 5G trials have also been carried out in several other countries in the region, with some Southeast Asia markets waiting for spectrum allocations to launch 5G.
• Amid the COVID-19 crisis, fixed wireless access (FWA) solutions are likely to witness increased demand and fill in fiber broadband networks. This results from a sudden and widespread explosion in telecommuting by employees across the world who can work from home. According to Preseem, a quality monitoring and optimization platform for fixed wireless networks, the increased demand is especially significant during the business hours. Especially in California, increased internet usage has been consistently over 40%