According to Juniper Research, around US$2.5 billion will be spent on 5G fixed wireless access services worldwide in 2023 as the benefits will match those of fiber optic networks.
Figures from the research firm show a whopping 480% increase compared to $515 million spent this year as more companies adopt 5G.
5G Fixed Wireless is an alternative to wired connections, where wireless broadband is delivered over radio links between two points. It includes services that provide high-speed Internet connectivity through cellular-enabled devices at the customer’s premises.
“This overwhelming growth will be driven by 5G’s advanced network capabilities, such as: B. extremely low delay and increased data processing to provide connectivity services previously unattainable with 4G technology,” said Juniper Research.
Juniper predicts this increase will continue over the next five years, with 5G fixed-line wireless access service providers expected to generate $24 billion in global revenue by 2027. The consumer market will account for 96% of this spending.
Elisha Sudlow-Poole, research author at Juniper, said, “The benefits of fixed wireless access are now comparable to services using fiber-based networks. Operators have an immediate opportunity to generate revenue from broadband subscriptions directly to end users by offering last mile solutions supported by their existing 5G infrastructure.”
However, Juniper warned, “Operators must provide a compelling user proposition for FWA solutions by bundling services such as video streaming, gaming and smart home security to enrich the user experience and gain competitive advantages over established high-speed connectivity technologies such as fiber to Property.”
In the UK, two fixed wireless access (FWA) companies are bringing 5G connectivity to rural Wales and Dorset.
As part of the Welsh Government’s efforts to ensure all residents have access to fast and reliable digital infrastructure, and as part of the company’s recent collaboration with Vodafone, with whom it is already working to bring 5G connectivity to the Netherlands, supports Effect Photonics with the rollout of 5G FWA services in hard-to-reach areas in Wales.
The Vodafone-led project aims to bring broadband connectivity to 422 homes in Anglesey, an island off the north-west coast of Wales.