The Worldwide Mobile and Wireless Backhaul Industry is Expected to Grow to $15.5 Billion by 2026 at a CAGR of 8.8% from 2020
DUBLIN, April 15, 2021 /PRNewswire/ -- The "Mobile and Wireless Backhaul Market by Component (Equipment and Services[Designing & Consulting, Integration & Deployment]), Equipment (Microwave, Millimetre Wave, Sub-6 Ghz), Network Technology (5G, 4G, and 3G & 2G), and Region - Global forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global Mobile and wireless backhaul market size is expected to grow from USD 9.3 billion in 2020 to USD 15.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.
The small cell technology enables CSPs to deploy sites in dense locations with smaller coverage but higher capacities, along with reducing the congestion on macro cells. The deployment of small cells will significantly reduce operational costs, which is a driving factor for shifting focus on technology advancement. Hence, with the increasing deployment of small cells and network components, the need for scalable, efficient, and cost-effective backhaul solutions is increasing, and the traction of the mobile and wireless backhaul market has also increased.
By Network technology, the 5G segment to grow at the highest CAGR during the forecast period
By network technology, the 5G segment is expected to grow at the highest growth rate during the forecast period. 5G can handle higher frequency bands between 30GHz and 300GHz. The higher frequencies enable wider channel bandwidths at the access but also result in smaller cell size. 5G is said to reach speeds that are 20 times faster than 4G LTE, theoretically achieving speeds of 20GB per second. The advent of 5G has driven mobile operators to strive for more network capacity, latency reduction, and the need to deliver an enhanced user experience.
By Equipment, the Microwave segment to hold the largest market size during the forecast period
Microwave equipment is expected to hold the largest market size. Microwave equipment holds a major portion of the total mobile and wireless backhaul equipment market. Factors, such as reduced TCO and faster deployment, lead to the rise in microwave equipment deployment. Being a cost-effective choice in place of fiber, mobile operators using microwave backhaul equipment are deploying solutions for increasing capacity to provide cost-effective, high capacity backhaul solutions.
By region, Asia Pacific to grow at the highest CAGR during the forecast period
The Asia Pacific (APAC) market is projected to grow at the highest CAGR during the forecast period. Government initiatives to promote the digital infrastructure are responsible for driving the adoption of high-performance and high-capacity backhaul solutions in the region. In APAC, the real opportunity for backhaul deployments lies particularly in regions where there are high utilization of 4G and 5G networks. This, in turn, provides tremendous opportunities for mobile and wireless backhaul vendors as there are huge amounts of data hat require to be backhauled and with the least amount of latency. The major contributors to the APAC mobile and wireless backhaul market are China and Japan.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Mobile and Wireless Backhaul Market, by Component
7 Mobile and Wireless Backhaul Market, by Equipment
8 Mobile and Wireless Backhaul Market, by Service
9 Mobile and Wireless Backhaul Market, by Network Technology
10 Mobile and Wireless Backhaul Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Adjacent/Related Markets
For more information about this report visit https://www.researchandmarkets.com/r/d1i8wo
Research and Markets
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SOURCE Research and Markets