The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
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LONDON, GREATER LONDON , UK, November 13, 2023 /EINPresswire.com/ — The global mobile and wireless backhaul market is poised to experience substantial growth, with the market size anticipated to expand from $22.89 billion in 2022 to $26.11 billion in 2023, showcasing a compound annual growth rate (CAGR) of 14.1%. Despite the disruptive impacts of the Russia-Ukraine conflict and the ongoing repercussions of the COVID-19 pandemic, the market is projected to witness remarkable expansion, reaching $44.1 billion by 2027, with a CAGR of 14.0%.
Key Trend: Growth in Mobile Subscriber Count
The significant upsurge in the mobile subscriber count stands as a key trend driving the popularity of the mobile and wireless backhaul markets. The widespread adoption of smartphones and enhanced connectivity has led to a considerable increase in the number of individuals using mobile internet services globally. Global internet connectivity has improved significantly, resulting in a surge in mobile data traffic. This heightened demand for network bandwidth has compelled mobile carriers to upgrade their data transmission methods to cater to the growing demand for high capacity and provide exceptional services. According to the Ericsson Mobility Report published in 2022 by Telefonaktiebolaget LM Ericsson, it is expected that there will be 6.7 billion unique mobile customers by the end of the forecast period, up from 6.1 billion in 2021. Smartphone-related subscriptions continue to grow, expected to reach 7.8 billion by 2027, constituting 87 percent of all mobile subscribers. This substantial increase in the mobile subscriber count is driving the growth of the mobile and wireless backhaul markets.
For a comprehensive analysis of the global mobile and wireless backhaul market, access the sample report here:
Notable Trend: Increasing Technological Innovations
The increasing focus on technological innovations stands as a notable trend gaining prominence in the mobile and wireless backhaul markets. Key companies operating within these markets are dedicated to developing new technological solutions to strengthen their market position. In May 2020, Intelsat S.A., a Luxembourg-based satellite services provider, introduced Intelsat CellBackhaul, a novel end-to-end managed service that enables Mobile Network Operators (MNOs) to offer swift and cost-effective 4G and 5G broadband coverage to all Americans, including those residing, working, and traveling in rural areas across the country. Notably, Intelsat operates the largest integrated satellite and terrestrial network globally.
Key Market Segments and Major Players
The global mobile and wireless backhaul market is segmented based on:
• Component: Equipment, Services
• Network Technology: 3G and 2G, 4G, and 5G
• Application: Financial Services, Medical, Retail, Media, Government, Communication, Public Utilities, Other Applications
Prominent players driving the mobile and wireless backhaul market include ZTE Corporation, Huawei Technologies Co. Ltd., Tellabs Broadband LLC, Broadcom Corporation, Cisco Systems Inc., Brocade Communications Systems Inc., Alcatel-Lucent Enterprise, Fujitsu General Electronics Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Ceragon Networks Ltd., Tellabs Broadband LLC, AT&T Inc., Bridgewave Communications Inc., Tellabs Inc., and NEC Corporation.
While North America presently commands the largest share in the mobile and wireless backhaul market, the analysis encompasses a comprehensive evaluation of various key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
For a comprehensive analysis of the global mobile and wireless backhaul market, access the complete report here:
Mobile And Wireless Backhaul Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Mobile And Wireless Backhaul Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on mobile and wireless backhaul market size, mobile and wireless backhaul market drivers and trends, mobile and wireless backhaul market major players, mobile and wireless backhaul market competitors’ revenues, mobile and wireless backhaul market positioning, and mobile and wireless backhaul market growth across geographies. The mobile and wireless backhaul market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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