One of the most promising technologies poised for significant growth in 2024 is Fixed Wireless Access (FWA). With the increasing demand for high-speed internet connectivity in both urban and rural areas, FWA emerges as a cost-effective and efficient solution to bridge the digital divide. As we delve into the projections for FWA and the accompanying telco cloud infrastructure software growth, it becomes evident that these sectors are set for substantial expansion in the coming years.
Understanding Fixed Wireless Access (FWA)
Fixed Wireless Access (FWA) is a wireless broadband technology that enables high-speed internet connectivity to residential and business premises using wireless networks. Unlike traditional wired connections such as fiber or cable, FWA delivers internet access through radio signals transmitted from a fixed point to a receiver located at the user’s premises. This technology eliminates the need for costly infrastructure deployment, making it particularly attractive in underserved or remote areas where laying cables is not feasible.
Growth Projections for FWA
FWA connections are expected to grow significantly in the coming years, according to Ericsson’s Mobility Report. The expected growth is driven by the deployment of 5G networks as well as the increase in demand for high-speed broadband services. It is projected that FWA connections will reach over 180 million globally by 2024 with a substantial portion of that growth attributed to emerging markets.
Telco Cloud Infrastructure Software Growth
Another market expected to see expansion is the telco cloud infrastructure software market, and just as FWA, the growth is expected to be rapid. According to IDC, global revenue for telco cloud infrastructure software is projected to reach $27.3 billion by 2024. This marks a significant uptick in adoption and investment of cloud-native telecom solutions.
Driving Factors for Growth
Several factors contribute to the projected growth of FWA and telco cloud infrastructure software. These factors are:
- 5G Expansion: The rollout of 5G networks accelerates the deployment of FWA solutions, offering faster speeds and lower latency compared to previous generations.
- Rural Connectivity: FWA addresses the need for broadband connectivity in rural and underserved areas, where traditional wired infrastructure is often lacking.
- Cost-Effectiveness: FWA eliminates the need for costly infrastructure deployment, making it a cost-effective solution for expanding broadband access.
- Cloud-Native Solutions: Telco cloud infrastructure software offers scalability, agility, and cost-efficiency to telecom operators, driving adoption across the industry.
The outlook for Fixed Wireless Access and telco cloud infrastructure software is undeniably positive as we head into 2024 alongside the continued expansion of 5G networks and increasing demand for high-speed internet connectivity. FWA and telco cloud infrastructure software play pivotal roles in supporting the scalability and efficiency of telecom operations and are poised to reshape the telecommunications industry with new opportunities for connectivity worldwide.
The convergence of Fixed Wireless Access and telco cloud infrastructure software sets the stage for transformative growth and innovation in 2024 and beyond. To ensure your organization stays on the trajectory of growth, be sure to contact GeoTel and receive relevant and reliable telecommunications geospatial information.
Written By: Valerie Stephen
