Mobile and Wireless Backhaul Market to grow $22.0 billion by 2023
According to a new market research
report "Mobile and Wireless Backhaul
Market by Equipment (Microwave, Millimeter Wave, Sub 6 GHZ,
Test and Measurement), by Services (Network, System Integration, Professional)
- Worldwide Market Forecasts and Analysis to 2015 - 2020", the market is estimated to grow from USD
17.85 Billion in 2015 to USD 33.15 Billion by 2020, at an estimated compound
annual growth rate (CAGR) of 13.18% from 2015 to 2020.
The growing
need to remain connected and increasing adaption rate of 3G and 4G (Long-Term
Evolution) networks has enhanced the market of mobile and wireless backhaul.
Increasing usage of smart phones and tablets has increased the mobile data
traffic and this has fueled the market for a fast and reliable connectivity.
Technical advancements such as small cells, has to quench the high bandwidth
needs.
Browse 87 market data
tables and 45 figures spread through 130 pages and in-depth TOC on “Mobile and
Wireless Backhaul Market - Worldwide Market Forecasts and Analysis to 2015 -
2020"
Growing mobile data traffic is spurring
the market of mobile and wireless backhaul
Nowadays,
spectrum band has been increased to up to 42GHz owing to the need for faster
connectivity. Also, the introduction of 5G is offering great opportunity for
mobile and wireless backhaul market. Popularity of data exhaustive such as
video on demand, online streaming and video connectivity is continually growing
and driving the mobile traffic data. The installation of small cells enables
the network operators to offload the mobile data on the unlicensed spectrum
using Wi-Fi, hence reducing the congestion on the macro-cells and licensed
spectrum.
The microwave
equipment segment is estimated to account for majority of the total mobile and
wireless backhaul market in 2015, but is slowly losing its market share because
of the increasing adoption of millimeter wave equipment. The major trends seen
in the service market are the increasing use of system integration services by
end user to effectively deploy mobile and wireless backhaul solutions and the
easy integration of these solutions with the existing ones.
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The North America region is expected to
contribute the maximum market share to the overall mobile and wireless backhaul
market
North America
will witness the highest market share in 2015, and will continue to dominate
the globe during the forecast period. The mobile and wireless backhaul markets
in Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America are
expected to witness substantial growth, as large enterprises as well as SMBs
are yet to adopt the solutions. Major enterprises in these emerging economies
are expected to increase investments in mobile and wireless backhaul solutions,
due to the huge demand for managing aging infrastructure and assets.
Market Players
The major
vendors in the mobile and wireless backhaul market include Alcatel Lucent,
Cisco Systems, Ericsson, Huawei Technologies, Broadcom Corporation, Brocade
Communications Systems, Fujitsu, Nokia Networks, Tellabs, and ZTE Corporation.
A detailed analysis on key industry players is done to provide key insights
about their businesses, products and services, key strategies, and recent
developments associated with the mobile and wireless backhaul market.
The mobile and
wireless backhaul market has been segmented into equipment, services, and
regions. The equipment is further segmented into Microwave, Millimeter wave,
Sub 6 GHz, and Test and Measurement. The service types are Network services,
System Integration, and Professional Services. Furthermore, the report
classifies the market according to the regions of North America, Europe, APAC,
MEA, and Latin America.
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