The global 5G Fixed Wireless Access (FWA) market size is expected to reach USD 88.5 billion by 2027 according to a new study by Polaris Market Research. The report "5G Fixed Wireless Access (FWA) Market Share, Size, Trends, Industry Analysis Report, by Offering (Hardware, Services); By Demography (Urban, Semi-Urban, Rural); By Application (Residential, Commercial, Industrial, Government) and Region; Segment Forecast, 2020 -2027" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The fifth-generation mobile network technology, or 5G, will deliver a high speed, greater capacity, and lower latency Internet network that will be advantageous for a number of military and defense applications. Simply put, compared to the present norm, 5G is anticipated to increase the bar for network performance (4G LTE). A new digital revolution in warfare will be ushered in by 5G's incredibly fast data rates and virtually instantaneous real-time broadcasts.
When it comes to the shift from 4G to 5G, the average user will most likely only be concerned with one thing: speed. Granted, you will be able to stream or download media on your smart device far faster than before. But behind the scenes, the technology being developed to bring us 5G has the potential to offer far more than that.
There is a constant convergence of 4 vital technologies, which are self-assured to alter the ICT ecosystem . Such technologies are 5G cellular, Data Analytics, AI , and IOT .
Each of these technologies will have a large impact in their own right, both on ICT as well as on all majority industry verticals and technology market, which depends on the telecom and IT services.
The business world is in the midst of smart revolutions with robotic process automation, autonomous technology, edge computing, voice recognition and now 5G is here to make the economy more connected and accessible than it ever was.
This might be the early phases of 5G network deployment in the world, especially in the European countries where the 5G network has been deployed and in the early phases, where people are still in the nostalgic state of mind to use it. The 6G network race of the internet has been started that will also come with some major revolution ion the internet speed, also it will be boosting the overall economic condition of the nation as it will create many job opportunities.