A new report by Reports and Data predicts that the global Wireless Backhaul Market will reach USD 102.29 billion by 2028. The growth in the usage of smart devices such as smartphones has led to a significant increase in data traffic volume. As a result, there is a need to handle and distribute this high volume of data traffic, which is driving the growth of this market.
The deployment of connected devices and technological advancements will increase the demand for data traffic, leading to further growth in the Wireless Backhaul market. However, limited spectrum bandwidth causing bandwidth congestion could restrict the market's growth.
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North America currently holds the largest market share, valued at USD 8.27 billion in 2018, due to the latest technological developments in the region that will increase the demand for better network connectivity, resulting in a higher demand for backhauls.
The market segmentation is based on network topology, application, and geography. Ring and tree are the most common topologies preferred by network operators and will occupy the largest market share. Cellular backhauls have the largest market share among applications, with a market size of USD 4.28 billion in 2018, and are expected to continue this trend during the forecast period.
Driving factors of Wireless Backhaul Market
Immense usage of smart devices: The usage of smart devices such as smartphones has increased rapidly, leading to a significant increase in data traffic volume.
Need to handle and distribute high volume of data traffic: As a result of the increase in data traffic volume, there is a need to handle and distribute this traffic efficiently, which is driving the growth of the Wireless Backhaul market.
Deployment of connected devices: The deployment of connected devices is increasing, leading to higher demand for data traffic and fueling the growth of the Wireless Backhaul market.
Technological advancements: Technological advancements are improving the capabilities of the Wireless Backhaul market, resulting in higher demand for these services.
Increasing demand for better network connectivity: The increasing demand for better network connectivity is driving the demand for backhauls, especially in regions such as North America, where the latest technological developments are taking place.
Some of the notable innovations in the Wireless Backhaul Market
Cloud-based backhaul: This innovation uses cloud technology to provide flexible and scalable backhaul solutions, reducing the need for dedicated hardware.
Virtualization of network functions: This allows for the virtualization of network functions, including backhaul functions, resulting in increased flexibility and reduced costs.
Use of small cells: Small cells are low-powered cellular access points that can provide backhaul services, enabling faster and more efficient data transfer.
Implementation of software-defined networking (SDN): SDN allows for centralized network management, reducing the complexity of network operations and improving efficiency.
Advancements in radio technology: Innovations in radio technology, such as the use of millimeter-wave frequencies and massive MIMO, enable higher bandwidth and faster data transfer rates.
Development of 5G networks: The development of 5G networks provides faster and more reliable connectivity, driving the demand for Wireless Backhaul services.
Companies considered and profiled in this market
Cisco Systems Inc.(US), Ericsson Sweden), Alcatel-Lucent (France), Huawei Technologies Co. Ltd. (China), Broadcom Corporation (US), Fujitsu (Japan), Brocade Communication Systems (US), Nokia Networks (Finland), Tellabs (US), ZTE Corporation (China).
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