According to Juniper Research, the revenue generated by telecom operators from 5G fixed wireless access (FWA) services is expected to increase by 480 percent between 2022 and 2023, from $515 million to $2.5 billion. Broadband and Internet of Things (IoT) networks are just two examples of the usage of FWA services, which offer high-speed Internet connectivity using cellular-enabled CP (Customer Premises Equipment).
Accelerating Expansion of 5G FWA Services
According to the research company, 5G FWA revenue for telecom operators will total $24 billion globally by 2027. This increase is attributed to 5G’s advanced capabilities, such as ultra-low latency and increased data processing, which enables it to offer connectivity services that were previously impossible with 4G technology. The company predicted that, with 96% of total sales coming from the consumer market, operators would earn the most money. A compelling user proposition for FWA solutions must be provided by telcos through the bundling of extra services like video streaming, gaming, and smart home security, according to Juniper Research. This will enhance user experience and give telcos a competitive edge over technologies like FTTP (fibre to the property). The advantages of FWA are now on par with those of services provided by fiber-based networks. By offering last-mile solutions supported by their current 5G infrastructure, operators have an immediate chance to make income from internet subscriptions directly to end customers, according to research author Elisha Sudlow-Poole.
5G FWA to Be Offered as a Last-Mile Solution
The survey also recognised private networks as a significant monetisation prospect, giving superior network capabilities to 4G. According to the research company, smart manufacturing, shipping ports, and airports are the most likely sectors where telcos would implement 5G FWA. In order to maximise return on investment, it also advises operators to collaborate with fibre networks in conjunction with 5G FWA to facilitate the last mile solution.
