Mobile and Wireless Backhaul Market will reach $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.

Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1034

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

Visit Our Website: https://www.marketsandmarkets.com

Content Source:

https://www.marketsandmarkets.com/PressReleases/mobile-wireless-backhaul.asp