Fixed Mobile Convergence Market Projected to Reach US$ 15 Bn by 2031
Fixed Mobile Convergence (FMC) market is expected to grow at a high CAGR of 15% during 2021-2031, and is projected to reach US$ 15 Bn by 2031. Through fixed mobile convergence technology, the telecom providers are able to provide their subscribers both fixed-line wired networks along with mobile/cellular communication networks. This offers seamless connectivity between fixed and wireless communication networks. The goal of fixed mobile convergence is to optimize the way to share data, voice, video etc., within same communication infrastructure, regardless of location or device.
What is Driving Demand for Fixed Mobile Convergence?
The customers are expecting the integrated services like Virtual Private Network (VPN), voice mail service, unified messaging, conferencing, and streaming media at any place and at any time. Thus increase in demand of such integrated services drives the growth of Fixed-mobile convergence solutions and services.
Fixed-mobile convergence service helps operators for the purpose of utilization of the resources and infrastructure of fixed and wireless networks. FMC operating company provides data, voice, and video services to enterprises, individual customers, the equipment providers, core network provider, software provider, and delivery providers. The use of FMC architecture reduces the operational cost which is one of the major driving factor of the fixed mobile convergence demand.
Emergence of 5G technology Impacting Fixed Mobile Convergence
The emergence of 5G technology is expected to propel the growth of fixed mobile convergence services. One of the biggest promises of 5G is to make the elusive vision of fixed-mobile convergence come true. The Centralized Radio Network (C-RAN) architecture based on IP Multimedia Subsystem (IMS) employed by 5G makes the complex fixed-mobile integrations seamless and convenient. 5G technology promises faster bandwidth, lower latency and an almost limitless array of business use cases.
With the rollout of 5G and the proliferation of IoT, there will be a rapid increase in network end-points as well. Moreover, the COVID-19 pandemic has helped the digital technologies, to evolve across all the industries, for wide range of applications. 5G technology fuels the growth of fixed mobile convergence market as it makes easier to deliver next-generation digital applications using fixed mobile convergence.
US & Canada Demand Outlook for Fixed Mobile Convergence
The US have been on the forefront of leading the telecom and internet penetration, globally. Internet data traffic continuous to rise and the US has been a leader across the world. US is one of the largest mobile communications market, with nearly 283 million unique mobile subscribers, third-most in the world after China and India.
Moreover, North America also has presence of many governing authorities such as the Federal Communications Commission (FCC), Canadian Radio-television and Telecommunications Commission (CRTC), and others which governs and regulate the telecom sector within the region. These authorities have been endeavoring to regulate and improve the frameworks for telecom infrastructure, thereby boosting huge investments into the next generation telecom networks such as 5G, 5G Advanced and others.
Hence, due to advancements in mobile communication technologies and growth in mobile subscribers, the demand for fixed mobile convergence continues to grow. Moreover, the presence of such regulatory bodies in North America make the region more suitable for potential investments and growth in fixed mobile convergence networks.
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Europe Fixed Mobile Convergence Outlook
Emergence of 5G technology in Europe in past few years, have made the region one of the advanced region in the world for 5G technology implementations, enabling next-generation wireless connectivity. Major factors accelerating digitalization and wireless connectivity in Europe countries include- investment in telecom networks, digital transformation in mobile communications, and others. Moreover, many service providers in Europe are leveraging fixed wireless access (FWA), to fulfill the demand for residential broadband services. As the demand for voice, data, connectivity increases, the demand for fixed mobile convergence networks in countries like UK, Germany, France and others would drastically rise in the coming years.
Who are the Key Fixed Mobile Convergence Vendors?
Some of the leading vendors offering
- Fixed Mobile Convergence services include Vodafone
- Turk Telekom
- Huawei Technologies Co.
- Deutsche Telekom
These vendors have adopted various key strategies, to increase their customer base locally and globally. They are also spending millions of dollars into product R&D to fulfill the unmet needs of their customers for Fixed Mobile Convergence services.
An Adaptive Approach to Modern-day Research Needs
Fixed Mobile Convergence Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Fixed Mobile Convergence Service
- Fixed Mobile Convergence Infrastructure
By End Users
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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