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USD 3.55 Billion Growth Expected in Mobile and Wireless Backhaul Market | APAC to Garner Fastest Growth | TechnavioNEW YORK, Nov. 30, 2021 /PRNewswire/ -- The mobile and wireless backhaul market by component (services and equipment) and geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio's offering. The market is expected to witness potential growth of USD 3.55 billion, at a CAGR of 9.27% from 2020 to 2025, according to this latest market outlook report.
For more information on factors influencing the YOY Growth, Read FREE Sample Report Mobile and Wireless Backhaul Market: Opportunities and Challenges The market is expected to be driven by factors such as the surging demand for smartphones and connected devices, growing adoption of small cells, and proliferating success of 4G and proliferation of 5G, and rising need for lowering the total cost of ownership. However, spectrum crunch, stringent latency requirements, and health issues related to microwaves will impede the market growth. Get Mobile and Wireless Backhaul Market Overview Right Here Mobile and Wireless Backhaul Market: Segmentation by Component By component, the market is segmented into services and equipment. In 2020, the services component segment held the largest mobile and wireless backhaul market share. The segment is likely to continue its dominance in the market during the forecast period with an estimated share of close to 63% of the overall market share by 2025. The growth can be attributed to the growing development of data centers and increasing adoption of Internet of Things (IoT). Need information on Market Contribution of other Segments, Download Sample Report Mobile and Wireless Backhaul Market: Segmentation by Geography In terms of geography, APAC was the largest revenue-generating segment of the mobile and wireless backhaul market in 2020. APAC will generate growth across all the years of the forecast period between 2020 and 2025. The year-on-year growth during this period will vary between 9.10% and 10.04%. 38% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the mobile and wireless backhaul market in APAC. The regional growth can further be attributed to the surging commercialization of 5G networks and the growing demand for high-speed network connectivity. Discover more regional market opportunities by Downloading Sample Report Now! Mobile and Wireless Backhaul Market: Few Major Vendors Broadcom Inc. Ceragon Networks Ltd. Fujitsu Ltd. Nokia Corp. NEC Corp. Schedule a Consultation Call to Speak to our Analysts and Industry experts for Further Insights on Vendor Contribution Related Reports Mobile Fronthaul Market by Type and Geography - Forecast and Analysis 2022-2026 Industrial Communication Market by Protocol and Geography - Forecast and Analysis 2021-2025 Subscribe to our "Lite Plan" billed annually at USD 3000 to join our community and view 3 reports monthly and download 3 reports annually.
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