Fixed Mobile Convergence Market

The global fixed mobile convergence market size is approximately US$6.5 Bn as of 2022. The report has projected a staggering growth outlook for the market through 2030-end, exhibiting a CAGR of 15.5%.

By component, the FMC service continues to witness the highest demand. On the other hand, the business/enterprise sector will remain the prime end user of FMC technology and services. Regional analysis of the market reveals the dominance of North America in the worldwide fixed mobile convergence industry.

One of the primary factors that are projected to drive the revenue growth of the global fixed mobile convergence market includes the growing adoption of fixed mobile convergence for operational cost savings.

Nokia, Avaya, Samsung Electronics, Ericsson, CISCO Systems, AT&T, Orange SA, and Verizon Communications are some of the biggest names in this industry.

5G integration will remain a pivotal trend in the fixed mobile convergence market. The report says growing 5G integration will leverage high-speed, low-latency capabilities of 5G networks to enable seamless communication between fixed and mobile devices. The 5G trend will in a nutshell elevate the performance of the market through 2030.