Mobility and Mobile Connectivity, the Driving Forces of Wireless Broadband
The ubiquitous wireless technology Wi-Fi has become indispensable for home networking, public internet connectivity, supporting the internet of things and much, much more. Increased use of mobile phones is one of the primary drivers of the growth of wireless broadband. People have begun to use the internet for a variety of safety and essential reasons. According to the Mobile Economy Report 2019, approximately 5.2 billion people, or 67 percent of the global population, subscribe to mobile services. Cisco predicted that by 2023, more than 70% of the world's population would have mobile connectivity. According to Cisco, the total number of global mobile subscribers will reach approximately 71% of the population by 2023.
The Advantages of Wireless Broadband
M2M is the fastest-growing mobile device category in terms of mobility growth, followed by smartphones. A surge in active social media users, internet users, and mobile phone users is also expected to boost wireless broadband usage for public safety reasons.
Availability of Wireless Broadband in Rural Areas and Next-generation Technologies is Promising
The advancement of next-generation technology is critical for all regions, particularly in post-pandemic times. Since the outbreak, many businesses have changed their business strategies, and many employees have taken advantage of the opportunity to relocate from big cities to more rural areas. This represents a significant economic opportunity for rural communities, but only in areas where residents have access to reliable broadband internet. According to a recent satellite.com survey, 67 percent of employees said that internet availability influences their decision, and 36 percent said that a lack of access to broadband internet prevents them from making a move. Because an increase in broadband usage will increase the adoption rate of public safety applications, high-speed internet will be a game-changer for rural economies in terms of safety. According to the FCC's broadband progress report, 19 million Americans continue to lack access to wireless broadband. This opens up a plethora of opportunities for countries across various regions to expand wireless broadband to rural areas in order to increase internet usage for various public safety purposes.
Disadvantages of Wireless Broadband
Security Breaches and Interception
Despite advancements in wireless security protocols and encryption techniques for overall public safety, wireless communications are vulnerable to interception and security breaches. The difficulty of ensuring security in commercial Wi-Fi networks and public places is a major concern. During an evacuation or rescue, for example, first responders and data centre operators are constantly exchanging sensitive data and information. Any interception of their communication will allow the intruder access to sensitive information while also impeding their ongoing rescue and management efforts. According to recent research by Probrand, about 43% of UK businesses have reported security breaches in the last 12 months. Furthermore, in 2018, a report published by Broadband Genie showed that 54% of British people having broadband connections were worried about their router getting hacked
5G and Handling of Data Demand
As they build and roll out their respective 5G networks, wireless carriers must continue to bid for higher spectrum bands. Canada, for example, has some of the fastest 4G networks in the world, thanks to the presence of three national operators: Telus, Bell, and Rogers. The 5G network is more difficult to build because Canadian operators have had less access to new 5G wireless spectrum than operators in many other countries. Furthermore, since the beginning of home stay orders, T-Mobile has seen an 87 percent increase in the usage of video conferencing applications such as Zoom, Slack, and Webex; a 60 percent increase in mobile hotspot usage; and an 85 percent increase in video game traffic. This increase in application usage triggered alarms in some CSP networks, raising concerns about their ability to handle an onslaught of data demand.
As per Fairfield Market Research preliminary estimate, the market is expected to grow at a CAGR of ~25-30%.
Airbus DS Communications, AT&T Inc., Ericsson AB, Harris Corporation, Huawei Technologies Co., Ltd., Motorola Solutions, Inc., Nokia, Tait Ltd., Verizon Communications Inc., and ZTE Corporation are the key players in the market.
Please Note: The above mentioned segmentation/companies/countries are likely to differ in the actual report as they are based on preliminary research.
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