The global WiMAX solutions market is projected to undergo significant growth owing to the real access to end-users through its infrastructure and varied applications. WiMAX supports point-to-multi-point broadband wireless access. WiMAX can deliver broadband up to 75 mbps and has a vast range of up to 31 miles. WiMAX solutions have a wide range larger than WLAN mesh and WLAN, which can be used to provide wireless last-minute approach and campus-level network connectivity bringing internet service directly to customers. Increased usage of internet, scores of Wi-Fi hot zones, and hot spots are being realized in various commercial, residential, and industrial application segments. WiMAX can be integrated into mobile or fixed networks, making it an excellent complement to Wi-Fi for continuous outdoor/indoor coverage. It can be paired up with DVB-T for implementing high interactive services, which is expected to fuel the market over the next six years.
WiMAX offers notable features such as vast coverage, high speed along with multi-functionality such as voice application, the transformation of data, telephone service, and video streaming, which is expected to proliferate market growth over the next six years. Additionally, WiMAX has a flexible and easy infrastructure, which provides network reliability to the consumer. WiMAX provides a high-security level owing to its encryption system, which is further anticipated to positively impact market growth.
WiMAX ensures the robust quality of service protection for streaming video and audio. WiMAX solutions allow service providers to manage the traffic based on per-subscriber service agreements. WiMAX offers cost-effectiveness as compared to 3G and 2G technologies, which is expected to augment WiMAX solutions market growth.
The WiMAX solutions offer a vast range of applications such as the delivery of data, streaming video, and VoIP to consumers owing to its range and quality of services. Symmetrical bandwidth and high speed can satisfy the needs of individual customers, enterprises, and public administration of all sizes.
However, signal interruption owing to poor weather conditions, high operational and installation costs along with extensive power consumption is expected to hamper the market growth.
Mobile internet and telephony have been embraced by populations across the globe. This significant change in the way of acquiring information and communication is anticipated to provide lucrative opportunities for the market. WiMAX has opened the door for several new industry entrants by offering global open standards, new frequency allocations, new networks, and business models. WiMAX solutions have already given rise to new chipsets, new devices, and next-generation applications.
The WiMAX solutions can be categorized on the basis of product into, stationary WiMAX, WiMAX on the move, and rural WiMAX. Through WiMAX on the move, users can connect to the network through an array of portable devices including mp3 players, laptops, and WiMAX enabled phones. Rural WiMAX is expected to stimulate commerce and economy by providing better healthcare and communication facilities across the globe.
The developing and under-served economies are more prone to adopt new technologies, which are more expedient to fulfilling market and localized participation. Legal initiatives towards offering tax subsidies and incentives to assist in bringing broadband to rural regions are expected to drive the market over the next six years
North America is expected to dominate the WiMAX solutions market for the forecast period. Asia Pacific is projected to witness considerable growth owing to the advancement in technologies along with increasing demand from countries such as China and India. Governments in various regions are focusing on the growth of stringent regulations pertaining to wireless broadband such as deregulating local frequency spectrum and issuing licenses to make them available for commercial public applications. This is expected to be a key market driver.
Key participants in the WiMAX solutions market include Motorola, Intel, Beceem Communications, Alcatel-Lucent, Huawei, Packet one, Xilinx, Inc, Fujitsu, Air Span, ZTE, Alvarion, and Samsung. In October 2014, Xilinx Inc. announced robust suites of programmable solutions based upon the emerging WiMAX wireless standards.
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In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The report will account for Covid19 as a key market contributor.