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Number of Service Providers Offering 5G Services Rises by 30% in 6 Months

Edith Muthoni Freelance Writer Author expertise
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In 2027, 5G will be the most widely utilized mobile communication technology in history, with an anticipated coverage of 75% of the world’s population. Fixed wireless access (FWA) over 5G has been discussed as a potential alternative for telecom providers, especially in areas where obtaining premises passed with fiber is difficult.

Fixed wireless access (FWA) has become popular among telecom providers worldwide. To keep up with consumer demand for quicker speeds and more dependable connections, service providers are offering 5G FWA.

According to TradingPlatforms data analysis, 5G is now an important part of fixed wireless. In the past six months, the number of service providers providing 5G FWA has risen from 57 to 75, a 30% jump. Moreover, around 20% of service providers monetize FWA with speed-based tariff plans.

Service providers’ use of FWA solutions has increased more than two-fold in the last three years.  Around 87% of service providers that have gone live with 5G also provide an FWA plan. This is a higher adoption rate for FWA than observed among service providers who have yet to start 5G (62%).

In addition, there is expansion across all areas, with North America seeing the most growth, where 60% of all service providers interviewed now provide 5G FWA.

TradingPlatform’s financial analyst Edith Reads says, “This growth is driven by customer demand for 5G speeds and reliability. 5G offers speeds up to 10 times faster than 4G, and with FWA, there is no need for a physical connection to the home or business, meaning 5G service can be installed quickly and easily. “

Replacement for DSL

FWA is also expected to become more cost-effective due to the epidemic, especially when compared to traditional fixed services such as DSL, cable, and fiber. Small 5G antennas are used in 5G FWA to provide high-speed wireless internet access to companies and residences. With extremely low latency, it is ideal for online gaming, streaming videos, and other real-time applications.

Customers get the speeds they crave without having to lay down extensive and expensive infrastructure. 5G FWA is a win-win for both service providers and customers.

FWA Popularity is Global

Governments are helping fuel FWA’s growth through programs and subsidies as they scramble to close their digital divides. 5G FWA is the most promising technology for delivering high-speed broadband to rural and underserved areas.

For instance, in the United States, the (FCC) Federal Communications commission’s  5G Fund for Rural America will provide funds to enhance 5G service to rural areas that are yet unserved and underserved for ten years. 

The European Commission recently said it approved a two billion euro Italian scheme to support the rollout of 5G mobile networks through the Recovery and Resilience Facility.

5G will be a game-changer globally, and many states are committed to ensuring that their citizens can benefit from 5G as soon as possible. 5G FWA is the future of internet access, and service providers who embrace it will be well-positioned to succeed in the 5G era.

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Edith Muthoni Freelance Writer

Edith Muthoni Freelance Writer

Edith is a dynamic and seasoned finance writer with a focus on crypto and trading - featured on different platforms, including Cryptopolitan.com, Insidebitcoins.com, and Learnbonds.com. With a Bachelor's Degree in Actuarial Science from Strathmore School of Business, Edith combines her education and experience to analyze complex market trends. This solid foundation also enables her to simplify complex trading strategies, delivering informative content, relevant to our fast-paced economy.

Edith's passion for finance and cryptocurrency keeps her at the forefront of industry news. She creates content that empowers her readers. She’s also a personal finance coach, providing expert advice on trading and other intricate finance issues