Market Research Future (MRFR) will be publishing a cooked research report on the “Global Fixed-Mobile Convergence Market” that contains the information from 2021 to 2027.
MRFR has identified the following companies as the key players in the global fixed-mobile convergence market—Telefonaktiebolaget LM Ericsson (Sweden), Deutsche Telekom (Germany), Vodafone Group PLC (UK), Orange SA (France), The Proximus Group (Belgium), Turk Telekom (Tukey), Turkcell (Turkey), Ooredoo QSC (Qatar), Nokia (Finland), Cisco Systems, Inc. (US), FUJITSU (Japan), Huawei Technologies Co., Ltd (China), Samsung (South Korea), and ZTE Corporation (China).
Market Highlights
The global fixed-mobile convergence market is projected to be valued at USD 7,733.9 Million by the end of 2027, registering a CAGR of 14.4% during the forecast period.
Fixed-mobile convergence (FMC) removes the difference between fixed and mobile networks to provide a seamless experience to consumers across connected devices at home or on the move. FMC can help telecommunication operators to improve their revenue growth, reduce their churn rate and increase their subscriber base. There has been significant growth in the adoption of FMC services over the past two years.
The primary factor driving the global fixed-mobile convergence market is that FMC is also expected to reduce the churn rate and enhance the user experience by providing value-added bundled voice, video, and messaging services. Due to these benefits, operators are switching to FMC infrastructure. Moreover, increasing demand from customers for integrated services from any location at any time. Enterprises are looking for a solution that can combine/merge wired desk sets, voice over WLAN capability, and cellular service, offering a handoff call among them.
Furthermore, the technical complexities and lack of skilled experts are the major challenges the providers face in the fixed-mobile convergence market. Solution providers are therefore seizing the opportunity by partnering with various VoIP solution providers to efficiently cater to the needs of enterprises.
COVID-19 Impact Analysis
The healthcare sector requires tremendous data to be uploaded and updated on a daily basis to share with government bodies. This has caused strain on the existing network infrastructure resulting in failure or slow networking connections. With the shift in traffic demand from city centers to residential areas, there is anticipated to be an increase in traffic generation in residential areas due to the increased use of multimedia services such as online gaming, video streaming, and video conferencing. This has put a strain on the limited backhaul capacity of both fixed broadband and cellular networks, which are not optimized to support.
All of this is expected to result in network failure and service degradation if proactive measures to mitigate them are not implemented. There is an increasing demand for high mobility support to prevent service disruptions or intermittent quality of service for highly mobile users, such as those in moving vehicles and trains, especially during this pandemic where there may be a need for remote medical services in case of emergencies where video connection between ambulance paramedics and experts in hospitals is required. However, due to network failure and congestion, the front-line workers could not efficiently communicate with the patients at peak times. Since lockdown was imposed, a major share of the workforce of IT professionals is being pinned down at home. They are located in cities as well as in rural areas. Fixed-mobile convergence requires adequate newer networking infrastructure to work, and many rural areas lack upgraded infrastructure. This has caused slower adoption of fixed-mobile convergence in rural areas.
Access full report @ https://www.marketresearchfuture.com/reports/fixed-mobile-convergence-market-8305
Segment Analysis
The global fixed-mobile convergence market has been segmented on the basis of convergence type, mode, component, end-user, and region.
By convergence type, the fixed-mobile convergence market has been divided into device convergence, network convergence, and application convergence. The use of multiple communication modes on a single networking platform allows convenience and flexibility, which is not possible with separate infrastructures.
By mode, the fixed-mobile convergence market has been bifurcated into single-mode and dual-mode fixed. Dual-mode FMC solutions prove to be cost-effective for enterprises as it saves enterprise money by reducing mobile cellular minutes of use when voice calls roam to the Wi-Fi network.
Based on component, the fixed-mobile convergence market has been divided into infrastructure and service. The infrastructure segment has been further classified into network, consumer CPE, office CPE, and others. Additionally, the service segment has been classified into voice, video telephony, social networking, broadband Internet, broadband TV, and others.
By end-user, the fixed-mobile convergence market has been segmented into home users and enterprises. The enterprise user segment has been further classified into IT & telecommunications, BFSI, automotive, healthcare, media & entertainment, government, and others. The IT & telecommunications segment accounted for the largest market share of 24.6% in 2020. It is expected to register a CAGR of 14.1% during the forecast period.
Key Findings of the Study: