Global mobile and wireless backhaul market valued at $42.24 billion and is expected to grow at a CAGR of 13.57% during 2016-2022 period.

Huge advancements in technology plays a significant role in the growth of the global mobile and wireless backhaul market, while the increasing growth in mobile data traffic is also positively impacting the growth in the global mobile and wireless backhaul market. The technological revolution in mobile and wireless backhaul technology also drives the mobile and wireless backhaul market.

The global mobile and wireless backhaul market is projected to reach $42.24 billion by 2022 growing at 13.57% CAGR during 2016-2022. According to OBRC analyst Harsh Goyal. Mobile and wireless backhaul market is growing with a huge pace because of rising accessibility of smartphones. Huge advancements in technology plays a significant role in the growth of the global mobile and wireless backhaul market, while the increasing growth in mobile data traffic is also positively impacting the growth in the global mobile and wireless backhaul market. The technological revolution in mobile and wireless backhaul technology also drives the mobile and wireless backhaul market.

The rising accessibility of smartphones is driving the growth in global market. In 2014, global smartphone industry was valued at $400 billion. China is the biggest market of smartphone, around 390 million units were shipped in 2015 in China. In 2015, in Asian region there were approximately 2.6 billion smartphone users. In 2014, Asia Pacific smartphone sales was valued at $66.3 billion which was increased in 2015 and accounted for $76 billion. However, there were around 171 million smartphone users in 2014 in U.S., which is expected to reach 25 million by the end of 2020. The growing demand from smartphone industry is increasing the scope of mobile and wireless backhaul market. However, around 140 million smartphones are sold across the globe in 2014, among which around 53% were of android platform.

New 5g Wireless Backhaul technology is creating opportunities.

New 5g wireless backhaul technology is one of the major factor which is increasing the scope of mobile and wireless backhaul market and is creating huge opportunity in the forecast period. The rising demand for high bandwidth for monitoring and manging the data over the netwok is boosting the demand of new 5g wireless backhaul technology. The technological advancement done by various key players to enhance and advance new technology is to provide better bandwidth over the network.

Dearth of proficient technological skills is the major challenge available in the market
One of the major reasons why the growth of mobile and wireless backhaul market is lacking behind is the dearth of mobile and wireless backhaul knowledge and skills in employees which is the biggest obstacle for efficient use of mobile and wireless backhaul technology. The requirement to maintain high bandwidth and to distribute and to manage huge data traffic on the system network professional skills is required. However, the dearth of trained professionals to manage such huge data on the network acts as a biggest challenge for the development of global market. The key players are adopting various strategies to fill this gap by giving on job and off job trainings. Some of them are hiring third party experts and consultant to train the employees and build the mobile and wireless backhaul business models for the successful operation.


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Company Name: Occams Business Research & Consulting Pvt. Ltd.
Issued By: Occams Business Research
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Address: Occams Business Research & Consulting Pvt. Ltd. Phone: (+91) + 98 505 53315, 0731 2575400 Email: sales@occamsresearch.com
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State: M.P
Zip: 452001
Country: India
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Keywords : ICT, Consumer IT, Mobile wireless,

by Occams Business Research (few months ago!)

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