Mobile Infrastructure And Mobile Broadband Market Is Growing At A Notable Rate To Globally, By 2028 At 12.5% CAGR
The Global Mobile Infrastructure and Mobile Broadband Market was valued at USD 16.93 Billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.98% between 2021 to 2028.
Mobile infrastructure and mobile broadband are a system or infrastructure that is been constructed in order to provide access to deliver high-speed internet connectivity wirelessly to the handheld devices to remotely connected users. The market has been increasing at a very high pace with the significant vast adoption of mobile phones, the industry has not only changed in scale but also in use.
The growth of the market is been propelled by the increasing mobility growth and mobile connectivity with enhanced and real time information availability aided with big investments in the wireless broadband. Moreover, with the adoption and occurrence of next-generation technologies and availability of broadband services in remote areas is expected to boost the overall market growth.
Moreover, due to the COVID-19 pandemic the market has seen an ever-increasing growth with the increasing user activity for many entertainments and streaming services with the increasing prevalence of OTT platforms. Even the prevalence of active users has increased due to the lockdowns and quarantines.
Furthermore, the enhancement of next generation technologies has been providing an opportunity for the growth of market as it has become a necessity for all regions. Whereas, the increasing prevalence of security threats and prone to inception despite of having advanced wireless security protocols is turning out to be a restraining factor for the growth of the market.
Moreover, the Asia-Pacific region has been growing at a high pace with the presence of major player in the region like Reliance telecommunication aided with technological advances has significantly boosting the growth of overall market in this region.
Major key players in the global mobile infrastructure and mobile broadband market are National Mobile Telecommunications Company (Wataniya), Kuwait Telecom Company (KTC) /Viva and Zain Group.