The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Fixed Mobile Convergence Market. The growth sectors of the Fixed Mobile Convergence Market are identified with precision for a better growth perspective.
The global fixed-mobile convergence (FMC) market is expected to expand at ~14.1% CAGR with USD 6,208.7 million in value by 2025 during the forecast period.
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Fixed-mobile convergence 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 churn rate, and increase subscriber base. There has been significant growth in the adoption of FMC services over the past two years. The growth is due to the consolidation of telecommunication players and various industry challenges such as changing consumer behavior, for instance, the extensive use of video services and social networking services, the accessibility to a number of services and applications via the Internet, and industry consolidation. Fixed operators acquire mobile companies; in turn, mobile operators acquire fixed network or building fiber network for their backhaul and FMC services. From the customer’s viewpoint, FMC helps them in viewing the same content across all the devices, without having to pay different service providers separately.
The emergence of the 5G network is an opportunity to deploy FMC. According to subject matter experts, 5G is expected to make FMC a considerable success in the future. The telecom operators and standards groups are taking efforts to develop a common 5G converged core network where services can be delivered over any access network, whether fixed-line, Wi-Fi, Bluetooth, or 3GPP-based access, such as like 4G LTE, or 5G New Radio. Telecom operators such as Verizon Wireless, AT&T Inc. and Deutsche Telekom AG are all preparing themselves to offer FMC around 5G. The emergence of 5G is a driving factor for fixed-only telecom operators, as well as MVNO (mobile virtual network operator), to enter the mobile market via their own network.
The major players in the global fixed-mobile convergence market are Ericsson (Sweden), Cisco Systems, Inc.(US), Fujitsu (Japan), Huawei Technologies Co., Ltd (China) Vodafone Group PLC (UK), Orange SA (France), The Proximus Group (Belgium), Turk Telekom (Turkey), Turkcell (Turkey), Ooredoo QSC (Qatar), Nokia (Finland), Deutsche Telekom AG(Germany), Samsung Group (South Korean), and ZTE Corporation (China).
By convergence type – the market is segmented into device convergence, network convergence, and application convergence.
By mode – the market is divided into single-mode and dual-mode.
By component – service and infrastructure.
By end-user – home users and enterprises.
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