Mobile and Wireless Backhaul Market is estimated to grow from USD17.85 billion in 2015 to USD33.15 billion by 2020, at an estimated CAGR of 13.18% during the period, according to a new market research report. The growing need to remain connected and the increasing adoption of 3G and 4G LTE networks has enhanced the market for mobile and wireless backhaul, along with the increasing usage of smart phones and tablets. In addition, popularity of data exhaustive applications such as video on demand, online streaming and video connectivity is continuously growing and driving the mobile data traffic.
The microwave equipment segment is estimated to account for the majority of the total Mobile and Wireless Backhaul Market in 2015, but is slowly losing its market share because of the increasing adoption of millimetre wave equipment. As for the service market, the major trends include the increasing use of system integration services by end user to effectively deploy mobile and wireless backhaul solutions and for easy integration of these solutions with the existing ones.
North America will witness the highest market share in 2015, and will continue to dominate the globe during the forecast period, according to the report. APAC, Middle East and Africa (MEA), and Latin America are expected to witness substantial growth, as large enterprises as well as SMBs are yet to adopt wireless backhaul solutions. Major enterprises in these emerging economies are expected to increase investments in mobile and wireless backhaul solutions due to the huge demand for managing aging infrastructure and assets.
