Market Scenario:
Market Research Future (MRFR) has identified its ability to reduce cost as one of the major factors to influence the global market. Increasing demand for integrated service irrespective of the location is also going trigger transformations in the market. The global fixed-mobile convergence market share is slated to reach a mark of 9.83127 Billion by 2032, with 12.16% CAGR during the forecast period of 2023-2032. Its capacity to use both fixed and wireless systems are expected to take the global market forward. This market is also going to benefit from infrastructural changes taking place and the market witnessing a steady flow of funds to create more research and development opportunities.
Key Players:
- Cisco (US)
- Ericsson AB (Sweden)
- Nokia (Finland)
- Huawei Technologies Co.
- Ltd (China)
- and ZTE Corporation (China)
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Segmentation:
The global study on the fixed-mobile convergence market includes segments like convergence type, mode, component, and end-user to make the study comprehensive. This segmental analysis has revealed various data that can be used to chart a proper course for the market, which can then be used to inspire changes.
By convergence type, the review of the fixed-mobile convergence market includes segments like network convergence, device convergence, and application convergence.
By mode, the review of the fixed-mobile convergence market includes a study of both single-mode and dual-mode.
By component, the fixed-mobile convergence market report has been segmented into service and infrastructure. The service segment includes video telephony, voice, broadband internet, broadband TV, social networking, and others. The infrastructure segment ensures a study of the network, consumer CPE, office CPE, and others.
By end-user, the discussion of the fixed-mobile convergence market includes home users and enterprises. The enterprise segment has a proper analysis of automotive, healthcare, BFSI, government, media & entertainment, and others.
Competitive Outlook:
The global report containing specifics of the fixed-mobile convergence market included a proper understanding of strategies launched in recent years by companies like Ericsson (Sweden), Deutsche Telekom AG(Germany), Samsung Group (South Korean), Vodafone Group PLC (UK), Orange SA (France), The Proximus Group (Belgium), Turkcell (Turkey), Ooredoo QSC (Qatar), Turk Telekom (Turkey), Fujitsu (Japan), Huawei Technologies Co., Ltd (China), Nokia (Finland), Cisco Systems, Inc.(US), and ZTE Corporation (China). MRFR analysts took note of these changes to ensure a better study of trends that can bolster the market growth.
Regional Analysis:
In Europe, the fixed-mobile convergence market has around 45% of the global market share. France is contributing in significant ways to inspire the growth of the market. In Asia Pacific, the market will secure the fastest growth.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Fixed-Mobile Convergence Market’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Fixed-Mobile Convergence Market report to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Fixed-Mobile Convergence Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
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In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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