$5.13 Bn 5G Wireless Backhaul Markets: Global Forecasts 2024-2029 - Growing Surge in 5G Small Cell Deployments to Increase Demand [Yahoo! Finance]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: Yahoo! Finance
The 5G wireless backhaul market is projected to witness a CAGR of 19.21% during the forecast period to reach a total market size of US$5.136 billion by 2029, up from US$2.133 billion in 2024. The 5G wireless backhaul market is expected to witness progressive growth due to rapid network expansion, dense network deployments, and a rise in global mobile data traffic. For certain IoT and industrial applications, the low-latency requirement of 5G wireless networks can be met only when they offer reliable and responsive connectivity via appropriate backhaul infrastructure. These applications often require network optimization. Moreover, the latest technologies, such as millimeter wave spectrum and beamforming, are more focused on providing higher-capacity backhaul solutions that offer the low latencies needed for many 5G applications. Wireless backhaul solutions are also cost-effective as they provide an alternative to extremely expensive fiber optic cables. Diverse network management
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