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The fixed mobile convergence market size has grown rapidly in recent years. It will grow from $5.84 billion in 2023 to $6.67 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to the up-gradation in fixed and wireless networks, the rise of 5G technology, the increased demand for a seamless transition in calls, and the demand for unified communication. The fixed mobile convergence market size is expected to see rapid growth in the next few years. It will grow to $11.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to the increasing demand for unified communication, the adoption of fixed mobile convergence technology, the growing demand for integrated services, the increasing use of digital devices, and rising remote work. Major trends in the forecast period include technological advancements, multi-access edge computing (MEC), 5G integration, enterprise mobility solutions, and IoT and smart devices.

The rising 5G technology is expected to propel the growth of the fixed mobile convergence market going forward. 5G, the fifth generation of cellular network technology, offers faster data speeds, lower latency, and greater capacity compared to previous generations. Demand for 5G is increasing due to rising data traffic, enhanced mobile broadband, and improved connectivity. Fixed mobile convergence benefits from 5G by integrating fixed and mobile networks seamlessly, facilitating uninterrupted handovers between Wi-Fi and cellular networks. This integration provides faster speeds and reliable connections across devices and locations. For instance, in April 2023, 5G Americas reported a 76% increase in global 5G wireless connections from the end of 2021 to the end of 2022, reaching 1.05 billion connections. By the end of 2027, this number is expected to grow to 5.9 billion connections. Therefore, the rising 5G technology is driving the growth of the fixed mobile convergence market.

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What Are The Key Trends That Influence Fixed Mobile Convergence Share Analysis?
Key players in the fixed mobile convergence market are focusing on developing cloud-based unified communications platforms to enhance business communication and collaboration. These platforms integrate fixed-line and mobile communication services into a single, unified solution, allowing users seamless access to a broad range of communication tools and services across fixed and mobile networks. For example, in April 2023, Vodafone Idea Limited, an Indian mobile network operator, partnered with RingCentral Inc., a US-based provider of cloud-based communication and collaboration services, to launch Vodafone Business Unified Communications (UC) in Italy. This new platform supports hybrid working and provides analytics and reporting tools to help businesses analyze usage, assess call quality, and identify areas for improvement. It is accessible from any device with an internet connection, offering multiple levels of enterprise-grade security and compliance with local and international data regulations.

Which Market Players Are Driving Growth In The Fixed Mobile Convergence Market?
Major companies operating in the fixed mobile convergence market are Samsung Electronics Co. Ltd., Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd. , T-Mobile US Inc., Cisco Systems Inc., Orange S.A., Telefonica S.A., Fujitsu Limited , Ericsson, Deutsche Telekom AG, Nokia Corporation, NEC Corporation, ZTE Corporation, Motorola Solutions Inc., BT Group plc, Juniper Networks Inc., Amdocs Limited, Avaya LLC, Mitel Networks Corporation, Mavenir, Radisys Corporation, Ribbon Communications Operating Company Inc. , CounterPath Corporation, Tango Networks Inc.

How Is The Global Fixed Mobile Convergence Market Segmented?
1) By Convergence Type: Session Redirection; Private Branch Exchange (PBX) Mobility; Client Software; Dual Mode Support
2) By Component: Voice; Videotelephony; Social Networking; Broadband Internet; Broadband Television (TV)
3) By Service Provider: Mobile; Broadband; Combined
4) By End-User: Home Users; Enterprises; Information Technology (IT) And Telecommunications (Telecom); Banking, Financial Services, And Insurance (BFSI); Automotive; Healthcare; Media And Entertainment; Government

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The Fixed Mobile Convergence Global Market Report 2024 provides an overview of the fixed mobile convergencemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fixed mobile convergence market forecast analyzes fixed mobile convergence market size, fixed mobile convergence market share, leading competitor and their market positions.

The Table Of Content For The Fixed Mobile Convergence Market Include
1. Fixed Mobile Convergence Market Executive Summary
2. Fixed Mobile Convergence Market Segments
3. Fixed Mobile Convergence Market Size And Template Market Growth Rate
4.  Key Fixed Mobile Convergence Market Trends
5. Major Fixed Mobile Convergence Market Drivers
……
25. Key Mergers And Acquisitions In The Fixed Mobile Convergence Market
26. Top Fixed Mobile Convergence Companies
27. Fixed Mobile Convergence Market Opportunities And Strategies
28. Fixed Mobile Convergence Market, Conclusions And Recommendations
29. Appendix

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