Fixed Mobile Convergence Market Size, Share, Trends, Growth and Forecast 2032

Fixed Mobile Convergence Industry Prospective:

The global fixed mobile convergence market size was worth around USD 4.1 billion in 2023 and is predicted to grow to around USD 11.8 billion by 2032 with a compound annual growth rate (CAGR) of roughly 12.5% between 2024 and 2032. 

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Fixed Mobile Convergence Market: Overview

The movement towards perfect connectivity between fixed and wireless telecommunications networks is fixed mobile convergence. The term also characterizes any physical network that enables the seamless operation of cellular phone sets using the architecture of a fixed network. FMC's ultimate objective is to maximize the transmission of all data, phone, and video communications to and among end users, independent of their devices or locations.

FMC denotes in the more foreseeable future that one device can connect via and be switched between wired and wireless networks. Sometimes, FMC is considered a means of bucking the trend towards fixed-mobile substitution (FMS), which is growing inclination of consumers and companies to replace cordless or hard-wired landlines for cell phones.

Key Insights

• As per the analysis shared by our research analyst, the global fixed mobile convergence market is estimated to grow annually at a CAGR of around 12.5% over the forecast period (2024-2032).
• In terms of revenue, the global fixed mobile convergence market size was valued at around USD 4.1 billion in 2023 and is projected to reach USD 11.8 billion by 2032.
• The rapid expansion of 5G infrastructure is expected to drive the fixed mobile convergence market over the forecast period.
• Based on convergence, the network convergence segment is expected to dominate the fixed mobile convergence market over the forecast period.
• Based on mode, the dual mode segment is expected to hold the largest market share over the forecast period.
• Based on component, the voice segment is expected to capture a significant revenue share over the forecast period.
• Based on end user, the IT & telecommunication segment is expected to hold the largest market share over the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

Fixed Mobile Convergence Market: Growth Drivers

Rising demand for integrated services drives market growth

The growing demand from customers for integrated services is driving growth in the fixed mobile convergence sector. Consumers want communication experiences that are smooth and consistent across mobile and fixed-line networks. By offering a unified system that permits integrated phone, data, and multimedia services, FMC meets this need. Increased cost-effectiveness, convenience, and connectivity are advantageous to both individuals and businesses. FMC usage is growing as consumer demand for integrated services rises, propelling market expansion and innovation in response to changing consumer demands.

Fixed Mobile Convergence Market: Restraints

Regulatory challenge hinders market growth

Various government regulations may provide difficulties for the market. It can be difficult and expensive to comply with regulatory standards for data privacy, security, and spectrum allocation. Furthermore, the smooth integration of fixed and mobile networks may be impeded by disparate legislation in different countries. The fixed mobile convergence industry expansion may be impeded by navigating these regulatory obstacles, ensuring FMC solutions satisfy compliance requirements, necessitating that companies adjust and invest in solutions that are consistent with the changing legal environment.

Fixed Mobile Convergence Market: Opportunities

Increasing adoption of 5G technology offers a lucrative opportunity for market growth

The fixed mobile convergence industry is predicted to expand in the coming years, driven by the quick acceptance of 5G technologies. Offering higher data rates, reduced latency, and more capacity than earlier 4G networks, 5G marks the fifth generation of cellular network technology. Rising data traffic, more capacity and connection, and better mobile broadband services boost demand for 5G among other things. 5G's enormous bandwidth and flawless connectivity let fixed and mobile networks be seamlessly integrated, therefore enabling constant handovers between Wi-Fi and cellular networks. Giving consumers faster speeds and consistent connections across several devices and places helps fixed mobile convergence flourish.

For instance, global 5G wireless connections rose by 76% from the end of 2021 to the end of 2022, hitting 1.05 billion connections, and are anticipated to reach 5.9 billion connections by the end of 2027, according to 5G Americas in April 2023. Consequently, the explosion in 5G technology is driving the growth of the fixed mobile convergence industry.

Fixed Mobile Convergence Market: Challenges

Security concerns pose a major challenge to market expansion

The fixed mobile convergence market is significantly hampered by security concerns. The attack surface for possible cybersecurity risks is increased when fixed-line and mobile networks are integrated for smooth communication. Voice communication and sensitive data must be protected at all costs. It becomes essential to guarantee strong security protocols, adhere to legal requirements, and instruct users on appropriate practices. Security is a major issue for the expansion and development of the industry since any breach or vulnerability can reduce user trust and prevent the adoption of FMC solutions.

Fixed Mobile Convergence Market: Report Scope

Fixed Mobile Convergence Market: Segmentation

The global fixed mobile convergence industry is segmented based on convergence, mode, component, end user, and region.

Based on convergence, the global fixed mobile convergence market is segmented into network convergence, device convergence, and application convergence. The network convergence segment is expected to dominate the fixed mobile convergence market over the forecast period. Through network convergence, telecom companies can lower operating costs and simplify their infrastructure by eliminating the need to operate distinct fixed and mobile networks. Operators can reduce their capital expenditures (CapEx) and operational expenses (OpEx) by utilizing shared resources across networks.

Based on mode, the global fixed mobile convergence industry is bifurcated into dual mode and single mode. The dual mode segment is expected to hold the largest market share over the forecast period. Dual mode technology, which facilitates smooth and effective service delivery over fixed and mobile networks, is a crucial part of the Fixed Mobile Convergence (FMC) business. By drawing in more clients, raising ARPU, and opening up new business prospects, it improves customer satisfaction, reduces expenses, and boosts revenue.

Based on component, the global fixed mobile convergence market is bifurcated into voice, videotelephony, social networking, broadband internet, and broadband TV. The voice segment is expected to capture a significant revenue share over the forecast period. Most customers still consider phone services essential, and telecom operators can differentiate themselves from rivals by providing dependable, high-quality call services over fixed and mobile networks. Customer loyalty is increased by the ability to give constant call quality, minimize service interruptions, and integrate voice calls effortlessly.

Based on end user, the global fixed mobile convergence industry is bifurcated into home users, enterprises, IT & telecommunication, BFSI, automotive, healthcare, media & entertainment, and government. The IT & telecommunication segment is expected to hold the largest market share over the forecast period due to the growing investment in 5G infrastructure.

Fixed Mobile Convergence Market: Regional Analysis

North America dominates the market over the projected period

North America is expected to dominate the global fixed mobile convergence market. One of the main factors influencing the adoption of FMC in North America is the implementation of 5G networks. The success of FMC services depends on 5G's increased capacity, low latency, and quicker data rates. Superior mobile internet, high-quality phone, and video services that seamlessly interact with fixed broadband networks are all possible with 5G.

Furthermore, unified communication (UC) services are becoming more and more in demand, particularly from North American businesses. Businesses are searching for solutions that integrate collaboration tools, voice, video, and instant messaging via both fixed and mobile networks. Businesses may increase productivity and collaboration by streamlining their communication infrastructure with the aid of FMC services.

Fixed Mobile Convergence Market: Competitive Analysis

The global fixed mobile convergence market is dominated by players like:

• 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.

The global fixed mobile convergence market is segmented as follows:

By Convergence

• Network Convergence
• Device Convergence
• Application Convergence

By Mode

• Dual Mode
• Single Mode

By Component

• Voice
• Videotelephony
• Social Networking
• Broadband Internet
• Broadband TV

By End User

• Home Users
• Enterprises
• IT & Telecommunication
• BFSI
• Automotive
• Healthcare
• Media & Entertainment
• Government

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa