96626-Fixed Wireless Access is Essential to Bank Branch Network Flexibility (article)

Fixed Wireless Access is Essential to Bank Branch Network Flexibility (article)

Retail banks are facing new challenges in 2023: network infrastructure upgrades and bank consolidation in response to a number of factors.

According to Gartner, when it comes to branch connectivity, the rush to embrace cloud IT, the growing number of hybrid work policies, and the ever-increasing demand for more bandwidth fuel investment in enterprise data networks.

Along those lines, Gartner predicts that by 2025, 40% of enterprise locations will use internet access as their only wide-area network, compared to just 25% in 2022. Enterprise spending on 5G-based fixed wireless access is expected to grow from $0.7 billion in 2023 to $3.5 billion in 2025. Why is wireline connectivity becoming less desirable, and how fixed wireless access (FWA) can better support branch office connectivity?

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What is your top connectivity challenge?

Limited connectivity provider options (especially in rural areas) Slow or cumbersome service installation or deployment Complex pricing and contracts Sluggish service performance and reliability Fluctuating bandwidth needs

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Fixed Wireless Access is Essential to Bank Branch Network Flexibility (article)

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