Fixed Wireless Access is Essential to Bank Branch Network Flexibility

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?