LAS VEGAS, Oct. 21, 2013 /PRNewswire/ -- Ubiquiti Networks, Inc. (NASDAQ: UBNT) ("Ubiquiti") today introduced its next-generation airMAX®, airFiber™ and EdgeMAX™ products, which will enable wireless Internet service providers (WISPs) to provide broadband Internet access to millions of homes and businesses—many for the first time. Ubiquiti also announced the beta release of the Ubiquiti World Network™, an alliance of WISPs that will help incite even greater growth for fixed wireless broadband. The announcements were made at WISPAPALOOZA 2013 held last week in Las Vegas.
With Ubiquiti's next-gen product line up and Ubiquiti World Network™, WISPs will be able to leverage the company's fixed wireless access technologies to grow their capacity, reach previously inaccessible geographies, provide competitive service packages, and reduce installation time.
"We believe fixed wireless access technology is among the most cost effective and capital-efficient ways to bring Internet connectivity to underserved communities around the world," said Robert J. Pera, CEO at Ubiquiti Networks. "With our next-generation infrastructure platform, our WISP customers can tap into a large, high growth market that is uniquely positioned to help close the digital divide and create greater social equality."
In a recent study conducted by research firm IDC, Fixed Wireless Access: Global and Regional Market Opportunity, it was estimated that fixed wireless access is growing at 21.8% CAGR through 2017, making it one of the fastest-growing broadband access technologies and the most viable alternative to cable, DSL, fiber and satellite. This growth represents a projected $5.9B service revenue opportunity for service providers in 2014.Ubiquiti's innovative technology and disruptive pricing combine to make fixed wireless broadband an increasingly attractive technology for Internet connectivity. Fixed wireless connections have a rapid ROI for operators, do not require 'last mile' trenching or cabling, and can be deployed in areas with limited infrastructure.
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