What is the expected growth rate for the enterprise and campus wireless market in the coming years 
ecurring revenue as-a-service business model, absolutely that model has a higher margin potential going forward. But of course, that will be evolutionary development over the coming years.
David Mulholland
Thank you, Richard. We'll now take our last question from Fredrik Lithell from Handelsbanken. Please go ahead. 
Fredrik Lithell -- Handelsbanken Markets -- Analyst
Thank you very much. Thank you for taking my question. I would like to tap your brain a little bit on the enterprise 5G again, and maybe single out the wrong market aspect of enterprise 5G for the coming years. And if you could for us sort of frame a little bit what the potential in terms of RAN market growth is coming from sort of new segments, if you like.
Take wireless access, I mean, we've been talking about FWA for several years now, but it's still to show in how it contributes to RAN or to Mobile Networks revenue generation in coming years. So could you sort of talk a little bit about the potential when it comes to enterprise 5G and how that sort of trickles down into the RAN market value, if you like. Thank you.
Pekka Lundmark -- President and Chief Executive Officer
We are, first of all, strong believers in the potential of the enterprise and campus wireless. It's a market that we have noted that is extremely hard to estimate on a detailed level that how fast that growth will be because it could swing a lot between the extremes. The only thing that is certain that it will grow substantially faster than the carrier, RAN market. It starts from a low level.
So we will certainly see years where the market can grow at least 30%, 35%, if not more, while the carrier market most likely over time is in the low single digits. You mentioned fixed wireless access. That is actually a market that now driven by the new 5G-based systems is driving a lot of growth. And that is in addition to passive optical networks is one key reason why our Fixed Networks business is growing so fast.
Remember, in our model, fixed wireless access is in Network Infrastructure, in Fixed Networks business, it's not in Mobile Networks, even though technically, of course, we are delivering radios there. So we are bullish about the market potential. But unfortunately, I mean, I'm not able to and I don't think anyone is able to detail that how much exactly the growth will be over the coming years.
David Mulholland
Thank you, Fredrik. Ladies and gentlemen, this concludes today's call. If you have any outstanding questions, please do feel free to reach out to the investor relations team. I'd like to remind you that during the call today, we've made a number of forward-looking statements that involve risks and uncertainties.
Actual results may therefore differ materially from the results currently expected. Factors that could cause such differences can be both external as well as internal operating factors. We have identified such risks in the risk factors section of our annual report on Form 20-F, which is available on our investor relations website. With that, thank you very much.
Operator
[Operator signoff]
Duration: 63 minutes
Call participants:
David Mulholland
Pekka Lundmark -- President and Chief Executive Officer
Marco Wiren -- Chief Financial Officer
Andrew Gardiner -- Citi -- Analyst
Simon Leopold -- Raymond James -- Analyst
Frank Maao
Alex Duval -- Goldman Sachs -- Analyst
Peter Nielsen -- ABG Sundal Collier -- Analyst
Francois Bouvignies -- UBS -- Analyst
Artem Beletski -- SEB -- Analyst
Alex Peterc -- Societe Generale -- Analyst
Rob Sanders -- Deutsche Bank -- Analyst
Sami Sarkamies -- Nordea Markets -- Analyst
Sandeep Deshpande -- J.P. Morgan -- Analyst
Richard Kramer -- Arete Research -- Analyst
Fredrik Lithell -- Handelsbanken Markets -- Analyst
More NOK analysis
All earnings call transcripts
ecurring revenue as-a-service business model, absolutely that model has a higher margin potential going forward. But of course, that will be evolutionary development over the coming years.
David Mulholland
Thank you, Richard. We'll now take our last question from Fredrik Lithell from Handelsbanken. Please go ahead. 
Fredrik Lithell -- Handelsbanken Markets -- Analyst
Thank you very much. Thank you for taking my question. I would like to tap your brain a little bit on the enterprise 5G again, and maybe single out the wrong market aspect of enterprise 5G for the coming years. And if you could for us sort of frame a little bit what the potential in terms of RAN market growth is coming from sort of new segments, if you like.
Take wireless access, I mean, we've been talking about FWA for several years now, but it's still to show in how it contributes to RAN or to Mobile Networks revenue generation in coming years. So could you sort of talk a little bit about the potential when it comes to enterprise 5G and how that sort of trickles down into the RAN market value, if you like. Thank you.
Pekka Lundmark -- President and Chief Executive Officer
We are, first of all, strong believers in the potential of the enterprise and campus wireless. It's a market that we have noted that is extremely hard to estimate on a detailed level that how fast that growth will be because it could swing a lot between the extremes. The only thing that is certain that it will grow substantially faster than the carrier, RAN market. It starts from a low level.
So we will certainly see years where the market can grow at least 30%, 35%, if not more, while the carrier market most likely over time is in the low single digits. You mentioned fixed wireless access. That is actually a market that now driven by the new 5G-based systems is driving a lot of growth. And that is in addition to passive optical networks is one key reason why our Fixed Networks business is growing so fast.
Remember, in our model, fixed wireless access is in Network Infrastructure, in Fixed Networks business, it's not in Mobile Networks, even though technically, of course, we are delivering radios there. So we are bullish about the market potential. But unfortunately, I mean, I'm not able to and I don't think anyone is able to detail that how much exactly the growth will be over the coming years.
 David Mulholland
Thank you, Fredrik. Ladies and gentlemen, this concludes today's call. If you have any outstanding questions, please do feel free to reach out to the investor relations team. I'd like to remind you that during the call today, we've made a number of forward-looking statements that involve risks and uncertainties.
Actual results may therefore differ materially from the results currently expected. Factors that could cause such differences can be both external as well as internal operating factors. We have identified such risks in the risk factors section of our annual report on Form 20-F, which is available on our investor relations website. With that, thank you very much.
Operator
[Operator signoff]
Duration: 63 minutes
Call participants:
David Mulholland
Pekka Lundmark -- President and Chief Executive Officer
Marco Wiren -- Chief Financial Officer
Andrew Gardiner -- Citi -- Analyst
Simon Leopold -- Raymond James -- Analyst
Frank Maao
Alex Duval -- Goldman Sachs -- Analyst
Peter Nielsen -- ABG Sundal Collier -- Analyst
Francois Bouvignies -- UBS -- Analyst
Artem Beletski -- SEB -- Analyst
Alex Peterc -- Societe Generale -- Analyst
Rob Sanders -- Deutsche Bank -- Analyst
Sami Sarkamies -- Nordea Markets -- Analyst
Sandeep Deshpande -- J.P. Morgan -- Analyst
Richard Kramer -- Arete Research -- Analyst
Fredrik Lithell -- Handelsbanken Markets -- Analyst
More NOK analysis
All earnings call transcripts