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MulteFire Market Worth $2,119 Million by 2025 - Exclusive Report by MarketsandMarkets™
[June 19, 2019]

MulteFire Market Worth $2,119 Million by 2025 - Exclusive Report by MarketsandMarkets™


CHICAGO, June 19, 2019 /PRNewswire/ -- According to the new market research report "MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography - Global forecast 2025", published by MarketsandMarkets™, the MulteFire market is projected to grow from USD 455 million in 2020 to USD 2,119 million by 2025, at a CAGR of 36.0%. Escalating demand for high-performance and easy-to-deploy wireless connectivity networks, increasing need for more scalable and better network connectivity for industrial IoT (IIoT) applications, growing requirement for cost-saving and high-capacity networks are the key factors propelling the growth of the MulteFire market.

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Small cells to dominate MulteFire market in 2020

Small cells expected to account for the largest share of the overall MulteFire market, by devices, by 2020. Moreover, the market for small cells is expected to grow at the highest CAGR during the forecast period. Growing adoption of advanced technologies such as LTE or 5G, rising mobile data traffic on existing networks, and increasing demand for higher bandwidth spectrum are a few major factors spurring the demand for small cells in the MulteFire market. Another major factor contributing to the small cell market growth is an escalating demand for reliable networks based on unlicensed and shared spectrums by industrial, commercial, and healthcare sectors.

Market for commercial application to grow at highest CAGR during forecast period

The commercial segment includes all commercial buildings and retail stores. Retail malls have a broad base of customers and often face the issue of limited data coverage. In commercial buildings, coverage is needed for all carriers. However, in commercial buildings, MulteFire-based small cell networks benefit operators by allowing them to perform multi-carrier operations. Increasing use of smart devices and growing percentage of internet penetration drive the growt of the MulteFire market for commercial applications.



Market in North America to grow at highest CAGR during forecast period

North America is expected to be the fastest-growing region in the MulteFire market. The region is transforming dynamically by adopting new technologies. Due to the optimum utilization of the licensed spectrum, mobile operators are focusing on using shared and unlicensed frequencies to fulfill the increasing demand for high-speed transmission of large volumes of data. Hence, several countries in North America, such as the US and Canada, would deploy MulteFire-based networks by 2020.


Browse in-depth TOC on "MulteFire Market"

37 – Tables

34 – Figures

109 – Pages

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Qualcomm (US), Nokia (Finland), Ericsson (Sweden), Huawei (China), Samsung (South Korea), Baicells Technologies (China), Casa Systems (US), Redline Communications (Canada), Ruckus Networks (US), SpiderCloud Wireless (US), Airspan (US), Athonet (Italy), ip.access (UK), Qucell (South Korea), and Quortus (UK)  are a few of the major companies dominating the MulteFire market.

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5G Infrastructure Market by Communication Infrastructure (Small Cell, RAN, Macro Cell), Network Technology (SDN, NFV, MEC, FC), Chipset Type (ASIC, RFIC), Application (Automotive, Consumer Electronics, Retail), and Geography - Global Forecast to 2026 

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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