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The global multefire market reached approximately USD 12.82 billion in 2023. The market is projected to grow at a CAGR of 35% between 2024 and 2032.
MulteFire is an LTE-based technology that operates standalone in unlicensed and shared spectrum, including the global 5 GHz band and it supports private LTE and neutral host deployment models. MulteFire enables entities such as mobile network operators, enterprises, and industrial sectors to deploy their LTE-based solutions in unlicensed or shared spectrum, ensuring a reliable and secure high-speed wireless network.
One of the major factors driving the multefire market growth is the rising need for more scalable and enhanced network connectivity for industrial IoT (IIoT) applications, coupled with the growing preference for high-capacity and easy-to-install wireless connectivity networks. With the advancement in technology, the deployment of the 5G network has increased, which will further aid the market growth. Moreover, several initiatives taken by the multefire alliance to enhance business and provide substantial growth opportunities to players are expected to drive the growth of the market over the forecast period. MulteFire also offers advantages over traditional Wi-Fi networks, including improved mobility support and enhanced security features inherent to LTE which makes it an attractive option for applications requiring seamless mobility and high security.
Multefire Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 12.82 billion.
The market is projected to grow at a CAGR of 35% between 2024 and 2032.
The major drivers of the market include the growing preference for high-capacity and easy-to-install wireless connectivity networks, deployment of 5G networks, several initiatives taken by multefire alliance to enhance business, and growing demand for reliable and private networks.
Growing demand for scalable and improved connectivity in industrial IoT and advancements in technology are the key trends propelling the market’s growth.
The major regions in the market are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific, with North America accounting for the largest share in the market.
The equipment types in the global multefire market include small cells, switches, and controllers.
The end uses include industrial manufacturing, transportation, commercial, healthcare, public venues, hospitality, power generation, and oil and gas, and mining, among others.
The major players in the market are Qualcomm Incorporated, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and BaiCells Technologies, among others.
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