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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Multefire Market Trends
The trend of deploying private LTE networks using MulteFire technology across various sectors such as enterprises, education, and healthcare is gaining momentum due to several compelling advantages over traditional Wi-Fi networks. By deploying a private LTE network with MulteFire, organisations gain full control over their network infrastructure which allows for customised security policies, better management of network access, and the ability to quickly address security threats, providing a level of security hard to achieve with public networks or traditional Wi-Fi.
Players in the multefire market are launching innovative networking solutions with the Multefire Alliance certification. In June 2021, Nokia announced the launch of its 4.9G/LTE private wireless networking solution with MulteFire Alliance certification which indicates a significant advancement in wireless technology for private networks.
Multefire Market Report Snapshots
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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Key Questions Answered in the Report
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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