Global MulteFire market is anticipated to grow at a CAGR of 31.5% during the forecast period (2024-2031). The market growth is driven by the increasing demand for high-performance wireless networks, especially in industrial settings fueled by the Internet of Things (IoT). Traditional options like Wi-Fi often get congested and struggle with the ever-increasing data demands. MulteFire boasts wider bandwidths compared to Wi-Fi, enabling lightning-fast data transfer for applications like industrial automation and remote monitoring. Additionally, the low latency minimizes delays in data transmission providing smoother operations, quicker decision-making, and the ability to handle a growing number of connected devices ensuring real-time responsiveness for critical processes. MulteFire inherits the robust security features from its cellular Long-Term Evolution (LTE) foundation. This is crucial for industrial applications where data security is paramount.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/multefire-market
Market Developments –
- In February 2023, Nokia and Kyndryl announced a three-year extension and expansion of their global network and edge partnership, with a focus on developing and delivering industry-leading LTE and 5G private wireless services and Industry 4.0 solutions to customers globally. Furthermore, Kyndryl and Nokia will launch a partner innovation lab in Raleigh, North Carolina, to bring advanced wireless connectivity and edge computing, integrated with a multi-factor zero trust model, converging IT and OT for enterprises.
- In June 2021, Nokia announced the availability of its new, industry-first MFA (MulteFire Alliance) certified 4.9G/LTE private wireless networking solution. Designed to open up private wireless for mass adoption by an entirely new range of customers, applications, and markets globally, the Nokia industrial MulteFire router 700 User Equipment (UE) was deployed with the Nokia Digital Automation Cloud (DAC).
Additionally, MulteFire technology offers a solution by leveraging a combination of LTE technology and unlicensed spectrums which allows for greater flexibility in deployment and scalability. This means MulteFire networks can easily adapt to accommodate a growing number of connected devices, a major advantage in an Industrial Internet of Things (IIoT) environment where sensors and machines are constantly being added.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Equipment Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Nokia Corporation, Qualcomm, Inc., Casa Systems, Inc., Samsung Electronics, and Huawei Technologies Co. Ltd, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global MulteFire Market Report Segment
By Equipment Type
- MulteFire Small Cells
- MulteFire related Controllers
- MulteFire related Switches
By End-User
- Commercial
- Education
- Healthcare
- Industrial Manufacturing
- Retail and Hospitality
- Transportation and Logistics
A full report of MulteFire Market available @ https://www.omrglobal.com/industry-reports/multefire-market
MulteFire Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Airspan Networks
- Aviat Networks, Inc.
- Baicells Technologies
- Casa Systems, Inc.
- Commscope
- Hewlett Packard Enterprise Company
- Intel Corp.
- Keysight Technologies, Inc.
- Qucell Networks Co. Ltd.
- Samsung Electronics Co. Ltd.
- Sercomm Corporation
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
