USD 1.92 Bn Growth in Multefire Market, Majority of Market Growth to Originate from North America - Technavio
NEW YORK, Sept. 19, 2022 /PRNewswire/ -- The multefire market size is expected to grow by USD 1.92 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 33.55% during the forecast period. The rising demand from the industrial sector is driving the multefire market growth. However, factors such as lack of multefire devices may challenge market growth.
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Multefire Market 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the multefire market include Casa Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., InterDigital Inc., Nokia Corp., Qualcomm Inc., Qucell Inc., Redline Communications Group Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Athonet Srl, and Sony Group Corp. The key offerings of some of these vendors are listed below:
Huawei Investment and Holding Co. Ltd. - The company offers multefire, which is an LTE-based technology that operates standalone in unlicensed and shared spectrum, including the global 5 GHz band.
Intel Corp. - The company offers multefire technology which delivers higher performance in local area networks.
InterDigital Inc. - The company offers multefire, which operates solely in unlicensed spectrum without requiring an LTE anchor in licensed spectrum.
Small Cells: The small cells segment will be the largest contributor to market growth during the forecast period. The significant rise in the demand for reliable and private networks is driving the growth of this segment. Moreover, the continuously increasing demand for private networks based on unlicensed and shared frequencies would accelerate the use of small cells for enterprise applications.
Switches
Controllers
Geography
North America: This region will account for 37% of the market's growth during the forecast period. The growth is attributed to factors such as a significant rise in the adoption of multefire technology-based networks. Several initiatives taken by vendors to explore opportunities in making LTE technologies available in the unlicensed band for varied applications are also driving the growth of the market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US and Canada are the key countries for the multefire market in North America.
Europe
APAC
South America
Middle East And Africa
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Multefire Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist multefire market growth during the next five years
Estimation of the multefire market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the multefire market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of multefire market vendors
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Multefire Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 33.55%
Market growth 2022-2026
USD 1.92 billion
Market structure
Fragmented
YoY growth (%)
32.98
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 37%
Key consumer countries
US, Canada, China, UK, and Germany
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Casa Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., InterDigital Inc., Nokia Corp., Qualcomm Inc., Qucell Inc., Redline Communications Group Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Athonet Srl, and Sony Group Corp.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 131: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 132: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 133: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 134: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 135: Telefonaktiebolaget LM Ericsson - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 136: Inclusions checklist
Exhibit 137: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 138: Currency conversion rates for US$
11.4 Research methodology
Exhibit 139: Research methodology
Exhibit 140: Validation techniques employed for market sizing
Exhibit 141: Information sources
11.5 List of abbreviations
Exhibit 142: List of abbreviations
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