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The multefire market share is expected to increase by USD 1.92 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 33.55%. This report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
This multefire market research report extensively covers market segmentation by type (small cells, switches, and controllers) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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The multefire market report also offers information on several market vendors, including 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. among others.
Our report provides extensive information on the value chain analysis for the multefire market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for multefire in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The significant increase in the adoption of MulteFire technology-based networks and several initiatives taken by the vendors in the region, such as MulteFire Alliance, to explore opportunities in making LTE technologies available in the unlicensed band for varied applications, such as industrial manufacturing, mining, healthcare, and commercial, will facilitate the multefire market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 resulted in an increase in the internet traffic volume in various countries such as US and Canada. As the regional governments announced lockdowns, the offices and educational institutions opted for a remote working and learning model. Moreover, the traffic is expected to increase more in the forecast period, which further creates an opportunity for proper utilization of spectrum bands is to tackle the changes in internet traffic. Thus, the market is expected to grow in the forecast years.
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The multefire market share growth by the small cells segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for reliable and private networks. Furthermore, the continuously rising demand for the private network based on unlicensed and shared frequencies would accelerate the deployment of small cells for enterprise applications.
This report provides an accurate prediction of the contribution of all the segments to the growth of the multefire market size and actionable market insights on the post-COVID-19 impact on each segment.
The rising demand from the industrial sector is notably driving the multefire market growth, although factors such as lack of multefire devices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the multefire industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Multefire Market Driver
One of the key factors driving the global multefire industry growth is the rising demand from the industrial sector. As industrial infrastructure comprises various automated systems, such as robotics, drones, and virtual reality (VR) technology-based devices, which work in accordance with each other to develop a product or move it from one location to another. The use of such an automated system requires high-speed and low-latency data to maintain efficiency. Moreover, LTE offers extremely secured and high-bandwidth connectivity with predictable latency, but due to its high cost and the requirement for the licensed spectrum, the need for cost-effective high-speed networks is increasing. Hence, industrial manufacturers focus on using cost-effective and reliable Multefire technology-based LTE networks, which do not require the licensed spectrum or an anchor tenant. Other factors such as the rising adoption of industry 4.0 will further drive market growth during the forecast period.
Key Multefire Market Trend
Increasing digitalization is one of the key multefire market trends that is expected to impact the industry positively in the forecast period. The increasing demand for digitalization in industries such as banking, financial services and insurance (BFSI), information and communications technology (ICT), utilities, manufacturing, and healthcare is driving the demand for high-speed networks consequently, the global multefire market. Furthermore, the implementation of advanced technologies such as IoT, cloud computing, big data, and analytics are further helping in the structural integration of organizations with developments in information technology. Moreover, a cloud-based user provisioning system also helps to lower the per-person access cost significantly. Thus, the increasing technological advances and rising digitalization in various sectors would further create a demand for a more reliable and cost-effective network. Thus, it further will contribute to the growth of the market in the coming years.
Key Multefire Market Challenge
One of the key challenges to the global multefire industry growth is the lack of multefire devices. The MFA Certification Program provides end-users with confidence that MulteFire certified devices have passed interoperability testing and have conformance with the specifications. In June 2021, Nokia announced the availability of its new, industry-first MFA (MulteFire Alliance) certified 4.9G/LTE private wireless networking solution, MulteFire field router 700. It can be deployed with the certified Nokia MulteFire radio access point and Nokia Digital Automation Cloud (DAC) application platform. However, Nokia Industrial MulteFire field router 700 is the only certified multefire device that will support the multefire network. Thus, the lack of multefire supporting devices in the global market will further hinder the market growth in the forecast period.
This multefire market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global multefire market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the multefire market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the multefire market encompasses successful business strategies deployed by the key vendors. The multefire market is fragmented and the vendors are deploying growth strategies such as the increase in M&A activities to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The multefire market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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 |
$ 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 |
Key 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 recovery analysis 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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