The MulteFire market is projected to grow from USD 455 million in 2020 to USD 2,119 million by 2025; it is estimated to grow at a CAGR of 36.0% during the forecast period. Rising need for more scalable and better network connectivity for industrial IoT (IIoT) applications and increasing demand for high-performance and easy-to-deploy wireless connectivity networks are the key factors driving the growth of the MulteFire market.
Key players operating in the ion milling system market include Qualcomm (US), Nokia (Finland), Ericsson (Sweden), Huawei (China), Samsung (South Korea), Baicells Technologies (China), Casa Systems (US), Redline Communications (Canada), Ruckus Networks (US), SpiderCloud Wireless (US), Airspan (US), Athonet (Italy), ip.access (UK), Qucell (South Korea), and Quortus (UK). Many of the leading players are focusing on the implementation of organic growth strategies, such as product launches/developments; agreement, collaboration, contracts and partnerships; expansion; and acquisitions to boost their revenue.
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Top 3 players in the MulteFire market:
Qualcomm (US): Qualcomm is a major company in semiconductor and telecommunication equipment manufacturing. Founded in 1985 and headquartered in California, US, Qualcomm is a leading mobile technology provider who is engaged in designing and marketing wireless telecommunications products and services. The company operates through 3 business segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. The Qualcomm CDMA Technologies segment develops and supplies integrated circuits and system software based on technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The Qualcomm Technology Licensing segment provides rights to use portions of the firms intellectual property portfolio. The Qualcomm Strategic Initiatives segment invests in the technology, design, and introduction of products and services for voice and data communications. Qualcomm is one of the founding members of MulteFire Alliance with Nokia Networks. Qualcomm is one of the founding members of MulteFire Alliance. In August 2017, Qualcomm Technologies (Subsidiary of Qualcomm), Verizon, Ericsson, and Federated Wireless announced the use of CBRS band 48 spectrum in an LTE-advanced carrier aggregation demonstration for the first time
Nokia (Finland): Nokia is one of the most significant information technology and consumer electronics companies. Founded in 1865 and headquartered in Espoo, Finland, Nokia Corporation is engaged in the worldwide network and technology businesses. It provides mobile networking solutions, including hardware and software, as well as related services, to telecommunications operators, enterprises, and similar markets. It mainly operates through 2 business segments: Nokia Technologies and Nokia’s Networks Business, which is further segmented into Mobile Networks, Fixed Networks, Global Services, IP/Optical Networks, and Nokia Software. The company has worldwide presence in more than 130 countries with operations in Europe, the Middle East and Africa, Greater China, North America, Asia Pacific, India, and Latin America. Nokia offers small cells for MulteFire. The company’s Flexi Zone MulteFire Multiband Pico BTS is designed to allow industries, enterprises, smart cities, and mobile operators to deploy their private LTE networks globally for enhancing their operations, as well as innovating and expanding their global footprint.
Ericsson (Sweden): Ericsson is one of the leading networking and telecom companies. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson provides information and communications technology solutions for networks, IT and cloud, and media markets across the world. The company operates through 4 segments: Networks, Digital Services, Managed Services, and Other. In January 2018, the company added the business area called Emerging Business. The company’s network solutions support all radio access technologies, and offers hardware, software, and related services for radio access and transport. Ericsson Radio Dot System (RDS) provides a flexible, cost-effective architecture and better network performance. It combines centralized baseband and radio units with visually low-impact antennas. It supports CBRSS Band 48.
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography - Global forecast 2025
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