MulteFire is an advanced networking technology that simplifies network deployment and removes the need for mobile network operators. It is based on similar technologies such as Listen Before Talk (LBT). In an unlicensed spectrum, MulteFire works well with other technologies such as Wi-Fi, LTE-U, or LAA. They offer enhanced coverage as compared to the conventional networking technologies. There are several other factors which make MulteFire superior than other is improved mobility and increased capacity, hence leading to better user experience.
Some of the other factor expected to drive the global MultiFire market are mentioned as below, have a look-
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• Need to improve network connectivity for industrial IoT (IIoT) applications is strong factor expected to drive the MulteFire market in the coming few years. Further growing number of unlicensed or shared spectrum is another important factor likely to boost market’s prospects.
• Prominent players in the MulteFire market are focusing on several strategies such as partnership and collaboration to stay competitive in the market. For instance, in February 2019, US Cellular signed a multi-year partnership agreement with Ericsson for 5G New Radio equipment to build its 5G network. Such development in the market are expected to offer lucrative gains to the MulteFire market.
• In addition to this, low cost operation of MulteFire networking technology that conventional technology is prompting industrial players to adopt these technologies. This is another vital factor expected to boost the growth of the global MulteFire market.
• However, factors like incompatibility of the MulteFire based networking technology with the existing infrastructure is expected to hinder growth of the global MulteFire market.
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• Further, easy to deploy and high-quality services offered by MulteFire technology-based private LTE networks are some other factor projected to boost the prospects of the MulteFire market.