From Globe Newswire: 2025-06-11 10:00:00

The MulteFire Market size was valued at USD 1.6 billion in 2023, projected to reach USD 19.6 billion by 2032, with a CAGR of 31.69%. In the U.S., the market was valued at USD 9.85 billion in 2023, expected to reach USD 61.4 billion by 2032, driven by demand for private LTE in various sectors.

Key players in the MulteFire market include Nokia, Qualcomm, Huawei, Ericsson, Samsung, Intel, and more. Small cells dominate the equipment type segment, while controllers are expected to register the fastest CAGR due to increasing demand for network management and control.

Commercial & institutional buildings lead in end-user segment, while healthcare is expected to grow fastest due to increased use of wireless communication for telemedicine and patient monitoring. North America dominates the market, with Asia-Pacific growing fastest due to urbanization and government focus on digitization.

Recent developments in 2024 include Nokia’s next-generation MulteFire small cell solution, Ericsson’s collaboration with Amazon Web Services, and Qualcomm’s enhanced MulteFire chipset. SNS Insider is a leading market research and consulting agency providing clients with current market data and insights to make informed decisions.



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