Market Analysis
The global massive MIMO market size is predicted to grow at a 37.2% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. MIMO or massive multiple-input multiple-output, simply put, is a wireless technology which helps to transfer more data with multiple receivers and transmitters. It works on different technology such as 5G, LTE advanced pro, and LTE advanced. TDD, FDD, and others are its different spectrums. Owing to its alluring features and plentiful benefits, massive MIMO has wide applications in above 128T128R, 64T64R, 32T32R, 16t16R, and 8T8R.
Various factors are propelling the global massive MIMO market share. According to the recent MRFR report, such factors include the surging need for high-speed data, easy synchronization with previous-generation technology, and low latency, demand for consistent connectivity, rapid technological advances, and an increase in the number of smartphone users. Additional factors adding market growth include link reliability, high signal to noise ratio, growing significance of implementation of software in communication networks, and a huge reduction in latency on the air interface.
On the contrary, lack of standardization of spectrum allocation, high signal processing complexity for the huge use of multiplexing and antennas, and the ongoing COVID –19 impact are factors that may limit the global massive MIMO market growth over the forecast period.
Read more@ https://www.marketresearchfuture.com/reports/massive-mimo-market-6361
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global massive MIMO market based on technology, application, and spectrum.
By technology, the global massive MIMO market is segmented into 5G, LTE advanced pro, and LTE advanced. Of these, the LTE advanced technology will lead the market over the forecast period.
By application, the global massive MIMO market is segmented into above 128T128R, 64T64R, 32T32R, 16t16R, and 8T8R. Of these, the 64T64R application segment will dominate the market over the forecast period.
By spectrum, the global massive MIMO market is segmented into TDD, FDD, and others. The others segment is again segmented into OFDM and FBMC. Of these, the TDD spectrum will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the global massive MIMO market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. The increasing use of smartphones by users, especially for mobile banking and social media that results in ample data exchange, highest growth potential, rapid technological advancements, and increasing investments made by telecom companies, are adding to the global massive MIMO market growth in the region.
The global massive MIMO market in North America is predicted to have healthy growth over the forecast period. Burgeoning demand for security and surveillance applications, coupled with the growing demand for implementation of software in the communication network is adding to the global massive MIMO market growth in the region.
The global massive MIMO market in Europe is predicted to have sound growth over the forecast period. The growing number of laptop and mobile users, coupled with increasing investments for MIMO technology development, is adding to the global massive MIMO market growth in the region.
The global massive MIMO market in the RoW is predicted to have steady growth over the forecast period.
Key Players
Leading players profiled in the global massive MIMO market report include Deutsche Telekom AG (Germany), China Mobile Limited (China), Bharti Airtel Limited (India), Sprint Corporation (US), Verizon (US), ZTE (China), Huawei Technologies Co., Ltd. (China), and Nokia Corporation (Finland). Industry players have incorporated various strategies to stay at the forefront, such as mergers, partnerships, new product launches, and more.
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