Portland, OR, Nov. 19, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global massive MIMO market was pegged at $1.09 billion in 2019 and is anticipated to hit $15.79 billion by 2027, registering a CAGR of 35.3% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning stratagems, drivers & opportunities, market size & estimations, competitive landscape, and fluctuating market trends.
Rise in adoption of 5G network technology, technical advantages of massive MIMO, ease in deployment of the system fuel the growth of the global massive MIMO market. On the other hand, lack of TDD spectrums around the world impedes the growth to some extent. However, development of indoor massive MIMOs is expected to create lucrative opportunities in the industry.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/7560
Covid-19 scenario-
- After the outbreak of the pandemic, there’s been a steep increase in the trend of remote working system which propelled toward higher adoption of 5G technology. This factor has impacted the global massive MIMO market positively.
- Also, the fact that the technology entails minimized manpower has boosted the market.
The global massive MIMO market is analyzed across technology, spectrum, and region. Based on technology, the LTE advance pro segment accounted for more than two-fifths of the total market share in 2019 and is expected to maintain the lion’s share by 2027. The 5G segment, on the other hand, would grow at the fastest CAGR of 44.6% throughout the forecast period.
Based on spectrum, the TDD segment contributed to more than four-fifths of the total market revenue in 2019 and is anticipated to dominate from 2020 to 2027. Simultaneously, the FDD segment would register the fastest CAGR of 43.7% till 2027.
Based on region, North America held the highest share in 2019, generating nearly two-fifths of the global market. At the same time, Asia-Pacific would manifest the fastest CAGR of 42.8% from 2020 to 2027. The other two regions studied in the report include Europe and LAMEA.
Enquire For More Details: https://www.alliedmarketresearch.com/request-sample/7560
The key market players analyzed in the global massive MIMO market report include Huawei, NOKIA, SAMSUNG, ZTE, Verizon, Sprint, Ericsson, Deutsche Telekom, China Mobile, and Airtel. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.
Access Avenue (Premium on-demand, subscription-based pricing model): https://www.alliedmarketresearch.com/Avenue-Membership-details?utm_source=SEO_SEMI&utm_medium=AMR_Prat
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Related Exclusive Reports:
Telecom Electronic Manufacturing Service Market by Product Type (Computing Devices & Equipment, Servers & Routers, RF & Microwave, Fiber Optic Devices, Transceivers & Transmitters, and Others), and Service (Electronic Design and Engineering, Electronics Assembly, Electronic Manufacturing, Supply Chain Management, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
Wireless Connectivity Technology Market By Technology (Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, and Others), and Application (Consumer Electronics, Automotive & Transportation, Healthcare, Aerospace & Defense, IT & Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.