Global Massive MIMO Technology Market Forecasted to Expand at a Notable CAGR of 39.5% During Period 2018-2026
Albany, NY -- (SBWire) -- 08/10/2018 --Presently, MIMO principles are already in use in several Wi-Fi and 4G standards, Massive MIMO will really play a part in 5G. Indeed, it's extensively expected that Massive MIMO will be a significant enabler and foundational component of 5G. Recently, a fresh study titled "Massive MIMO Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026" has been broadcasted to the wide repository of Market Research Hub (MRH), which delivers a holistic perspective on the expansion of the market, in terms of revenue (in US$ Mn), across different geographical regions. According to the research key findings, the Massive MIMO technology market is expected to reach US$ 20,852.2 Mn by 2026 and is projected to expand at an outstanding CAGR of 39.5%from 2018 to 2026.
Worldwide, the research study finds that advancements in 4.5G technology, improved SNR (signal to noise ratio) and link reliability and expected launch of 5G in 2019 are primary factors that are expected to boost the market during the forecast period. In the coming years, a Massive MIMO network will also be more reactive to devices spreading in higher frequency bands, which will improve coverage.
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Geographical Scenario and Segmental Analysis
This 268-pages research report analyzes and forecasts the Massive MIMO technology market at the global and regional level. The geographical analysis of the research represents future opportunities and key trends expected to have great impact on the market growth. Regions highlighted in this study include South America, Europe, North America, Middle East & Africa, and APAC. It has been analyzed that the market in Asia Pacific is anticipated to magnify at a tremendous CAGR of around 40% during the forecast period. The prime factor behind this region is the presence of well-established players.
Moreover, the research primarily categorized the market on the basis of including antennas, spectrum, and technology. Based on antennas type, the massive MIMO technology market is segmented into 8T8R, 16T16R & 32T32R, 64T64R, and 128T &128R and above. By spectrum, the market is divided into TDD and FDD. In terms of technology, the massive MIMO technology market is classified into LTE advanced, LTE advanced pro, and 5G. For each segment, the research provides knowledge of strong areas of the market. These segments are analyzed on the basis of present and future trends.
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In the later part, the report contains details about the competitive landscape of the market. This section offers a dashboard view of the key companies along with market share and company profiles. At present, well-established players operating in the market including Huawei Technologies Co., Ltd., Nokia Corporation, and ZTE Corporation among others.
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