Global Femtocell Market is Expected To Grow?

Global Femtocell Market is Expected To Grow?

According to a new report by Allied Market Research titled “Femtocell Market (Types, Technology, Applications and Geography) – Global Analysis, Trends & Forecast through 2020,” technological advancements and falling device costs will drive the global femtocell market to a market value of $3.712 billion in 2020, up from $304.8 million in 2013. Wincreasing demand from consumers for connectivity for their mobile devices where ever they are, the market for femtocell devices is expected to grow.

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Femtocells are cellular base stations used to provide wireless connectivity for mobile devices such as smart phones. The global femtocell device market was valued at $220.0 million in 2012 and is expected to grow at CAGR of 42.9% during 2013-2020. Increase in applications of Smartphone for availing value added services has fueled the growth of femtocell market. Reductions in cost of electronic equipments such as mobile phones, laptops and other internet devices have increased the demand for femtocell. The growth of femtocell market in developing economies is hampered due to the higher cost. High initial investment required for the setup and the limited usage in home based applications of femtocell does not justify the investment made by consumers in the Asian countries. Flexibility in networking technology trends is also reducing the revenue for femtocell device and service market. The global femtocell market has enormous potential in developing economies in future, as companies are trying to explore the untapped market of mobile users, especially in China and India. Source

The transition of femtocell technologies from one generation to another is increasing the importance of the femtocell devices. The companies are gaining competitive advantage by manufacturing advanced femtocells. The commercialization of multimode femtocell has diversified the applications of 3G and 4G femtocell.