Global Femtocell Market is valued at approximately USD 3.8 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.3 % over the forecast period 2021-2027. Increased mobile traffic and a shortage of network in multitenant buildings, hotels, and office towers are the key drivers for femtocells in the commercial sector. This method has the advantage of being less expensive and more adaptable. The Internet of Things has reshaped business models, value chains, and entire industry topologies, transforming all industries. Indoor coverage is provided by femtocells, which have been able to meet the needs of smart devices and provide cheap connection across the organization. Various variables have aided the expansion of the market examined, ranging from manufacturing industries adopting Industry 4.0 to corporate organizations pushing the BYOD policy. Smart city initiatives have been essential in encouraging vendors to develop products that are specific to smart city applications, and they have also been useful in pushing vendors to develop goods that are specific to smart city applications. For example, NXP Semiconductor, has unveiled a femtocell solution aimed at high-bandwidth, low-power baseband applications. The system is tailored for LTE and WCDMA (HSPA+) to provide smart city development with reduced cost and power. The market’s players are bringing a lot of new things to the table, through a lot of mergers and acquisitions.
- In January 2018: Nokia launched the world’s first MulteFire(TM) small cell, which allows businesses, industries, smart cities, and managed service providers (MSPs) to use global unlicensed spectrum to build high-capacity, secure, and high-coverage private LTE networks.
- In June 2019: Ericsson, MediaTek and China Telecom achieve 5G SA data call with a commercial chipset-based terminal. The company’s 5G Core, which is built on an established cloud platform, will aid in the commercialization of 5G and enable new use cases in new markets.
However, lack of skilled professional across industries may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Femtocell Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to rapid growth in the telecommunication sector such as adoption of 5G and rise in need for internet provider device in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to major shift toward digital transformation and the technological advancement in countries, including China, South Korea, and Japan.
Major market player included in this report are:
Juniper Networks Inc.
Airwalk Communications Inc.
Vodafone Group Plc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018,2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Femtocell Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers