Spurred by the growth in 4G LTE connections worldwide, the 4G Femtocells market is forecast to grow at a CAGR of 106.9% from 2013 to 2020. The overall femtocells market is expected to grow at a CAGR of 42.9% during the same period. These figures, reported by Allied Market Research in their recent research titled "Femtocell Market (Types, Technology, Applications and Geography) - Global Analysis, Trends & Forecast through 2020," will see the total value of the femtocells market reaching $3,712 million by 2020 from $304.8 million in 2013.
Allied Market Research enlists the widespread adoption of smart devices and high speed data connections, specifically 3G and 4G LTE globally, as the major drivers for the growth in the femtocells market. The rich media applications accessed over the more advanced mobile devices will be creating the need for enhanced connectivity in terms of superior coverage and increased bandwith, and this will be augment the demand for femtocells deployment, especially in cities and towns where data usage is rapidly increasing. While the SIP/IMS technology is pushed by increased application in small and medium enterprises and residential users, the IU-H technology, used in networking services is seeing increased adoption due to reducing deployment costs.
The report also added that regions such as Asia Pacific are lagging behind in terms of femtocells deployments due to the cost constraints and limited awareness of the technology and its implications on the network infrastructure, traffic management and service delivery. The report covers among others, the femtocells market growth by regions, the potential for deployments within the residential segments, the vendor/technology providers' industry landscape and the advent of multimode femtocells.
Source - Allied Market Research