Femtocells markets to reach $4.8 million by 2019
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), the global femtocells market was US$420 million in 2012 and is expected to reach $4,706 million in 2019; growing at a CAGR [compound annual growth rate] of 37.1% from 2013 to 2019.
A femtocell is a small, low-power cellular base station. In recent years, increasing femtocell deployments by a large number of mobile operators such as Sprint, Verizon and AT&T in North America, helped North America to dominate the market in 2012. Europe was the second largest market for femtocells as a large number of operators including Vodafone and Telefonica Group have rolled out femtocell services in this region.
The femtocell market is primarily driven by technological advancements and decreasing cost of femtocell devices. In addition, its increasing adoption in the enterprise segment is another major driver for the market. However, escalating competition with Wi-Fi and lack of awareness are the major challenging factors inhibiting the femtocells market.
Among different application segments, residential acquired the maximum market in 2012. This is due to majority of femtocell applications in residential sector to improve indoor network, according to Transparency Market Research.
However, enterprise segment is the fastest growing segment as the installation of femtocells is increasing in enterprise buildings with increasing awareness. Key players in the femtocell markets such as Airvana LLC and Ubiquisys among others are developing new products in the form of enterprise femtocells to satisfy the growing demand from this segment.
Geographically, North America acquired the largest market in 2012. This is due to high adoption and increasing demand for this technology from both residential and enterprise sector. The market is expected to grow further, with rising number of femtocell deployments by key mobile operators. Europe follows North America and developments in the form of deployments and commitments by mobile operators are expected to positively support the market in the coming years