Femtocell market likely to reach $3.7 billion, globally, by 2020

PORTLAND, USA: According to a new report by Allied Market Research titled "Femtocell Market (Types, Technology, Applications and Geography) - Global Analysis, Trends & Forecast through 2020," global femtocell market grew to a market size of $304.8 million in 2013, and expected to attain a market size of $3,712 million by 2020.

Technological advancements and reduction in cost of femtocell devices are the two major factors driving the femtocell market.

Increasing number of Smartphone users has given rise to the need of fast, reliable and seamless network connectivity. Femtocell is a technology that can deliver cost effective and efficient network service. Increased adoption of broadband services and mobile phone usage for video conferencing, software/music downloading and online gaming are driving the growth femtocell market.

Advancement in equipment and their capacity are the main factors to be analyzed by companies before adopting femtocell devices. Due to the cost involved in installing femtocell devices, the Asia-Pacific region is not readily accepting the femtocell technology.

Lack of awareness is also acting as a restraint for the market growth in Asia-Pacific region. Emerging technologies such as LTE 4G technology is dominating the developed economics. This report provides an in-depth intelligence on key strategies adopted by top companies engaged in manufacturing and service providing of femtocell devices.