Global Femtocell Market Report (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts
DUBLIN, April 29, 2022 /PRNewswire/ -- The "Femtocell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global femtocell market reached a value of US$ 2.10 billion in 2021. Looking forward, the market is projected to reach US$ 9.07 billion by 2027, exhibiting a CAGR of 27.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
In line with this, the increasing commercial applications of femtocell in multi-tenant buildings, hotels and office towers are also contributing to the market growth. Various technological advancements, such as product integration with the Internet of Things (IoT) to improve indoor coverage and maintain the need for smart devices, are acting as other major growth-inducing factors. Increasing investments in small-cell infrastructure, along with the utilization of distributed antenna systems and cloud Radio Access Network(C-RAN), are some of the other factors that are expected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players being Alcatel-Lucent S.A. (Nokia), Analog Devices, Cisco Systems, Ericsson, Fujitsu Limited (Furukawa Group), Huawei Technologies, Juniper Networks Inc., Motorola Inc., Netgear Inc., Samsung and ZTE Corporation.
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For more information about this report visit https://www.researchandmarkets.com/r/iigns8
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SOURCE Research and Markets