The growth of the global 5G femtocell market is majorly
driven by rise in remote work culture coupled with rapid
digitalization and increase internet penetration.
NEW CASTLE, Del., April 30, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "5G Femtocell Market by
Type (IU-H and IMS/SIP), Application (Indoor
and Outdoor), and End User (Residential, Commercial, and
Public Places): Global Opportunity Analysis and Industry Forecast,
2024-2033". According to the report, the 5G femtocell
market was valued at $1.2
billion in 2023 and is estimated to reach $9.3 billion by 2033, growing at a CAGR of 23.6%
from 2024 to 2033.
Prime determinants of growth
The rise in remote work culture coupled with rapid
digitalization and increase in internet penetration, drive the
growth of the market. Moreover, the surge in demand for enhanced
indoor connectivity technologies and growth in the deployment of 5G
technology and Internet of Things (IoT) devices are expected to
propel the growth of the market. Furthermore, the need for
efficient network off-loading and congestion management as well as
a rise in government initiatives to boost 5G infrastructure
development are expected to provide lucrative opportunities for
market growth. In addition, growing collaboration between telecom
operators and corporations for customized solutions is anticipated
to create numerous opportunities for the 5G femtocell market in the
coming years. However, regulatory challenges, security and privacy
concerns, and high initial investment costs associated with 5G
femtocell hamper the growth of the industry.
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Report coverage & details
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2033
|
Base Year
|
2023
|
Market Size in
2023
|
$1.2 Billion
|
Market Size in
2033
|
$9.3 Billion
|
CAGR
|
23.6 %
|
No. of Pages in
Report
|
281
|
Segments
covered
|
Type, Application, End
User, and Region
|
Drivers
|
The rise in remote work
culture coupled with rapid digitalization
Increase in internet
penetration
Surge in demand for
enhanced indoor connectivity technologies
Growth in deployment of
5G technology and Internet of Things (IoT) devices
|
Opportunities
|
The need for efficient
network off-loading and congestion management
Rise in government
initiatives to boost 5G infrastructure development
Growth in collaboration
between telecom operators and corporations for
customized
|
Restraint
|
Regulatory
challenges
Security and privacy
concerns
High initial investment
costs associated with 5G femtocell
|
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The IU-H segment to maintain its
leadership status throughout the forecast period
Depending on type, the IU-H segment held the highest market
share in 2023, accounting for more than half of the 5G
femtocell market revenue, and is estimated to witness the largest
CAGR of 24.1% from 2024 to 2033 to maintain its leadership status
throughout the forecast period. I-UH plays a crucial role in
optimizing performance in 5G femtocell networks, owing to its
ability to efficiently manage interference and the fact that it
facilitates seamless handover between femtocells and macrocell.
The indoor segment to maintain its
leadership status throughout the forecast period
Depending on application, the indoor segment held the highest
market share in 2023, accounting for more than two-thirds of the 5G
femtocell market revenue, and is estimated to maintain its
leadership status throughout the forecast period, owing to advances
in technologies, enabling 5G femtocell to transform indoor
coverage. However, the outdoor segment is projected to
manifest the highest CAGR of 25.6 % from 2024 to 2033,
as outdoor femtocell supports emerging applications such as
smart cities, autonomous vehicles, and industrial IoT by providing
reliable connectivity in outdoor environments.
The commercial segment to maintain
its leadership status throughout the forecast period
On the basis of end user, the commercial segment held the
highest market share in 2023, accounting for nearly half of the 5G
femtocell market revenue, and is estimated to maintain its
leadership status throughout the forecast period, owing to
increase in demand for 5G femtocell in the commercial area
to enhance their connectivity infrastructure to meet the
evolving needs of the digital economy. However, the
residential segment is projected to register the highest CAGR of
25% from 2024 to 2033 owing to surge in demand for high-speed
internet and seamless connectivity within homes &
apartments.
Asia-Pacific to maintain its dominance by
2033
Region wise, Asia-Pacific held
the highest market share in terms of revenue in 2023, accounting
for nearly one-third of the 5G femtocell market revenue, owing to
increase in investments in advanced technologies such as AI and IoT
devices to improve businesses and customer experiences in the
region. However, LAMEA is expected to witness the fastest CAGR of
25.8% from 2024 to 2033, and is projected to enhance the market
growth during the forecast period, owing to rapid digitalization
and internet penetration in the region.
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Leading Market Players
- ZTE Corporation
- Fujitsu Limited
- Aricent Inc.
- Nokia Corporation
- Cisco System Inc.
- Huawei Technologies Co. Ltd.
- Samsung Electronics Co Ltd.
- Vodafone Group Plc
- Telefonaktiebolaget LM Ericsson
- Corning Incorporated
The report provides a detailed analysis of these key players in
the 5G femtocell market. These players have adopted different
strategies such as new product launches, collaborations, expansion,
joint ventures, and agreements to increase their market share and
maintain dominant shares in different countries. The report is
valuable in highlighting business performance, operating segments,
product portfolio, and strategic moves of market players to
showcase the competitive scenario.
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