5G Femtocell Market to Reach $9.3 Billion, Globally, by 2033 at 23.6% CAGR: Allied Market Research [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: Yahoo! Finance
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
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