Femtocells are small cellular base stations used to improve indoor wireless coverage provided by mobile carriers. The document analyzes the global femtocell market, which was valued at $220 million in 2012 and is expected to grow rapidly due to increasing smartphone usage. However, the high costs of femtocell devices and network implementation have hindered market growth in developing countries. Major players in the femtocell industry are pursuing partnerships and new product development to gain market share over the forecast period from 2013 to 2020.