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InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Cellular Modem Market – (By Type (Embedded Cellular Modem, Box Portable Cellular Modem), By Technology (2G, 3G, 4G, 5G, LPWAN (NB-IoT, LTE-M)), By Vertical (Agriculture, Automotive & Transportation, Consumer Electronics, Building Automation, Energy & Utilities, Smart Cities, Healthcare, Industrial/Manufacturing, Retail, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Cellular Modem Market is valued at US$ 4.05 Billion in 2022, and it is expected to reach US$ 19.66 Billion by 2031, with a CAGR of 19.33% during the forecast period of 2023-2031.
A cellular modem is required to transmit an analogue signal, such as a phone signal, across a cellular network. Smartphones and similar gadgets use the modulated signal to transmit data and audio. You can connect to the internet through the Ethernet port with many cellular modems. The SIM card, which stands for Subscriber Identity Module, is another popular option. One choice is to place it on the wall or floor; another is to link it directly to a PC or laptop. Download and upload speeds of 5 or 12 Mbps are possible with a typical 4G wireless modem. Any modem can be used to connect one or more devices. Modern homes increasingly use internet-connected equipment and devices to do many tasks. However, cellular network interoperability is a major obstacle to technological integration. Even within the same generation, different cellular networks frequently use different protocols and operate on different frequencies. Because of this variety, compatibility issues might arise, particularly when trying to merge older and newer technologies or when devices from different manufacturers need to talk to each other.
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List of Prominent Players in the Cellular Modem Market:
Market Dynamics:
Drivers-
The growing demand for cellular modem market is fueled by the advent of wireless technologies, and the proliferation of IoT devices has been greatly accelerated. Such gadgets depend on a wide variety of wireless technologies, each with its own set of advantages and potential uses. The need for Internet of Things (IoT) devices is anticipated to be driven by the increased usage of low-power wide-area networks (LPWAN), 5G, wireless sensor networks & Internet Protocol version 6 (IPv6) in the next years, which will necessitate other wireless technologies.
Challenges:
The prime challenge is strict regulations, a shortage of competent individuals and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the cellular modem market. There are a lot of obstacles for companies that produce energy, collect data from the environment, or work in agriculture, all of which rely on IoT devices. Monitoring equipment, gathering critical environmental data, or executing automated operations becomes more challenging when these IoT devices cannot communicate data due to unreliable cellular connectivity. COVID-19 has emerged as a serious concern in worldwide public health. The government enacted lockdowns, quarantines, border restrictions, and the suspension of economic operations in response to the rapid spread of the virus. As the challenges occured in the supply chain, the raw materials supply to numerous countries was adversely affected. Quarantine procedures, border closures, and lockdowns are just a few of the many restrictions that have caused significant inconveniences.
Regional Trends:
The North American cellular modem market is anticipated to register a maximum market share in revenue. It is projected to grow at a high CAGR in the near future because smart devices such as smartphones, tablets, and wearables are booming in popularity, and the IoT is expanding rapidly. Besides, Europe had a considerable share in the market because 5G networks are becoming more popular and new cellular network technologies are being deployed at an increasing rate.
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Recent Developments:
Segmentation of Cellular Modem Market-
By Type-
By Technology-
By Vertical-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
