Research Nester’s recent market research analysis on “Cellular Modem Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global cellular modem market in terms of market segmentation by type, technology, application, vertical and by region.
Rising Adoption of Remote Healthcare Services & Telemedicine to Promote Global Market Share of the Cellular Modem Market
The global cellular modem market is estimated to grow majorly on account of rising focus on edge computing capabilities as cellular modems. A cellular modem allows the personal computer or router to receive wireless internet service access with the help of a mobile broadband connection instead of using cable television or telephone. The market is garnering significant growth on the back rapid adoption and evolution of advanced wireless technologies and the increased requirement for ultramodern connectivity solutions in the era of Industry 4.0. Other than this, the rise in smart home devices such as smart cameras, smart thermostats, and voice assistants has become an integral part of modern homes. It has been projected that by the year 2028, there will be almost 785 million users. Also, almost 69.1% of households in the United States have at least one smart device in use. These factors are projected to bolster the cellular modem market growth during the forecasted period. Furthermore, the growth in demand for OTT services such as live event broadcasts, digital TV, video-on-demand, and digital radio has a remarkable impact on the capacity needed to deliver popular content. By the year 2028, it has been estimated that the number of OTT users will reach almost 4.5 billion.
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Some of the major growth factors and challenges that are associated with the growth of the global cellular modem market are:
Growth Drivers:
• Advancements in Wireless Technologies
• Growing Adoption of Remote Healthcare Services & Telemedicine
Challenges:
Challenges associated with the interoperability within cellular networks, lack of efficient coverage, and concerns related to cyber security are some of the major factors anticipated to hamper the market size of global cellular modem market.
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By technology, the global cellular modem market is segmented into 2G, 3G, 4G LTE, 5G, and NB-IoT. Out of these, the 4G LTE segment is projected to generate the maximum market share of almost 35% during the forecasted period. The prominent element for the growth of this segment is the increasing penetration of the internet in the population.
By region, the Europe cellular modem market is to generate the highest revenue by the end of 2036. The presence of major market players in the region is a prominent growth-driving factor in the region. Countries such as Germany, France, United Kingdom, Russia, and Italy are pioneering in offering lucrative opportunities in the cellular modem market.
This report also provides the existing competitive scenario of some of the key players of the global cellular modem market which includes company profiling of NETGEAR, Inc, Digi International Inc., Belkin, InHand Networks, Red Lion, Baima, Moxa Inc., Robustel, Sierra Wireless, Skyworks Solutions, Inc., Qualcomm Technologies, Inc. Nordic Semiconductor, Sony Semiconductor Solutions Corporation Fujitsu, and others.
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https://www.researchnester.com/reports/cellular-modem-market/5668
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