Global GSM amd GPRS Module for Internet of Things IoT market cagr 11.7%

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GSM amd GPRS Module for Internet of Things

IoT Market

GSM amd GPRS Module for Internet of Things IoT

Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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GSM amd GPRS Module for Internet of Things IoT

Market Size and Growth

The GSM and GPRS module market for IoT is experiencing robust growth, driven by increasing connectivity demands. As of 2023, the market size is estimated to reach approximately $2 billion, fueled by applications in smart cities, agriculture, and industrial automation. Enhanced data transmission capabilities propel numerous IoT deployments globally. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Sierra Wireless

◍ Telit

◍ Thales

◍ U-blox

◍ Sequans Communications SA

◍ Cavli Wireless

◍ Sony

◍ Quectel Wireless Solutions

◍ SIMCom Wireless Solutions

◍ Fibocom Wirelessinc

◍ LongSung Technology

◍ Neoway Technology

◍ MeiG Smart Technology

◍ GosuncnWelink Technology

◍ Huawei

The GSM and GPRS module market for IoT is driven by companies like Sierra Wireless, Telit, and Huawei. These firms innovate connectivity solutions, enhancing IoT applications in various sectors. For instance, Sierra Wireless reported sales revenue of $186 million, while Quectel generated around $800 million, fostering market growth through advanced technologies. Request Sample Report

Market Segmentation

By Application

Wearable Device

Automotive

PDA

Asset Tracking

POS

Telematics

Others

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By Product

LGA Package

LCC Package

LGA+LCC Package

Others

Market Growth

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$ X Billion USD

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