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The cellular IoT market size is estimated to grow by USD 16.45 billion at a CAGR of 32.14% between 2024 and 2028. Market growth hinges on several factors, including the integration of cellular IoT modules in smart city infrastructure and building automation, the expansion of the telecommunications industry through digitalization, and the growing adoption of cellular IoT in healthcare. Cellular Internet of Things (IoT) involves the amalgamation of communication devices with the Internet, leveraging advanced technologies like 3G, 4G, 5G services, and low-power wide-area (LPWA) networks to establish dependable connections across various hardware devices and sensors. However, challenges such as stringent regulatory requirements, the high cost associated with pediatric medical devices, and limitations in device functionality leading to product recalls, hinder market progress. Overcoming these hurdles will be crucial for unlocking the full potential and driving further innovation in the industry.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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