Private LTE Market in IoT Modules Segment Is Expected to Grow at a CAGR of 35% by 2024
The IoT modules segment in private LTE market is projected to grow at a CAGR of around 35% over the forecast timeline. The rapid adoption of these modules is supported by the growing IoT and M2M applications that require such devices that allow physical objects to connect to wireless networks. The growing usage of IoT platforms in smart city application will also drive the growing adoption of IoT modules.
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