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GSM GPRS and EDGE Module for Internet of Things IoT Market Size 2024 to 2031.

04-03-2024 06:26 PM CET | Politics, Law & Society

Press release from: Report Prime

GSM GPRS and EDGE Module for Internet of Things IoT Market Size

Market Overview and Report Coverage

A GSM GPRS and EDGE Module is a communication module used in IoT devices to enable connectivity to GSM, GPRS, and EDGE networks. These modules facilitate the transfer of data between IoT devices and the internet, allowing for remote monitoring, control, and communication.
The future outlook for the GSM GPRS and EDGE Module market in the Internet of Things (IoT) sector is promising, with a projected growth rate of 3.60% during the forecasted period. This growth can be attributed to the increasing adoption of IoT devices across various industries such as healthcare, automotive, agriculture, and smart cities.
The current market for GSM GPRS and EDGE modules is driven by the demand for reliable and cost-effective communication solutions for IoT applications. These modules offer advantages such as low power consumption, secure data transmission, and wide network coverage, making them ideal for a variety of IoT use cases.
As IoT technology continues to evolve and expand, the demand for GSM GPRS and EDGE modules is expected to rise. Advancements in 5G technology, AI, and edge computing will further drive the growth of this market, as more businesses and industries look to leverage IoT solutions for improved efficiency, productivity, and operational insights.

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Market Segmentation
The GSM GPRS and EDGE Module for Internet of Things IoT Market Analysis by types is segmented into:
• LGA Package
• LCC Package
• LGA+LCC Package
• Others

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GSM GPRS and EDGE modules are vital components for IoT devices, providing connectivity to the internet. These modules come in various market types, including LGA Package, LCC Package, and LGA+LCC Package. The LGA Package offers a small footprint and easy integration, while the LCC Package is known for its robustness. The LGA+LCC Package combines the advantages of both. Other market types may offer unique features tailored to specific IoT applications. Ultimately, the choice of module depends on the size, performance, and compatibility requirements of the IoT device.

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The GSM GPRS and EDGE Module for Internet of Things IoT Market Industry Research by Application is segmented into:
• Asset Tracking
• Automotive
• Commercial Telematics
• Payment
• Remote Monitoring and Control
• Smart Grid and Metering
• Telehealth
• Others

GSM GPRS and EDGE modules are widely used in the Internet of Things (IoT) market applications such as asset tracking, automotive, commercial telematics, payment solutions, remote monitoring and control, smart grid and metering, telehealth, and others. These modules provide reliable and secure connectivity for transmitting data over cellular networks, enabling real-time tracking, monitoring, and control of various devices and systems. They play a crucial role in ensuring seamless communication and efficient operations in various IoT applications.

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In terms of Region, the GSM GPRS and EDGE Module for Internet of Things IoT Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global GSM GPRS and EDGE Module for Internet of Things IoT market?
The emerging trends in the Global GSM GPRS and EDGE Module for Internet of Things (IoT) market include the increasing adoption of advanced technologies such as Narrowband Internet of Things (NB-IoT) and LTE-M for improved connectivity, the integration of Artificial Intelligence (AI) and Machine Learning (ML) for data analytics and predictive maintenance, the rising demand for secure and reliable communication solutions in IoT devices, and the growing focus on developing energy-efficient and cost-effective modules. Additionally, the deployment of 5G networks and the development of smart cities and industrial IoT applications are expected to drive the market growth in the coming years.

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Major Market Players
Sierra Wireless is a leading global provider of IoT solutions, including GSM GPRS and EDGE modules. The company has a long history of innovation in the IoT space, with a strong track record of delivering reliable and high-performance modules. Sierra Wireless has seen significant market growth in recent years, as the demand for IoT solutions continues to rise. According to market research reports, Sierra Wireless is one of the top players in the global IoT market, with a significant market share.
Telit is another key player in the IoT market, offering a range of GSM GPRS and EDGE modules for connected devices. The company has built a strong reputation for its reliable and scalable solutions, catering to a wide range of industries. Telit has also experienced considerable market growth, with a strong presence in key markets worldwide.
Thales is a well-known player in the digital security and IoT space, providing advanced connectivity solutions for IoT devices. The company has a long history of innovation and has been a key player in the IoT market for many years. Thales has seen significant market growth, with a diverse portfolio of products and services.
In terms of sales revenue, U-blox reported CHF 427.7 million in revenue for the first half of 2021, while Quectel Wireless Solutions reported RMB 4.37 billion in revenue for the same period. These figures highlight the strong performance of these companies in the IoT market. Overall, the competitive landscape for GSM GPRS and EDGE modules in the IoT market is dynamic, with several key players vying for market share and driving innovation in the industry.

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