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The Cellular IoT modem market is experiencing significant growth, driven by the increasing demand for connected devices across various industries such as agriculture, healthcare, and smart cities. These modems enable reliable communication and data transfer over cellular networks, facilitating real-time monitoring and control. Key players are innovating to enhance features like power efficiency and connectivity options. The market is expected to expand further due to advancements in 5G technology and the rising adoption of IoT applications globally.
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