Cellular Modem Market Trends

Growth Drivers

• Surge in Remote Working  - The mandatory social distancing measures imposed by the COVID-19 pandemic have resulted in major changes to many of our "standard" workplace structures and corporate procedures. For employee safety, a growing amount of companies are switching to remote work arrangements. Since the majority of people work from home, having access to a secure Wi-Fi network is essential for staying connected. About 11% of full-time workers conduct their jobs from home, demonstrating how rapidly remote work settings have grown commonplace in 2023. Concurrently, a noteworthy approximately 27% of workers have adjusted to a mixed work style.
• Rising Demand for OTT Services  - There has been growing demand for OTT services owing to the fall the subscription prices all across the world. Further, the Over-the-Top (OTT) services are expected to be driven by the continued trend of commoditizing sports and entertainment services as well as increased rivalry among OTT providers. The method by which people watch sporting events and consume entertainment content has changed significantly in recent years. These services were previously mostly provided through cable and satellite TV subscriptions, offering little in the way of personalization or on-demand programming. However, the emergence of over-the-top (OTT) platforms has upended this model by providing customers with direct access to a vast array of live broadcasts, sporting events, and entertainment content. However, OTT services require need which necessities the use of a cellular modem.
• Growing Adoption of Remote Healthcare Services & Telemedicine  - The healthcare business has transformed with the growing use of telemedicine and remote healthcare services, which allow consumers to receive medical consultations and monitoring without traveling to healthcare facilities. Robust cellular connectivity made possible by cellular modems is one of the key enablers of this revolutionary change. These modems guarantee the smooth transmission of real-time health data to healthcare providers from remote patient monitoring devices, such as wearable health trackers and loT-enabled medical equipment. Medical professionals can remotely check on patients' vital signs, monitor medication compliance, and identify possible health problems due to this constant information flow. Cellular modems enable secure video connections between patients and doctors during virtual consultations, ensuring prompt medical advice and lessening the strain on traditional healthcare facilities.

Challenges

• Issue with Interoperability within Cellular Networks - Technology integration is significantly hampered by cellular network interoperability problems. Even inside the same generation, different cellular networks—like 4G or 5G—often operate on different frequencies and protocols. When equipment from different manufacturers is required to connect or when integrating older technology with newer ones, this diversity might cause compatibility issues. If a 4G device is not compatible with a 5G network, data transmission may be disrupted or, in the worst case, the device may become non-operational.
• Lack of Efficient Coverage
• Concern of Cybersecurity