The wireless connectivity market is estimated to reach USD 140 billion by 2025, growing at a CAGR of 15.4%. The major factors driving the market growth are the increased demand for wireless sensor networks in the development of smart infrastructure, a significant increase in the internet penetration rate, growth in adoption of IoT, increasing trends like work from home and virtual learning pertaining to the COVID-19 pandemic, demand for low-power wide-area (LPWA) networks in the IoT applications.

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