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Top 10 Mobility Technologies Market Major Factors - Drivers, Restraints, Opportunities, and Industry-specific Challenges


The Top 10 Mobility Technologies Market is expected to grow at a significant rate during the forecast period. The growth of this market is being propelled by the rapid technological advancements and increased need for wireless connectivity. The scope of this report covers the top mobility technologies market on the basis of diverse segments such as, product, industry, application, geography, and others.
The application areas of the wearable technology range from consumer durables and healthcare to enterprise, industrial, and so on. The overall wearable technology market holds prominent growth potential between 2016 and 2022. The growth of this market can be attributed to the consumer preferences for sophisticated gadgets, increasing growth prospects of next-generation displays and integrated consumer wearable devices, and increasing popularity of wearable fitness and medical devices.
Mobile augmented reality (MAR) allows computer-generated data to precisely overlay physical objects in real-time through handheld devices such as smartphones cameras, tablets, personal digital assistants (PDAs), game consoles, smart glasses, and wearable devices. The increasing adoption of mobile augmented reality in the e-commerce and retail, gaming, and entertainment sectors is driving the market growth. Also, the growing demand for smartphones and tablets incorporated with augmented reality apps would fuel the market growth during the forecast period.
The wireless gigabit technology allows users to build faster and more efficient communication network. WiGig has the ability to transfer data at 60 GHz. The technology was specifically developed for low-range wireless communication for the home entertainment industry, majorly connecting to devices such as PCs, laptops, tablets, routers, smartphones, adapters, and so on.  The growth of this technology has instilled the need for faster data transfer and wireless connectivity, thereby enabling instantaneous transfer, display, sharing, and streaming of files across various computing or multimedia devices.
Mobile biometrics is a technology used for identification and authentication purposes by measuring and analyzing characteristics such as DNA, fingerprints, retinas, and others. The rising instances of security breaches and terrorist activities, increasing crime rates, and growing threats to public and private property and educational institutions have intensified the awareness about security. The growth of the mobile biometrics market is primarily driven by the factors such as government initiatives to adopt biometrics in various fields, increasing use of biometrics in smartphones, introduction of e-passports, increased use of biometric technology in numerous segments, and adoption of biometric technology in election administration.
Cellular IoT consists of seven technologies 2G, 3G, 4G, LTE–M, NB–IoT, NB–LTE–M, and 5G. These technologies operate on the licensed spectrum and are used for high-quality data and voice services. The growing demand for low-power consumption devices for machine-to-machine communication, along with the low deployment costs, is driving the growth of the market for cellular IoT technology. Other LPWA technologies have less battery life compared to cellular IoT technology and have less coverage area compared to cellular networks. Thus, cellular IoT has an added advantage of transferring data at a lower rate, thereby offering a larger battery life to connected objects.
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