NEW YORK, Sept. 1, 2022 /PRNewswire/ — The “BLE Module Market Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the BLE module market between 2021 and 2026 is USD 26.42 billionas per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 16.36% during the projected period. Technavio categorizes the global Bluetooth low energy (BLE) module market as a part of the global electronic components market. Our report provides extensive information on the value chain analysis for the BLE module market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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- Market Driver: The growth of the IoT market is one of the key drivers supporting the Bluetooth low energy (BLE) module market growth. Primarily, IoT is the latest trend in the global technology arena as it integrates various technologies, including data communication, hardware design, data storage, and mining. Several IoT device manufacturers have incorporated BLE modules in their devices. Wearable devices, which are among the primary devices in the IoT ecosystem, have BLE modules. Thus, the increased applications of IoT are expected to drive the growth of the global BLE module market during the forecast period.
- Market Challenge: Increasing privacy concerns is one of the factors hampering the Bluetooth low energy (BLE) module market growth. BLE is now finding applications in personal devices, such as mobile devices and wearables, and industrial devices. However, the highest levels of security standards are required in order to connect the physical world with the digital…