Over-the-air (OTA) Market - Global Opportunity Analysis and Industry Forecast (2024-2031)
Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Over-the-air (OTA) Market by Offering (Solutions (FOTA, SOTA), Services), Application (OTA Testing, Wireless Communication, Software & Firmware Update, Regulatory Compliance), Industry (Automotive, BFSI, Retail), and Geography - Global Forecast to 2031 .’ According to this latest publication from Meticulous Research ® , the global over-the-air (OTA) market is projected to reach $20.7 billion by 2031 , at a CAGR of 14.7% from 2024 to 2031. The growth of this market is driven by factors such as the proliferation of IoT devices, the growing need to reduce the costs associated with manual updates and device recalls, and the increasing demand for connected features in vehicles. Additionally, the integration of edge computing & blockchain technology for OTA updates and the emergence of vehicle-to-everything (V2X) connectivity are expected to cr...