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According to Omdia, cellular IoT data traffic is set to surge, reaching 218.6 exabytes by 2035. This trend is driven by the automotive sector's growing data needs and broader 5G adoption, likely benefiting companies like TTGT which are positioned in the IoT space.
Increased IoT data demand will likely enhance revenues for IoT service providers, including TTGT, referencing past events where tech trends led to user growth and revenue spikes.
Buy TTGT, anticipating growth from the IoT surge over the next 1-3 years.
This article qualifies as Industry News since it discusses trends in IoT that could shape the operational landscape for firms like TTGT, reflecting potential growth sectors.