Press release
Cellular Iot Market 2022 Global Analysis, Growth, Size, Share, Trends, Forecast to 2027|It is Expected to Register a CAGR of 26.7%
Cellular Iot Market 2022-2027
According to a recent market report published by Persistence Market Research titled, 'Cellular IoT Market - Global Industry Analysis 2013-2017 and Forecast 2018-2027', the cellular IoT market was valued at US$ 1,145.2 Mn in 2017, and is expected to register a CAGR of 26.7% from 2018 to 2027.
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The increasing demand for connected devices across verticals and the implementation of advanced cellular technologies such as 5G, NB-IoT, LTE-M, and others are the major factors driving the growth of the cellular IoT market. Also, the launch of 3GPP-standards-based IoT networks and increase in smart city projects across the globe are the primary factors that are expected to boost the growth of the cellular IoT market.
Cellular IoT offers advanced connectivity technologies that connect billions of IoT devices to the Internet across the globe. These advanced cellular IoT technologies include 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. Cellular IoT offers global coverage, reliable connection of IoT devices, and low-cost hardware that is required for cellular IoT connections.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications, Ericsson AB, ARM Holdings, Huawei Technologies Co., Ltd., Mediatek Inc., Vodafone Group plc, Texas Instruments Incorporated and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Cellular Iot.
NB-IoT (Narrowband IoT) is a low power wide area network (LPWAN) technology, which is a 3GPP radio technology standard that addresses the LPWA requirements of IoT, and enables a wide range of devices and services to be connected using cellular telecommunication bands. NB-IoT is one of the emerging cellular technologies that enable efficient communication, extended battery life for mass distributed devices, low energy consumption, and lower costs for wide geographical footprints.
The NB-IoT network is a form of low-powered network with a wide area coverage that connects millions of devices, sensors, and services. NB-IoT applications include smart parking, smart cities, smart agriculture, industrial monitors, smoke detectors, and others. LTE-M (LTE for Machine) is also known as Cat-M1 or eMTC (enhanced machine-type communication), which is a type of LPWA technology of IoT that makes use of a mobile operator's 4G LTE network infrastructure. LTE-M applications include asset tracking, smart watches and fitness bands, telematics, gas or water meters, pet tracking, and others.
Cellular IoT Market: Segmental Insights
Cellular IoT is categorized on the basis of component, cellular technology, end use industry, and region.
On the basis of component, the cellular IoT market is segmented into hardware and software. Revenue contribution in cellular IoT market from the software segment is expected to increase at a CAGR of 27.6% during the forecast period.
On the basis of cellular technology, the cellular IoT market is segmented as 3G, 4G, LTE-M, NB-IoT, 5G, and others. Revenue contribution in the cellular IoT market from the NB-IoT segment is expected to increase at a CAGR of 35.3% during the forecast period.
On the basis of end use industry, the global cellular IoT market is segmented into agriculture, healthcare, retail, energy, automotive & transportation, infrastructure, and others. Revenue contribution in the cellular IoT market from the energy segment is expected to expand at a CAGR of 28.1% during the forecast period.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Cellular Iot Market Manufacturers
Cellular Iot Market Distributors/Traders/Wholesalers
Cellular Iot Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Cellular Iot Market - Report Highlights
A detailed overview of parent market of Cellular Iot market
Changing Cellular Iot market dynamics in the industry
In-depth segmentation of the Cellular Iot market
Historical, current, and projected Cellular Iot market size regarding volume and value
Recent industry trends and developments in Cellular Iot market
Competitive landscape of the Cellular Iot market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Cellular Iot market performance
Must-have information for Cellular Iot market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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