Industry

Global Cellular IoT Market 2027 to Witness Excellent Long-Term Growth Outlook

Press Release

In this ever changing technological world, more and more devices are getting contacted together and building internet of things (IoT) architecture across the world. In fact, all the internet devices will be connected in future. IoT is a key facilitator of this possibility by delivering machine-to-machine and machine-to-person communication on a huge scale. FMI predicts that there will more than 30 billion connected devices by year 2024. Large segment of these devices will be connected through LAN, Wi-Fi, and other short range radio wave technologies while some portion of these devices will be connected through wireless area networks (WAN) that are primarily facilitated by cellular networks.

As in entire IoT landscape, connectivity plays a significant role, that’s why cellular operators are in excellent position to have a slice of big pie by adding value in IoT market. The size of this slice of pie depends on the different role operator’s play in the eco-system of IoT. Different monetization models operator can look for are network providers, end-to-end solution providers, system integrator, etc.

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Cellular IoT Market: Drivers and Challenges

Because of machine-to-machine communication and machine-to-person communication, humongous amount of data will be generated. For the proper functioning of IoT network, there is a need of data storage, data interpretation, and data transfer in real time at minimal cost and cellular networks are fulfilling this particular need of the market. Cellular technologies such as GSM, WCDMA, LTE, and future 5G have evolved with new functionality and new radio access technology narrowband IoT tailored to from an attractive solution for emerging low power wide area (LPWA) applications.

Despite the huge cellular network across the world, still quality of service and connectivity remains an issue in IoT market. Deep indoor connectivity is a requirement for many application in utility area. Furthermore, regional coverage is a prerequisite for many use cases, especially within the transport area.

Cellular IoTMarket: Segmentation

Segmentation on the basis of cellular technologies:

  • GSM
  • WCDMA
  • LTE
  • 5G

Segmentation on the basis of vertical:

  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Retail
  • Energy and Utilities
  • Transportation
  • Others

Cellular IoTMarket: Key Players

Few of the companies in cellular IoT market are: Qualcomm Incorporated, Sierra Wireless, Gemalto NV, Telit Communication PLC, U-Blox Holding AG, Texas Instruments, Intel, and ZTE Corporation.

Cellular IoTMarket: Regional Overview

North America is expected to the largest market of global cellular market. Majority of IoT vendors such as Qualcomm and Texas Instruments are based in North America region itself and they are also investing in the field of IoT ecosystem of local market. For instance, BMW group, Intel, and Mobileye teamed up for autonomous driving.

Several IoT startups such as Samsara, Notion, and Hologram IoT are expanding their operations in Europe region. Asia-Pacific region is expected to have moderate growth rate for cellular IoT market as countries such as China and Taiwan have advantage of large pool of semiconductor vendors. Latin America and Middle East and Africa regions are yet match the pace of global Cellular IoT market.

The report covers exhaustive analysis on:

Cellular IoT Market Segments

  • Cellular IoT Market Dynamics
  • Historical Actual Market Size, 2014 – 2016
  • Cellular IoT Market Size & Forecast 2017 to 2027
  • Value Chain
  • Cellular IoT Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Cellular IoT Market Drivers and Restraints

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Regional analysis for cellular IoTmarket includes development in the following regions:

  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Europe
  • U.K.
  • France
  • Germany
  • Poland
  • Russia
  • Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

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The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory

  • Market segments based on products, technology, and applications

  • Prospects of each segment

  • Overall current and possible future size of the market

  • Growth pace of the market

  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it

  • Understand the opportunities and pitfalls awaiting them

  • Assess the overall growth scope in the near term

  • Strategize effectively with respect to production and distribution

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