Cellular IoT Market size is expected to reach US$ 24.15 Bn. by 2029, growing at a CAGR of 25.4% during the forecast period.
Market Overview:
This study’s purpose is to give an overview of the Cellular IoT market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Cellular IoT companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Cellular IoT market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Cellular IoT Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Cellular IoT Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Market Scope:
The report also focuses on the leading industry players in the Cellular IoT market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
By Offering
• Hardware
• Software
This makes it the best connectivity technology when compared to other options like 3G, 4G, and 5G. But between 2016 and 2024, NB-IoT is anticipated to develop at the quickest rate. Due to the increased connectedness between mobile objects or devices, there is an increased need for long-distance communications.
By Type
• 2G
• 3G
• 4G
• 5G
• NB–LTE–M
• NB–IoT
• LTE–M
The 2G market sector, followed by 3G, had the biggest market share in terms of type in 2016. Due to its inexpensive cost and the fact that the majority of Internet of Things (IoT) linked devices only require minimal data transfer rates, 2G is widely used across many IoT applications.
By Application
• Environment Monitoring
• Automotive & Transportation
• Energy
• Manufacturing
• Consumer Electronics
• Building Automation
• Agriculture
• Healthcare
• Retail
• Others
Industry-wise, the energy sector had one of the biggest and most significant shares in 2016. The expansion of cellular IoT modules in the energy sector is driven by the rising deployment of smart grids and metres. However, one of the quickest rates of growth for building automation is anticipated. The market for building automation is being driven by the expansion of energy management and rising demand for green housing.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Cellular IoT market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Cellular IoT industry.
• Texas Instruments
• ZTE Corporation
• Sequans Communication
• Mistbase Communication System
• Mediatek Inc.
• Commsolid GmbH
• Qualcomm Incorporated
• Sierra Wireless
• Gemalto NV
• Telit Communications PLC
• U–Blox Holding AG
• Ericsson AB
• ARM Limited
• Huawei Technologies Co., Ltd.
• Mediatek Inc.
• Vodafone Group plc
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Table Of Content For Cellular IoT Market:
1. Global Cellular IoT Market: Research Methodology
2. Global Cellular IoT Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Cellular IoT Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Cellular IoT Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Cellular IoT Market Segmentation
• Global Cellular IoT Market, by Offering (2021-2029)
• Global Cellular IoT Market, by Type (2021-2029)
• Global Cellular IoT Market, by Application (2021-2029)
5. Regional Cellular IoT Market(2021-2029)
• Regional Cellular IoT Market, by Offering (2021-2029)
• Regional Cellular IoT Market, by Type (2021-2029)
• Regional Cellular IoT Market, by Application (2021-2029)
• Regional Cellular IoT Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Cellular IoT market in these regions.
COVID-19 Impact Analysis on Cellular IoT Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Cellular IoT market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Cellular IoT Market Report are:
What will be the CAGR of the Cellular IoT market during the forecast period?
Which segment emerged as the leading segment in the Cellular IoT market?
Which are the prominent players in the Cellular IoT market?
What will be the Cellular IoT market size by 2027?
Which company held the largest share in the Cellular IoT market?
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