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.
Cellular IoT 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.
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:
In terms of type, the 2G market segment held the largest market share in 2016 followed by 3G. 2G is widely adopted across different IoT applications because of low cost chipset together with majority of connected devices in IoT requiring low data transfer rate making 2G an ideal connectivity technology when compared with 3G, 4G, and 5G others. However, NB-IoT is expected to grow at the fastest rate between 2016 and 2024. The demand for long-range communications because of increase in connectivity between mobile objects or devices spread across a wide area.
On the basis of industry, the energy segment held one of the largest and significant shares for 2016. The increasing adoption of smart meters and grids drives the growth of cellular IoT modules in energy industry. However, building automation is expected to grow at one of the fastest rates. The growth for energy management, together with increasing demand for green homes, drives the overall demand for building automation market.
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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
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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