Thursday, March 30, 2023

Email id:, Contact Us : +91-9871552944

Home Technology and Telecom IT And ITES Global Cellular IoT Market, Global Cellular IoT Industry: Ken Research

Global Cellular IoT Market, Global Cellular IoT Industry: Ken Research

Cellular IoT characterize as a way to connect various physical devices to the internet around the globe. IoT components are developed with in-built connect functionality, for instance smart-phones, to reduce the additional infrastructure cost, to enhance the availability of these devices, and to enable the long-distance communications. These IoT devices can be smartphones, sensors, scanners and others. Cellular IoT is also capable to enable the Wide-Area Network (LPWAN) and low-power applications. It offers various benefits such as reliable connection of IoT devices, global coverage, and low-cost hardware that are requirements for cellular IoT connections.

As per analysis, Global Cellular IoT Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use the key companies operating in the global cellular IoT market include U-Blox Holding AG, Mistbase Communication System, Qualcomm Inc., Telit Communications PLC, Texas Instruments, Mediatek Inc., ZTE Corporation, Gemalto NV, Sequans Communication, Commsolid GmbH, Sierra Wireless and among others. Renowned vendors spread across the value chain are initiating and dynamically supporting the growing penetration of cellular technology as the leading connectivity standard. These initiatives have been generating great interest in industry stakeholders, including infrastructure providers, carriers, chipset & module manufacturers, as well as IoT solution vendors. These collaborations have been the most vital factor in rapid & widespread adoption of broadband technology in the IoT ecosystem.

Based on type, cellular IoT market is segregated as 2G, 3G, 4G, Narrowband IoT (NB-IoT), long-term evolution-machine type communication (LTE-M), NB-LTE-M and 5G. 2G dominates the global market as it is extensively adopted for IoT applications owing to lower cost of the chipset. NB-IoT is expected to witness higher growth rate due to surge in the demand for connectivity between mobile objects or objects spread out during the forecast period. In addition, based on application, market is segregated as manufacturing, energy, smart city, healthcare, agriculture, automotive & transportation, consumer electronics, retail, environmental monitoring and building automation.  Energy segment is also expected to witness higher growth rate because of growth in adoption of smart meters & smart grids during the forecast period.

The cellular IoT market is driven by rise in demand for cellular connectivity in the automotive sector, followed by growth in demand for end-to-end security, surge in demand for extended network coverage and rise in capacity to accommodate large number of connected devices. However, lack of regulation for spectrum allocation and technology fragmentation may impact the market. Moreover, growth in adoption of smart technologies & distributed applications is a leading opportunity for market. Furthermore, developing common protocols & standards across the Internet-of-Things (IoT) platform is a major challenge for market.

By regional analysis, the North-America is the leading region in global cellular IoT market owing to greater penetration of next-generation LTE technologies, especially in the U.S. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in adoption of smart meters & grids and rise in demand for cellular IoT in smart cities over the forecast period. It is projected that future of the global cellular IoT market will be bright on account of rise in demand of 5G cellular IoT in homeland security with surveillance during the forecast period.

For More Information, refer to below link:-

Global Cellular IoT Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications


Philippines Data Center Market is expected to generate USD ~ 600 Mn by 2027F: Ken Research

Buy Now Philippines Data Center Market is at growing stage and has moderately concentrated market. There are approximately 10 players in market with ePLDT having...

South Africa Hyperscale Data Centre Market is expected to generate USD ~1.6Bn by 2027 – Ken Research

Buy Now South Africa Hyperscale Data Center Market is in the growing stage, being driven by rising to integration of Global Cloud Service Providers, Increasing...

Thailand Data Center And Cloud Services Market Is Forecasted To Grow Further Into USD 840 And USD 3600 Mn Respectively By 2027 – Ken...

Buy Now 1. The rapid surge in data demand, intensifying digitalization, rising data traffic and investment promotion through government incentives are driving the Thailand Data...

Most Popular

Morocco’s fitness industry has a target addressable market of 16.0 million people, mostly driven by the fitness enthusiast population: Ken Research

Buy Now 1. Demand for fitness centers in Morocco is mostly driven by Increasing Local Gyms and Fitness Centers, a Variety of Service Offerings, Specialized...

Future Outlook of Saudi Arabia Bags and Luggage Market: Ken Research

Buy Now 1. Growth of E-commerce, and FDI is allowing KSA to shift its focus towards non-Oil sectors and promote other sectors such as Tourism Start-ups...

Upcoming Residential Projects to drive the Real Estate Market in Singapore with Increase in Listings on the Website: Ken Research

Buy Now 1. The increased investment in the region, rapid population growth, and Increasing Smartphone Penetration are some of the major growth drivers in the...

Future Outlook of Israel Fitness Services Market: Ken Research

Buy Now 1. Israel Fitness Equipment Market generated a revenue of more than $130.0 Mn in 2020 majorly the driven by shift of focus to...