Long-Term Evolution (LTE) Internet of Things (IoT) Market worth 2800 Million USD till 2023 | Global key players- Ericsson, Vodafone, Telstra , Sierra Wireless , Pure Software, Sequans Communications, Orange , T-Mobile, Telus and Others

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The Long-Term Evolution (LTE) Internet of Things (IoT) market size is expected to grow from US$ 800 Million in 2018 to US$ 2800 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period. The growth of connected devices, and the need for unique and defined network qualities are the major growth factors for the LTE IoT market.

#Complete report on Long-Term Evolution (LTE) Internet of Things (IoT) Market spread across 109 pages, profiling 15 companies and supported with tables and figures is now available at https://www.reportsnreports.com/purchase.aspx?name=1954380

“Managed services segment to grow at a higher CAGR during the forecast period”
Managed service providers operating in this market deliver their expertise in managing various operating activities (including infrastructure management, security operations, and cloud operations) to clients, enabling them to launch various Machine-to-Machine (M2M) offerings rapidly, at a variable cost. With global coverage, the managed service provider offers customers comprehensive and cost-effective solutions.

“Europe to hold the largest market size and APAC to grow at the highest CAGR during the forecast period”
Europe is leading the Long-Term Evolution (LTE) Internet of Things (IoT) market due to the widespread adoption of the LTE technology for enterprises’ IoT applications. The region is leading in terms of LTE IoT coverage area. Huawei and Vodafone opened an open lab in Newbury, UK, for R&D of LTE IoT technologies and applications. The stage has been set for the widespread deployment of LTE IoT by cellular operators in the UK and rest of Europe.

APAC has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market for telecom service providers. APAC is expected to grow at the highest CAGR during the forecast period in the Long-Term Evolution (LTE) Internet of Things (IoT) market. APAC includes countries such as Australia, New Zealand, Japan, and Singapore, who act as the early adopters of smart technology.

Study Objectives:

• To analyze opportunities in the market and details of the competitive landscape for stakeholders and market leaders

• To forecast the market size of segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To define, describe, and forecast the Long-Term Evolution (LTE) Internet of Things (IoT) market by technology (LTE-M and NB-IoT), service (professional services and managed services), industry, and region

• To profile the key players and comprehensively analyze their market rankings and core competencies

• To analyze the competitive developments, such as mergers and acquisitions, new partnerships, product enhancements, and new product developments, in the Long-Term Evolution (LTE) Internet of Things (IoT) market

Reason to Access this report:
The report will help the market leaders/new entrants in the Long-Term Evolution (LTE) Internet of Things (IoT) market with information on the closest approximations of the revenue numbers for the overall LTE IoT market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

#Top Key Players in the “Long-Term Evolution (LTE) Internet of Things (IoT) Market” include are Ericsson (Sweden), Vodafone (UK), Telstra (Australia), Sierra Wireless (Canada), Pure Software (India), Sequans Communications (France), Orange (France), T-Mobile (US), Telus (US), MediaTek (Sweden), Athonet (Italy), NetNumber (US), Telensa (UK), Actility (France), and Link Labs (US).

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Competitive Landscape of Long-Term Evolution (LTE) Internet of Things (IoT) Market:
1 Overview
2 Market Ranking
3 Competitive Scenario
3.1 New Product Launches and Enhancements
3.2 Partnerships, Collaborations, and Agreements

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