Press release
Cellular IoT Market Size | Share, Growth and Industry Analysis
The global Cellular IoT market size is projected to reach USD 1955.3 million by 2026, from USD 1818.2 million in 2020, at a CAGR of 7.0%% during 2021-2026.Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands.
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Rising demand for extended network coverage and capacity to accommodate large number of connected devices are expected to drive the market for cellular IoT. Moreover, increasing demand for end-to-security between network connected devices also contributes to the growth of cellular IoT market
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Global Cellular IoT Scope and Market Size
Cellular IoT market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cellular IoT market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
This report focuses on the global Cellular IoT status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cellular IoT development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
o Qualcomm
o Gemalto
o Sierra Wireless
o U-Blox Holding
o MediaTek
o Telit Communications
o Mistbase
o Sequans
o CommSolid
Market segment by Type, the product can be split into
o 2G
o 3G
o 4G
o LTE
o NB–IoT
o 5G
o Other
Market segment by Application, split into
o Automotive & Transportation
o Energy
o Manufacturing
o Building Automation and Smart City
o Other
Market segment by Regions/Countries, this report covers
o North America
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America
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