Cellular IoT Market Share, Size, Type, Demand, Overview Analysis, Trends, Opportunities, Key Growth, Development and Forecasts 2023 to 2032

The global cellular IoT market was valued at USD 3.7 billion in 2021. It is projected to reach USD 26.78 billion by 2030, growing at a CAGR of 24.6% during the forecast period (2022-2030). Devices connected to cellular networks are referred to as cellular IoT devices.

During the projected period, the market expansion is anticipated to be driven by the expanding deployment of cellular IoT modules in the infrastructure of smart cities and building automation verticals. Additionally, the market is anticipated to be driven by elements like strong security, widespread mobility, resilient networks, and the ability to use local connectivity and networking technologies, such Wi-Fi and Bluetooth. The study on the global cellular IoT market offers a comprehensive analysis of the market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

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Device connectivity is made possible via the Internet of Things (IoT) on cellular networks, a wireless communication technology. It enables electronics and devices to communicate, gather data, and share it across a cellular network. Cellular IoT devices connect to cellular networks and transmit data using SIM cards. These devices might be portable and low-powered, which makes them suitable for a range of tasks, from monitoring the health of hospital patients to tracking the whereabouts of a box during delivery. Cellular IoT devices can also be made to be low-cost, robust, and usable in harsh environments.

Global Cellular IoT Market Overview

The process of linking physical items to the internet from anywhere on the planet is known as cellular IoT. The newest communication technologies include NB-IoT, LTE-M, 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies. It provides benefits like as universal coverage, reliable IoT device connectivity, and affordable hardware-all of which are necessary for cellular IoT characteristics. Smartphones and other IoT devices have built-in connectivity to simplify device use, save infrastructure costs, and transform long-distance conversations. Scanners, smartphones, sensors, and other IoT devices are some examples.

Based on component types, the global cellular IoT market is divided into two main classes: hardware and software. Additionally, the market is divided into the CAT-1, CAT-M, NB-IoT, LoRaWAN, and Others sectors, which are the five key protocol categories. The Global Cellular IoT Market is divided into seven main applications: Energy, Manufacturing, Automotive & Transportation, Environmental Monitoring, Health Care, and Others. Additionally, the market is divided into the following five main categories: 2G, 3G, 4G, LTE-M, NB-IoT, and 5G.

Segmentation:

By Component

· Hardware

· Software

· Services

By Application

· Retail

· Energy

· Healthcare

· Agriculture

· Manufacturing

· Automotive & Transportation

· Others

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Geography:

The cellular IoT market is dominated by North America, followed by Europe and the Asia-Pacific region. North America accounts for the largest share of the market due to the region's advanced technological infrastructure, high adoption of IoT technologies, and the presence of major players in the market. The Europe region is also a significant contributor to the market, with a high concentration of industrial and automotive sectors that rely heavily on IoT technologies. The Asia-Pacific region is expected to experience significant growth in the cellular IoT market due to the region's large population, the increasing adoption of IoT technologies in various sectors, and the growing investments in smart city and industrial IoT projects.

Company Profiles:

· Huawei Technologies Co. Ltd.

· Ericsson AB

· Nokia Corporation

· Sierra Wireless, Inc.

· Qualcomm Incorporated

· Cisco Systems, Inc.

· Gemalto NV

· Intel Corporation

· Telit Communications PLC

· Thales Group

· Deutsche Telekom AG

· AT&T Inc.

· Verizon Communications Inc.

· Vodafone Group PLC

· Orange SA

Global Cellular IoT Market: By Types
2G
3G
4G
LTEâ€"M
NBâ€"LTEâ€"M
NBâ€"IoT
5G

Global Cellular IoT Market: By Applications
Agriculture
Environmental Monitoring
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Smart City
Consumer Electronics

Reasons to Purchase Cellular IoT Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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