Press release
Global Cellular IoT Market Projected to Surpass $25.36 Billion by 2029 with 28.5% Annual Growth
Cellular IoT
The surge in smart city projects worldwide is set to drive the cellular IoT market's expansion. Smart cities are urban areas leveraging cutting-edge technology and data analytics to boost residents' quality of life, streamline resource management, and foster sustainability and economic progress. The rise in smart city initiatives is attributed to government acknowledgment of technology's capacity to enhance urban facilities, citizen services, and address existing challenges. Cellular IoT strengthens smart cities by providing efficient management of infrastructure and services via immediate data collection and interaction. It supports functionalities such as intelligent lighting, traffic regulation, and environmental surveillance, thus elevating urban living conditions. For example, the IMD Smart City Index Report from a Swiss-based business school reported in 2023 that the global smart city count has risen from 118 in 2021 to 141 in 2023. Consequently, the escalating number of smart city projects is stimulating the growth of the cellular IoT market.
Get Your Cellular IoT Market Report Here:
https://www.thebusinessresearchcompany.com/report/cellular-iot-global-market-report
What Is the projected market size and growth rate for the cellular iot market?
In the past few years, the market size of cellular IoT has ballooned incredibly. It's projected to expand from $7.21 billion in 2024 to $9.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 28.8%. Several factors contributed to the growth experienced in the historic period including advancements in cellular technology, decreased sensor costs, enhancements in battery life, the evolution of cloud computing and big data, and strides made in standardization and protocol development.
The size of the cellular IoT market is predicted to experience a significant surge in upcoming years, expanding to a value of $25.36 billion in 2029 with a compound annual growth rate (CAGR) of 28.5%. This growth during the predicted period can be traced back to the expanding e-commerce sector, rising usage of IoT devices, the demand for visibility in supply chains, adherence to regulations, and safety requirements. Major trends predicted for this period consist of technological evolution, incorporation of AI and Machine Learning, product roll-outs, and fusion with edge computing.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15760&type=smp
What new trends are reshaping the cellular iot market and its opportunities?
In a bid to outperform competitors in the cellular IoT market, large corporations are honing their focus on creating innovative products like industrial IoT cellular routers. These sturdy networking devices are engineered to link industrial systems and machinery to the internet via cellular connections. For example, Digi International Inc., a US-based company specializing in Internet of Things technology, in February 2024, introduced Digi IX40 - an advanced 5G edge computing industrial IoT cellular router solution tailored for Industry 4.0 applications. This solution offers 5G connectivity and the necessary edge intelligence for functionalities such as predictive maintenance, asset supervision, machine learning, and sophisticated robotics. The IX40 effortlessly links multiple machines-be it wired or wireless-in challenging environments. It improves the merger of cloud-based operational technology (OT) services with information technology (IT), simplifying multifaceted operations and expanding IT infrastructure.
What major market segments define the scope and growth of the cellular iot market?
The cellular IoT market covered in this report is segmented -
1) By Components: Hardware, Software, Services
2) By Technology: Second Generation (2G), Third Generation (3G), Fourth Generation (4G), Long-Term Evolution for Machines (LTE-M), Narrowband Long-Term Evolution for Machines (NB-LTE-M), Narrowband Internet of Things (NB-IoT), Fifth Generation (5G)
3) By Application: Alarms And Detectors, Smart Appliances, Smart Metering, Smart Parking, Smart Street Light, Surveillance And Monitoring, Trackers, Wearable Devices, Other Applications
4) By End-User: Agriculture, Automotive and Transportation, Consumer Electronics, Energy, Environment Monitoring, Healthcare, Retail, Smart Cities, Other End-Users
Subsegments:
1) By Hardware: IoT Modules, IoT Sensors, Connectivity Devices, Actuators
2) By Software: IoT Platforms, Data Analytics Software, Security Software, Device Management Software
3) By Services: Connectivity Services, Cloud Services, System Integration Services, Managed Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15760
North America was the largest region in the cellular IoT market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellular IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the cellular iot industry growth?
Major companies operating in the cellular IoT market are Verizon Communications Inc., China Mobile Limited, AT&T Inc., Deutsche Telekom AG, Robert Bosch GmbH, Huawei Technologies Co. Ltd., T-Mobile US Inc., Intel Corporation, SoftBank Group Corp., Vodafone Group, Cisco Systems Inc., Orange S.A., Qualcomm Incorporated, Telefonica SA, Nokia Corporation, KT Corporation, MediaTek, Thales Group, ZTE Corporation, Telstra Group Limited, SK Telecom Co.Ltd., Telit Communications, u-blox, Sierra Wireless, Sequans Communications
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=15760&type=smp
What Is Covered In The Cellular IoT Global Market Report?
•Market Size Forecast: Examine the cellular iot market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cellular iot market for a structured understanding.
•Key Players Overview: Analyze major players in the cellular iot market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cellular iot market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cellular iot market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cellular iot market.
•Industry Challenges: Identify potential risks and obstacles affecting the cellular iot market.
•Competitive Landscape: Review strategic developments in the cellular iot market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Cellular IoT Market Projected to Surpass $25.36 Billion by 2029 with 28.5% Annual Growth here
News-ID: 3922732 • Views: …
More Releases from The Business Research Company
Emerging Innovations Set to Redefine the Sewer Rehabilitation Services Market La …
How Large Is the Sewer Rehabilitation Services Market Anticipated to Become by 2025?
The global market for sewer rehabilitation services has experienced robust expansion lately, projected to increase from a valuation of $42.38 billion in 2024 to $45.14 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 6.5%. This historical upward trajectory is primarily fueled by several key factors: escalating levels of urbanization, the ever-aging condition of…
2025-2034 Sea Based C4ISR Market Outlook: Emerging Drivers, Growth Barriers, and …
What Market Size Will the Sea Based C4ISR Sector Reach by 2025?
The maritime C4ISR market experienced substantial expansion lately, projected to climb from a value of $3.0 billion in 2024 to $3.17 billion the following year, reflecting a compound annual growth rate of 5.7%. This upward trend observed over the historical period stems from several factors, including the intensification of naval modernization initiatives, escalating maritime security perils, augmentation in defense…
The Impact of Rapid Urbanization on the Ripening Culture Market: A Key Force Sha …
What Is the Forecasted Size of the Ripening Culture Market by 2025?
The market for ripening cultures has experienced substantial expansion lately, projected to increase from a valuation of $1.46 billion in 2024 to $1.57 billion a year later, demonstrating a consistent yearly growth rate (CAGR) of 7.7%. This upward trajectory during the past period stems from several key factors, including heightened demand for fermented dairy items, greater recognition of the…
Strong Demand Anticipated to Drive Recirculating Chillers Market Toward $2.76 Bi …
How Much Expansion Is Expected in the Recirculating Chillers Market by 2025?
The market encompassing recirculating chillers has seen swift expansion lately, projected to escalate from a value of $1.65 billion in 2024 to $1.83 billion by the ensuing year, reflecting an impressive compound annual growth rate (CAGR) of 11.2%. This upward trajectory during the historical timeframe stems from several factors, including the proliferation of automated systems in industrial procedures, escalating…
More Releases for IoT
2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers.
Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg
Event HighlightsIndustry Solutions Awards
The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications.
STEM Women Congress
A dedicated day…
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
