Press release
Boost in Technology Driving the Cellular IoT Gateways Market globally 2017 - 2025
The major driving factors for the growth of the cellular IoT gateways market are increasing Internet connectivity, continuous growth in the demand for smartphones & other connecting devices, expansion in the use of wireless sensors and its network, and cloud computing becoming mainstream. The major opportunities contributing to the growth of the market are the increasing adoption of wearable devices in multiple application areas such as medical and healthcare, industrial, and military among others.
The lack of common communication standards across platforms and frequent replacement of batteries and high power consumption by connected devices are the restraining factors in the Cellular IoT gateways market.
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Cellular IoT Gateways Market: Segmentation
On the basis of type, the Cellular IoT Gateways market is segmented into 2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT.
On the basis of end-user industry, Cellular IoT Gateways Market can be segmented into BFSI, retail, telecommunication, healthcare, military and others.
Regionally, Cellular IoT Gateways market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
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Cellular IoT Gateways Market: Regional Outlook
North America expected to hold the largest market share during the forecast period as it home to some of the largest multinational corporations such as Cisco Systems, Inc. (U.S.) and Qualcomm Inc. (U.S.). Asia-Pacific region is expected to have a moderate growth rate for cellular IoT gateway market as countries such as China and Taiwan have the advantage of a large pool of vendors. Latin America and Middle East and Africa regions are yet to match the pace of global Cellular IoT gateway market.
Key Market Players:
Some of the key players of Cellular IoT Gateways Market are: Cisco Systems, Inc., Qualcomm Inc., Gemalto N.V, U-Blox Holding AG, Sierra Wireless, MediaTek Inc., Telit Communications PLC, ZTE Corporation, Mistbase, CommSolid GmbH and Sequans Communications.
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