Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
cellular IoT market provides in-depth analysis of segments and sub-segments in
global as well as regional cellular IoT market. The study also highlights the
impact of drivers, restraints and macro indicators on the global and regional
cellular IoT market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
cellular IoT market. According to the report the global cellular IoT market is
projected to grow at a CAGR of 21.6% over the forecast period of 2018-2024.
The IoT is a network of physical
objects, machines, people and other devices that enable to connect,
communications, and exchange data on a real-time basis for intelligent
applications in various services. Devices that are used to connect through network, and obtain information
through it, is called cellular IoT (CIoT) devices. Simply, Cellular IoT
connects IoT devices using existing cellular networks. The cellular IoT devices
consist of smartphones, tablets, consumer electronics, vehicles, motors, and
sensors.
Emerging applications, such as
automotive connectivity, fleet management, healthcare device connectivity, and
wearables healthcare equipment, are expected to drive the growth of cellular IoT
device market. In addition, CIoT devices find application in a host of other
applications, including smart metering, weather monitoring systems, personnel
traffic pattern monitoring, infrastructure security systems, flood management,
and agricultural management among others. Factors such as fragmentation and
strong competition from LPWAN technologies, such as LoRA and SigFox, may limit
the market growth of this market for the medium term. However, numerous efforts
taken to standardize the industry and eminent emerging venues for several important
applications of cellular IoT devices are expected to boost the growth of this the market in the coming year.
The North American region is leading
the market in terms of revenue and deployment of CIoT devices as solution
vendors and component manufacturers are aggressively pursuing CIoT implementation
projects for various applications. Additionally, numerous CIoT developments
have been taking place in smart building, agriculture, transportation, and
infrastructure which is helping to grow this market in the North America region. The European region is following North America in terms of generating
considerable revenue and deployment. It is witnessing a healthy growth pattern over
the forecast period. Cellular connectivity in IoT applications ensures massive
deployments of CIoT devices in several sectors
such as fleet tracking and management of capillary networks and smart
buildings, owing to these applications Asia-Pacific region is expected to witness the highest growth in the. In addition,
the growing demand of CIoT devices in several fields such as transportation, agriculture, medical, manufacturing and
production, and other industrial applications are the major factors driving
market growth over the forecast period in Asia-Pacific.
The report on global cellular IoT market covers segments such
as component, type, and end user. On the basis of component, the global cellular IoT market is categorized
into hardware and software. On the basis of type the global cellular IoT market
is categorized into 2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IOT, and 5G. On the basis of
end user, the global cellular IoT market is categorized into agriculture, automotive
& transportation, consumer electronics, energy, environmental monitoring,
healthcare, retail, smart cities, and others.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
cellular IoT market such as CommSolid GmbH, MediaTek, Inc., Sequans
Communications S.A, Sierra Wireless, Inc., U-Blox Holding AG, Mistbase Communication
System(ARM Holdings plc), Gemalto NV, Qualcomm Technologies, Inc., Texas
Instruments Incorporated and ZTE Corporation.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global cellular IoT
market. Moreover, IGR-Growth Matrix analysis given in the report brings an
insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of cellular IoT market.
Moreover, the study highlights current market trends and provides forecast from
2018-2024. We also have highlighted future trends in the cellular IoT market
that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players. This report will help manufacturers,
suppliers, and distributors of the cellular IoT market to understand the present
and future trends in this market and formulate their strategies accordingly.
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