Global Cellular IoT Market is expected to reach USD 9.65 billion by 2025, according to a new study by Grand View Research, Inc. The hype around Internet of Things (IoT) and its tremendous potential to revolutionize machine-to-machine and machine-to-human communications has reached its peak, owing to which numerous technology vendors are prodding different variants of emerging technologies to capitalize on this opportunity. With increased pervasiveness of cellular connectivity and the ready availability of its extensive networks, mobile broadband is anticipated to gain unprecedented significance in IoT.
An
important aspect of the growth of cellular IoT is its ability to leverage
mobility and range as compared to other IoT access methods, which can be the
major differentiating factor over its contemporary service delivery techniques.
In addition, cellular networks operate on the existing network infrastructure
and offer reliable and quality services with assured security, which would play
a vital role in their adoption in both industrial and consumer applications.
While
cellular IoT primarily operates on the LTE technology, the emergence of other
Low Power Wide Area Networks (LPWAN), such as LoRA and SigFox, and
comparatively higher costs of cellular modules may hinder the market growth in
the next couple of years. The role played by emerging technologies such as
NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for
gaining M2M market share. These technologies are specifically designed for IoT
applications and are on the verge of commercialization with numerous pilot
projects being launched in different parts of the world.
Cellular
IoT offers numerous advantages such as broader coverage, deep indoor
penetration, and smaller module size, owing to which it is largely preferred in
high-density deployments. This is also expected to aid in the increased
adoption of the technology over the next decade. Furthermore, cellular
technologies, especially LTE, are supported and backed by a consortium of
established industry players and various organizations such as 3rd Generation
Partnership Project (3GPP) and Global System for Mobile Association (GSMA),
which is expected to boost the market growth in the coming years.
Full Research Report on Global Cellular
IoT Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cellular-iot-market
http://www.grandviewresearch.com/industry-analysis/cellular-iot-market
Further key findings from the study
suggest:
- North America is expected to
maintain its dominant position in the global market owing to a greater
penetration of next-generation LTE technologies, especially in the U.S.
- 2G holds the largest market
share in terms of revenue generated; however, it is expected to gradually
lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An
interesting factor about the competing technologies, is the way in which
these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs
NB-IoT) and whether they act as complementary or rival technologies in IoT
- Standard bodies, including 3GPP,
are actively promoting the usage of cellular IoT technology and network
transformation in broadband connectivity, which is expected to drive
market growth and standardization over the forecast period.
- Remote monitoring, cloud
connectivity, predictive maintenance, remote operation, and remote
maintenance are some of the major applications being commercialized in
different end-use industries.
- Numerous applications of
cellular IoT are anticipated to be the most important growth driver for
the market with a phenomenal increase in device shipments over the
forecast period.
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
Global Cellular Iot Market based on components, types, end uses, and regions:
Component Scope (Revenue, USD Million;
2014 - 2025)
- Hardware
- Software
·
Device Management
·
Signal Processing
Type Scope (Revenue, USD Million; 2014 -
2025)
- 2G
- 3G
- 4G
- LTE-M
- NB-LTE-M
- NB-IoT
- 5G
End-use Scope (Revenue, USD Million;
2014 - 2025)
- Agriculture
- Automotive &
Transportation
- Consumer Electronics
- Energy
- Environment Monitoring
- Healthcare
- Retail
- Smart Cities
- Others
Regional Outlook (Revenue, USD Million;
2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
(MEA)
View Press Release Of This Report by
Grand View Research: http://www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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