San Francisco, 15 January, Cellular IoT
Market Analysis By Component (Hardware, Software), By Type (2G, 3G, 4G, LTE-M,
NB-LTE-M, NB-IoT, 5G), By End-use, By Region, And Segment Forecasts, 2018 –
2025
The 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.
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Report On Cellular IoT Market Analysis:
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.
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Grand View Research At: 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
o
Device Management
o
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
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
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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.
For more information: www.grandviewresearch.com/
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