Global Cellular IoT Market Size and Forecast To 2025
Global Cellular IoT Market Analysis
According to Verified Market Intelligence, the global Cellular IoT Market was valued at USD 1.86 Billion in 2017 and is projected to reach USD 9.85 Billion by 2025, growing at a CAGR of 23.2% from 2018 to 2025.
What is Cellular IoT Market?
Cellular IoT is defined as a way of connecting physical devices to internet across the globe. These advanced technologies used for connectivity comprises of 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. It offers benefits such as global coverage, reliable connection of IoT devices, and low-cost hardware that are requirements for cellular IoT connections. Growing adoption of Internet of Things (IoT) has boosted the growth of Cellular IoT Market.
Global Cellular IoT Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing demand for extended network coverage, increasing demand for cellular connectivity in the automotive sector and rising demand for demand for end-to-end security have been driving the global cellular IoT market. On the other hand, high IoT infrastructure costs and lacking regulation for spectrum allocation might hinder the overall market at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Cellular IoT Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Cellular IoT Market Competitive Landscape
The “Global Cellular IoT Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications, Ericsson AB, ARM Holdings, Huawei Technologies Co., Ltd., Mediatek Inc., Vodafone Group plc, Texas Instruments Incorporated. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Cellular IoT Market Segmentation, by Offering
Global Cellular IoT Market Segmentation, by Type
Global Cellular IoT Market Segmentation, by Application
• Environmental Monitoring
• Automotive & Transportation
Global Cellular IoT Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Intelligence.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
• In case of any queries or customization requirements please connect with our sales team, who will ensure that your requirements are met.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.