Cellular IoT Market size is expected to reach US$ 24.15 Bn. by 2029, growing at a CAGR of 25.4% during the forecast period.
Cellular IoT Market Overview
Maximize Market Research delves deeply into the Cellular IoT Market, focusing on each segment and taking into account global and regional trends. The report comprehensively addresses the drivers and major barriers to establish a balanced Cellular IoT market environment. The Cellular IoT market is segmented into various categories, including products, applications, vendors, and geographies, to provide readers with a comprehensive overview of the industry. The research also incorporates industry statistics that illustrate the long-term prospects of the Cellular IoT market.
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Cellular IoT Market Scope
The report presents the latest trends in the Cellular IoT market and offers insights into future demand, supply, sales, and recent changes. It focuses on key drivers and restraints for industry players, along with the current competitive landscape and development prospects. The report provides the most up-to-date market statistics, future developments, size, and emerging trends, enabling readers to identify the products and end-users driving revenue growth and profitability. It includes company profiles, product specifications, production capacity/sales, revenue, price, and gross margin & sales by product in the global Cellular IoT market research report. The research also offers market size, growth rate, country-level data, and analysis of demand and supply factors influencing global Cellular IoT market growth in different countries.
Cellular IoT Market Segmentation
The 2G market sector, followed by 3G, had the biggest market share in terms of type in 2016. Due to its inexpensive cost and the fact that the majority of Internet of Things (IoT) linked devices only require minimal data transfer rates, 2G is widely used across many IoT applications. This makes it the best connectivity technology when compared to other options like 3G, 4G, and 5G. But between 2016 and 2024, NB-IoT is anticipated to develop at the quickest rate. Due to the increased connectedness between mobile objects or devices, there is an increased need for long-distance communications.
Industry-wise, the energy sector had one of the biggest and most significant shares in 2016. The expansion of cellular IoT modules in the energy sector is driven by the rising deployment of smart grids and meters. However, one of the quickest rates of growth for building automation is anticipated. The market for building automation is being driven by the expansion of energy management and rising demand for green housing.
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Cellular IoT Market Key Players
• Texas Instruments
• ZTE Corporation
• Sequans Communication
• Mistbase Communication System
• Mediatek Inc.
• Commsolid GmbH
• Qualcomm Incorporated
• Sierra Wireless
• Gemalto NV
• Telit Communications PLC
• U–Blox Holding AG
• Ericsson AB
• ARM Limited
• Huawei Technologies Co., Ltd.
• Mediatek Inc.
• Vodafone Group plc
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Regional Analysis
The Cellular IoT market is classified into five regions, namely Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Global Cellular IoT Market report provides a comprehensive analysis of the major geographies within the market, along with significant segments and sub-segments. The report discusses the current state of regional development in terms of market size, share, and volume. In addition, the global Cellular IoT market study incorporates data on numbers, regions, and revenues, along with an in-depth analysis of the business chain structure, opportunities, and industry news.
Key Questions answered in the Cellular IoT Market Report are:
- What is Cellular IoT Market?
- What is the forecast period of the Cellular IoT Market?
- What is the competitive scenario of the Cellular IoT market?
- Which region held the largest market share in the Cellular IoT Market?
- What are the opportunities for the Cellular IoT Market?
- What factors are affecting the Cellular IoT market growth?
- Who are the key players of the Cellular IoT market?
- Which company held the largest share in the Cellular IoT market?
- What will be the CAGR of the Cellular IoT market during the forecast period?
- What key trends are likely to emerge in the Cellular IoT market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Cellular IoT#
- Landscape- Leading key players and other prominent key players.
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