Global cellular IoT market is expected to grow with a CAGR of 21.6% over the forecast period of 2018-2024
LONDON, Sept. 20, 2018 /PRNewswire/ -- The report on global cellular IoT market provides qualitative and quantitative analysis for the period of 2016 to 2024.
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The report predicts the global cellular IoT market to grow with a CAGR of 21.6% over the forecast period of 2018-2024. The study on cellular IoT market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Emerging applications, such as automotive connectivity, fleet management, healthcare device connectivity, and wearables healthcare equipments, 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 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 market in 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 North America region. The European region, is following the 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 application Asia Pacific region is expected to witness highest growth in the. In addition, the growing demand of CIoT devices in several field 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.
Key developments:-
Telit First to Receive NB-IoT Approval from IMDA in Singapore
In March,2018, London, March 19, 2018 – Telit, a global enabler of the Internet of Things (IoT), today announced that its NE866B1-E1 NB-IoT module has received the industry's first certification under Singapore's new IMDA TS-IoT regulation. This certification enables Telit customers in the APAC region to design and deploy next generation products such as smart metering, smart parking, waste collection, industrial sensors, healthcare monitors, home automation and many more low data rate IoT devices.
MediaTek unveils its First NB-IoT SoC and Announces China Mobile Collaboration to Build Industry's Smallest NB-IoT Module
In June, 2017, MediaTek Inc. today unveiled its first narrow band Internet of Things (NB-IoT) System-on-Chip (SoC), the MT2625, and announced a collaboration with China Mobile to build the world's smallest NB-IoT module (16mm X 18mm) around the chipset. MediaTek's new ultra-low-power MT2625 SoC supports a full frequency band(from 450MHz to 2.1GHz) of 3GPP R13 (NB1) and R14 (NB2) standards for a wide range of IoT applications including smart home control, logistics tracking and smart meters.
The report on cellular IoT market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global cellular IoT market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global cellular IoT market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global cellular IoT market is segmented on the basis of component, type and end-user.
Global Cellular IoT Market by Component
- Hardware
- Software
Global Cellular IoT Market by Type
- 2G
- 3G
- 4G
- LTE-M
- NB-LTE-M
- NB-IoT
- 5G
Global Cellular IoT Market by End-user
- Agriculture
- Automotive & Transportation
- Consumer Electronics
- Energy
- Environmental Monitoring
- Healthcare
- Retail
- Smart Cities
- Others
Company Profiles
- 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
- ZTE Corporation
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of cellular IoT market.
2. Complete coverage of all the segments in cellular IoT market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global cellular IoT market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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