Global Cellular IoT Market is expected to rise in a notable progress by 2027, at a CAGR of 23.2%

The Global Cellular IoT market is anticipated to reach a value of over $16 billion by 2027, at a rising CAGR of 23.2% during 2020- 2027.

What is Cellular IoT?

Cellular IoT (Internet of Things) is characterized as a method of interfacing physical gadgets to the web across the globe. This advanced techno utilized for network contains 3G, 4G, 5G, and so on. It offers advantages like worldwide coverage, dependable connection of IoT gadgets, and minimal expense equipment that are necessities for cellular IoT connections.

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Key players in the global Cellular IoT market covered in Chapter 13:

Qualcomm Inc. (U.S.)

Mistbase (Sweden)

U-Blox Holding AG (Switzerland)

Telit Communications PLC (U.K.)

MediaTek Inc. (Taiwan)

Sequans Communications (France)

IBM (U.S.)

Gemalto N.V. (Netherlands)

ZTE Corporation (China)

Texas Instruments Incorporated

Amazon Web Service (U.S.)

Sierra Wireless (Canada)

Intel (U.S.)

CommSolid GmbH (Germany)

Ericsson (U.S.)

In Chapter 6, on the basis of types, the Cellular IoT market from 2015 to 2025 is primarily split into:

2G

3G

4G

LTE-M

NB-LTE-M

NB-IoT

5G

In Chapter 7, on the basis of applications, the Cellular IoT market from 2015 to 2025 covers:

Agriculture

Environmental Monitoring

Automotive & Transportation

Energy

Healthcare

Manufacturing

Retail

Smart City

Consumer Electronics

Building Automation

Market segment by regions, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

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Market overview

Different factors including vigorous security, ubiquitous mobility, and tough networks are likely to drive the market over the anticipated years. Additionally, the need to connect high density, low-power, and low expense gadgets at an economical scale anticipates an improvement to the market in the future years. Furthermore, the capacity to work with local connectivity and networking technologies, like Wi-Fi and Bluetooth and improvement in enormous adoption of LTE and mechanical developments in the IoT environment are anticipated to fuel the market.

Some factors that can hinder the market growth as the higher IoT structure costs and lacking guideline for spectrum distribution are probably to perform as market restraints.

Economic growth

The global Cellular IoT market size was esteemed at $3.44 billion in 2019, and is anticipated to reach a value of over $16 billion by 2027, at a rising CAGR of 23.2%.

North America is likely to become the biggest market in the worldwide cellular IoT market. The vast majority of the IoT suppliers, for example, Qualcomm and Texas instruments, are situated in north America district itself and are additionally putting resources into the local market system area.

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