Global Cellular IoT Market Global Industry Analysis report 2017 provides Cellular IoT Market Size, Share, Trends, Growth, Key Company, and Industry analysis forecast To 2022. Report also provides Attractive Market Opportunities in the Cellular IoT Market around the world. Report states that Cellular IoT Market for the Software Segment Expected to Grow at the Highest Rate Between 2016 and 2022 and Building Automation Expected to Grow at the Highest Rate Between 2016 and 2022. Cellular- IoT Companies analysed in report are Qualcomm Inc. (U.S.), Gemalto N.V. (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (U.K.), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and Comm Solid GmbH (Germany).
Cellular IoT Market by Offering (Hardware and Software) , Type (2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT, and 5G), End-Use Application (Automotive & Transportation, Energy, Manufacturing, Retail, Building Automation and Smart City) & Geography - Global Forecast to 2022
Cellular IoT Market Global Industry Analysis report 2017 provides Cellular IoT Market Size, Share, Trends, Growth, and Key Company analysis from 2017 to 2022. Report also provides Cellular IoT Market by Offering includes Hardware and Software, by Type which covers 2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT, and 5G Cellular types , and End-Use Application like Automotive & Transportation, Energy, Manufacturing, Retail, Building Automation and Smart City.
Report also provides geographical analysis and global forecast to 2022.
The cellular IoT market is expected to grow from USD 1.26 billion in 2015 to USD 5.31 billion by 2022, at a CAGR of 23.34% during the forecast period
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Cellular-IoT Companies analysed in report are - Qualcomm Inc.
(U.S.), Gemalto N.V. (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (U.K.), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and Comm Solid GmbH (Germany).
Need for low-power consumption and low cost of deployment is expected to drive the cellular IoT market
Rising demand for extended network coverage and capacity to accommodate large number of connected devices are expected to drive the market for cellular IoT. However, technology fragmentation and lack of regulation for spectrum allocation is expected to rescript the growth of this market.
Growing demand for long-range connectivity and low power consumption drives the growth of NB-IoT in cellular IoT market
The demand for long-range communication sowing to the increase in demand for connectivity between mobile objects or objects spread out across a wide area drives the growth of NB-IoT market. Moreover, NB-IoT offers low power utilization and extended coverage in comparison to existing technologies such as LoRa and SigFox and is therefore expected to be widely adopted by several industries.
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Smart meters and smart grids are expected to drive cellular IoT market in energy industry
Cellular technologies are now being deployed in smart meter and smart grid for point-to-point communication with individual meters. Moreover, when utility companies opt for cellular communications, they can rely on the mobile operator to provide the network instead of bearing the cost of deploying, operating, and maintaining the entire communications infrastructure themselves.
By outsourcing it to mobile operators, companies can reduce both installation costs and implementation time for their smart metering projects.
Cellular IoT market in Asia-Pacific to grow at a high rate
Countries such as China, Japan, South Korea, and India are investing heavily for the implementation of IoT in infrastructure which is expected to drive the cellular IoT market in Asia-Pacific. In APAC, many projects are in the initial phase of designing with implementation of some ongoing projects.
There are still many projects to be initialized during the forecast period which offers tremendous growth opportunities for the smart solution vendors.
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The breakup of the profile of primary participants has been given below:
- By Companies: Tier 1 – 20 %, Tier 2 – 35%, and Tier 3 – 45%.
- By Designation: C-level Executives – 25%, Directors– 35%, and Others – 40%.
- By Region: North America – 50%, Europe – 30%, Asia-Pacific– 10%, and RoW – 10%.
This report segments the cellular IoT market comprehensively and provides the closest approximations of the market sizes for the overall market and sub-segments across the different applications and regions. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
The cellular IoT market has been segmented on the basis of offering, type, end-use application, and geography. The market based on offering has been further segmented into hardware, software.
The market based on type includes 2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT, and 5G. The cellular IoT market based on end-use application are agriculture, environmental monitoring, and healthcare, building automation, automotive and transportation, and many others.
On the basis of geography, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World.