San
Francisco, 4 October 2018 - The global cellular IoT market is expected to reach USD 9.65
billion by 2025, according to a new study by Grand View Research, Inc. The hype
around Internet of Things (IoT) and its tremendous potential to revolutionize
machine-to-machine and machine-to-human communications has reached its peak,
owing to which numerous technology vendors are prodding different variants of
emerging technologies to capitalize on this opportunity. With increased
pervasiveness of cellular connectivity and the ready availability of its
extensive networks, mobile broadband is anticipated to gain unprecedented
significance in IoT.
An important aspect of the growth of cellular IoT is
its ability to leverage mobility and range as compared to other IoT access
methods, which can be the major differentiating factor over its contemporary
service delivery techniques. In addition, cellular networks operate on the
existing network infrastructure and offer reliable and quality services with
assured security, which would play a vital role in their adoption in both
industrial and consumer applications.
While cellular IoT primarily operates on the LTE
technology, the emergence of other Low Power Wide Area Networks (LPWAN), such
as LoRA and SigFox, and comparatively higher costs of cellular modules may
hinder the market growth in the next couple of years. The role played by
emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be
instrumental in the hustle for gaining M2M market share. These technologies are
specifically designed for IoT applications and are on the verge of
commercialization with numerous pilot projects being launched in different
parts of the world.
Cellular IoT offers numerous advantages such as
broader coverage, deep indoor penetration, and smaller module size, owing to
which it is largely preferred in high-density deployments. This is also
expected to aid in the increased adoption of the technology over the next
decade. Furthermore, cellular technologies, especially LTE, are supported and
backed by a consortium of established industry players and various
organizations such as 3rd Generation Partnership Project (3GPP)
and Global System for Mobile Association (GSMA), which is expected to boost the
market growth in the coming years.
Full
Research Report On Global Cellular IoT Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/cellular-iot-market
www.grandviewresearch.com/industry-analysis/cellular-iot-market
Further
key findings from the study suggest:
- North America is expected to maintain its
dominant position in the global market owing to a greater penetration of
next-generation LTE technologies, especially in the U.S.
- 2G holds the largest market share in terms of
revenue generated; however, it is expected to gradually lose its share to
emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting
factor about the competing technologies, is the way in which these
technologies operate in relation to each other (LTE-M vs NB-LTE-M vs
NB-IoT) and whether they act as complementary or rival technologies in IoT
- Standard bodies, including 3GPP, are actively
promoting the usage of cellular IoT technology and network transformation
in broadband connectivity, which is expected to drive market growth and
standardization over the forecast period.
- Remote monitoring, cloud connectivity, predictive
maintenance, remote operation, and remote maintenance are some of the
major applications being commercialized in different end-use industries.
- Numerous applications of cellular IoT are
anticipated to be the most important growth driver for the market with a
phenomenal increase in device shipments over the forecast period.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global cellular IoT market based on
components, types, end uses, and regions:
Component
Scope (Revenue, USD Million; 2014 - 2025)
- Hardware
- Software
- Device
Management
- Signal
Processing
Type Scope
(Revenue, USD Million; 2014 - 2025)
- 2G
- 3G
- 4G
- LTE-M
- NB-LTE-M
- NB-IoT
- 5G
End-use
Scope (Revenue, USD Million; 2014 - 2025)
- Agriculture
- Automotive
& Transportation
- Consumer
Electronics
- Energy
- Environment
Monitoring
- Healthcare
- Retail
- Smart
Cities
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa (MEA)
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market
www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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