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The Cellular IoT Market size was estimated at USD 4.90 billion in 2022, USD 5.83 billion in 2023, and is expected to grow at a CAGR of 19.81% to reach USD 20.81 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The Cellular IoT market encompasses products, services, and solutions that facilitate large-scale device connectivity over cellular networks. Cellular IoT technology facilitates low-power, long-range applications across various industries, such as smart cities, agriculture, healthcare, logistics, and energy management, enhancing these sectors' capabilities by enabling efficient data collection, analysis, and decision-making. Adoption of low-power wide-area (LPWA) technologies such as Narrowband-IoT (NB-IoT) or Long Range (LoRa) and advancements in machine learning algorithms for improved sensor data analysis along with government investments in smart city infrastructure are supporting the application of cellular IoT. However, high deployment costs in remote areas, data privacy and security concerns, and non-standardized communication protocols leading to interoperability issues among systems are hindering the market's growth. The development of energy-efficient connectivity solutions and investments in AI-powered advanced data analytics platforms for processing vast sensor data is expected to create an opportunistic landscape for the market.
Regional Insights
The cellular IoT market showcases strong growth in the Americas region owing to a significant focus on research and investment in IoT technologies and various initiatives such as smart cities projects, driving local governments to adopt cellular connectivity for urban infrastructure management. Major economies in the EU region have been at the forefront of implementing IoT solutions across various verticals. The European Commission's Horizon 2020 program allocated significant funding toward research and innovation in IoT applications. This has led to numerous advancements in connected vehicles, smart agriculture, and energy management systems. The MEA region depicts an opportunistic landscape for cellular IoT adoption owing to the ever-growing need for improved connectivity across industries such as oil & gas production or management and smart water resource management systems. Market growth in the APAC region can be attributed to increasing investments in smart cities. Efforts from private enterprises and governments toward improving road safety through intelligent transportation systems have accelerated cellular IoT adoption for traffic control applications. The emergence of Industry 4.0 encourages manufacturers across APAC countries to invest in cellular IoT devices to streamline their operations, increase productivity, and reduce costs.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Cellular IoT Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cellular IoT Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Cellular IoT Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Aeris Communications, Inc., Amazon Web Services, Inc., AT&T Inc., China Telecom Corporation Limited, China Unicom Limited, Google LLC by Alphabet Inc., Huawei Technologies Co., Ltd., Jio Platforms Limited by Reliance Industries Limited, Kiddi Corporation, MediaTek, Inc., Microchip Technology Inc., Microsoft Corporation, NEC Corporation, Nippon Telegraph and Telephone Corporation, Nokia Corporation, Nordic Semiconductor ASA, NXP Semiconductors N.V., Onomondo ApS, Orange Group, Particle Industries, Inc., Proximus PLC, Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Renesas Electronics Corporation, Rogers Communications, Sequans Communications S.A., Sierra Wireless, Inc. by Semtech Corporation, SK Telecom Co., Ltd., STMicroelectronics N.V., Tata Communications Limited, Telefonaktiebolaget LM Ericsson, Telefónica, S.A., Telekom Deutschland GmbH, Telia Company AB, Telit Communications, Telstra Group Limited, Telus Corporation, Texas Instruments Incorporated, U-blox AG, Verizon Communications Inc., Vodafone Group PLC, Würth Elektronik eiSos GmbH & Co. KG, Zipit Wireless, Inc, and ZTE Corporation.Market Segmentation & Coverage
This research report categorizes the Cellular IoT Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- 2G
- 3G
- 4G
- 5G
- LTE-M
- NB-IoT
- NB-LTE-M
- Component
- Hardware
- Services
- Software
- Application
- Connected Vehicle
- Drones or UAV
- Fleet Management
- Smart Grid Automation
- Smart Metering
- Surveillance & Monitoring
- Traffic Safety & Control
- VR/AR
- End-User
- Agriculture
- Automotive & Transportation
- Construction & Building Infrastructure
- Consumer Electronics
- Energy
- Environmental Monitoring
- Healthcare
- Retail
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Cellular IoT Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cellular IoT Market?
- What are the technology trends and regulatory frameworks in the Cellular IoT Market?
- What is the market share of the leading vendors in the Cellular IoT Market?
- Which modes and strategic moves are suitable for entering the Cellular IoT Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Cellular IoT Market, by Type
7. Cellular IoT Market, by Component
8. Cellular IoT Market, by Application
9. Cellular IoT Market, by End-User
10. Americas Cellular IoT Market
11. Asia-Pacific Cellular IoT Market
12. Europe, Middle East & Africa Cellular IoT Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Accenture PLC
- Aeris Communications, Inc.
- Amazon Web Services, Inc.
- AT&T Inc.
- China Telecom Corporation Limited
- China Unicom Limited
- Google LLC by Alphabet Inc.
- Huawei Technologies Co., Ltd.
- Jio Platforms Limited by Reliance Industries Limited
- Kiddi Corporation
- MediaTek, Inc.
- Microchip Technology Inc.
- Microsoft Corporation
- NEC Corporation
- Nippon Telegraph and Telephone Corporation
- Nokia Corporation
- Nordic Semiconductor ASA
- NXP Semiconductors N.V.
- Onomondo ApS
- Orange Group
- Particle Industries, Inc.
- Proximus PLC
- Qualcomm Incorporated
- Quectel Wireless Solutions Co., Ltd.
- Renesas Electronics Corporation
- Rogers Communications
- Sequans Communications S.A.
- Sierra Wireless, Inc. by Semtech Corporation
- SK Telecom Co., Ltd.
- STMicroelectronics N.V.
- Tata Communications Limited
- Telefonaktiebolaget LM Ericsson
- Telefónica, S.A.
- Telekom Deutschland GmbH
- Telia Company AB
- Telit Communications
- Telstra Group Limited
- Telus Corporation
- Texas Instruments Incorporated
- U-blox AG
- Verizon Communications Inc.
- Vodafone Group PLC
- Würth Elektronik eiSos GmbH & Co. KG
- Zipit Wireless, Inc
- ZTE Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.83 Billion |
| Forecasted Market Value ( USD | $ 20.81 Billion |
| Compound Annual Growth Rate | 19.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 45 |
