Cellular IoT Market Scope
A cellular IoT a way of connecting physical things (like sensors) to the internet using basically the same stuff behind smartphone. Instead of needing to create a new, private network to house IoT devices, they can piggyback on the same mobile network as smartphones. Cellular IoT has been widely adopted across the world, with 2G and 3G connectivity enabling many early IoT applications. Greater bandwidth, lower latency and increased support for large volumes of devices per cell are coming to the market with 4G offerings. These will be enhanced further with the arrival of 5G networks, initially enabled by the 5G New Radio (NR) standard, which will enable Ultra-Reliable Low Latency Communications (URLLC) that support increasingly critical applications.
According to AMA, the Global Cellular IoT market is expected to see growth rate of 22.3%
Leading key players cellular IoT are focusing on strategic partnerships and new service launches to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Cellular IoT market throughout the predicted period.
Qualcomm Inc. (United States), Gemalto N.V. (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (United Kingdom), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and CommSolid GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Digi International (United States) and Skyworks (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cellular IoT market by Type (2G, 3G, NB–LTE–M, 4G, LTE–M, NB–IoT and 5G) and Region with country level break-up.
On the basis of geography, the market of Cellular IoT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Ability to Accommodate a Large Number of Connected Devices
Market Drivers
- Increasing Demand for Extended Network Coverage
- Growing Demand for Cellular Connectivity in the Automotive Sector
- Increasing Demand for End-To-End Security
Opportunities
- Rising Adoption of Smart Technologies and Distributed Applications
Restraints
- Absence of Regulation for Spectrum Allocation
Challenges
- Emerging Common Protocols and Standards across the IoT Platform
Key Target Audience
Cellular IoT Providers, IoT Service Providers, Network Providers, Agriculture Industry, Healthcare Industry, Governmental Bodies and Research Firms