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Global Cellular IoT Market is expected to grow at a CAGR of 12.3% Forecasts to 2025
The global Cellular IoT market is valued at 2010 million US$ in 2017 and will reach 5110 million US$ by the end of 2025, growing at a CAGR of 12.3% during 2018-2025.
Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands. Rising demand for extended network coverage and capacity to accommodate large number of connected devices are expected to drive the market for cellular IoT. Moreover, increasing demand for end-to-security between network connected devices also contributes to the growth of cellular IoT market.
Global Cellular IoT Market provides the latest information on the present and the future industry trends, allowing the readers to identify the products and services, hence driving the revenue growth and profitability. The research report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends.
Global Cellular IoT market competition by top manufacturers/players: Qualcomm, Gemalto, Sierra Wireless, U-Blox Holding, MediaTek, Telit Communications, Mistbase, Sequans, CommSolid.
Applications analyzed in this report are: – Automotive & Transportation, Energy, Manufacturing, Building Automation and Smart City, Other.
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