The latest report by IMARC Group, titled ‘Cellular IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032’, provides an extensive analysis of the cellular IoT market insights. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global cellular IoT market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.4 Billion by 2032, exhibiting a growth rate (CAGR) of 18.2% during 2024-2032.
Cellular IoT Market Trends:
The global market is majorly driven by the increasing adoption of IoT devices across various industries. Cellular IoT technology provides reliable and scalable connectivity solutions for a wide range of applications, including smart cities, industrial automation, healthcare, agriculture, and transportation. The deployment of 5G networks is fueling market expansion by offering higher data speeds, lower latency, and improved network reliability, which are crucial for supporting the massive connectivity requirements of IoT devices. Additionally, the development of low-power wide-area (LPWA) technologies such as LTE-M and NB-IoT is further driving adoption by enabling cost-effective, long-range connectivity for IoT devices with minimal power consumption. The growing demand for real-time data monitoring, asset tracking, and remote management solutions is also propelling the cellular IoT market forward. Moreover, favorable government initiatives and regulatory support for IoT deployments are contributing to market growth by encouraging investments in infrastructure and promoting interoperability standards.
Get Sample Copy of Report at – https://www.imarcgroup.com/cellular-iot-market/requestsample
Cellular IoT Market Scope & Growth Analysis:
The cellular IoT market demonstrates significant scope and growth potential, driven by the expanding adoption of IoT solutions across various industries, advancements in cellular technology, and the increasing need for seamless connectivity. Cellular IoT, leveraging existing mobile networks, supports a wide range of applications including smart cities, industrial automation, healthcare, agriculture, and transportation. The rollout of advanced cellular technologies such as 5G and Narrowband IoT (NB-IoT) enhances data transfer speeds, network reliability, and energy efficiency, making cellular IoT a preferred choice for scalable and long-term IoT deployments. Market analysis indicates strong demand from sectors seeking real-time data analytics, remote monitoring, and efficient resource management. Additionally, the integration of AI and machine learning with IoT platforms further amplifies the capabilities and adoption of cellular IoT solutions. Regulatory support and standardization efforts also play a crucial role in fostering market growth. As emerging markets enhance their digital infrastructure, the cellular IoT market is poised for substantial expansion, driven by technological advancements, broadening applications, and increasing investments in IoT ecosystems.
Competitive Landscape:
- Arm Limited
- Commsolid GmbH (Goodix Technology (HK) Company Limited)
- MediaTek Inc.
- Qualcomm Incorporated
- Sequans Communications
- Sierra Wireless
- Telefonaktiebolaget LM Ericsson
- Telit, Texas Instruments Incorporated
- Thales Group
- U-Blox Holding AG and ZTE Corporation
Key Market Segmentation:
Breakup by Component:
- Hardware
- Software
- Device Management
- Signal Processing
Breakup by Type:
- 2G
- 3G
- 4G
- LTE-M
- NB-LTE-M
- NB-IoT
- 5G
Breakup by End Use:
- Agriculture
- Automotive and Transportation
- Consumer Electronics
- Energy
- Environment Monitoring
- Healthcare
- Retail
- Smart Cities
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Why Choose IMARC Research Report:
- Strong Market Research Expertise
- Targeted Marketing Strategies
- Innovative Solutions
- Comprehensive Analysis
- Accuracy and Reliability
- Provides Insightful Forecasts
- Available Customization Options
- Strong Customer Service
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
