Cellular IoT (CIoT) Market: Global Industry Analysis, Trends, Market Size and Forecasts to 2024 - CAGR to Grow at 21.6% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Cellular IoT Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global cellular IoT market to grow with a CAGR of 21.6% over the forecast period of 2018-2024.
Emerging applications, such as automotive connectivity, fleet management, healthcare device connectivity, and wearables healthcare equipments, are expected to drive the growth of cellular IoT device market. In addition, CIoT devices find application in a host of other applications, including smart metering, weather monitoring systems, personnel traffic pattern monitoring, infrastructure security systems, flood management, and agricultural management among others.
Factors such as fragmentation and strong competition from LPWAN technologies, such as LoRA and SigFox, may limit the market growth of this market for medium term. However, numerous efforts taken to standardize the industry and eminent emerging venues for several important applications of cellular IoT devices are expected to boost the growth of this market in coming year.
North America is leading the market in terms of revenue and deployment of CIoT devices as solution vendors and component manufacturers are aggressively pursuing CIoT implementation projects for various applications. Europe is following North America in terms of generating considerable revenue and deployment. It is witnessing a healthy growth pattern over the forecast period.
Major Market DevelopmentsTelit First to Receive NB-IoT Approval from IMDA in Singapore MediaTek unveils its First NB-IoT SoC and Announces China Mobile Collaboration to Build Industry’s Smallest NB-IoT Module
Companies ProfiledCommSolid GmbH MediaTek Inc. Sequans Communications S.A. Sierra Wireless Inc. U-Blox Holding AG Mistbase Communication System (ARM Holdings plc) Gemalto N.V. Qualcomm Technologies Inc. Texas Instruments Incorporated ZTE Corporation
Key Topics Covered
2. Executive Summary
3. Global Cellulor IoT Device Market Overview
4. Cellulor IoT Device Market Macro Indicator Analysis
5. Global Cellulor IoT Device Market by Component
6. Global Cellulor IoT Device Market by Type
7. Global Cellulor IoT Device Market by End-User
8. Global Cellulor IoT Device Market by Region 2018-2024
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/qbz8pg/cellular_iot?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005865/en/
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Related Topics:Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS
SOURCE: Research and Markets
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PUB: 09/20/2018 03:58 PM/DISC: 09/20/2018 03:58 PM