Cellular IoT Market Is Expected to Witness Gradual Growth Over the Forecast Period 2017-2027 by sanjaymrr · July 2 Teal Muggsy Bogues Jersey , 2019
In this ever changing technological world, more and more devices are getting contacted together and building internet of things (IoT) architecture across the world. In fact, all the internet devices will be connected in future. IoT is a key facilitator of this possibility by delivering machine-to-machine and machine-to-person communication on a huge scale. FMI predicts that there will more than 30 billion connected devices by year 2024. Large segment of these devices will be connected through LAN, Wi-Fi, and other short range radio wave technologies while some portion of these devices will be connected through wireless area networks (WAN) that are primarily facilitated by cellular networks.
As in entire IoT landscape Teal Nicolas Batum Jersey , connectivity plays a significant role, that鈥檚 why cellular operators are in excellent position to have a slice of big pie by adding value in IoT market. The size of this slice of pie depends on the different role operator鈥檚 play in the eco-system of IoT. Different monetization models operator can look for are network providers, end-to-end solution providers, system integrator, etc.
Cellular IoT Market: Drivers and Challenges
Because of machine-to-machine communication and machine-to-person communication Teal Malik Monk Jersey , humongous amount of data will be generated. For the proper functioning of IoT network, there is a need of data storage, data interpretation, and data transfer in real time at minimal cost and cellular networks are fulfilling this particular need of the market. Cellular technologies such as GSM, WCDMA Teal Kemba Walker Jersey , LTE, and future 5G have evolved with new functionality and new radio access technology narrowband IoT tailored to from an attractive solution for emerging low power wide area (LPWA) applications.
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Despite the huge cellular network across the world, still quality of service and connectivity remains an issue in IoT market. Deep indoor connectivity is a requirement for many application in utility area. Furthermore, regional coverage is a prerequisite for many use cases, especially within the transport area.
Cellular IoTMarket: Segmentation
Segmentation on the basis of cellular technologies:
GSM WCDMA LTE 5G
Segmentation on the basis of vertical:
BFSI IT and Telecommunications Healthcare Retail Energy and Utilities Transportation Others
Cellular IoTMarket: Key Players
Few of the companies in cellular IoT market are: Qualcomm Incorporated Authentic Glen Rice Jersey , Sierra Wireless, Gemalto NV, Telit Communication PLC, U-Blox Holding AG, Texas Instruments Authentic Alonzo Mourning Jersey , Intel, and ZTE Corporation.
Cellular IoTMarket: Regional Overview
North America is expected to the largest market of global cellular market. Majority of IoT vendors such as Qualcomm and Texas Instruments are based in North America region itself and they are also investing in the field of IoT ecosystem of local market. For instance, BMW group, Intel, and Mobileye teamed up for autonomous driving.
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Several IoT startups such as Samsara Authentic Dell Curry Jersey , Notion, and Hologram IoT are expanding their operations in Europe region. Asia-Pacific region is expected to have moderate growth rate for cellular IoT market as countries such as China and Taiwan have advantage of large pool of semiconductor vendors. Latin America and Middle East and Africa regions are yet match the pace of global Cellular IoT market.
has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market鈥檚 trajectory Market segments based on products Authentic Percy Miller Jersey , technology, and applications Prospects of each segment Overall current and possible future size of the market Growth pace of the market Competitive landscape and key players鈥?strategies
The main aim of the report is to:
Enable key stakeholder鈥檚 in the market bet right on it Understand the opportunities and pitfalls awaiting them Assess the overall growth scope in the near term Strategize effectively with respect to production and distribution
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