According to the new market research report “Cellular IoT Market by Offering (Hardware and Software) , Type (2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT, and 5G), End-Use Application (Automotive & Transportation, Energy, Manufacturing, Retail, Building Automation and Smart City) & Geography – Global Forecast to 2022“, is expected to grow from USD 1.26 Billion in 2015 to USD 5.31 Billion by 2022, at a CAGR of 23.34% during the forecast period.
Browse 68 market data tables and 68 figures spread through 161 pages and in-depth TOC on “Cellular IoT Market”.
Early buyers will receive 10% customization on this report.
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
2G market to hold the largest share of the cellular IoT market
2G is widely adopted for IoT applications because of low cost of chipset and majority of connected devices in massive IoT require low data transfer rate which makes 2G an ideal connectivity technology in comparison to 3G, 4G and others. With growth in smart grid projects in countries such as China, Japan and South Korea, adoption of 2G is expected to be higher, especially in smart meters, which is expected to drive the 2G market.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=232497754
Building automation expected to grow at the highest rate in between 2016 and 2022
The demand for energy management, along with the increasing demand for green homes drives the growth of the building automation market. Moreover, low power consumption is an important factor that drives the growth adoption of cellular IoT modules for building automation. Also, smart city projects in North America and Asia-Pacific regions are expected to drive building automation market.
North America to hold the major market share for cellular IoT market during the forecast period
North America, which comprises the U.S., Mexico, and Canada, dominates the cellular IoT market on a global level. North America presents a huge opportunity for cellular IoT connectivity considering the IoT developments taking place in infrastructure, smart building, utilities, agriculture, and transportation. The U.S. government has been investing significant amounts toward the implementation of IoT across various sectors such as infrastructure and utilities under programs such as Smart America. The Smart America Project exhibits the manner in which IoT can improve transportation, emergency services, healthcare, security, energy conservation, and manufacturing. This is expected to bring huge opportunity for cellular IoT in North America.
The major players in the cellular-IoT market are Qualcomm Inc. (U.S.), Gemalto N.V. (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (U.K.), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and CommSolid GmbH (Germany).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets