As more and more devices become connected, the internet of things (IoT) architecture expands. In the future, it is estimated that all internet devices will be connected.
This press release was originally distributed by SBWire
San Francisco, CA – (SBWIRE) – 22-08-2018 – Cellular IoT market: snapshot
As more and more devices become connected, the internet of things (IoT) architecture expands. In the future, it is estimated that all internet devices will be connected. IoT remains the way to deliver machine-to-machine and device-to-person communication on a large scale. Most devices are estimated to be connected via wireless area networks (WAN), which are made possible by mobile networks. This is expected to be the growth outlook for the global cellular IoT market in the period 2017-2025.
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In the IoT architecture connectivity plays a major role and therefore mobile operators can add value to the IoT market. Different roles can be played by cellular operators in the IoT market. This is a decisive factor for the value that a mobile operator can add to the IoT architecture. With so many devices that communicate with each other and people who communicate with machines, an enormous amount of data is generated and this will create a need in real time for data storage, data transfer and data interpretation. In addition to this, it is essential that data storage and data transfer can be performed with minimal costs. This is fulfilled by mobile networks. Different cellular technologies are evolving in terms of functionality and new radio access technologies to provide an effective solution and to offer tailor-made IoT services. These cellular technologies include: WCDMA, GSM, LTE and 5G.
Global Cellular IoT Market: overview
Several important technological developments in the field of IoT will expand the horizon of the worldwide cellular IoT market in the coming period. While Internet connects people, IoT connects all devices and objects to the internet. By different & # 39; smart & # 39; devices, cellular IoT can collect sensor data from them. Some of these connected devices may be industrial equipment, electrical systems for vehicles, alarm systems for homes and even refrigerators and air conditioners.
The report covers the most important trends, growth pillars, challenges and opportunities on the global market for cellular Iot. The main players on the market are discussed in the report, in which their strengths, weaknesses, market strategies, market shares and product portfolios are studied, in addition to a SWOT analysis. The market forecasts, the attractiveness of the market, demand-and-supply ratio, competitive landscape, regional markets and technological progress in the area of cellular ivd have also been revealed.
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Global Cellular IoT Market: Drivers and Restraints
The main growth factors of the global cellular IoT market are the increasing demand for extensive network coverage and large capacity that can connect countless devices. Conventional cellular options such as 4G and LTE networks require a lot of power. Moreover, these networks can not be integrated with different applications where only a small amount of data is sent inconsistently. Some examples are gas or electricity consumption and meters that are used for reading water levels. Cellular IoT, on the other hand, is able to meet the requirements of applications with a low and long range. The large number of applications for cellular IoT will also ensure market growth.
Widespread awareness about environmental hazards and excessive energy consumption have stimulated the need for energy management offered by IoT on mobile devices. The growing demand for green, environmentally-friendly homes is another important growth engine of the market. The increasing use of cellular IoT in smart meters and smart grids for interconnectivity within individual meters is likely to promote the growth of the market. On the contrary, high fragmentation in terms of technology and inadequate regulation for spectrum allocation may threaten the expansion of the market.
Another driving force of the market is the growth of the NB-IoT segment. NB-IoT enables low power consumption and offers greater coverage compared to conventional technologies such as SigFox. That is why they plan to experience an increase in terms of demand.
Global Cellular IoT Market: Regional Outlook
The global market for cellular IoT can be segmented in Asia Pacific, Europe, North America and the rest of the world based on geography. The North American segment offers a multitude of opportunities for the expansion of the cellular IoT market, because countless IoT developments have taken place in smart building, agriculture, transport and infrastructure. The US has carried out large-scale investments in many sectors for the implementation of projects such as Smart America, where the IoT will help the efficiency of health care, production, transport, security, energy saving and emergency services.
The shooting of smart cities in different countries of Asia-Pacific, such as India and Japan, will give a further boost to the global cellular IoT market. South Korea, China, Japan and India are investing massively in the implementation of IoT in infrastructure, which will contribute to the growth of the market.
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Companies mentioned in the report
Some of the most important companies active on the world market for cellular IoT are U-Blox Holding AG, Gemalto N.V., CommSolid GmbH, ZTE Corporation, MediaTek Inc., Qualcomm Inc., Sierra Wireless, Sequans Communications and Telit Communications PLC.
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