Global Cellular IoT Market 2023-2027

Global Cellular IoT Market 2023-2027

Technavio has been monitoring the cellular IoT market and is forecast to grow by USD 8073.13 mn during 2022-2027, accelerating at a CAGR of 23% during the forecast period. Our report on the cellular IoT market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by implementation of cellular IoT modules in smart city infrastructure and building automation, growth in the telecommunications industry and digitalization, and increasing use of cellular IoT in healthcare sector.

Technavio's cellular IoT market is segmented as below:

By ComponentHardwareSoftwareBy Type3G2G4GOthersBy Geographical LandscapeNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the growing applications in vehicle telematics and fleet management as one of the prime reasons driving the cellular IoT market growth during the next few years. Also, growth in industrial automation and rise in recent development in cellular IoT will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the cellular IoT market covers the following areas:Cellular IoT market sizingCellular IoT market forecastCellular IoT market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cellular IoT market vendors that include Thales, AT and T Inc., Celplan, ETM Matteknik AB, Fibocom Wireless Inc., floLIVE, Huawei Technologies Co. Ltd., Intel Corp., MediaTek Inc., Nordic Semiconductor ASA, Qorvo Inc., Qualcomm Inc., Quectel Wireless Solutions Co. Ltd., Semtech Corp., Shield IoT, Skyworks Solutions Inc., Sony Group Corp., Telit IoT Platforms LLC, Texas Instruments Inc., u blox AG, UNISOC Shanghai Technologies Co. Ltd., and ZTE Corp. Also, the cellular IoT market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.