iCrowd Newswire
18 Sep 2021, 05:33 GMT+10
According to the new market research report "Cellular IoT Market by Component (Hardware, Software, and Services), Technology (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G), Application, Vertical and Geography(North America, Europe, APAC, South America & MEA) - Global Forecast to 2027″, published by MarketsandMarkets™, the Cellular IoT Market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027; it is expected to grow at a CAGR of 25.7%from 2021 to 2027.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232497754
The key factors fueling the growth of the market include the increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring. Additionally, increasing application of cellular IoT modules in medical wearables, and Increasing applications for cellular IoT modules in vehicle telematics and fleet management is expected to create a growth opportunity for the cellular IoT market.
The hardware segment is projected to account for the largest share of the cellular IoT market during the forecast period.
Hardware components such cellular IoT modules and chipsets form the basis of the entire cellular IoT ecosystem. The increasing deployment of cellular IoT modules in wearables and connected healthcare devices as well as smartcity infrastructure, and building automation projects is expected to fuel the growth of the hardware segment during the forecast period.
Browse in-depth TOC on "Cellular IoT Market"150 – Tables58 – Figures232 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=232497754
The market for wearable devices segment is expected to grow at the highest CAGR during the forecast period
Increasing demand for medical wearables during the COVID-19 pandemic is expected to fuel the growth of the wearable devices segment during the forecast period.
APAC region is expected to grow at the highest CAGR during the forecast period.
China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC. Rapid deployment of smart city projects and increased demand for connected health wearable devices during the COVID-19 pandemic are driving the growth of the regional market.
The key players operating in the cellular IoT market include Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), and u-blox Holding (Switzerland)
Related Reports:
Narrowband IoT (NB-IoT) Chipset Market with COVID-19 impact, by Device (Smart Meters, Smart Parking), Deployment (Guard, In-Band, Stand-Alone), Vertical (Energy & Utilities, Infrastructure, Building Automation), and Region - Global Forecast to 2025
IoT Chip Market with COVID-19 Impact Analysis by Hardware (Processor, Connectivity IC, Sensor, Memory Device and Logic Device), Power Consumption, End-use Application (Wearable Devices, Consumer Electronics, Building Automation and Retail) and Region - Global Forecast to 2025
Tags: Cellular IoT Market Forecast, Cellular Iot Market Trends, Cellular Iot Market Analysis, Cellular IoT Market, Cellular IoT Market Size, Cellular IoT Market Share
See Campaign: https://www.marketsandmarkets.com/Market-Reports/cellular-iot-market-232497754.htmlContact Information:Mr. Aashish Mehra
MarketsandMarkets
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441Tags:Menafn, Reportedtimes, PR-Wirein, Extended Distribution, Research Newswire, English
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationWASHINGTON, D.C.: A boom in U.S. solar energy installations may be running out of steam as shifting federal priorities, new tariffs,...
NEW YORK CITY, New York: Oil prices remained steady on June 9 as investors looked ahead to the outcome of the U.S.-China trade talks...
CHANDRAPUR/SOLAPUR (India): As India doubles down on coal to fuel its growing energy needs, an invisible crisis is surfacing: the country...
NEW YORK, New York - U.S. stock markets rose Tuesday as investors and traders anticipated a positive outcome from ongoing trade talks...
BEIJING/WASHINGTON, D.C.: In a rare move aimed at easing mounting supply chain pressure, China has issued temporary export licenses...
BERN, Switzerland: UBS faces a sweeping new capital requirement from the Swiss government, which this week proposed changes that could...
BEIJING/WASHINGTON, D.C.: In a rare move aimed at easing mounting supply chain pressure, China has issued temporary export licenses...
BEIJING, China: A little-known office inside China's Ministry of Commerce has become a powerful chokepoint in the global auto and tech...
BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...
MENLO PARK, California: As artificial intelligence demands explode, Big Tech is turning to an old source for new power: nuclear energy....
HT Syndication Pune (Maharashtra) [India], June 11: Checking the CIBIL score online is quick and free on Bajaj Markets, without the...
Lucknow (Uttar Pradesh) [India], June 11 (ANI): Following the postponement of the Axiom 4 mission, Group Captain Shubhanshu Shukla's...