The Cellular IoT Market Size was valued at USD 5.78 Billion in 2023 and is expected to reach USD 43.90 Billion by 2032 and grow at a CAGR of 25.4% over the forecast period 2024-2032.
The Market is rapidly expanding due to the adoption of 5G, LPWAN (NB-IoT, LTE-M), and edge computing across industries. It enables real-time monitoring, automation, and data exchange in sectors like smart cities, healthcare, and industrial automation. Governments support this growth through smart grid modernization and infrastructure projects, while telecom providers expand NB-IoT and LTE-M networks. Leading players like Qualcomm, Ericsson, Huawei, and AT&T invest in IoT modules and cloud solutions. Despite high deployment costs and spectrum limitations, innovations in eSIM, private LTE, and satellite IoT are driving new opportunities, positioning cellular IoT as a key enabler of the connected economy.
The U.S. Cellular IoT Market size was USD 1.42 billion in 2023 and is expected to reach USD 9.20 billion by 2032, growing at a CAGR of 23.15% over the forecast period of 2024-2032.
The U.S. Cellular IoT Market is experiencing significant growth, driven by the rising adoption of 5G, NB-IoT, and LTE-M technologies across various industries. Increasing demand for connected devices, smart infrastructure, and industrial automation is fueling market expansion. Government initiatives supporting smart cities, energy management, and digital healthcare are further accelerating adoption. Leading telecom providers and IoT solution providers are investing in network expansion, IoT modules, and cloud-based platforms to enhance connectivity. The market is also benefiting from advancements in AI, edge computing, and private LTE networks, making cellular IoT a crucial component of the country’s digital transformation.
Key Drivers:
Growing Adoption of 5G and LPWAN Technologies Accelerates Cellular IoT Market Growth
The increasing deployment of 5G and LPWAN technologies (NB-IoT, LTE-M) is a major driver for the Cellular IoT Market. These technologies enable faster data transmission, lower latency, and enhanced connectivity for a wide range of IoT applications, including smart cities, industrial automation, connected healthcare, and automotive. The rollout of 5G networks provides high-speed, ultra-reliable, and low-latency communication, essential for real-time data processing and mission-critical IoT applications.
For instance, companies like AT&T, Verizon, and Ericsson are actively developing IoT-enabled 5G solutions to cater to industrial and enterprise needs. Similarly, LPWAN technologies support low-power and long-range communication, making them ideal for smart metering, asset tracking, and remote monitoring. Telecom providers are heavily investing in network infrastructure expansion to meet the growing demand for seamless IoT connectivity.
Moreover, governments worldwide are supporting IoT deployments through spectrum allocations and smart infrastructure projects. The convergence of 5G, AI, and edge computing is further enhancing the efficiency of Cellular IoT, making it a key enabler of the digital transformation across industries.
Restrain:
High Deployment and Maintenance Costs Restrain the Growth of the Cellular IoT Market
The high cost of deployment, maintenance, and infrastructure expansion poses a significant restraint to the Cellular IoT Market. Establishing 5G and LPWAN networks requires substantial capital investment, which can be a major hurdle for small and medium enterprises (SMEs) and businesses in emerging economies. Additionally, cellular IoT solutions involve costs associated with IoT modules, connectivity services, cloud platforms, and cybersecurity. Maintaining a robust and secure network also requires continuous upgrades and investments in advanced technologies, adding to the financial burden on companies.
Furthermore, IoT device manufacturers need to ensure compatibility with multiple network standards (2G, 3G, 4G, 5G, NB-IoT, LTE-M), increasing development complexities and costs. The slow return on investment (ROI) for IoT deployments in industries such as agriculture, energy, and logistics further discourages widespread adoption. Many enterprises are still hesitant to invest in cellular IoT solutions due to concerns over scalability, long-term operational costs, and evolving regulatory requirements. Addressing these cost-related challenges through affordable IoT solutions, flexible pricing models, and government incentives will be crucial for unlocking the full potential of the Cellular IoT Market.
Opportunities:
Expanding Smart Infrastructure and Connected Ecosystems Unlock New Opportunities for Cellular IoT Market
The rapid expansion of smart infrastructure and connected ecosystems presents a significant opportunity for the Cellular IoT Market. Governments and enterprises are increasingly investing in smart cities, industrial automation, intelligent transportation, and connected healthcare, driving demand for secure and efficient cellular IoT solutions. Initiatives like smart grid modernization, autonomous vehicle networks, and digital healthcare platforms rely heavily on real-time data exchange and seamless connectivity, which cellular IoT networks can efficiently provide.
Additionally, advancements in AI and edge computing are improving the efficiency of cellular IoT networks, enabling predictive analytics and real-time decision-making. Telecom operators and IoT solution providers are leveraging partnerships and collaborations to expand their IoT service offerings. For instance, companies like Qualcomm, Huawei, and Ericsson are developing customized IoT solutions for energy management, smart agriculture, and asset tracking.
Challenges:
Security and Privacy Concerns Pose Major Challenges for the Cellular IoT Market
The Cellular IoT Market is the increasing threat of cybersecurity risks, data breaches, and privacy concerns. As IoT devices become more interconnected, they generate vast amounts of sensitive data, making them a prime target for hackers and cybercriminals. The risk of unauthorized access, data manipulation, and cyberattacks poses a significant threat to industries relying on IoT-enabled solutions, such as healthcare, finance, and industrial automation.
Additionally, IoT devices often operate in distributed environments with varying network security protocols, making them vulnerable to malware attacks and unauthorized interceptions. The lack of universal security standards and compliance regulations further exacerbates the issue, as companies struggle to implement robust security measures across global cellular IoT networks. High-profile cyberattacks on critical infrastructure, smart city projects, and connected vehicles have raised concerns about data integrity and user privacy.
By Component
The Hardware segment accounted for the largest share in the Cellular IoT Market in 2023, primarily due to the increasing demand for IoT modules, sensors, gateways, and chipsets that enable seamless connectivity across industries. With the expansion of 4G, 5G, and LPWAN networks, companies are investing in advanced cellular IoT hardware to enhance network efficiency and device performance.
For instance, Qualcomm launched its new IoT chipset solutions, designed for smart meters, asset tracking, and industrial automation, further driving demand in the market. Similarly, Quectel Wireless Solutions introduced NB-IoT and LTE-M modules to support IoT applications in smart cities, healthcare, and logistics.
The increasing deployment of private LTE and 5G networks has also led to significant investments in IoT hardware infrastructure, ensuring low-latency, high-speed communication for mission-critical applications. Additionally, companies such as Fibocom and Sierra Wireless have expanded their IoT module portfolios to meet the rising demand for automotive and smart energy solutions.
The Software segment is projected to grow at the fastest CAGR within the Cellular IoT Market, driven by increasing demand for IoT platforms, analytics software, and cloud-based management solutions. As businesses deploy IoT devices at scale, there is a rising need for real-time monitoring, data processing, and AI-driven automation to optimize network operations.
Additionally, Ericsson’s IoT Accelerator platform is enabling telecom operators to manage large-scale IoT deployments efficiently. The integration of AI and machine learning into IoT platforms is further enhancing predictive analytics and automation, making IoT networks more secure and scalable. With industries adopting digital transformation strategies, the demand for cellular IoT software continues to grow.
By Technology
The 4G segment held the largest revenue share in the Cellular IoT Market in 2023 due to its widespread adoption and extensive network coverage. Many industries continue to rely on 4G LTE for IoT connectivity due to its high reliability, cost-effectiveness, and compatibility with existing infrastructure. Telecom operators such as AT&T, Verizon, and Huawei have been expanding their 4G LTE networks to support IoT applications in smart metering, fleet management, and industrial automation.
Additionally, Semtech’s LoRa technology, integrated with 4G LTE, enhances IoT applications in remote asset tracking and environmental monitoring. The agriculture, healthcare, and logistics sectors continue to rely on 4G-enabled IoT solutions due to their affordability and stability, ensuring consistent growth for the segment.
The 5G segment is experiencing the fastest growth in the Cellular IoT Market, driven by the increasing demand for ultra-low latency, high-speed, and massive machine-type communications. The rollout of 5G networks enables real-time data processing and seamless connectivity for applications such as autonomous vehicles, smart factories, and remote healthcare.
Additionally, Huawei’s 5G IoT solutions are enhancing edge computing and AI-driven analytics, allowing enterprises to optimize network performance. The adoption of private 5G networks by industries such as manufacturing and logistics is further driving cellular IoT adoption.
By End-Use
The Energy sector emerged as the largest revenue contributor in the Cellular IoT Market in 2023, driven by the increasing adoption of smart grids, remote monitoring, and predictive maintenance in power generation and distribution. IoT-enabled smart meters, asset tracking, and grid management systems are transforming the energy sector by enabling real-time monitoring and data-driven decision-making.
Additionally, Tata Communications’ IoT-based energy management platform allows enterprises to monitor and optimize energy usage across multiple locations. The growing integration of AI, edge computing, and predictive analytics in energy management is further driving demand for cellular IoT solutions. With governments promoting renewable energy and smart grid initiatives.
The automotive and transportation sector is witnessing the fastest growth in the Cellular IoT Market, fueled by the rising adoption of connected vehicles, fleet management systems, and autonomous driving technologies. The demand for real-time navigation, vehicle-to-everything (V2X) communication, and telematics solutions is driving the integration of cellular IoT in transportation. The adoption of 5G networks in automotive IoT is enhancing vehicle connectivity and data processing capabilities, supporting the evolution of self-driving cars and AI-powered logistics. As governments worldwide push for smart transportation and intelligent mobility solutions, the Cellular IoT Market in the automotive and transportation sector is set to witness unprecedented growth, revolutionizing how vehicles and infrastructure communicate.
For example, Qualcomm’s C-V2X technology enhances vehicle communication and road safety, while AT&T’s IoT fleet management solutions enable real-time tracking and predictive maintenance for logistics companies.
The North American region led the Cellular IoT Market in 2023, accounting for an estimated market share of over 36%. The dominance of this region is attributed to the strong presence of key IoT solution providers, well-established telecom infrastructure, and rapid adoption of 5G and LPWAN technologies. The U.S. and Canada are at the forefront of IoT innovation, with companies like Qualcomm, Verizon, AT&T, and Sierra Wireless investing in IoT-enabled smart solutions for various industries.
Additionally, Microsoft’s Azure IoT platform has been widely adopted by enterprises for real-time monitoring and cloud-based IoT management. Government initiatives, such as the U.S. Smart Cities Program and energy grid modernization projects, are also fueling the demand for Cellular IoT solutions. With the rapid deployment of private 5G networks and increasing investments in autonomous vehicles and smart infrastructure, North America continues to be the leading market for Cellular IoT adoption.
The Asia Pacific region is the fastest-growing market for Cellular IoT, with an estimated CAGR of 26.5% during the forecast period. This growth is fueled by rapid urbanization, industrial digitalization, and increasing government investments in IoT infrastructure. Countries like China, India, Japan, and South Korea are leading the way in 5G adoption, smart city projects, and industrial IoT deployments. China’s government-backed NB-IoT expansion has enabled widespread IoT connectivity in smart agriculture, utilities, and logistics.
Huawei and China Mobile have launched large-scale IoT solutions, integrating AI and edge computing for enhanced real-time data processing. Similarly, India’s Digital India initiative is driving demand for IoT in smart transportation, energy management, and healthcare monitoring.
South Korea and Japan are leveraging 5G IoT networks for autonomous vehicles and AI-driven smart factories. Additionally, Semtech and Quectel Wireless have introduced IoT modules and connectivity platforms to accelerate IoT adoption in Asia’s industrial and consumer sectors. The region’s increasing smartphone penetration, affordable IoT hardware, and government-led smart infrastructure projects are set to propel Cellular IoT growth at an unprecedented rate.
Qualcomm Incorporated (Qualcomm MDM9205, Qualcomm 9206 LTE Modem)
Sierra Wireless (AirPrime HL Series, Octave IoT Platform)
Nordic Semiconductor ASA (nRF9160 SiP, nRF Cloud Location Services)
Cisco Systems, Inc. (Cisco IoT Control Center, Cisco Industrial Routers)
Semtech (LoRa Edge Tracker Reference Design, LoRa Connect Transceivers)
Verizon Communications Inc. (Verizon ThingSpace IoT Platform, Verizon IoT SIM Cards)
Microsoft Corporation (Azure IoT Central, Azure Sphere)
Telefonaktiebolaget LM Ericsson (Ericsson IoT Accelerator, Ericsson Massive IoT)
Huawei Technologies Co. Ltd. (Huawei OceanConnect IoT Platform, Huawei eLTE-IoT)
AT&T Inc. (AT&T LTE-M IoT Connectivity, AT&T Control Center)
Tata Communications (MOVE IoT Connectivity, Tata Communications IoT Platform)
Fibocom Wireless Inc. (Fibocom LTE Cat M/NB-IoT Modules, Fibocom 5G IoT Modules)
Quectel Wireless Solutions Co., Ltd (Quectel BG96 IoT Module, Quectel EC200A IoT Module)
In December 2024, Apple announced plans to introduce its series of cellular modem chips starting in 2025, aiming to phase out reliance on Qualcomm's technology by 2027. This strategic move could significantly impact Qualcomm's revenue from its modem business.
In October 2024, Sierra Wireless expanded its IoT solutions portfolio by launching the HL7845 module, designed to provide global connectivity for LPWA applications. This module supports LTE-M and NB-IoT networks, catering to the growing demand for low-power, wide-area connectivity in various IoT applications.
In December 2024, Nordic Semiconductor announced it would showcase its new cellular IoT prototyping platform, the 'Nordic Thingy:91 X,' at CES 2025. This battery-operated platform leverages the nRF9151 System-in-Package (SiP) and supports LTE-M, NB-IoT, DECT NR+, GNSS, and Wi-Fi SSID-based locationing, simplifying IoT prototyping for developers.
In October 2024, Cisco Systems collaborated with T-Mobile to prepare for the release of devices using RedCap, a 5G specification designed for IoT devices such as wearables and sensors. RedCap offers a low-bandwidth version of 5G, providing simpler and more power-efficient connectivity, which could benefit cellular-connected smartwatches and other portable devices.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5.78 Billion |
| Market Size by 2032 | US$ 43.90 Billion |
| CAGR | CAGR of 25.4 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software) • By Technology (2G, 3G, 4G, 5G) • By End-Use (Agriculture, Automotive & Transportation, Consumer Electronics, Energy, Environment Monitoring, Healthcare, Retail, Smart Cities, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Qualcomm Incorporated, Sierra Wireless, Nordic Semiconductor ASA, Cisco Systems, Inc., Semtech, Verizon Communications Inc., Microsoft Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., AT&T Inc., Tata Communications, Fibocom Wireless Inc., Quectel Wireless Solutions Co., Ltd. |
Ans: The Cellular IoT Market is expected to grow at a CAGR of 25.4% during 2024-2032.
Ans: The Cellular IoT Market size was USD 5.78 billion in 2023 and is expected to reach USD 43.90 billion by 2032.
Ans: The major growth factor of the Cellular IoT Market is the increasing adoption of 5G, LPWAN (NB-IoT, LTE-M), and edge computing for real-time data exchange across industries.
Ans: The Energy segment dominated the Cellular IoT Market.
Ans: North America dominated the Cellular IoT Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Investment Trends (2023)
5.2 Latency and Performance Metrics (2023)
5.3 IoT Subscription Base (2023)
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Cellular IoT Market Segmentation By Component
7.1 Chapter Overview
7.2 Hardware
7.2.1 Hardware Market Trends Analysis (2020-2032)
7.2.2 Hardware Market Size Estimates and Forecast to 2032 (USD Billion)
7.3 Software
7.3.1 Software Market Trends Analysis (2020-2032)
7.3.2 Software Market Size Estimates and Forecast to 2032 (USD Billion)
8. Cellular IoT Market Segmentation By End-Use
8.1 Chapter Overview
8.2 Agriculture
8.2.1 Agriculture Market Trends Analysis (2020-2032)
8.2.2 Agriculture Market Size Estimates and Forecast to 2032 (USD Billion)
8.3 Automotive & Transportation
8.3.1 Automotive & Transportation Market Trends Analysis (2020-2032)
8.3.2 Automotive & Transportation Market Size Estimates and Forecast to 2032 (USD Billion)
8.4 Healthcare
8.4.1 Healthcare Market Trends Analysis (2020-2032)
8.4.2 Healthcare Market Size Estimates and Forecast to 2032 (USD Billion)
8.5 Consumer Electronics
8.5.1 Consumer Electronics Market Trends Analysis (2020-2032)
8.5.2 Consumer Electronics Market Size Estimates and Forecast to 2032 (USD Billion)
8.6 Energy
8.6.1 Energy Market Trends Analysis (2020-2032)
8.6.2 Energy Market Size Estimates and Forecast to 2032 (USD Billion)
8.7 Environment Monitoring
8.7.1 Environment Monitoring Market Trends Analysis (2020-2032)
8.7.2 Environment Monitoring Market Size Estimates and Forecast to 2032 (USD Billion)
8.8 Retail
8.8.1 Retail Market Trends Analysis (2020-2032)
8.8.2 Retail Market Size Estimates and Forecast to 2032 (USD Billion)
8.9 Smart Cities
8.9.1 Smart Cities Market Trends Analysis (2020-2032)
8.9.2 Smart Cities Market Size Estimates and Forecast to 2032 (USD Billion)
8.10 Others
8.10.1 Others Market Trends Analysis (2020-2032)
8.10.2 Others Market Size Estimates and Forecast to 2032 (USD Billion)
9. Cellular IoT Market Segmentation By Technology
9.1 Chapter Overview
9.2 2G
9.2.1 2G Market Trends Analysis (2020-2032)
9.2.2 2G Market Size Estimates and Forecast to 2032 (USD Billion)
9.3 3G
9.3.1 3G Market Trends Analysis (2020-2032)
9.3.2 3G Market Size Estimates and Forecast to 2032 (USD Billion)
9.4 4G
9.4.1 4G Market Trends Analysis (2020-2032)
9.4.2 4G Market Size Estimates and Forecast to 2032 (USD Billion)
9.5 5G
9.5.1 5G Market Trends Analysis (2020-2032)
9.5.2 5G Market Size Estimates and Forecast to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.2.3 North America Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.2.4 North America Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.2.5 North America Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.2.6.2 USA Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.2.6.3 USA Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.2.7.2 Canada Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.2.7.3 Canada Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.2.8.2 Mexico Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.2.8.3 Mexico Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trend Analysis
10.3.1.2 Eastern Europe Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.6.2 Poland Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.6.3 Poland Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.7.2 Romania Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.7.3 Romania Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.4 Western Europe Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.5 Western Europe Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.6.2 Germany Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.6.3 Germany Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.7.2 France Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.7.3 France Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.8.2 UK Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.8.3 UK Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.9.2 Italy Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.9.3 Italy Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.10.2 Spain Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.10.3 Spain Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.13.2 Austria Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.13.3 Austria Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.4 Asia Pacific Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.5 Asia Pacific Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.6.2 China Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.6.3 China Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.7.2 India Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.7.3 India Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.8.2 Japan Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.8.3 Japan Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.9.2 South Korea Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.9.3 South Korea Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.10.2 Vietnam Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.10.3 Vietnam Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.11.2 Singapore Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.11.3 Singapore Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.12.2 Australia Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.12.3 Australia Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.4 Middle East Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.5 Middle East Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.6.2 UAE Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.6.3 UAE Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.2.4 Africa Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.2.5 Africa Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Cellular IoT Market Estimates and Forecast by Country (2020-2032) (USD Billion)
10.6.3 Latin America Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.6.4 Latin America Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.6.5 Latin America Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.6.6.2 Brazil Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.6.6.3 Brazil Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.6.7.2 Argentina Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.6.7.3 Argentina Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.6.8.2 Colombia Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.6.8.3 Colombia Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Cellular IoT Market Estimates and Forecast By Component (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Cellular IoT Market Estimates and Forecast By End-Use (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Cellular IoT Market Estimates and Forecast By Technology (2020-2032) (USD Billion)
11. Company Profiles
11.1 Qualcomm Incorporated
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Sierra Wireless
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Nordic Semiconductor ASA
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Cisco Systems, Inc.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Semtech
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Verizon Communications Inc.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Microsoft Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Telefonaktiebolaget LM Ericsson
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Huawei Technologies Co. Ltd.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 AT&T Inc.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Component
Hardware
Software
By Technology
2G
3G
4G
5G
By End-Use
Agriculture
Automotive & Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The Predictive Dialer Software Market Size was USD 2.6 Billion in 2023, will reach to USD 45.1 Billion by 2032 and grow at a CAGR of 37.2% by 2024-2032.
Data Center Blade Server Market was valued at USD 17.12 billion in 2023 and will reach USD 37.35 billion by 2032, growing at a CAGR of 9.12% by 2032
The Reinsurance Market Size was valued at USD 582.77 Billion in 2023 and is expected to reach USD 1488.06 Billion by 2032 and grow at a CAGR of 11.0% over the forecast period 2024-2032.
AI Voice Generators Market was valued at USD 3.20 billion in 2023 and is expected to reach USD 40.25 billion by 2032, growing at a CAGR of 32.51% by 2032.
Serverless Architecture Market was valued at USD 10.21 billion in 2023 and is expected to reach USD 78.12 billion by 2032, growing at a CAGR of 25.42% by 2032.
Knowledge Process Outsourcing Market valued at USD 57.2 billion in 2023, is expected to grow to USD 238.7 billion by 2032, at a CAGR of 17.22% over 2024-2032.
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