Global Cellular IOT Devices market (2024 Edition): Analysis by Value and Volume, Network Type (2G & 3G, NB-IOT & LTE-M, 4G & 5G), By Device Type, By End-User, By Region, By Country: Market Insights and Forecast (2019-2029)
Azoth Analytics has released a research report titled "Global Cellular IOT Devices Market (2024 Edition)" which provides a complete analysis of the Global Cellular IOT Devices industry in terms of market segmentation By Network Type (2G & 3G, NB-IOT & LTE-M, and 4G & 5G), By Device Type (Wearable Devices, Smart Appliances, Smart Parking Devices, Smart Meters, and Others) By End-Users (Commercial, Government & Municipality, and Consumers) for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The research report covers a detailed analysis of the Region (Americas, Europe, Asia Pacific, and Middle East and Africa) and Countries (United States, Brazil, Canada, UK, Germany, France, Spain, India, China, Japan). Additionally, the research report presents data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, and demand forecast. The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
The Global Cellular IOT Devices Market showcased growth at a CAGR of 6.2% during 2019-2022. The market was valued at USD 18.73 Billion in 2022 which is expected to reach USD 44.2 Billion in 2029. With the ongoing evolution of cellular technologies, especially the emergence of 5G, the Cellular IoT Devices Market is poised for further growth. The advantages of enhanced data speeds, lower latency, and increased device density offered by 5G contribute to the market's potential for driving innovation across diverse industries. As industries continue to embrace IoT solutions, the Cellular IoT Devices Market plays a pivotal role in facilitating connectivity and contributing to the transformative impact of the Internet of Things.
The market operates within a collaborative ecosystem involving device manufacturers, network operators, chipset providers, and IoT platform developers. This collaboration aims to ensure interoperability, standardization, and the successful deployment of Cellular IoT solutions.
The low-power design of Cellular IoT Devices is another significant benefit, ensuring extended battery life and reducing the need for frequent maintenance in challenging or inaccessible locations. This characteristic makes them well-suited for applications like environmental monitoring, asset tracking, and agriculture, where devices may be deployed over large areas or in areas lacking traditional power sources.
The capability for remote monitoring and control is a transformative aspect of Cellular IoT Devices. Industries can remotely manage and gather real-time data from devices, enhancing operational efficiency and facilitating timely decision-making. In sectors like industrial IoT and smart cities, this feature contributes to streamlined processes, predictive maintenance, and improved resource utilization.
Moreover, the scalability of Cellular IoT solutions enables businesses to deploy many devices across diverse use cases. Whether in smart agriculture, logistics, or consumer applications, Cellular IoT Devices provide a scalable and reliable connectivity foundation. As the evolution of cellular technologies, including the advent of 5G, continues to unfold, the benefits of Cellular IoT Devices are poised to expand, opening new possibilities for innovation and efficiency across industries.
Scope of the Report
The report analyses the Global Cellular IOT Devices Market by Value (USD Million) & by Volume (Million Units).
The report presents the analysis of the Global Cellular IOT Devices market for the historical period of 2019-2022, the estimated year 2023, and the forecast period of 2024-2029.
The report analyses the Global Cellular IOT Devices Market by Network Type (2G & 3G, NB-IOT & LTE-M, and 4G & 5G).
The report analyses the Global Cellular IOT Devices Market by Device Type (Wearable Devices, Smart Appliances, Smart Parking Devices, Smart Meters, and Others).
The report analyses the Global Cellular IOT Devices market by End-Users (Commercial, Government & Municipality, and Consumers).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Network Type, By Device Type & By End-Users.
Also, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analyzed in the report include Telefonaktiebolaget LM Ericsson, Nokia Corporation, Sierra Wireless, Inc., Telit Cinterion, u-blox Holding AG, Thales S.A., Effnet AB, Commsolid, Nordic Semiconductor ASA, and Qualcomm Incorporated.
Table of Contents
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
3. Global Cellular IOT Devices Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on Global Cellular IOT Devices Market
3.2 Analysis of 5G Uses Globally
3.3 Global Cellular IOT Devices Market: Dashboard
3.4 Global Cellular IOT Devices Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
3.5 Global Cellular IOT Devices Market: Market Volume Assessment
3.6 Global Cellular IOT Devices Market: Market Value Assessment
3.7 Assessment: Degree of Impact of COVID-19 on Global Cellular IOT Devices Market
3.8 Global Cellular IOT Devices Market Segmentation: By Network Type
3.8.1 Global Cellular IOT Devices Market, By Network Type Overview
3.8.2 Global Cellular IOT Devices Market Size, By 2G & 3G, By Value, 2019H-2029F (USD Million & CAGR)
3.8.3 Global Cellular IOT Devices Market Size, By NB-IOT & LTE-M, By Value, 2019H-2029F (USD Million & CAGR)
3.8.4 Global Cellular IOT Devices Market Size, By 4G & 5G, By Value, 2019H-2029F (USD Million & CAGR)
3.9 Global Cellular IOT Devices Market Segmentation: By Device Type
3.9.1 Global Cellular IOT Devices Market, By Device Type Overview
3.9.2 Global Cellular IOT Devices Market Size, By Wearable Devices, By Value, 2019H-2029F (USD Million & CAGR)
3.9.3 Global Cellular IOT Devices Market Size, By Smart Appliances, By Value, 2019H-2029F (USD Million & CAGR)
3.9.4 Global Cellular IOT Devices Market Size, By Smart Parking Devices, By Value, 2019H-2029F (USD Million & CAGR)
3.9.5 Global Cellular IOT Devices Market Size, By Smart Meters, By Value, 2019H-2029F (USD Million & CAGR)
3.9.6 Global Cellular IOT Devices Market Size, By Others, By Value, 2019H-2029F (USD Million & CAGR)
3.10 Global Cellular IOT Devices Market Segmentation: By End-Users
3.10.1 Global Cellular IOT Devices Market, By End-Users Overview
3.10.2 Global Cellular IOT Devices Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
3.10.3 Global Cellular IOT Devices Market Size, By Government & Municipality, By Value, 2019H-2029F (USD Million & CAGR)
3.10.5 Global Cellular IOT Devices Market Size, By Consumers, By Value, 2019H-2029F (USD Million & CAGR)
4. Cellular IOT Devices Market, Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Cellular IOT Devices Market: Historic and Forecast (2019-2029)