The global Cellular IoT Market size is projected to reach a CAGR of 25.9% from 2022-2028.
Cellular IoT offers advanced connectivity technologies that connect billions of IoT devices to the Internet across the globe. These advanced technologies include 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. Cellular IoT offers global coverage, reliable connection of IoT devices, and low-cost hardware that is required for cellular IoT connections.
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, are some of the factors that have supported long-term expansion for Cellular IoT Market.
The outbreak of the COVID-19 pandemic has significantly impacted the cellular IoT market. Various regions are still affected, and governments have been responding to this pandemic in their ways.
APAC region is expected to grow at the highest CAGR from 2022 to 2028. China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 25.9% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD million and CAGR from 2022 to 2028 |
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Report Segmentation |
component, technology, application, vertical and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications PLC, Ericsson AB and ARM Limited |
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Available Customization |
In addition to the market data for Cellular IoT Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Cellular IoT Market is segmented into component, technology, application, vertical and region.
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