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Cellular IoT Market Size- Analysis by Devices & Modules (Cellular IoT modules and Cellular IoT-enabled devices (e.g., sensors, trackers, meters)), Connectivity Solutions, Platform and Software, Application & Use cases and Vertical Industries: Global & Regional Forecast Demand Supply Statistics and Forecast 2024-2034

  • PUBLISHED ON
  • 2024-07-10
  • NO OF PAGES
  • 310
  • CATEGORY
  • Information Communication & Technology

Cellular IoT Market Outlook

Cellular IoT market size was valued at USD 5.6 billion in 2023 and is estimated to reach a value of USD 19 billion by 2035 with a CAGR of 10.6% during the forecast period 2024-2035.


Cellular IoT market forecast is influenced by several factors, including the proliferation of connected devices, advancements in cellular technology such as 5G, increasing demand for real-time data and analytics, growing adoption of IoT solutions across various industries, emergence of smart cities and connected vehicles, expanding applications in healthcare and agriculture, regulatory initiatives promoting IoT deployments, and rising investments in infrastructure development. These factors collectively drive the growth of the cellular IoT market, fostering innovation, efficiency, and connectivity across diverse sectors while creating new opportunities for stakeholders in the global IoT ecosystem.

The cellular IoT market presents a significant opportunity driven by the increasing integration of IoT devices across industries. With the proliferation of connected devices and the evolution of cellular technology, such as the rollout of 5G networks, the market is poised for substantial growth. This creates opportunities for innovative solutions in areas like smart cities, healthcare, transportation, and manufacturing, where IoT-enabled devices enhance efficiency, productivity, and sustainability. Additionally, the expanding adoption of IoT in emerging markets and the development of new applications and services further contribute to the market's potential, offering businesses the chance to capitalize on the growing demand for connected solutions. 

Key Insights

Based on industries, cellular IoT market share is dominated by manufacturing sector with a key stake of 22.09% in 2023. In the manufacturing sector, key trends in the cellular IoT market include the integration of IoT devices for real-time monitoring and predictive maintenance, improving operational efficiency and reducing downtime. Adoption of cellular IoT enables manufacturers to enhance supply chain visibility, streamline logistics, and implement automated processes for inventory management and asset tracking. Additionally, advancements in industrial automation and robotics, coupled with the deployment of 5G networks, empower manufacturers to achieve higher levels of connectivity, agility, and responsiveness in production environments. These trends drive innovation and digital transformation in the manufacturing sector, paving the way for Industry 4.0 initiatives and smart manufacturing solutions.

On the basis of regional study, it is evident that North America holds major share within the cellular IoT industry with a share of 44.76% in 2023. In North America, key trends in the cellular IoT market include the widespread adoption of IoT solutions across various industries such as smart cities, healthcare, and transportation. The emergence of 5G technology fuels innovation, enabling faster data transmission and lower latency, supporting advanced IoT applications like autonomous vehicles and remote healthcare monitoring. Moreover, the integration of IoT with edge computing enhances real-time analytics and decision-making capabilities, driving efficiency and competitiveness across sectors. Regulatory initiatives promoting IoT deployments further contribute to the region's dynamic cellular IoT landscape.

Cellular IoT Market Data and Dashboard


Our marketing platform comes with an all-inclusive dashboard, giving clients valuable insights into market trends spanning several years. You can take a look at a sample image of our dashboard below, and we'll provide specific PDF logins to give you access to this insightful tool. 

Market Dynamics

Need for real-time data insights and automation

The need for real-time data insights and automation stands as a cornerstone driver in the cellular IoT market, revolutionizing industries across the globe. Businesses increasingly rely on instantaneous access to data for informed decision-making and optimized operations. Cellular IoT technologies facilitate this demand by enabling continuous monitoring and remote management of connected devices in real-time.

In various sectors such as manufacturing, transportation, and healthcare, the ability to gather and analyze data in real-time offers unparalleled advantages. For instance, in manufacturing, IoT-enabled sensors embedded in machinery can provide insights into equipment performance and predict maintenance needs, reducing downtime and enhancing overall efficiency. Similarly, in transportation, real-time tracking of vehicles and shipments optimizes logistics, improves route planning, and enhances customer satisfaction.

Automation, another vital aspect propelled by cellular IoT, streamlines processes, reduces manual intervention, and enhances productivity. Automated systems powered by IoT devices can execute tasks swiftly and accurately, leading to cost savings and operational excellence. For instance, in smart cities, automated traffic management systems utilize IoT sensors to optimize traffic flow and minimize congestion.

Overall, the convergence of real-time data insights and automation through cellular IoT empowers businesses to respond swiftly to changing conditions, anticipate trends, and unlock new opportunities for growth and innovation in a hyper-connected world.

Expansion of IoT ecosystem and partnerships between industry stakeholders

The expansion of the IoT ecosystem and partnerships between industry stakeholders play a pivotal role in driving the growth of the cellular IoT market. As the IoT landscape evolves, collaboration among stakeholders becomes increasingly crucial to address complex challenges and capitalize on emerging opportunities.

Partnerships between telecommunications companies, device manufacturers, software developers, and solution providers are essential for creating comprehensive IoT solutions that leverage cellular connectivity effectively. By combining expertise and resources, these partnerships accelerate innovation, foster interoperability, and drive standardization, ensuring seamless integration of IoT devices and systems.

Moreover, alliances between industry players facilitate the development of end-to-end solutions tailored to specific verticals and use cases. For instance, collaborations between IoT platform providers and industry experts enable the design and deployment of customized solutions for sectors like agriculture, healthcare, and smart cities.

Furthermore, partnerships promote ecosystem expansion by enabling access to new markets and customer segments. By leveraging existing networks and distribution channels, stakeholders can rapidly scale their offerings and extend their reach globally. 

Overall, the expansion of the IoT ecosystem and strategic partnerships enhance the value proposition of cellular IoT solutions, driving adoption and accelerating market growth. As industries embrace digital transformation and seek to unlock the full potential of IoT technologies, collaborative efforts will continue to shape the future of the cellular IoT market, fostering innovation and driving sustainable business outcomes.

Factors

Value

Category

ICT

Pages

400

Table Count

200

Chart Count

190

Companies Count

30

Countries Count

50

Report Type

Published

Report Region

Global

Largest Market

North America

Fastest Growing Market

APAC

Base Year

2023

Market Size in Base Year

5.6 Billion

CAGR (2024-2035)

10.60%

Forecast Year

2024-2035

Historical Year

2019-2022

Market Size in 2035

19 billion

Countries Covered

U.S., Canada, Mexico, Germany, UK, France, Italy,

Spain, Turkey, Israel, China, Japan, India,

South Korea, Australia, SEA, Brazil, Chile, Argentina,

Saudi Arabia, UAE, Qatar, South Africa,

Rest of World

Region Covered

North America, Europe, APAC, South America, Middle East and Africa

Key Drivers

Need for real-time data insights and automation

Expansion of IoT ecosystem and partnerships

between industry stakeholders

Segments Covered

Devices & Modules, Connectivity Solution, Platform

and Software, Application and Verticals

 

Market Analysis by Industries

Based on industries, cellular IoT market is segmented into Automotive, Transportation and logistics, Manufacturing, Agriculture, Healthcare, Energy and utilities, Retail, Smart cities.

Manufacturing sector dominated the industry with a value of USD 1.24 billion in 2023 and is estimated to grow at a CAGR of 9.7% during the forecast period.

In the manufacturing sector, several key trends are driving the adoption of cellular IoT solutions, revolutionizing operations and enhancing efficiency. Firstly, there is a growing emphasis on real-time monitoring and predictive maintenance enabled by cellular IoT devices. Manufacturers are leveraging sensors embedded in machinery and equipment to collect data on performance metrics, such as temperature, vibration, and energy consumption. This data is then analyzed in real-time to detect anomalies and predict potential failures, allowing for proactive maintenance interventions and minimizing unplanned downtime.


Secondly, the integration of cellular IoT with advanced analytics and machine learning technologies is enabling manufacturers to optimize production processes and improve product quality. By harnessing data insights from IoT-enabled devices, manufacturers can identify optimization opportunities, enhance production workflows, and refine product designs.

Thirdly, cellular IoT solutions are facilitating the implementation of smart supply chain management practices in the manufacturing sector. From inventory tracking and logistics optimization to demand forecasting and supplier management, cellular IoT-enabled devices provide visibility and transparency across the entire supply chain, enabling manufacturers to streamline operations and reduce costs.

Lastly, the adoption of 5G cellular technology is poised to revolutionize the manufacturing sector by enabling ultra-low latency communication and supporting massive machine-type communications. With 5G, manufacturers can deploy high-density networks of IoT devices, enabling real-time control of production processes and facilitating the implementation of autonomous manufacturing systems. Overall, these trends underscore the transformative impact of cellular IoT on the manufacturing sector, driving innovation, efficiency, and competitiveness.

Segments

Values

By Devices and Modules

·         Cellular IoT modules

·         Cellular IoT-enabled devices (e.g., sensors, trackers, meters)

By Connectivity Solutions

·         Cellular IoT connectivity services (e.g., SIM cards, data plans)

·         Managed connectivity solutions

By Platform and Software

·         IoT platforms for managing cellular IoT devices and data

·         Application enablement platforms (AEPs)

·         Device management software

By Application

·         Smart cities and infrastructure

·         Industrial IoT (IIoT) and automation

·         Agriculture and environmental monitoring

·         Healthcare and medical devices

·         Asset tracking and logistics

·         Smart homes and consumer electronics

 

Market Analysis by Region

Cellular IoT market analysis includes the statistics of major geographies such as North America, Europe, Asia Pacific, South America and MEA.

In terms of Cellular IoT market statistics, North America acquired a market value of USD 2.50 billion in 2023 and is estimated to reach a value of USD 8.59 billion by 2035 with a CAGR of 10.7% during the forecast period.


In North America, the cellular IoT market is experiencing several key trends that are reshaping industries and driving innovation. Firstly, the deployment of 5G networks is revolutionizing connectivity by providing faster speeds, lower latency, and greater capacity, unlocking new possibilities for cellular IoT applications. This enables real-time data transmission and supports bandwidth-intensive IoT use cases such as autonomous vehicles, smart cities, and industrial automation.

Secondly, there is a growing focus on edge computing in conjunction with cellular IoT, enabling data processing and analytics to occur closer to the source of data generation. This reduces latency, enhances privacy and security, and enables faster decision-making, particularly in mission-critical applications like healthcare and transportation.

Thirdly, industries in North America are increasingly leveraging cellular IoT for remote monitoring and predictive maintenance of assets and infrastructure. From manufacturing plants to oil rigs, IoT sensors connected via cellular networks provide real-time insights into equipment health and performance, enabling proactive maintenance to minimize downtime and optimize operations.

Additionally, there is a rising demand for IoT solutions in smart cities and environmental monitoring initiatives to address challenges such as air quality, traffic congestion, and energy management. Cellular IoT enables the deployment of sensors and actuators across urban areas, facilitating data-driven decision-making and enhancing quality of life.

Overall, these trends underscore the transformative impact of cellular IoT in North America, driving digital transformation, economic growth, and sustainable development across various sectors.


In the Asia-Pacific (APAC) region, the cellular IoT market is experiencing significant growth driven by several key trends. Firstly, there is a rapid adoption of IoT solutions across industries such as manufacturing, agriculture, and transportation, fueled by the region's large population, expanding middle class, and burgeoning urbanization.

Secondly, the proliferation of low-cost IoT devices and connectivity solutions is democratizing access to IoT technology, particularly in emerging markets like India, China, and Southeast Asia. This is enabling small and medium-sized enterprises (SMEs) to leverage cellular IoT for business optimization and innovation.

Thirdly, there is a strong emphasis on smart city initiatives and urban infrastructure development in APAC countries, driving the deployment of IoT-enabled systems for public services, traffic management, and environmental monitoring.

Additionally, the ongoing rollout of 5G networks across the region is poised to accelerate the adoption of cellular IoT, enabling faster data transmission, lower latency, and support for a wide range of IoT applications, from connected vehicles to industrial automation.

Overall, these trends highlight the immense potential of cellular IoT in APAC, driving economic growth, digital transformation, and societal progress across the region.

Competitive Landscape

Key companies operating within the Cellular IoT market are: Quectel, Thales Group, Fibocom Wireless, Telit Communication, U Blox Holdings, Sierra Wireless, Qualcomm, Mediatek, Unisoc Technologies, Altair Semiconductor, Intel, Nordic Semiconductors, Murata Manufacturing, Analog Devices, Qorvo, AT &T

Recent Development:

Sierra Wireless introduced the HL7845 Module in April 2021, featuring support for the 450 MHz wireless spectrum. This module is specifically tailored to address the IoT connectivity requirements of utilities operating in Europe.

During the Mobile World Congress Shanghai (MWC-S21) in March 2021, Fibocom unveiled its latest generation of 5G NR modules compliant with the 3GPP R16 standard. This launch includes the FM150 and FG160 series for the sub-6 GHz frequency range, as well as the FM160W and FG160W series for the mmWave range.

Quectel launched its second-generation RG520-F and RG520-N 5G IoT modules in February 2021, aligning with the 3GPP Release 16 standards. These modules support various bands including sub-6GHz, Time Division Duplex (TDD), Frequency Division Duplex (FDD), and Carrier Aggregation (CA).

Also in February 2021, Fibocom collaborated with Deutsche Telekom and Redtea to introduce high-quality nuSIM IoT modules, aimed at providing commercial-ready solutions in the IoT space.

1.      Global Cellular IoT Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Cellular IoT Market Scope and Market Estimation

1.2.1. Global Cellular IoT Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2024 - 2035)

1.2.2. Global Cellular IoT Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035

1.3.    Market Segmentation

1.3.1. By Devices and Modules

1.3.2. By Connectivity Solutions

1.3.3. By Platform and Software

1.3.4. By Application & Use Case

1.3.5. By Industries

2.      Executive Summary

2.1.    Market Dynamics

2.1.1. Drivers

2.1.2. Limitations

2.1.3. Opportunities

2.1.4. Impact Analysis of Drivers and Restraints

2.2.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.3.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.4.    Porter’s Five Forces Analysis

2.4.1. Bargaining Power of Suppliers

2.4.2. Bargaining Power of Buyers

2.4.3. Threat of Substitutes

2.4.4. Threat of New Entrants

2.4.5. Competitive Rivalry

2.5.    Value Chain / Ecosystem Analysis

2.6.    Patent Analysis

2.7.    Case Study Analysis

2.8.    Economic Downturn Analysis

2.9.    Production Analysis and Capacity

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Cellular IoT Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Devices and Modules

4.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Devices and Modules, 2019 to 2035

4.1.1. Cellular IoT modules

4.1.2. Cellular IoT-enabled devices (e.g., sensors, trackers, meters)

5.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Connectivity Solutions

5.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Connectivity Solutions, 2019 to 2035

5.1.1. Cellular IoT connectivity services (e.g., SIM cards, data plans)

5.1.2. Managed connectivity solutions

6.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Platform and Software

6.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Platform and Software, 2019 to 2035

6.1.1. IoT platforms for managing cellular IoT devices and data

6.1.2. Application enablement platforms (AEPs)

6.1.3. Device management software

7.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Application & Use Cases

7.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Application & Use Cases, 2019 to 2035

7.1.1. Smart cities and infrastructure

7.1.2. Industrial IoT (IIoT) and automation

7.1.3. Agriculture and environmental monitoring

7.1.4. Healthcare and medical devices

7.1.5. Asset tracking and logistics

7.1.6. Smart homes and consumer electronics

8.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Vertical Industries

8.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Vertical Industries, 2019 to 2035

8.1.1. Automotive

8.1.2. Transportation and logistics

8.1.3. Manufacturing

8.1.4. Agriculture

8.1.5. Healthcare

8.1.6. Energy and utilities

8.1.7. Retail

8.1.8. Smart cities

9.      Global Cellular IoT Market Estimates & Forecast Trend Analysis, by Region

9.1.    Global Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2035

9.1.1. North America

9.1.2. Europe

9.1.3. Asia Pacific

9.1.4. Middle East & Africa

9.1.5. South America

10.  North America Cellular IoT Market: Estimates & Forecast Trend Analysis

10.1.      North America Cellular IoT Market Assessments & Key Findings

10.1.1.   North America Cellular IoT Market Introduction

10.1.2.   North America Cellular IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

10.1.2.1.    By Devices and Modules

10.1.2.2.    By Connectivity Solutions

10.1.2.3.    By Platform and Software

10.1.2.4.    By Application & Use Case

10.1.2.5.    By Industries

10.1.2.6.    By Country

10.1.2.6.1. The U.S.

10.1.2.6.1.1.   By Devices and Modules

10.1.2.6.1.2.   By Connectivity Solutions

10.1.2.6.1.3.   By Platform and Software

10.1.2.6.1.4.   By Application & Use Case

10.1.2.6.1.5.   By Industries

10.1.2.6.2. Canada

10.1.2.6.2.1.   By Devices and Modules

10.1.2.6.2.2.   By Connectivity Solutions

10.1.2.6.2.3.   By Platform and Software

10.1.2.6.2.4.   By Application & Use Case

10.1.2.6.2.5.   By Industries

10.1.2.6.3. Mexico

10.1.2.6.3.1.   By Devices and Modules

10.1.2.6.3.2.   By Connectivity Solutions

10.1.2.6.3.3.   By Platform and Software

10.1.2.6.3.4.   By Application & Use Case

10.1.2.6.3.5.   By Industries

11.  Europe Cellular IoT Market: Estimates & Forecast Trend Analysis

11.1.  Europe Cellular IoT Market Assessments & Key Findings

11.1.1.   Europe Cellular IoT Market Introduction

11.1.2.   Europe Cellular IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

11.1.2.1.    By Devices and Modules

11.1.2.2.    By Connectivity Solutions

11.1.2.3.    By Platform and Software

11.1.2.4.    By Application & Use Case

11.1.2.5.    By Industries

11.1.2.6.    By Country

11.1.2.6.1. Germany

11.1.2.6.1.1.By Devices and Modules

11.1.2.6.1.2.By Connectivity Solutions

11.1.2.6.1.3.By Platform and Software

11.1.2.6.1.4.By Application & Use Case

11.1.2.6.1.5.By Industries

11.1.2.6.2. U.K.

11.1.2.6.2.1.By Devices and Modules

11.1.2.6.2.2.By Connectivity Solutions

11.1.2.6.2.3.By Platform and Software

11.1.2.6.2.4.By Application & Use Case

11.1.2.6.2.5.By Industries

11.1.2.6.3. France

11.1.2.6.3.1.   By Devices and Modules

11.1.2.6.3.2.   By Connectivity Solutions

11.1.2.6.3.3.   By Platform and Software

11.1.2.6.3.4.   By Application & Use Case

11.1.2.6.3.5.   By Industries

11.1.2.6.4. Italy

11.1.2.6.4.1.   By Devices and Modules

11.1.2.6.4.2.   By Connectivity Solutions

11.1.2.6.4.3.   By Platform and Software

11.1.2.6.4.4.   By Application & Use Case

11.1.2.6.4.5.   By Industries

11.1.2.6.5. Spain

11.1.2.6.5.1.   By Devices and Modules

11.1.2.6.5.2.   By Connectivity Solutions

11.1.2.6.5.3.   By Platform and Software

11.1.2.6.5.4.   By Application & Use Case

11.1.2.6.5.5.   By Industries

11.1.2.6.6. Russia

11.1.2.6.6.1.   By Devices and Modules

11.1.2.6.6.2.   By Connectivity Solutions

11.1.2.6.6.3.   By Platform and Software

11.1.2.6.6.4.   By Application & Use Case

11.1.2.6.6.5.   By Industries

11.1.2.6.7. Rest of Europe

11.1.2.6.7.1.   By Devices and Modules

11.1.2.6.7.2.   By Connectivity Solutions

11.1.2.6.7.3.   By Platform and Software

11.1.2.6.7.4.   By Application & Use Case

11.1.2.6.7.5.   By Industries

12.  Asia Pacific Cellular IoT Market: Estimates & Forecast Trend Analysis

12.1.  Asia Pacific Market Assessments & Key Findings

12.1.1.   Asia Pacific Cellular IoT Market Introduction

12.1.2.   Asia Pacific Cellular IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

12.1.2.1.    By Devices and Modules

12.1.2.2.    By Connectivity Solutions

12.1.2.3.    By Platform and Software

12.1.2.4.    By Application & Use Case

12.1.2.5.    By Industries

12.1.2.6.    By Country

12.1.2.6.1. China

12.1.2.6.1.1.   By Devices and Modules

12.1.2.6.1.2.   By Connectivity Solutions

12.1.2.6.1.3.   By Platform and Software

12.1.2.6.1.4.   By Application & Use Case

12.1.2.6.1.5.   By Industries

12.1.2.6.2. Japan

12.1.2.6.2.1.   By Devices and Modules

12.1.2.6.2.2.   By Connectivity Solutions

12.1.2.6.2.3.   By Platform and Software

12.1.2.6.2.4.   By Application & Use Case

12.1.2.6.2.5.   By Industries

12.1.2.6.3. India

12.1.2.6.3.1.   By Devices and Modules

12.1.2.6.3.2.   By Connectivity Solutions

12.1.2.6.3.3.   By Platform and Software

12.1.2.6.3.4.   By Application & Use Case

12.1.2.6.3.5.   By Industries

12.1.2.6.4. Australia

12.1.2.6.4.1.   By Devices and Modules

12.1.2.6.4.2.   By Connectivity Solutions

12.1.2.6.4.3.   By Platform and Software

12.1.2.6.4.4.   By Application & Use Case

12.1.2.6.4.5.   By Industries

12.1.2.6.5. South Korea

12.1.2.6.5.1.   By Devices and Modules

12.1.2.6.5.2.   By Connectivity Solutions

12.1.2.6.5.3.   By Platform and Software

12.1.2.6.5.4.   By Application & Use Case

12.1.2.6.5.5.   By Industries

12.1.2.6.5.6.    

12.1.2.6.6. ASEAN

12.1.2.6.6.1.   By Devices and Modules

12.1.2.6.6.2.   By Connectivity Solutions

12.1.2.6.6.3.   By Platform and Software

12.1.2.6.6.4.   By Application & Use Case

12.1.2.6.6.5.   By Industries

12.1.2.6.7. Rest of Asia Pacific

12.1.2.6.7.1.   By Devices and Modules

12.1.2.6.7.2.   By Connectivity Solutions

12.1.2.6.7.3.   By Platform and Software

12.1.2.6.7.4.   By Application & Use Case

12.1.2.6.7.5.   By Industries

13.  Middle East & Africa Cellular IoT Market: Estimates & Forecast Trend Analysis

13.1.  Middle East & Africa Market Assessments & Key Findings

13.1.1.   Middle East & Africa Cellular IoT Market Introduction

13.1.2.   Middle East & Africa Cellular IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

13.1.2.1.    By Devices and Modules

13.1.2.2.    By Connectivity Solutions

13.1.2.3.    By Platform and Software

13.1.2.4.    By Application & Use Case

13.1.2.5.    By Industries

13.1.2.6.    By Country

13.1.2.6.1. U.A.E.

13.1.2.6.1.1.   Patient Monitoring Systems

13.1.2.6.1.2.   By Devices and Modules

13.1.2.6.1.3.   By Connectivity Solutions

13.1.2.6.1.4.   By Platform and Software

13.1.2.6.1.5.   By Application & Use Case

13.1.2.6.1.6.   By Industries

13.1.2.6.2. Saudi Arabia

13.1.2.6.2.1.   By Devices and Modules

13.1.2.6.2.2.   By Connectivity Solutions

13.1.2.6.2.3.   By Platform and Software

13.1.2.6.2.4.   By Application & Use Case

13.1.2.6.2.5.   By Industries

13.1.2.6.3. Egypt

13.1.2.6.3.1.   By Devices and Modules

13.1.2.6.3.2.   By Connectivity Solutions

13.1.2.6.3.3.   By Platform and Software

13.1.2.6.3.4.   By Application & Use Case

13.1.2.6.3.5.   By Industries

13.1.2.6.4. South Africa

13.1.2.6.4.1.   By Devices and Modules

13.1.2.6.4.2.   By Connectivity Solutions

13.1.2.6.4.3.   By Platform and Software

13.1.2.6.4.4.   By Application & Use Case

13.1.2.6.4.5.   By Industries

13.1.2.6.5. Rest of Middle East & Africa

13.1.2.6.5.1.   By Devices and Modules

13.1.2.6.5.2.   By Connectivity Solutions

13.1.2.6.5.3.   By Platform and Software

13.1.2.6.5.4.   By Application & Use Case

13.1.2.6.5.5.   By Industries

14.  South America Cellular IoT Market: Estimates & Forecast Trend Analysis

14.1.  South America Market Assessments & Key Findings

14.1.1.   South America Cellular IoT Market Introduction

14.1.2.   South America Cellular IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

14.1.2.1.    By Devices and Modules

14.1.2.2.    By Connectivity Solutions

14.1.2.3.    By Platform and Software

14.1.2.4.    By Application & Use Case

14.1.2.5.    By Industries

14.1.2.6.    By Country

14.1.2.6.1. Brazil

14.1.2.6.1.1.   By Devices and Modules

14.1.2.6.1.2.   By Connectivity Solutions

14.1.2.6.1.3.   By Platform and Software

14.1.2.6.1.4.   By Application & Use Case

14.1.2.6.1.5.   By Industries

14.1.2.6.2. Argentina

14.1.2.6.2.1.   By Devices and Modules

14.1.2.6.2.2.   By Connectivity Solutions

14.1.2.6.2.3.   By Platform and Software

14.1.2.6.2.4.   By Application & Use Case

14.1.2.6.2.5.   By Industries

14.1.2.6.3. Colombia

14.1.2.6.3.1.   By Devices and Modules

14.1.2.6.3.2.   By Connectivity Solutions

14.1.2.6.3.3.   By Platform and Software

14.1.2.6.3.4.   By Application & Use Case

14.1.2.6.3.5.   By Industries

14.1.2.6.4. Rest of South America

14.1.2.6.4.1.   By Devices and Modules

14.1.2.6.4.2.   By Connectivity Solutions

14.1.2.6.4.3.   By Platform and Software

14.1.2.6.4.4.   By Application & Use Case

14.1.2.6.4.5.   By Industries

15.  Competition Landscape

15.1.  Global Cellular IoT Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

15.2.  Global Cellular IoT Market Competition White Space Analysis, By Application

15.3.  Global Cellular IoT Market Competition Heat Map Analysis, By End Use

15.4.  Global Cellular IoT Market Concentration & Company Market Shares (%) Analysis, 2023

16.  Company Profiles

16.1.   Quectel

16.1.1.   Company Overview & Key Stats

16.1.2.   Financial Performance & KPIs

16.1.3.   Sales Channel Portfolio

16.1.4.   Business Strategy & Recent Developments

16.1.5.   Technology and Pricing

16.1.6.   Key Suppliers

* Similar details would be provided for all the players mentioned below 

16.2.      Thales Group

16.3.      Fibocom Wireless

16.4.      Telit Communication

16.5.      U Blox Holdings

16.6.      Sierra Wireless

16.7.      Qualcomm

16.8.      Mediatek

16.9.      Unisoc Technologies

16.10.  Altair Semiconductor

16.11.  Intel

16.12.  Nordic Semiconductors

16.13.  Murata Manufacturing

16.14.  Analog Devices

16.15.  Qorvo

16.16.  AT &T

16.17.  Others

17.  Research Methodology

17.1.  External Transportations / Databases

17.2.  Internal Proprietary Database

17.3.  Primary Research

17.4.  Secondary Research

17.5.  Assumptions

17.6.  Limitations

17.7.  Report FAQs

18.  Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the size of cellular IoT market in 2023?

Cellular IoT market size was valued at USD 5.6 billion in 2023 and is estimated to reach a value of USD 19 billion by 2035 with a CAGR of 10.6% during the forecast period 2024-2035

Which region dominated the cellular IoT market in 2023?

North America dominated the cellular IoT market in 2023 with a market value of 2.50 billion.

Which companies dominate the cellular IoT market?

Key companies operating within the Cellular IoT market are: Quectel, Thales Group, Fibocom Wireless, Telit Communication, U Blox Holdings, Sierra Wireless, Qualcomm, Mediatek, Unisoc Technologies, Altair Semiconductor, Intel, Nordic Semiconductors, Murata Manufacturing, Analog Devices, Qorvo, AT &T.

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