Cellular IoT Market Size, Share, Overview and Market Value
Forecast to 2025
“The Global Cellular IoT Market is expected to reach USD 9.65 billion by
2025, according to a new report by Hexa Reports. The hype around Internet
of Things (IoT) and its tremendous potential to revolutionize machine-to-
machine and machine-to-human communications.”
The Global Cellular IoT Market is expected to reach USD 9.65 billion by 2025, according to a new study by
Hexa Reports. The hype around Internet of Things (IoT) and its tremendous potential to revolutionize
machine-to-machine and machine-to-human communications has reached its peak, owing to which numerous
technology vendors are prodding different variants of emerging technologies to capitalize on this opportunity.
With increased pervasiveness of cellular connectivity and the ready availability of its extensive networks,
mobile broadband is anticipated to gain unprecedented significance in IoT.
An important aspect of the growth of cellular IoT is its ability to leverage mobility and range as compared to
other IoT access methods, which can be the major differentiating factor over its contemporary service delivery
techniques. In addition, cellular networks operate on the existing network infrastructure and offer reliable and
quality services with assured security, which would play a vital role in their adoption in both industrial and
consumer applications. While cellular IoT primarily operates on the LTE technology, the emergence of other
Low Power Wide Area Networks (LPWAN), such as LoRA and SigFox, and comparatively higher costs of cellular
modules may hinder the market growth in the next couple of years.
Browse Detail Report With TOC @ http://www.hexareports.com/report/cellular-iot-market
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