Albany, NY -- (SBWIRE) -- 09/06/2018 -- Adoption of cellular IoT for enablement of low-power, wide range coverage across industries and smart living has gained momentum, thereby reflecting favorably on the growth chart of cellular IoT market. Further, recent advances towards 5G is expected to mark further growth in cellular IoT market. To evaluate the implications of ongoing developments on the growth of the market, Market Research Hub (MRH) offers a descriptive overview in its recently added research report, 'Global Cellular IoT Market Study for the Forecast Period, 2018-26'
Narrowband IoT Emerges to Prohibit Latency and High Costs in Cellular IoT Market
Cellphone carriers, to enable cellular IoT are gradually evolving their technologies such as Narrowband IoT (NB-IoT) to present an array of improved cellular IoT services at affordable prices, low latency, and low bandwidth that will support enablement of extensive cellular IoT operations which currently remain unexplored owing to cost restraints. These initiatives towards improvement of cellular IoT are expected to leverage growth in cellular IoT market, besides allowing leading operators to find a firm ground in the competitive landscape.
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In its bid to attain new growth quotient in cellular IoT market, prominent players Qualcomm Technologies has recently announced its new developments in the realm of LTE IoT software development which is expected to aid development of novel cellular enabled IoT applications. This recent development along with Qualcomm Technologies sustained endeavors towards wireless services for IoT cloud providers, will spearhead the company's growth prospects towards cellular IoT market.
Sierra Wireless Unveils New LPWA Cellular Router
Further, Sierra Wireless, best known for its cloud solutions for IoT has recently announced the launch of its latest offering, AirLink LX60, cost efficient LPWA cellular router for enablement of cellular IoT. The new addition along with other product range such as LTE and LTE-M/NB-IoT is expected consolidate the company's position in cellular IoT market.
The report entails veritable research elements based on which the cellular IoT market is categorized into several segments such as component, cellular technology, and end-use industry. Based on component the cellular IoT market is bifurcated into hardware and software. On the basis of technology the market is split as 3G, 4G, LTE-M, NB-IoT, and 5G amongst others. IN terms of end-use industry, cellular IoT market is classified as agriculture, healthcare, retails, energy, transportation, and infrastructure amongst others. This elaborate report on market segments allows readers to draw critical insights on the impact of market segments in fostering growth in cellular IoT market, besides briefing readers about the segment associated with surged revenues.
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North America Continues to Lead Cellular IoT Market Growth
Parallely, the report also presents highlights on geographical distribution of cellular IoT market, based on which the market is split as Europe, North America, Latin America, Asia-Pacific, Japan, China, and Midle East and Africa.
Key Players: Cellular IoT Market
Comprehensive research elements postulated in the report offer readers a detailed outlook on the effectiveness of marketing practices in incurring favorable end-user response such as their buying preferences and eventual buying discretion. Thorough analytical study of these marketing practices by market players enable deduction of core inferences based on which new and existing market players can facilitate profit driven marketing plans and strategies that incur sustained revenues and secure their lead in cellular IoT market. Noted players identified in cellular IoT market consist of Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications, and Ericsson AB amongst several others.
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