Cellular IoT connections and connectivity is a complex network, a method of connecting physical things such as sensors to the internet. Cellular IoT connections and connectivity is the mainstay of driving secure connections of different devices to the internet across different sectors. Cellular IoT connections and connectivity include many sub-categories of network technology such as 2G, 3G, LTE Cat.0, LTE Cat M, NB-IoT, 4G LTE, and LTE Advanced. At present, most cellular IoT applications use one of two technologies: LTE-M or NB-IoT.

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Published Tue, Apr 19th 2022
Cellular IoT Connections and Connectivity Market Projected To
Garner Significant Revenues By 2030
Rising demand for cellular IoT connectivity in the automotive sector is also expected to propel the cellular IoT connections and
connectivity market during the forecast period.
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Cellular IoT Connections and Connectivity:
Cellular IoT connections and connectivity is a complex network, a method of connecting physical things such as sensors to the
internet. Cellular IoT connections and connectivity is the mainstay of driving secure connections of different devices to the internet
across different sectors. Cellular IoT connections and connectivity market include many sub­categories of network technology such
as 2G, 3G, LTE Cat.0, LTE Cat M, NB­IoT, 4G LTE, and LTE Advanced. At present, most cellular IoT applications use one of two
technologies: LTE­M or NB­IoT.
Cellular IoT connections and connectivity is a complete system of wearables, IoT devices, and sensors that use edge and cloud
computing to create a connection.
The global cellular IoT connections and connectivity market is projected to expand at a rapid pace during the forecast period, due
to advancements in technologies across the globe.
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Global Cellular IoT Connections and Connectivity Market: Dynamics
Global Cellular IoT Connections and Connectivity Market: Key Drivers
The surge in demand for extended network coverage among end­users is a major factor likely to accelerate the cellular IoT
connections and connectivity market in the next few years.
A rise in demand for better communication and interaction with the physical environment to accomplish a broad range of activities
in a more efficient and informed manner across the globe is estimated to boost the growth of the cellular IoT connections and
connectivity market during the forecast period.
Additionally, the rise in the adoption of cloud computing technologies among various sectors is projected to boost the demand for
cellular IoT connections and connectivity across the globe.
Rising demand for cellular IoT connectivity in the automotive sector is also expected to propel the cellular IoT connections and
connectivity market during the forecast period.
Increasing adoption of smart technologies, distributed applications, and the advent of 5G is anticipated to boost the cellular IoT
connections and connectivity market.
Currently, various sectors are focused on wireless technologies, which is expected to create new opportunities for the cellular IoT
connection and connectivity market during the forecast period.
Global Cellular IoT Connections and Connectivity Market: Restraints
Technology fragmentation and strong competition from low power wide area network (LPWAN) technologies is the major factor
projected to hinder the global cellular IoT connections and connectivity market in the next few years.
The lack of regulations for spectrum allocation is also anticipated to hamper the cellular IoT connections and connectivity market
during the forecast period.
Impact of COVID­19 on the Global Cellular IoT Connections and Connectivity Market
Increasing cases of COVID­19 across the globe are resulting in an economic slowdown. Developed countries are strongly affected
by this pandemic. Most manufacturing or production of goods have been temporarily suspended all over the world. Businesses
have been adversely impacted in most countries due to partial or full lockdown. This in turn is projected to indirectly hamper the
global cellular IoT connections and connectivity market in the next few years. Lack of industrial activity is expected to result in low
cash flows, further hampering the funding of projects.
North America to Hold a Major Share of the Global Cellular IoT Connections and Connectivity Market
In terms of region, the global cellular IoT connections and connectivity market can be divided into North America, Europe, Asia
Pacific, Middle East & Africa, and South America
North America dominated the global cellular IoT connections and connectivity market in 2019. The U.S. is the key market in the
region due to the increasing adoption of cellular IoT connectivity in the automotive, transport & logistics, and wearable sector.
The cellular IoT connections and connectivity market in the Asia Pacific is projected to expand at a rapid pace during the forecast
period. This can be attributed to the increasing number of smart city and smart infrastructure projects across China, Japan, and
India in the region.
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Global Cellular IoT Connections and Connectivity Market: Competition Landscape
Several local, regional, and global players are active in the cellular IoT connections and connectivity market with a strong presence. Rapid
technological advancements have created significant opportunities in the global cellular IoT connections and connectivity market. Market
players are increasingly focusing on collaboration, mergers, and acquisition activities with technology partners to develop innovative and
advanced solutions in order to improve their offerings and market reach.
Key Players Operating in the Global Cellular IoT Connections and Connectivity Market Include:
ARM Limited
Ericsson AB
Gemalto NV
Huawei Technologies Co., Ltd.
Mediatek Inc.
Qualcomm Technologies, Inc.
Sequans Communications S.A.
Sierra Wireless
Telit Communications PLC
Texas Instruments Incorporated
u­blox
Vodafone Group plc
ZTE Corporation
Global Cellular IoT Connections and Connectivity Market: Research Scope
Global Cellular IoT Connections and Connectivity Market, by Component
Hardware
Software
Global Cellular IoT Connections and Connectivity Market, by Technology
2G
3G
4G
LTE–M
NB­LTE­M
NB­IoT
5G
Global Cellular IoT Connections and Connectivity Market, by End­user
Agriculture
Automotive
Transportation & Logistics
Energy & Utilities
Healthcare
Retail
Consumer Electronics
Building Automation
Manufacturing
Others
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