Kenneth Research, in its repository of market research reports, has recently added a report on Cellular IoT Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Cellular IoT Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cellular IoT Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Cellular IoT is defined as a way of connecting physical devices to internet across the globe. These advanced technologies used for connectivity comprises of 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. It offers benefits such as global coverage, reliable connection of IoT devices, and low-cost hardware that are requirements for cellular IoT connections. Growing adoption of Internet of Things (IoT) has boosted the growth of Cellular IoT Market.
Global Cellular IoT Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.Growing demand for extended network coverage, increasing demand for cellular connectivity in the automotive sector and rising demand for demand for end-to-end security have been driving the global cellular IoT market. On the other hand, high IoT infrastructure costs and lacking regulation for spectrum allocation might hinder the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Cellular IoT Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Cellular IoT Market Competitive Landscape
The “Global Cellular IoT Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications, Ericsson AB, ARM Holdings, Huawei Technologies Co., Ltd., Mediatek Inc., Vodafone Group plc, Texas Instruments Incorporated. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Cellular IoT Market Segmentation, by Offering
Global Cellular IoT Market Segmentation, by Type
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Cellular IoT Market Segmentation, by Application
* Environmental Monitoring
* Automotive & Transportation
Global Cellular IoT Market Geographic Scope
* North America
Rest of Europe
* Asia Pacific
Rest of Asia Pacific
* Latin America
* Rest of the World
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Reasons to Purchase this Report* Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
* Provision of market value (USD Billion) data for each segment and sub-segment
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* Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
* Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
* Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
* The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
* Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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