#Cellular IoT Module Shipments Market Trends
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Cellular IoT Module Shipments Forecast to Reach USD 85.47 Billion by 2034 | CAGR at 27.1%
Report Overview The latest research report titled Cellular IoT Module Shipments Market presents a comprehensive analysis of a rapidly growing industry. The report includes a detailed study of the market share, size, growth drivers, recent developments, and top trends. Besides, a thorough analysis of the product offerings, applications, advancements, benefits and scope has been covered. The study…
#Cellular IoT Module Shipments Market#Cellular IoT Module Shipments Market 2025#Cellular IoT Module Shipments Market Share#Cellular IoT Module Shipments Market Size#Cellular IoT Module Shipments Market Trends
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Smart Locker Market to Reach $9.3 Billion by 2034: What’s Driving the Growth?
The global smart locker market, valued at USD 2.8 billion in 2023, is poised for robust expansion over the next decade. Driven by surging e-commerce penetration, the need for secure parcel management, and rapid technology adoption across industries, the market is projected to register a compound annual growth rate (CAGR) of 11.7% from 2024 to 2034, reaching USD 9.3 billion by 2034.
Market Overview
Smart lockers secure, automated storage units integrated with sensors, connectivity, and management software are revolutionizing package handling and asset management across residential, commercial, institutional, industrial, and transportation sectors. They offer 24/7 secure access, real-time notifications, and advanced analytics, mitigating risks of theft, loss, and delivery delays. The COVID-19 pandemic underscored the importance of contactless solutions, accelerating deployments in logistics hubs, last-mile delivery networks, corporate campuses, educational institutions, and multi-family dwellings.
Market Drivers & Trends
E-Commerce Boom & Last-Mile Optimization The exponential rise of online shopping has intensified demand for reliable, contactless pickup and drop-off solutions. Retailers and logistics providers deploy smart lockers at convenient locations—supermarkets, transit stations, apartment complexes—to streamline deliveries, reduce failed delivery attempts, and cut operational costs.
Safety & Security Requirements With package theft (“porch piracy”) on the rise, consumers and businesses are adopting smart lockers to secure shipments. Integrated access control (PIN codes, biometrics, smartphone authentication) ensures only authorized users retrieve parcels.
IoT & Cloud-Based Analytics Connectivity via Wi-Fi, Bluetooth, NFC, and cellular networks enables automated monitoring, predictive maintenance, dynamic allocation of locker space, and utilization insights. AI-driven analytics optimize inventory distribution and enhance user experience.
Customized Solutions for Specialized Goods Temperature-controlled lockers support last-mile delivery of perishable groceries, pharmaceuticals, and laboratory specimens. Thermal management and modular compartmentalization ensure product integrity.
Regulatory & Sustainability Pressures Municipalities and corporations seek solutions to reduce carbon footprint of multiple delivery attempts. Consolidated locker deployments lower vehicle miles traveled and greenhouse gas emissions.
Latest Market Trends
Integration with Mobile Wallets & Apps Users increasingly leverage mobile apps and digital wallets to unlock compartments, track package status, and receive push notifications. Mobile-first interfaces are now standard.
Expansion into Multi-Tenant Residential Buildings Property developers embed smart locker ecosystems into new constructions to offer value-added amenities, improve tenant satisfaction, and differentiate offerings.
Plug-and-Play Modular Systems Scalable locker banks enable businesses to expand capacity on-demand. Plug-and-play modules simplify installation and future upgrades.
Partnerships with Last-Mile Tech Providers Collaboration between parcel locker manufacturers and drone, robotics, or autonomous vehicle companies is emerging to create end-to-end automated delivery networks.
Blockchain for Audit Trails Early pilots utilize distributed ledger technology to record chain-of-custody events for high-value shipments, enhancing transparency and reducing disputes.
Access key findings and insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86223
Key Players and Industry Leaders
Prominent vendors shaping the global smart locker landscape include:
ASSA ABLOY AB – Integrating smart access control across locker portfolios.
Allegion Plc – Broadening product lines with cloud-enabled locker solutions.
Avent Security – Specializing in modular, temperature-controlled lockers.
Dahua Technology – Offering AI-driven surveillance and analytics in locker systems.
dormakaba Group – Combining mechanical expertise with digital management platforms.
Honeywell International Inc. – Delivering enterprise-grade locker management software.
igloocompany Pte Ltd – Pioneering parcel locker networks in Asia.
Master Lock Company LLC. – Known for ruggedized, weatherproof locker designs.
MIWA Lock Co. – Integrating biometric authentication into high-security lockers.
Samsung Electronics Co., Ltd. – Leveraging consumer electronics expertise for locker interface design.
Spectrum Brands, Inc. – Expanding access control offerings into locker portfolios.
Vivint, Inc. – Bundling smart home security with locker access solutions.
These companies focus on R&D, strategic alliances, and targeted acquisitions to enhance technological capabilities and geographic reach.
Recent Developments
November 2023: Blue Dart Express partnered with India Post to install automated digital parcel lockers at select post offices nationwide. Authorized personnel deposit deliveries, and recipients access packages via unique codes—enabling flexible, round-the-clock collection.
March 2022: Quadient and DHL launched an extensive rollout of outdoor smart parcel lockers across Sweden, providing consumers with secure self-service pick-up points and reducing delivery failure rates.
January 2024: igloo expanded its locker network in Singapore’s suburban residential estates, integrating cloud-based analytics to optimize locker utilization and reduce idle capacity.
April 2025: dormakaba introduced biometric-enabled lockers for hospital and laboratory environments, ensuring traceable access to controlled substances and sensitive equipment.
Market New Opportunities and Challenges
Opportunities
Emerging Economies: Rapid urbanization and e-commerce growth in Asia, Latin America, and Africa create fertile ground for locker deployments.
Smart City Initiatives: Municipal plans to deploy shared locker hubs at transit nodes can drive large-scale adoption.
Cross-Industry Convergence: Integration of lockers with coworking spaces, gym facilities, and parcel shops presents new partnership models.
AI-Powered Predictive Maintenance: Leveraging machine learning to foresee component failures enhances uptime and reduces service costs.
Challenges
High Initial Capital Outlay: Infrastructure costs and integration with existing IT systems may deter small and mid-sized enterprises.
Data Security & Privacy: Handling user credentials and tracking data demands robust cybersecurity measures and compliance with evolving regulations (e.g., GDPR).
Interoperability Standards: Absence of universal communication standards across locker ecosystems can hamper large-scale interoperability.
Last-Mile Network Complexity: Integrating lockers into fragmented delivery networks—involving multiple carriers—requires seamless coordination.
Future Outlook
The smart locker market is set to evolve into a critical component of the global logistics and asset-management ecosystem. By 2034, we anticipate:
Hyper-Connected Lockers: Fully integrated into smart city infrastructures, enabling dynamic allocation based on pedestrian and vehicle traffic flows.
Autonomous Replenishment: Drone and robotics fleets replenishing locker stock in real time, responding to demand signals from e-commerce platforms.
Advanced User Experiences: Voice-activated access, augmented reality (AR) wayfinding within locker halls, and AI-driven personalization.
Vertical-Specific Solutions: Tailored offerings for healthcare, cold chain, automotive manufacturing, and other sectors with stringent compliance requirements.
Sustainability Focus: Solar-powered locker banks and carbon-neutral installation programs to align with corporate ESG goals.
Analysts assert that as technology costs decline and value propositions become clearer, adoption will spread beyond major metropolitan areas into suburban and rural markets.
Market Segmentation
Segment
Details
By Type
Deadbolt locks, lever handles, server locks & latches, knob locks, others
By Communication
Bluetooth, Wi-Fi, Z-Wave, NFC, others
By Locking Mechanism
Keypad, card key, touch/biometric, key fob, smartphone
By End-Use
Commercial, residential, institutional & government, industrial, transportation & logistics
Regional Insights
Asia Pacific: Largest market share in 2023, driven by rapid e-commerce expansion, smart city programs, and strong uptake of IoT/cloud computing solutions. Key countries: China, India, Japan, South Korea, ASEAN nations.
North America: High adoption of advanced analytics and strong presence of leading vendors fuel growth. Retail, residential, and institutional segments are particularly active.
Europe: Focus on sustainability and urban logistics optimization. Germany, the U.K., and France lead with smart city pilots and intermodal transport locker installations.
Latin America & MEA: Emerging markets present significant growth potential, though hampered by infrastructural and regulatory challenges.
Why Buy This Report?
This comprehensive report offers:
In-depth market analysis from 2020 to 2023, with detailed forecasts through 2034.
Quantitative units covering market value (US$ billion) and volume (thousand units).
Extensive profiling of leading players, including product portfolios, strategic initiatives, financial overviews, and sales footprints.
Segment-level and regional breakdowns, highlighting growth pockets and investment hotspots.
Detailed qualitative assessments: drivers, restraints, opportunities, Porter’s Five Forces, value chain, and trend analyses.
Ready-to-use Excel datasheets for custom modeling and scenario planning.
Whether you are a technology vendor, investor, logistics provider, or smart city planner, this report equips you with actionable insights to make informed strategic decisions and capitalize on emerging opportunities in the smart locker landscape.
Frequently Asked Questions
1. What is driving the growth of the smart locker market? Surging e-commerce volumes, last-mile delivery challenges, rising concerns over package theft, and the integration of IoT/cloud analytics are key growth drivers.
2. Which regions offer the highest growth potential? Asia Pacific leads today, but Latin America, the Middle East & Africa, and secondary markets in North America and Europe present significant untapped opportunities.
3. What are the main barriers to adoption? High upfront costs, data security/privacy concerns, and the lack of universal interoperability standards across locker ecosystems.
4. How are smart lockers being used beyond parcel delivery? Applications include IT asset management, medical device distribution, temperature-controlled food and pharmaceutical logistics, and secure document storage.
5. Which technologies enhance smart locker capabilities? Bluetooth, NFC, Wi-Fi, biometric authentication, cloud-based management platforms, AI-driven analytics, and emerging blockchain pilots for audit trails.
About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: [email protected]
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LoRa and LoRaWAN
We live in an age where IoT is a growing phenomenon, and therefore we often come across terms like LoRa and LoRaWAN. Most people use these terms interchangeably as they seem alike. However, this is not perfectly true as they have some differences. In this article, we will take a look at the pertaining differences between LoRa and LoRaWAN. We will also look at some of their prospective applications, and prominent benefits.
Before understanding the key differences, we will have to develop a keen understanding of some essential terminologies.
IoT Devices and PHY
A telecommunication device operates in layers when we integrate it into an IoT network. The PHY or commonly known as the physical layer is responsible for determining the parameters for data transfer operations. Then it establishes a connection to the data link layer which is also commonly known as the data link layer. Hence, this data transfer layer establishes the protocols for transmitting the required data to the nearby nodes.
A Contrast among LoRa and LoRaWAN
1. LoRa is a signal which operates on radio frequency
LoRa is a long-range signal which is based on radio frequency. It is embedded in any IoT device’s PHY layer. LoRa is developed and owned by Semtech which is a company based in California. You can use a LoRa modem for converting any data set into this radio frequency signal.
We can create variations in the LoRa signal as per the messages or data sets it is carrying. For this purpose, we use CSS (Chirp Spread Spectrum) which is a modulation technique. LoRa is effective at harnessing the full channel bandwidth during data transmission. Therefore, it is more immune to noise and fluctuations.
There are many popular radio frequency signals available today. For example, Wi-Fi, BLE, Bluetooth, etc. However, LoRa is famous for its superior communication range, enhanced receiver sensitivity, and large data transmitting capabilities. Hence, LoRa is ideal for implementing robust IoT applications over wide areas.
2. LoRaWAN connects the IoT application with the signal
LoRaWAN is embedded in any device’s data transfer layer. It allows LoRa signal to link with the IoT application we want. LoRaWAN helps us control the network architecture and data transmitting protocols. Hence, we are better able to determine the service quality, remaining battery span of the connected nodes, capabilities and capacity of the network, and possible security vulnerabilities and the type of applications that are under usage.
LoRaWAN complements the radio frequency signals of LoRa. Therefore, we are able to create economical, bi-directional, low powered, long-range, IoT solutions that we can deploy in scenarios involving wide ranges. LoRaWAN requires fewer gateways for establishing any network. This is a prominent reason why LoRaWAN is gaining popularity for deployments in applications like Smart cities etc.
LoRa and LoRaWAN, the forerunners of the upcoming LPWAN ecosystem
With the growing trend of IoT, we are seeing more and more LPWAN deployments. Many tech giants and IoT companies are relying heavily on LPWAN for various applications. And it is interesting to see that more and more companies are deploying LoRa and LoRaWAN based use cases.
MOKOSmart and tech experts believe that LoRa and LoRaWAN will keep gaining popularity. There are many reasons for this rapid growth and we will take a look at some of them.
The industrial sector is switching towards smart and automated solutions. Therefore, a surge in dependence on IoT connectivity is frequently observed.
With growing safety concerns, more and more people are looking for reliable alternatives. So, they turn towards LoRa and LoRaWAN because they promise improved security with the strongest possible encryption standards.
LoRa and LoRaWAN operate on free bandwidths. Therefore, they are more accessible. Hence, more people prefer to adopt them instead of conventional and expensive alternatives.
LoRa and LoRaWAN are becoming the de facto standard for large scale and wide area IoT deployments. This growing community ensures an ecosystem of innovation that encourages everyone to switch to a more trustworthy solution.
Groundbreaking Benefits of LoRa and LoRaWAN
There are many groundbreaking benefits of LoRa and LoRaWAN. However, here we will take a look at only a few of them.
Long range capabilities make it possible to implement innovative solutions like smart city applications.
They require low power hence it ensures that the connected IoT devices will have longer battery life.
Their low bandwidth makes it perfect for IoT deployments which are practical. This is because such deployments require fewer data transmissions or the data transfer isn’t constant. For instance, if you are installing an IoT application for waste management and just want to know whether a particular waste bin is full or not then LoRa and LoRaWAN are perfect for the job. Similarly, if you just want to know whether a particular parking spot is free or not in a smart parking deployment then LoRa and LoRaWAN are ideal for the job.
These are very economical solutions. Hence, you will incur much lower connectivity costs.
They are easier to set up as compared to other technologies. Additionally, they are faster to deploy as well.
These have two security layers. One layer is dedicated to the network and the other is dedicated to the application. Both feature AES encryption hence you will have the assurance that you won’t have any security vulnerabilities.
They allow for complete bi-directional transmission and communication.
These operate on an open standard that is protected under and open LoRa alliance.
The role of LoRa and LoRaWAN in the IoT sector
Many renowned telecom companies rely on LoRa. These are ideal for communications between several data gathering systems involving IoT devices. Such communications involve large data transmissions which happen frequently after set intervals.
These have much more to offer them their competitor technologies that is why they are gaining popularity. Most of the other technologies such as Sigfox operate on ultranarrow bandwidths that is why they are much more expensive and inaccessible. Therefore, it is not practical to deploy these other technologies for large scale wide area IoT applications. On top of that, other technologies are much more prone to noise and frequency fluctuations. However, LoRa and LoRaWAN are relatively immune to these.
Most key players in the IoT industry are looking to develop products and solutions for IoT applications involving large distances, low power consumption, and large data transfers. Therefore, more and more prototypes based on LoRa and LoRaWAN are in the design phase. A recent study conducted by a renowned researcher and his students at Massachusetts Institute of Technology (MIT) concluded that approximately 78% of future IoT applications and deployments will involve the use of LoRa and LoRaWAN at some point. He argued that the primary reason for this is that LoRa and LoRaWAN require less power and are more economical. Hence, they will meet our future energy demands and will offer a sustainable solution.
Possibilities of using LoRa and LoRaWAN
There are numerous possibilities for using LoRa and LoRaWAN. However, key players are only interested in certain sectors and they are only investigating the most promising probabilities. Some of these involve the development of smart parking lots, smart traffic and waste management, remote metering, safer homes and buildings, better supply chain and logistics, convenient and productive farming, efficient mining, and automated manufacturing.
Simply put, LoRaWAN is ideal for many industrial IoT applications involving the interest of private corporations and government entities. LoRaWAN has the capability to offer amazing solutions that are much more economical in comparison to the likes of Wi-Fi and cellular connections.
Use cases of LoRa and LoRaWAN
In this section, we will take a brief look at some of the unique and prominent use cases. These are as follows.
Minol Zenner Uses LoRaWAN in the housing and utility industries in Germany
This is a sub-application of smart and innovative metering. They have developed a solution based on LoRaWAN which can make it easier to perform remote metering. They are currently working on making it compliant with legal standards. Talks are underway to deploy this smart metering system. It will considerably reduce the metering cost and turn the metering process into an automatic one.
Apana’s Smart Water Management System
They recently deployed this system so that they could easily monitor their water usage and water levels at all times. Before the deployment of this system, they had no way of knowing their current water usage. Apana’s Smart Water Management System not only detects water usage and remaining water levels but it also detects and monitors any possible water leakages. Hence, it is capable of preventing any major water loss and therefore it allows for considerable cost reduction. This system is so efficient because it is based on LoRaWAN. Hence, its efficiency and excellent performance support the assertion that LoRaWAN is, in fact, the most reliable IoT technology out there.
MOKOSmart’s GPS tracker
MOKOSmart is a well-known name in the market of LoRaWAN devices. We have a significant market share in the global service sector. We take pride in quick and safe deliveries of shipments and packages ordered through them. We provide live updates and real-time tracking of the packages while they are being delivered.
We accomplish this by using our GPS tracker. Beagle provides extremely accurate and precise GPS tracking of any shipment or package. The real-time tracking is so simple that it is very easy for customers to use even if they have no prior experience with IoT. Our GPS tracker is developed by using LoRa and it transmits and processes data through the use of LoRaWAN protocols. It deploys in less than one minute and notifies the customers about the location of their package at all times. Hence, it helps in fighting against asset thefts and combats supply chain disruptions.
ComplianceMate for food monitoring
Laird Connectivity and CM Systems are independent IoT firms that are working on coming up with unique and sustainable IoT solutions. They recently developed a product known as ComplianceMate. Its primary purpose is to monitor the nutritious content of food and notifying the concerned people if it is unhealthy to eat. Food retailers can integrate ComplianceMate in their refrigerators, food containers, or storage units. So, the ComplianceMate will detect the storage temperature and will notify the retailer if it is unsafe or if the food is at the risk of contamination.
Food retailers often struggle with food wastage due to inappropriate storing or ineffective storage temperatures. ComplianceMate can eliminate this problem by suggesting effective temperatures for food storage and by notifying the retailer if there is any risk of contamination. ComplianceMate is based on LoRa and therefore it proves that LoRaWAN is an effective technology for prospective applications in commercial kitchens.
KotahiNet Connects the Cook Islands
KotahiNet has developed a LoRaWAN based network which is providing a smart sensing infrastructure to the Cook Islands. Therefore, private businesses and government entities are able to analyze and collect data from the environment. Hence, they are able to make smarter decisions about their limited island resources and extensive business operations.
KotahiNet is dedicated to using recurring patterns in nature to collect the relevant data. Therefore, it is able to provide a dedicated wireless network throughout New Zealand which is built by using LoRaWAN. They are also providing related services and products which are operational on their network.
Where can I get reliable LoRa and LoRaWAN products?
MOKOSmart is a renowned name in the IoT industry. We have years of experience in designing and manufacturing IoT products. MOKO Smart has a dedicated R&D team and we specialize in LoRaWAN based products. We have mass production capabilities and we can help you with all of your LoRa related needs. Superior Quality is our hallmark and we always deliver on time. Feel free to contact us if you have any further questions or if you would like to get a quote.
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Cellular IoT Market Status, Development Trends, Manufacture Analysis and Forecasts to 2025
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
The role played by emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for gaining M2M market share. These technologies are specifically designed for IoT applications and are on the verge of commercialization with numerous pilot projects being launched in different parts of the world.
Cellular IoT offers numerous advantages such as broader coverage, deep indoor penetration, and smaller module size, owing to which it is largely preferred in high-density deployments. This is also expected to aid in the increased adoption of the technology over the next decade. Furthermore, cellular technologies, especially LTE, are supported and backed by a consortium of established industry players and various organizations such as 3rd Generation Partnership Project (3GPP) and Global System for Mobile Association (GSMA), which is expected to boost the market growth in the coming years.
Request A Sample copy of This Report @ http://www.hexareports.com/report/cellular-iot-market/request-sample
Further Key Findings from the Study Suggest:
North America is expected to maintain its dominant position in the global market owing to a greater penetration of next-generation LTE technologies, especially in the U.S.
2G holds the largest market share in terms of revenue generated; however, it is expected to gradually lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting factor about the competing technologies, is the way in which these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs NB-IoT) and whether they act as complementary or rival technologies in IoT
Standard bodies, including 3GPP, are actively promoting the usage of cellular IoT technology and network transformation in broadband connectivity, which is expected to drive market growth and standardization over the forecast period.
Remote monitoring, cloud connectivity, predictive maintenance, remote operation, and remote maintenance are some of the major applications being commercialized in different end-use industries.
Numerous applications of cellular IoT are anticipated to be the most important growth driver for the market with a phenomenal increase in device shipments over the forecast period.
For More Details Visit @ Hexa Reports
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Cellular IoT Market Report Covers Revenue Forecast, Company Share, Competitive Landscape, Growth Factors And Trends 2014-2025
Global Cellular IoT Market is expected to reach USD 9.65 billion by 2025, according to a new study by Grand View Research, Inc. 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. The role played by emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for gaining M2M market share. These technologies are specifically designed for IoT applications and are on the verge of commercialization with numerous pilot projects being launched in different parts of the world.
Cellular IoT offers numerous advantages such as broader coverage, deep indoor penetration, and smaller module size, owing to which it is largely preferred in high-density deployments. This is also expected to aid in the increased adoption of the technology over the next decade. Furthermore, cellular technologies, especially LTE, are supported and backed by a consortium of established industry players and various organizations such as 3rd Generation Partnership Project (3GPP) and Global System for Mobile Association (GSMA), which is expected to boost the market growth in the coming years.
Full Research Report on Global Cellular IoT Market Analysis: http://www.grandviewresearch.com/industry-analysis/cellular-iot-market
Further key findings from the study suggest:
North America is expected to maintain its dominant position in the global market owing to a greater penetration of next-generation LTE technologies, especially in the U.S.
2G holds the largest market share in terms of revenue generated; however, it is expected to gradually lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting factor about the competing technologies, is the way in which these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs NB-IoT) and whether they act as complementary or rival technologies in IoT
Standard bodies, including 3GPP, are actively promoting the usage of cellular IoT technology and network transformation in broadband connectivity, which is expected to drive market growth and standardization over the forecast period.
Remote monitoring, cloud connectivity, predictive maintenance, remote operation, and remote maintenance are some of the major applications being commercialized in different end-use industries.
Numerous applications of cellular IoT are anticipated to be the most important growth driver for the market with a phenomenal increase in device shipments over the forecast period.
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the Global Cellular Iot Market based on components, types, end uses, and regions:
Component Scope (Revenue, USD Million; 2014 - 2025)
Hardware
Software
· Device Management
· Signal Processing
Type Scope (Revenue, USD Million; 2014 - 2025)
2G
3G
4G
LTE-M
NB-LTE-M
NB-IoT
5G
End-use Scope (Revenue, USD Million; 2014 - 2025)
Agriculture
Automotive & Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
U.S.
Canada
UK
Germany
China
India
Japan
Brazil
View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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