Cellular Iot Market To Grow Rapidly Due To Rising Device And Network Equipment Vendors And Application Providers Till 2025: Grand View Research, Inc.

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According to report published by Grand View Research, global cellular IoT market is segmented By End Users into smart home, smart utilities, asset tracking, wearable’s, health, and security, also environmental, industrial, and agricultural monitoring and control.

IoT is a collection of computers connected together to share information and resources. It is also referred to as Inter-Connection of Networks. Internet of things (IoT) basically connect all the things/devices/objects to the world of Internet. IoT has changed the concept of “connecting people” to “connecting Everything”. Cellular IoT Connectivity is defined as 2G, 3G, 4G and 5G IoT Connectivity. Those forms of connectivity are put into the context of a wider set of wide area network connectivity solutions in the IoT.

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The technology evolution in cellular from 2G to 3G and 4G has delivered enormous spectral efficiency gains and much improved resource utilization with availability of greater peak data rates and lower latency. The IoT is playing a major role across a variety of vertical sectors, generating cost savings, new revenue streams and other benefits.Each IoT application needs a clear value proposition and business logic in line with the prevailing ecosystem, business models and value chains of the various stakeholders.

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In terms of global reach, cellular networks already cover 90% of the world’s population. Cellular networks have been developed and deployed over three decades, and they will be around for the foreseeable future. The cellular mobile industry represents a huge and matured ecosystem. Incorporation of chipset, device and network equipment vendors, operators, application providers, and many more are the factors responsible for the growth of the global market.

Cellular IoT Market is segmented By Cellular Technologies into 3GPP (Machine-to-Machine [M2M]) Technologies like GSM, WXDMA, LTE and 5G. These WANs operate on licensed spectrum and historically have primarily targeted high-quality mobile voice and data services. However, they are being rapidly evolved with new functionality and the new radio access technology narrowband IoT (NB-IoT) specifically tailored to form an attractive solution for emerging low power wide area (LPWA) applications. 3GPP technologies already dominate use cases with large geographic coverage needs and medium to high-performance requirements. With new feature sets specifically tailored for LPWA IoT applications, 3GPP technologies are taking a large leap forward to cover segments with low-cost, low-performance requirements too.

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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.

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