Albany, New York, September 21, 2018: Rising demand for advanced connectivity technologies and the worldwide proliferation of IoT devices is expected to drive the growth of the cellular IOT market for the foreseeable future. Rising preference for global coverage, reliable connections and low-cost hardware are also expected to have a positive impact on market growth during the forecast period. Revenue earned from the cellular IoT market are estimated to grow at a massive CAGR of 26.7% through 2026. These insights have been taken from the report titled “Global Market Study on Cellular IoT: North America to Continue Market Dominance During 2018 – 2026” added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
Owing to its characteristics of improvements in efficient communication, extended battery life, low energy consumption, and lower costs, the new NB-IoT technology is expected to show a rapid rate of growth in the near future. Rising demand for cellular IoT in a growing number of smart cities is expected to place the cellular IoT market on an upward growth trend. However, prohibitory costs of installing IoT infrastructure and regulatory issues regarding the implementation of such devices are expected to act as key constraining factors for the cellular IoT market.
Key players are focusing on expanding their portfolios by introducing technologically advanced cellular IoT technologies in order to achieve centralization and automation of enterprises, and gaining competitive advantages in the market.
Cellular IoT Market: Report Summary
This comprehensive report provides in-depth analysis & forecast for the regional and global level on the Cellular IoT market, in terms of Market Value Share (%), for the period of forecast 2018 to 2026. An unbiased assessment of vital market dynamics, and drivers, constraints, opportunities and trends that are key influencing factors on the demand for the Cellular IoT market have been studied in the report.
A thorough value chain analysis on the Cellular IoT market has been provided in the report to help the readers’ gain a better understanding of the competitive scenario among key market players. A market attractiveness analysis has also been incorporated to benchmark players on the terms of their market size, general attractiveness, and growth rate.
Cellular IoT Market: Research Methodology
Comprehensive primary and secondary research have been used, for extracting authentic and relevant intelligence on the Cellular IoT market. These efforts included face-to-face discussions and telephonic interviews with a wide variety of key industry experts and opinion leaders to gain useful insight into factors such as market size, market trends, competitive scenario, and growth rates. Primary research represents bulk of the research efforts, which has been complemented with an extensive secondary research.
Leading and new market players in the Cellular IoT market have been examined, and sources of information such as press releases, annual reports, SEC filings, investor presentations, and other relevant documents and databases have been studied for analysis on the market’s landscape. The research approach and methodologies employed here has been proven to be highly accurate and effective to gain useful insights on the market data, understanding market players and identifying previously unexplored business opportunities.
Browse Full Global Cellular IoT Market Report with TOC : https://www.mrrse.com/cellular-iot-market
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