1. Market Research
  2. > Advanced IT
  3. > Internet Of Things Market Trends
LTE IoT Market : Segmented by Service Type ; by End user and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

LTE IoT Market : Segmented by Service Type ; by End user and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

  • January 2022
  • 152 pages
  • ID: 6192127
  • Format: PDF
  • Fatpos Global Pvt. Ltd.

Summary

Table of Contents

Product Overview
LTE IoT uses modern connectivity technology to connect billions of Internet-connected devices all around the world. 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies including NB-IoT and LTE-M are among these sophisticated technologies. LTE IoT provides global coverage, dependable IoT device connectivity, and low-cost hardware for cellular IoT connections. Smart parking, smart cities, smart agriculture, industrial monitoring, smoke alarms, and other NB-IoT applications are just a few examples. LTE-M (LTE for Machine) is a sort of cellular IoT LPWA technology that uses a mobile operator’s 4G LTE communications infrastructure. It’s also known as Cat-M1 or eMTC (enhanced machine-type communication). Tracking systems, smartwatches and fitness bands, telematics, gas or water meters, pet tracking, and other LTE-M applications are just a few examples.

Market Highlights
Global LTE IoT market is expected to project a notable CAGR of 29.85% in 2030.
In the efforts to maintain intense competition environments, many vertical industries are concentrating more aggressively on technological changes to improve ultimate productivity and operational efficiency. 5G wireless technology has the potential to support notable vertical transformations by reducing overall cost and increasing profitability. Further emphasis will continue on enhancing energy monitoring and management as well as better access to the network for energy production and distribution over the projected timeframe.
Global LTE IoT: Segments
Manufacturing segment to grow with the highest CAGR during 2020-30
Global LTE IoT market is segmented by End-user into Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture, and Others. The manufacturing segment of the LTE IoT market is expected to have a larger market size during the forecast period, based on the end-user. With Industry 4.0 in full swing, 5G’s high bandwidth, wireless versatility, and low-latency performance capabilities have accelerated the growth of intelligent factories of the future. Manufacturers are adopting digitalization to reduce costs and improve ROI, and LTE IoT ensures new process efficiencies and cutting-edge technical advances, resulting in increased profitability and shop floor productivity. Cyber-physical systems and the Internet of Things are projected to power Industry 4.0, which would necessitate the use of 5G networks. Future factories will be more effective, linked, and scalable as a result of this.
Professional Services segment to grow with the highest CAGR during 2020-30
Global LTE IoT is divided by service type into Professional Services and Managed Services. Professional services are needed before, during, and after the deployment of LTE IoT technologies including LTE-M and NB-IoT. Planning, design, and implementation, advising, support and maintenance, and updates are all examples of these services. The professional services sector is expanding, with large corporations turning to players for consultation and implementation services. Professional services are particularly significant in the LTE IoT market because clients need to understand the feasibility of LTE IoT solutions. Consultants, security specialists, and dedicated project management teams specialize in the design and implementation of essential decision support software, tools, services, and knowledge for the companies offering these services.
Market Dynamics
Drivers
Increased manufacturing demand and technology acceptance
By incorporating protection into the network architecture, increased demand for manufacturing and acceptance of this technology would not only provide stable networks, but also fantastic safe connections for Industrial IoT. Other factors driving market growth include an increase in demand for processing data collected through sensors, analyzing, and real-time monitoring of business operations and other activities across a variety of industrial sectors. Additionally, providing backing operations that need real-time access to data changes instantly, as well as increased demand for ultra-low latency from a variety of industries, are some of the factors driving the market growth.
Increased demand of IoT in the autonomous sector
As autonomous vehicles progress from testing to commercial deployment, demand for LTE IoT devices is expected to rise over the forecast period. At the same time, incumbents in the energy and utility industries are eager to embrace the latest technologies to simplify energy generation and distribution processes, which is expected to drive the demand for IoT devices that support next-generation frequencies in order to provide improved performance.
Restraint
High investment costs as well as government regulations
The significant investment needed to develop a stable 5G network infrastructure could stymie the market. Furthermore, government regulations and other network connectivity-related issues could pose significant challenges to the market in the coming years.
Global LTE IoT Market:

Key Players
Airtel India
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Vodafone Limited
China Mobile Limited
Nokia
Deutsche Telekom AG

SAMSUNG
Vodafone Limited
Intel Corporation
AT & T Intellectual Property
Other Prominent Players
Global LTE IoT Market: Regions
Global LTE IoT market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global LTE IoT APAC held the largest market share in the year 2020. In terms of the implementation of emerging technology across various industries, the area is undergoing rapid transformation. The increasing deployment of 4G and 5G networks in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, presents huge opportunities for the implementation of LTE IoT services. Because of the region’s large mobile subscriber base, businesses are becoming more innovative and concentrating on providing quality customer service.

Global LTE IoT Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global LTE IoT Market report also contains analysis on:
LTE IoT Market Segments:
By Service Type:
Professional Services
Managed Services

By End User:
Manufacturing
Healthcare
Energy and Utilities
Automotive and Transportation
Supply Chain and Logistics
Government and Public Safety
Agriculture
Others
LTE IoT Market Dynamics
LTE IoT Market Size
Supply & Demand
Current Trends/Issues/Challenges

Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
LTE IoT Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 1.56 billion
Revenue forecast in 2030 USD 5.23 billion
Growth Rate CAGR of 29.85 % from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Network Type, End-User, and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Airtel India, Vodafone Limited, China Mobile Limited, Nokia, Deutsche Telekom AG, SAMSUNG, Vodafone Limited, Intel Corporation, AT & T Intellectual Property, Cisco, KT Corp., Verizon Wireless, Other Prominent Players.
Frequently Asked Questions
How big is the LTE IoT market?
What is the LTE IoT market growth?
Which segment accounted for the largest LTE IoT market share?

Who are the Key players in the LTE IoT market?
What are the factors driving the LTE IoT market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on