Global LTE IoT Market: Overview

LTE IoT is an up and coming technology that is expected to garner substantial growth in the upcoming years. Internet of things (IoT) is developing at a rapid pace and generating high demand for data transfer and storage applications. Several fields, IoT enabled-manufacturing, professional services, telematics, navigation, and infotainment in transport, are expected to bolster the brisk development of the global LTE IoT market. The emergence of connected devices is further fueling the LTE IoT market across the globe to a large extent.

LTE IoT comprises of two key technologies- the LTE-M, and the NB-IoT. The LTE-M is a technology standard for low power wide area networks. It is specific to LTE CatM1, specially designed for IoT. The purpose LTE-M is to reduce modem costs and support data integrity and security, by lowering complexity and extending coverage. NB-IoT boosts the system capacity and efficiency of the spectrum. The high demand for key NB-IoT benefits such as improved range, better network reliability and security, easy deployment, and cost efficiency are expected to drive the global LTE IoT market in the forthcoming years.

This report gives top to bottom investigation of the global LTE IoT market, focusing on market opportunities and possible constraints, along with the latest trends driving the market.

Global LTE IoT Market: Trends and Opportunities

A key trend expected to leave a mark in the global LTE IoT market is the soaring demand for managed services. Providers of managed services have become essential across a plethora of operational activities such as security operations, cloud operations, and infrastructure management. Managed services aid the introduction of cost effective and efficient machine-to-machine solutions. Global mobile networks and satellite providers are key users of managed services, which enable them to provide first in its class managed services to system integrators, application providers, and end-users.

Currently, the licensing costs associated with LTE IoT are high. This is a pivotal cause constraining the growth of the global LTE IoT market. Issues with complexity in the front end, and deployment may hinder the growth of the market to some extent.

Global LTE IoT Market: Regional Outlook

The LTE IoT market is dominated by WN America as IoT and cloud services are increasingly adopted in this area. The increasing demand for efficient and cheap connectivity technology in the area supports the Narrowband-IoT market as well. The increasing application of NB-IoT in the automotive and transport sector in the region also anticipates a healthy growth in the LTE IoT market in Europe. The diverse government initiatives for intelligent cities in India and China are increasing in Asia-Pacific.

Europe has acknowledged its IoT phrase and made a substantial contribution to promoting IoT telecommunications and allies worldwide. Moreover, innovative technologies for the telecoms industry are important because telecoms companies such as Deutsche Telekom, Vodafone, and Orange are present. This enables new technologies like LTE-M and NB-IoT to be adopted in the region.

Global LTE IoT Market: Competitive Landscape

The global LTE IoT market is currently at a nascent stage. Vendors are expected to capitalize on the wide opportunity provided by the increasing applications and adoption of IoT in the coming years.

Prominent vendors in the global LTE IoT market are Vodafone, Telstra, MediaTek, Sierra Wireless, Orange, T-Mobile, PureSoftware, and Actility.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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