Product ID: SQMIG45E2193
Report ID:
SQMIG45E2193 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
101 |
Figures:
76
Due to the aggressive pursuit of IoT implementation projects by solution vendors and component manufacturers, the North American region is expected to dominate the Cellular IoT Market in terms of revenue. The fast-evolving technology landscape and the ability of sectors to adopt smart and connected products from their genesis are some key reasons for the region's success. By 2025, it is projected that the region will develop at a CAGR of 18.8% and reach US$ 3.28 billion.
Throughout the forecast period, it is expected that the European region would also create sizable revenues and have good growth. Due to the enormous deployments that cellular connectivity in IoT applications ensures in fields like fleet tracking and management of capillary networks and smart buildings, the Asia Pacific region is predicted to experience the fastest growth for the application. Throughout the projected period, the population will continue to expand, consumer demand will be high, and disruptive technology will increasingly be used in industrial applications.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONCellular IoT Market size was valued at USD 3.7 billion in 2019 and is poised to grow from USD 4.61 billion in 2023 to USD 26.78 billion by 2031, growing at a CAGR of 24.6% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45E2193