Product ID: SQMIG45E2193
Global Cellular IoT Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Type(2G, 3G), By End Use(Agriculture, Automotive & Transportation) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2193 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
101 |
Figures:
76
Global Cellular IoT Market Dynamics
Cellular IoT Market Driver
- The two most important sectors implementing cellular IoT modules are smart city infrastructure and building automation. By 2021, these verticals were responsible for roughly 30% of the cellular IoT market's revenue. The internet can now be accessed by battery-operated devices thanks to new cellular IoT technologies like NB-LTE-M, NB-IoT, and 5G. These technologies can assist in linking devices more effectively than the current 2G and 3G technologies, from smart parking to smart street lighting. Streetlights, traffic sensing and control devices, infrastructure monitoring devices, trash management devices, and parking management devices are some of the key uses of cellular IoT in smart cities. Modern infrastructure changes are a specific area of concentration for governments around the world, and numerous pilot projects are being established to accomplish this. Additionally, the governments of North America and Eastern Europe are encouraging such initiatives and creating public-private partnerships (PPPs).
Cellular IoT Market Restraint
- Modules and devices for the cellular IoT operate inside a connected ecosystem. They are vulnerable to hacks even if they assist in streamlining several applications across important verticals. Cybercriminals are using cellular and IoT vulnerabilities to launch cyberattacks more successfully than ever before as a result of the rise in IoT devices on cellular networks.
- For proper operation, the majority of cellular IoT devices rely on cloud networks. Due to the possibility of data theft or device piracy, unsecure cloud infrastructure makes cloud-based security a crucial component of cellular IoT security policy. An IoT device that depends on the cloud, such as a surveillance or delivery drone, is capable of processing information like navigational directions and picture data on its own. However, it may send movies or logs that it has recorded to the cloud. If the breach is not rapidly contained, it could endanger additional devices or the network as a whole. Battery drain, data channel rerouting, and denial of service (DoS) attacks are a few examples of typical cyber-attacks relating to cellular IoT devices.
Global Cellular IoT Market Report Snapshots
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