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LTE IoT Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global LTE IoT Market is anticipated to value over USD 3 billion by 2026 end and grow at a CAGR of over 28% during the forecast period 2019 to 2026. LTE IoT is a new age technology which is predicted to gain vast growth in the coming years. It hel
LTE IoT Market Global Trends, Market Share, Industry Size, Growth, Opportunities,
and Market Forecast 2019 to 2026
Global LTE IoT Market is anticipated to value over USD 3 billion by 2026 end and
grow at a CAGR of over 28% during the forecast period 2019 to 2026.
LTE IoT is a new age technology which is predicted to gain vast growth in the coming
years. It helps in storage of data. LTE-IoT market by technology is segmented into NBIoT and LTE-M. NB-IoT amends the spectrum and provides better network reliability.
LTE-M aims at providing extended coverage, less modem cost and improved support
security.
Rapid demand for managed services has boosted the growth of the market.
Managed services perform various functions as security operations and
infrastructure management. It provides cost-effective machine-to-machine solutions.
A rise in smart city projects is also fueling the growth of the market. The rise in NBIoT application in the automotive sector had a positive influence on the market.
However, the licensing costs of LTE IoT are expensive which will diminish the growth
of the market. Also, difficulties in installation may restrain the growth of the market.
Europe holds the majority of the share of the market, as it vastly utilizes IoT
technology. It is home to some prominent players of the market. With government
favouring new technology innovations, the market has witnessed escalated growth.
Furthermore, the European Union is supporting technological advancements related
to IoT. North America comes after Europe as US has witnessed increased adoption of
cloud services and IoT. Favourable government policies for smart city project in India
and China have led to more opportunistic space in the coming years in Asia and
Pacific region.
Some major players include Orange, Deutsche Telekom, Vodafone, Sierra Wireless,
T-Mobile, Athonet, Telensa, Orange, Telstra and PureSoftware.
LTE IoT Market Restraints:
• Expensive licensing cost
• Problems during installation
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LTE IoT Market Segmentation:
By Technology:
• NB-IoT
• LTE-M
By Service:
• Managed Services
• Professional Services
By Industry:
• Transportation and Logistics
• Manufacturing
• Energy and Utilities
• Agriculture
• Healthcare
By Region
• Europe
• North America
• Asia-Pacific
• Latin America
• Rest of World
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Futurewise Key Takeaways
• Growth Prospects
• SWOT Analysis
• Key Trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global LTE IoT market by
technology, service, industry, and region
• To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in five key regions (along with countries)—North
America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
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Country: United Kingdom
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