Internet of Things (IoT) is supported by a number of wireless machine-to-machine or M2M technologies and cellular IoT is one of them. This technology has changed the concept of connecting humans to connecting everything where it provides connection, inter-working, and communication between things or physical devices by extending the present internet. Cellular IoT has evolved rapidly over the past couple of years from networks for basic wireless voice communication to having several complex broadband capacities. Cellular networks today are mainly designed for mobile devices and are customized toward video and voice calls and many other high data-rate application areas.
Cellular IoT includes following major technology types:
Cellular IoT includes following major technology types:
• Long Term Evolution for Machines LTE-M)
• NarrowBand LTE-M (NB-LTE-M)
• NarrowBand IoT (NB-IoT)
• 2G
• 3G
• 4G
• 5G
5G to Have the Fastest Growth due to High Bandwidth
2G was the largest technology segment in the past due to low-priced certifications and modem options; however, it is likely to lose ground over the next few years. This is because technologies and standards for IoT and M2M connections are evolving rapidly while offering more efficient and advanced cellular services. Other technologies like NB-IoT, NB-LTE-M, and LTE-M are predicted to be commercialized by the end of this year and are likely to grow rapidly in industrial applications.
On the other hand, the 5G technology is expected to be the fastest-growing technology type once it is available in the market. This is because it will cater to a host of different applications while offering high bandwidth for high-speed applications. ZTE Corp., one of the leading telecommunications equipment and systems companies, recently announced its plan of developing six new 5G services with China Mobile in the China Mobile Global Partners Conference of 2017. The company is focused on six major areas for their latest service offerings, which include IoT, mobile internet, smart home, big video, terminal services, and smart education.
Market Overview
According a research report by Grand View research, Inc.; the global cellular IoT market is anticipated to reach USD 9.65 billion by 2025 growing at a CAGR of 21.4% over the forecast period (2017 to 2025). Factors such as ubiquitous mobility, robust security, and resilient networks are the major functionalities that can drive the growth of this market. Mistbase Communication System; ZTE Corp.; Qualcomm Inc.; MediaTek Inc.; and Telit Communications PLC are some of the prominent vendors in the global market.
Read more at: https://www.grandviewresearch.com/industry-analysis/cellular-iot-market
Read more at: https://www.grandviewresearch.com/industry-analysis/cellular-iot-market
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