LTE IoT Market Introduction 

Global LTE IoT market is anticipated to value over USD 3 billion by 2027 end and grow at a CAGR of over 28% during the forecast period 2020 to 2027. 
IoT is a new age technology which is mostly utilized for data transfer and network security. Multiple areas like Navigation, Professional services and telematics use the LTE IoT service vastly. It provides better network at lower cost alongside data integrity, extended coverage and easy deployment. The manufacturing industry is using LTE-IoT technology like the wireless connection to expand their market. This has projected positive growth on the market. It’s used in the form of event detectors and smart garbage bins. By technology the market is segmented into LTE-M, and NB-IoT. With the help of satellites, it offers utmost service to end-user applicants.
The rise in demand for low cost and affordable connectivity has led to more installation of NB IoT which has boosted the growth of the market. Rise of cloud technology and the adoption of smart devices have projected further growth of the market. Increase demand for logistics and asset tracking is also driving the growth of the market. Furthermore, rising demand for smart bicycle and temperature sensing device is fueling the growth of the market. However, the licensing costs of LTE IoT are expensive which will diminish the growth of the market. Also, difficulties in the installation are predicted to restrain the growth of the market. Europe holds the majority of the share of the market. North America follows 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. 

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  

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  
• APAC  
• Latin America 
• Rest of World  

Competitive Landscape:  

• Tier 1 players- established companies in the market with the major market share  
• Tier 2 players 
• Emerging players which are growing rapidly 
• New Entrants   

Future Wise Takeaways  

• Growth prospects  
• SWOT analysis 
• Key trends 
• Key data points affecting market growth