LTE IoT Market Size, Industry Analysis & Forecast 2032

LTE IoT Market

LTE IoT Market By Technology (NB-IoT and LTE-M), By Service (Professional Services and Managed Services), By Industry (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare, and Agriculture), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032

Category: Technology & Media Report Format : PDF Pages: 210 Report Code: ZMR-6215 Published Date: Sep-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 20.43 Billion USD 49.37 Billion 10.3% 2023

Table Of Content

  • Chapter No. 1. Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2. Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technology
        • 2.1.1.2. Market Attractiveness Analysis, By Service
        • 2.1.1.3. Market Attractiveness Analysis, By Industry
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global LTE IoT Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3. COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4. LTE IoT Market – Technology Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technology, 2020 & 2028
    • 4.2. NB-IoT
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. LTE-M
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5. LTE IoT Market – Service Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Service, 2020 & 2028
    • 5.2. Professional Services
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Managed Services
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6. LTE IoT Market – Industry Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Industry, 2020 & 2028
    • 6.2. Manufacturing
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Energy and Utilities
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Transportation and Logistics
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Healthcare
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Agriculture
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7. LTE IoT Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Technology, 2020 – 2028
      • 7.2.3. North America Market Revenue, By Service, 2020 – 2028
      • 7.2.4. North America Market Revenue, By Industry, 2020 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Technology, 2020 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Service, 2020 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Industry, 2020 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Technology, 2020 – 2028
        • 7.2.6.2. Canada Market Revenue, By Service, 2020 – 2028
        • 7.2.6.3. Canada Market Revenue, By Industry, 2020 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Technology, 2020 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Service, 2020 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Industry, 2020 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Technology, 2020 – 2028
      • 7.3.3. Europe Market Revenue, By Service, 2020 – 2028
      • 7.3.4. Europe Market Revenue, By Industry, 2020 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Technology, 2020 – 2028
        • 7.3.5.2. Germany Market Revenue, By Service, 2020 – 2028
        • 7.3.5.3. Germany Market Revenue, By Industry, 2020 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Technology, 2020 – 2028
        • 7.3.6.2. France Market Revenue, By Service, 2020 – 2028
        • 7.3.6.3. France Market Revenue, By Industry, 2020 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Technology, 2020 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Service, 2020 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Industry, 2020 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Technology, 2020 – 2028
        • 7.3.8.2. Italy Market Revenue, By Service, 2020 – 2028
        • 7.3.8.3. Italy Market Revenue, By Industry, 2020 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Technology, 2020 – 2028
        • 7.3.9.2. Spain Market Revenue, By Service, 2020 – 2028
        • 7.3.9.3. Spain Market Revenue, By Industry, 2020 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Technology, 2020 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Service, 2020 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Industry, 2020 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Technology, 2020 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Service, 2020 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Industry, 2020 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Technology, 2020 – 2028
        • 7.4.5.2. China Market Revenue, By Service, 2020 – 2028
        • 7.4.5.3. China Market Revenue, By Industry, 2020 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Technology, 2020 – 2028
        • 7.4.6.2. Japan Market Revenue, By Service, 2020 – 2028
        • 7.4.6.3. Japan Market Revenue, By Industry, 2020 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Technology, 2020 – 2028
        • 7.4.7.2. India Market Revenue, By Service, 2020 – 2028
        • 7.4.7.3. India Market Revenue, By Industry, 2020 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Technology, 2020 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Service, 2020 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Industry, 2020 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Technology, 2020 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Service, 2020 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Industry, 2020 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Technology, 2020 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Service, 2020 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Industry, 2020 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Technology, 2020 – 2028
      • 7.5.3. Latin America Market Revenue, By Service, 2020 – 2028
      • 7.5.4. Latin America Market Revenue, By Industry, 2020 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Technology, 2020 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Service, 2020 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Industry, 2020 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Technology, 2020 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Service, 2020 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Industry, 2020 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Technology, 2020 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Service, 2020 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Industry, 2020 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Technology, 2020 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Service, 2020 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Industry, 2020 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Technology, 2020 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Service, 2020 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Industry, 2020 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Technology, 2020 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Service, 2020 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Industry, 2020 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Technology, 2020 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Service, 2020 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Industry, 2020 – 2028
  • Chapter No. 8. LTE IoT Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9. Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global LTE IoT Market: Company Market Share, 2019
      • 9.1.2. Global LTE IoT Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global LTE IoT Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global LTE IoT Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10. Company Profiles
    • 10.1. Ericsson
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Vodafone
    • 10.3. Telstra
    • 10.4. Sierra Wireless
    • 10.5. PureSoftware
    • 10.6. Sequans Communications
    • 10.7. Orange
    • 10.8. T-Mobile
    • 10.9. Telus
    • 10.10. MediaTek
    • 10.11. Athonet
    • 10.12. NetNumber
    • 10.13. Telensa
    • 10.14. Actility
    • 10.15. Link Labs
  • Chapter No. 11. Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12. Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Technology
FIG NO. 2. Market Attractiveness Analysis, By Service
FIG NO. 3. Market Attractiveness Analysis, By Industry
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global LTE IoT Market Revenue, 2020 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 8. Global LTE IoT Market for NB-IoT , Revenue (USD Million) 2020 – 2028
FIG NO. 9. Comparative Revenue Analysis of LTE IoT Market for NB-IoT , By Country, 2020 & 2028
FIG NO. 10. Global LTE IoT Market for LTE-M, Revenue (USD Million) 2020 – 2028
FIG NO. 11. Comparative Revenue Analysis of LTE IoT Market for LTE-M, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Service, 2020 & 2028
FIG NO. 13. Global LTE IoT Market for Professional Services, Revenue (USD Million) 2020 – 2028
FIG NO. 14. Comparative Revenue Analysis of LTE IoT Market for Professional Services, By Country, 2020 & 2028
FIG NO. 15. Global LTE IoT Market for Managed Services, Revenue (USD Million) 2020 – 2028
FIG NO. 16. Comparative Revenue Analysis of LTE IoT Market for Managed Services, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Industry, 2020 & 2028
FIG NO. 18. Global LTE IoT Market for Manufacturing, Revenue (USD Million) 2020 – 2028
FIG NO. 19. Comparative Revenue Analysis of LTE IoT Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 20. Global LTE IoT Market for Energy and Utilities, Revenue (USD Million) 2020 – 2028
FIG NO. 21. Comparative Revenue Analysis of LTE IoT Market for Energy and Utilities, By Country, 2020 & 2028
FIG NO. 22. Global LTE IoT Market for Transportation and Logistics, Revenue (USD Million) 2020 – 2028
FIG NO. 23. Comparative Revenue Analysis of LTE IoT Market for Transportation and Logistics, By Country, 2020 & 2028
FIG NO. 24. Global LTE IoT Market for Healthcare, Revenue (USD Million) 2020 – 2028
FIG NO. 25. Comparative Revenue Analysis of LTE IoT Market for Healthcare, By Country, 2020 & 2028
FIG NO. 26. Global LTE IoT Market for Agriculture, Revenue (USD Million) 2020 – 2028
FIG NO. 27. Comparative Revenue Analysis of LTE IoT Market for Agriculture, By Country, 2020 & 2028
FIG NO. 28. Global LTE IoT Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America LTE IoT Market Revenue, 2020 - 2028 (USD Million)
FIG NO. 30. Porter’s Five Forces Analysis for Global LTE IoT Market
FIG NO. 31. PEST Analysis for Global LTE IoT Market
FIG NO. 32. Pricing Analysis for Global LTE IoT Market
FIG NO. 33. Value Chain Analysis for Global LTE IoT Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. Ericsson Business Segment Revenue Share, 2020 (%)
FIG NO. 38. Ericsson Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology


Table Of Tables

List of Tables

TABLE NO. 1. Global LTE IoT Market: Snapshot
TABLE NO. 2. Quarterly LTE IoT Market Revenue by Region, 2020
TABLE NO. 3. Quarterly LTE IoT Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global LTE IoT Market for NB-IoT , by Region, 2020 – 2028 (USD Million)
TABLE NO. 7. Global LTE IoT Market for LTE-M, by Region, 2020 – 2028 (USD Million)
TABLE NO. 8. Global LTE IoT Market for Professional Services, by Region, 2020 – 2028 (USD Million)
TABLE NO. 9. Global LTE IoT Market for Managed Services, by Region, 2020 – 2028 (USD Million)
TABLE NO. 10. Global LTE IoT Market for Manufacturing, by Region, 2020 – 2028 (USD Million)
TABLE NO. 11. Global LTE IoT Market for Energy and Utilities, by Region, 2020 – 2028 (USD Million)
TABLE NO. 12. Global LTE IoT Market for Transportation and Logistics, by Region, 2020 – 2028 (USD Million)
TABLE NO. 13. Global LTE IoT Market for Healthcare, by Region, 2020 – 2028 (USD Million)
TABLE NO. 14. Global LTE IoT Market for Agriculture, by Region, 2020 – 2028 (USD Million)
TABLE NO. 15. Global LTE IoT Market Revenue, By Region, 2020 – 2028 (USD Million)
TABLE NO. 16. North America LTE IoT Market Revenue, By Country, 2020 – 2028 (USD Million)
TABLE NO. 17. North America LTE IoT Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 18. North America LTE IoT Market Revenue, By Service, 2020 – 2028 (USD Million)
TABLE NO. 19. North America LTE IoT Market Revenue, By Industry, 2020 – 2028 (USD Million)
TABLE NO. 20. U.S. LTE IoT Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 21. U.S. LTE IoT Market Revenue, By Service, 2020 – 2028 (USD Million)
TABLE NO. 22. U.S. LTE IoT Market Revenue, By Industry, 2020 – 2028 (USD Million)
TABLE NO. 23. Canada LTE IoT Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 24. Canada LTE IoT Market Revenue, By Service, 2020 – 2028 (USD Million)
TABLE NO. 25. Canada LTE IoT Market Revenue, By Industry, 2020 – 2028 (USD Million)
TABLE NO. 26. Mexico LTE IoT Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 27. Mexico LTE IoT Market Revenue, By Service, 2020 – 2028 (USD Million)
TABLE NO. 28. Mexico LTE IoT Market Revenue, By Industry, 2020 – 2028 (USD Million)
TABLE NO. 29. Drivers for the LTE IoT Market: Impact Analysis
TABLE NO. 30. Restraints for the LTE IoT Market: Impact Analysis
TABLE NO. 31. Major Buyers of LTE IoT
TABLE NO. 32. Distributors/Traders List of LTE IoT
TABLE NO. 33. Global LTE IoT Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 34. Global LTE IoT Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

Methodology

FrequentlyAsked Questions

According to a study, the global LTE IoT market size was worth around USD 20.43 billion in 2023 and is expected to reach USD 49.37 billion by 2032.

The global LTE IoT market is expected to grow at a CAGR of 10.3% during the forecast period.

Some of the key factors driving the global LTE IoT market growth are driven by the rising adoption of telco cloud, growing data consumption, increasing adoption of smart devices at a peak rate, and reduced cost of IoT components with evolving wireless technology, such as 5G and NB-IoT.

Europe region is expected to dominate the LTE IoT market over the forecast period.

Some of the major companies operating in the LTE IoT market are Ericsson (Sweden), Vodafone (UK), Telstra (Australia), Sierra Wireless (Canada), PureSoftware (India), Sequans Communications (France), Orange (France), T-Mobile (US), Telus (US), MediaTek (Sweden), Athonet (Italy), NetNumber (US), Telensa (UK), Actility (France), and Link Labs (US).

 

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