LTE IoT Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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LTE IoT Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Technology & Media | PPT format

Report Digest


LTE IoT is gaining immense traction on account of its unmatched scalability for connecting multiple enterprise, industrial, and consumer IoT applications. LTE IoT facilitates enhanced communication and connection in a much more enhanced and secured way, which is a key factor leading to drastic transformations across industries.

LTE IoT is enabling a massive inflow of smart and connected devices, which would of great importance to new as well as existing services across various industries. LTE IoT is inducing radical transformation across multiple businesses and is also fuelling innovations for many more years to come. Significant benefits of LTE IoT over non-3GPP LPWA solutions also remains one of the key reasons bolstering its adoption across multiple end-use industries.

LTE IoT Market- Notable Highlights

  • In 2018, Vodafone in New Zealand announced the successful launch of two of its cellular IoT technologies, namely LTE-M and NB-IoT on the existent 4G network infrastructure of the country.
  • In 2018, Ericsson entered into a strategic partnership with Dialog Axiata Partners. This partnership was aimed at deploying the first-ever commercial IoT network that will support both NB-IoT and Cat-M1 technologies in the South Asian countries.

Some of the most prominent competitors operating in the competitive landscape of global LTE IoT market include –

  • Ericsson
  • NetNumber
  • Vodafone
  • Athonet
  • Link Labs
  • Telstra
  • Sequans Communications
  • Sierra Wireless
  • MediaTek
  • PureSoftware
  • Orange
  • Telus
  • T-Mobile
  • Actility
  • Telensa

LTE IoT Market- Consistent End-User Demand for Professional Services Boosts Market Players’ Profit

Demand for professional services by end-users during or after implementation of LTE IoT technologies, including NB-IoT and LTE-M is on a significant rise, creating sustained opportunities for vendors in the LTE IoT market. These professional services, ranging from design & implementation to support & maintenance, will enable the market players to reap sizeable profits.

Professional services remain a key sales influencer of the LTE IoT market, as it is highly imperative for the end-users to analyze feasibility and competency of LTE IoT. In order to capitalize on the aforementioned, vendors operating in the LTE IoT market are employing security experts, productive consultants, and dedicated teams with a robust know-how vis-à-vis design & delivery of software, tools and services.  

LTE IoT Market- Demand for LTE IoT from Manufacturing Industry to Surge, Optimizing Productivity Remains the Key Driving Factor

The manufacturing landscape has witnessed some colossal transformations and reformations on account of incessant advancements in technologies, including automated production and robotics. Owing to the complexities involved, manufacturers are actively embracing IoT and associated platforms, in order to have a production ramp-up.

With the evolution of manufacturing as a self-manageable and intelligent ecosystem, manufacturers are vying to have smart and sustainable production with satisfactory results. This, in turn, is creating favorable circumstances for the growth of LTE IoT market. Moreover, growing demand to have productive connectivity across manufacturing ecosystems, in order to address issues related to autonomous production and predictive maintenance, is favoring growth of LTE IoT market.  

LTE IoT Market- Competency in Terms of Boosting Efficiency: A Key USP

Apart from traditional makers of smartphones, routers, and tablets, adoption of LTE-enabled IoT is also gaining traction in case of non-traditional device maker. LTE IoT facilitates connecting niche devices, the devices that have never been connected, to Internet. These devices are being widely-acknowledged across multiple end-use verticals, including security, healthcare, retail, advertising, energy, transportation, agriculture, and others, owing to their role in boosting the overall efficiency.

LTE IoT Market Segmentation

On the basis of technology, the segmentation of LTE IoT market is

  • NB-IoT
  • LTE-M

On the basis of service, the segmentation of LTE IoT market is

  • Managed services
  • Professional services

On the basis of Industry, the segmentation of LTE IoT market is

  • Transportation and logistics
  • Healthcare
  • Agriculture
  • Manufacturing
  • Energy and utilities

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.