Cellular IoT Device Market Forecast to More Than Double by 2029, Reaching $44 Billion on 5G and Remote Monitoring Growth
• Global Cellular IoT Devices Market valued at $18.73 billion in 2022, forecast to reach $44.2 billion by 2029 with 14.3% CAGR
• Market analyzed by value, volume, network type, device type, end-user, and region from 2019-2029
• Key drivers include evolution of cellular technologies like 5G, remote monitoring/control capabilities, and scalability across diverse use cases
• Competitive landscape tracked including mergers & acquisitions, new product developments, market share, and positioning of major players
• Applications span industries like agriculture, logistics, smart cities; consumer wearables and smart appliances also key segments