Cellular IoT Devices Market to Reach $44B by 2029, Driven by 5G Connectivity and Remote Monitoring Capabilities
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The global cellular IoT devices market is growing at a CAGR of 6.2% and is expected to reach $44.2 billion by 2029.
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The market benefits from ongoing cellular technology evolution, especially 5G, which enables enhanced connectivity.
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Key capabilities like remote monitoring, scalability, and low power design make cellular IoT devices suitable for diverse applications.
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The report provides detailed analysis of the market by value, volume, network type, device type, end-user, and region.
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It also covers competitive landscape including product positioning, market share, and profiles of major players like Ericsson, Nokia, Sierra Wireless, and Qualcomm.