Home / Market Reports / Internet & Communication / Global Long-Term Evolution (LTE) Internet of Things (IoT) Market Growth (Status and Outlook) 2023-2029

Global Long-Term Evolution (LTE) Internet of Things (IoT) Market Growth (Status and Outlook) 2023-2029

Global Long-Term Evolution (LTE) Internet of Things (IoT) Market Growth (Status and Outlook) 2023-2029

Product Code:572642

Published Date: Sep 06,2023

Pages: 110

Region: Global

Category: Internet & Communication

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According to our (LP Info Research) latest study, the global Long-Term Evolution (LTE) Internet of Things (IoT) market size was valued at US$ million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Long-Term Evolution (LTE) Internet of Things (IoT) is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during review period.

The research report highlights the growth potential of the global Long-Term Evolution (LTE) Internet of Things (IoT) market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Long-Term Evolution (LTE) Internet of Things (IoT) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Long-Term Evolution (LTE) Internet of Things (IoT). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Long-Term Evolution (LTE) Internet of Things (IoT) market.

Narrowband IoT (NB-IoT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and services. NB-IoT uses a subset of the LTE standard, but limits the bandwidth to a single narrow-band of 200kHz.

According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

Key Features:
The report on Long-Term Evolution (LTE) Internet of Things (IoT) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Long-Term Evolution (LTE) Internet of Things (IoT) market. It may include historical data, market segmentation by Type (e.g., NB-IoT, LTE-M), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Long-Term Evolution (LTE) Internet of Things (IoT) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Long-Term Evolution (LTE) Internet of Things (IoT) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Long-Term Evolution (LTE) Internet of Things (IoT) industry. This include advancements in Long-Term Evolution (LTE) Internet of Things (IoT) technology, Long-Term Evolution (LTE) Internet of Things (IoT) new entrants, Long-Term Evolution (LTE) Internet of Things (IoT) new investment, and other innovations that are shaping the future of Long-Term Evolution (LTE) Internet of Things (IoT).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Long-Term Evolution (LTE) Internet of Things (IoT) market. It includes factors influencing customer ' purchasing decisions, preferences for Long-Term Evolution (LTE) Internet of Things (IoT) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Long-Term Evolution (LTE) Internet of Things (IoT) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Long-Term Evolution (LTE) Internet of Things (IoT) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Long-Term Evolution (LTE) Internet of Things (IoT) market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Long-Term Evolution (LTE) Internet of Things (IoT) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Long-Term Evolution (LTE) Internet of Things (IoT) market.

Market Segmentation:
Long-Term Evolution (LTE) Internet of Things (IoT) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
    NB-IoT
    LTE-M

Segmentation by application
    Manufacturing
    Energy and Utilities
    Transportation and Logistics
    Healthcare
    Agriculture

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Ericsson
    Vodafone
    Telstra
    Sierra Wireless
    PureSoftware
    Sequans Communications
    Orange
    T-Mobile
    Telus
    MediaTek
    Athonet
    NetNumber
    Telensa
    Actility
    Link Labs