The report reexamines the cellular IoT market in detail, assessing market trends and factors shaping the evolution of this rapidly developing market. The report delivers comprehensive analysis of the strategic opportunities for operators and cellular IoT vendors, addressing strategies for key standards and regulations, market trends, and emerging technologies. It also includes an evaluation of the key country-level opportunities for cellular IoT growth.
Please note: the online download version of this report is for a global site license.
- 1. Key Trends & Strategic Recommendations
- 1.1 Key Takeaways
- 1.2 Strategic Recommendations
- 2. Market Outlook
- 2.1 Introduction
- Figure 2.1: Total Number of Cellular IoT Devices (m), 2023-2028
- 2.2 Key Cellular IoT Market Developments
- 2.2.1 Innovation in Thermoelectricity Powered IoT
- 2.2.2 Guidelines Developed for Single-Nanometre Magnetic Tunnel Junctions
- Figure 2.2: MTJ Structure
- 2.2.3 3GPP Release 18
- Figure 2.3: 3GPP Release Schedule for Release 18 and Release 19
- 2.2.4 3GPP Release 19
- 2.3 Key Networks for Cellular IoT
- Figure 2.4: Total Number of Cellular IoT Devices, Split by Network Technology (m), 2023 2028
- 2.3.1 4G LTE Networks
- Figure 2.5: Total Number of 4G Cellular IoT Devices (m), 2023-2028
- 2.3.2 5G Networks
- Figure 2.6: Total Number of 5G Cellular IoT Devices (m), Split by 8 Key Regions, 2023-2028
- Table 2.7: 5G Cellular IoT Use Cases
- 2.3.3 LPWA Networks
- Figure 2.8: Total Number of LPWA Connections (m), Split by 8 Key Regions, 2023-2028
- Figure 2.9 Cellular LPWA Network Launches Map, 2023
- i. NB-IoT
- ii. LTE-M
- Figure 2.10: Key LTE-M Use Cases
- 3. Key Monetisable Opportunities
- 3.1 Key Monetisable Opportunities in Cellular IoT
- 3.1.1 3GPP Releases RedCap
- Table 3.1: RedCap Capabilities
- 3.1.2 Digital Twins in Cellular IoT
- eSIMs and eUICC (Embedded Universal Integrated Circuit Card)
- i. GSMA Releases New eSIM Specification for Constrained IoT Devices
- Figure 3.2: New GSMA eSIM Architecture for IoT Devices
- 3.1.3 Federated Learning in Cellular IoT
- Figure 3.3: The Process of Federated Learning
- Table 3.4: Federated Learning Client Selection Methods
- 3.1.4 Satellite Connectivity
- Table 3.5: Key Satellite Categories for NTNs
- Figure 3.6: IoT Satellite Use Cases
- i. 3GPP Release 17 Satellite Network Specifications
- ii. 3GPP Release 18
- iii. CubeSat and Nanosatellites
- Table 3.7: Types of SmallSats
- Figure 3.8: CubeSat Units
- 3.1.5 System Integrators
- 3.1.6 Quantum-backed Security for Cellular IoT
- Figure 3.9: Graphical Representation of a Quantum Bit with a Bloch Sphere
- i. Quantum Cryptography for Cellular IoT
- ii. Integrating Quantum Security into IoT Management Platforms
- iii. Quantum-resistant Cryptography
- 4. Country Readiness Index
- 4.1 Cellular IoT Country Readiness Index
- Figure 4.1: Juniper Research’s 8 Key Regions
- Table 4.2: Cellular IoT: Country Readiness Index Scoring Criteria
- Figure 4.3: Juniper Research Cellular IoT Country Readiness Index
- 4.2 Regional Analysis
- 4.2.1 North America
- Figure 4.4: Total Number of Cellular IoT Devices (m), Split by Country, 2023-2028
- i. The US
- Figure 4.5: Total Operator Cellular IoT Revenue in the US ($m), 2023-2028
- 4.2.2 Latin America
- Figure 4.6: Total Revenue from Cellular IoT in Latin America ($m), 2023-2028
- 4.2.3 West Europe
- Figure 4.7: Total Number of Cellular IoT Devices in West Europe (m), Split by SIM Type, 2024
- 4.2.4 Central & East Europe
- Figure 4.8: Total Operator Revenue from Cellular IoT in Central & East Europe ($m), Split by Country, 2023-2028
- Figure 4.9: Total Number of Cellular IoT Devices in Central & East Europe (m), 2023-2028
- 4.2.5 Far East & China
- Figure 4.10: Total Operator Revenue from Cellular IoT Far East & China ($m), Split by 4 Key Countries, 2023-2028
- Figure 4.11: Total Number of 5G and LPWA Cellular IoT Devices in Far East & China (m), Split by 5G and LPWA Networks, 2023-2028
- i. China
- Figure 4.12: Total Number of Cellular IoT Devices in China (m), 2023-2028
- Figure 4.13: Total Operator Revenue from Cellular IoT in China ($m), 2023-2028
- 4.2.6 Indian Subcontinent
- Figure 4.14: Total Number of Cellular IoT Connections in Indian Subcontinent (m), Split by 4 key Countries 2023-2028
- Figure 4.15: Total Operator Revenue from Cellular IoT in Indian Subcontinent ($m), 2023 2028
- 4.2.7 Rest of Asia Pacific
- Figure 4.16: Total Number of Cellular IoT Devices in Rest of Asia Pacific (m), 2023-2028
- Figure 4.17: Total Operator Revenue from Cellular IoT in Rest of Asia Pacific ($m), 2023 2028
- 4.2.8 Africa & Middle East
- Figure 4.18: Total Cellular IoT Modules Shipped in Africa & Middle East (m), 2023-2028
- Figure 4.19: Total Number of LPWA Cellular IoT Devices (m), 2023-2028
- i. Saudi Arabia
- Figure 4.20: Total Number of Cellular IoT Devices in Saudi Arabia (m), 2023-2028
- Table 4.21: Cellular IoT Heatmap, North America
- Table 4.22: Cellular IoT Heatmap, Latin America
- Table 4.23: Cellular IoT Heatmap, West Europe
- Table 4.24: Cellular IoT Heatmap, Central & East Europe
- Table 4.25: Cellular IoT Heatmap, Far East & China
- Table 4.26: Cellular IoT Heatmap, Indian Subcontinent
- Table 4.27: Cellular IoT Heatmap, Rest of Asia Pacific
- Table 4.28: Cellular IoT Heatmap, Africa & Middle East
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook