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LTE IoT Market by Technology (NB-IoT and LTE-M), Service (Professional Services and Managed Services), Industry (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare, and Agriculture), and Region - Global Forecast to 2023

LTE IoT Market by Technology (NB-IoT and LTE-M), Service (Professional Services and Managed Services), Industry (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare, and Agriculture), and Region - Global Forecast to 2023

The global LTE IoT market size to grow at a CAGR of 28.4% during the forecast period
The Long-Term Evolution (LTE) Internet of Things (IoT) market size is expected to grow from USD 800 million in 2018 to USD 2800 million by 2023, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period. The growth of connected devices, and the need for unique and defined network qualities are the major growth factors for the LTE IoT market. However, operational downtime due to network infrastructure deployment could restrain the market growth.

Managed services segment to grow at a higher CAGR during the forecast period
Managed service providers operating in this market deliver their expertise in managing various operating activities (including infrastructure management, security operations, and cloud operations) to clients, enabling them to launch various Machine-to-Machine (M2M) offerings rapidly, at a variable cost. With global coverage, the managed service provider offers customers comprehensive and cost-effective solutions. These managed service providers leverage partnerships with prime satellite and mobile networks to offer high-end managed services to application providers, system integrators, and end-user clients.

Europe to hold the largest market size and APAC to grow at the highest CAGR during the forecast period
Europe is leading the LTE IoT market due to the widespread adoption of the LTE technology for enterprises’ IoT applications. The region is leading in terms of LTE IoT coverage area. Huawei and Vodafone opened an open lab in Newbury, UK, for R&D of LTE IoT technologies and applications. The stage has been set for the widespread deployment of LTE IoT by cellular operators in the UK and rest of Europe. Various pre-commercial trials and plots have been deployed by Mobile Network Operators (MNOs) across Europe
.
APAC has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market for telecom service providers. APAC is expected to grow at the highest CAGR during the forecast period in the LTE IoT market. APAC includes countries such as Australia, New Zealand, Japan, and Singapore, who act as the early adopters of smart technology. In addition, these countries possess developed technological infrastructure, which promotes increasing adoption of telecom services and applications in this region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the LTE IoT marketplace.

By Company Type: Tier 1: 70%, Tier 2: 25%, and Tier 3: 5%
By Designation: C-level executives: 45%, Directors: 35%, and Others: 20%
By Region: North America: 17%, Europe: 42%, APAC: 25%, Latin America: 8%, and MEA: 8%

Major vendors in the LTE IoT market include Ericsson (Sweden), Vodafone (UK), Telstra (Australia), Sierra Wireless (Canada), PureSoftware (India), Sequans Communications (France), Orange (France), T-Mobile (US), Telus (US), MediaTek (Sweden), Athonet (Italy), NetNumber (US), Telensa (UK), Actility (France), and Link Labs (US).

Research Coverage:
The report includes an in-depth competitive analysis of key players in the global LTE IoT market, along with their company profiles, recent developments, and key market strategies. The report segments the global LTE IoT market by technology (LTE-M and NB-IoT), service, industry, and region.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in the LTE IoT market with information on the closest approximations of the revenue numbers for the overall LTE IoT market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • LTE IOT: MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET FORECAST
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table LTE IOT MARKET SIZE AND GROWTH RATE, 2016-2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE LTE IOT MARKET
    • LTE IOT MARKET: TOP 3 INDUSTRIES AND REGIONS
    • LTE IOT MARKET, BY REGION
    • LTE IOT MARKET: INVESTMENT SCENARIO
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • CHINA MOBILE
      • TELEFONICA
      • T-MOBILE
      • COSMOTE
      • TELIA
  • LTE IOT MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
    • LTE-M
      • GROWING NEED FOR MANAGING HIGH-LEVEL IOT APPLICATIONS IN REAL TIME TO DRIVE THE GROWTH OF LTE-M TECHNOLOGY
        • Table LTE-M: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NB-IOT
      • NEED FOR MANAGING HIGHER NUMBER OF APPLICATIONS AT A LOWER COST TO DRIVE THE GROWTH OF NB-IOT TECHNOLOGY
        • Table NB-IOT: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • LTE IOT MARKET, BY SERVICE
    • INTRODUCTION
      • Table LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
    • PROFESSIONAL SERVICES
      • INCREASING DEMAND FOR LTE IOT TECHNOLOGIES EXPECTED TO FUEL THE GROWTH OF PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MANAGED SERVICES
      • NEED FOR EXPERTISE DURING INTEGRATION OF TWO DIFFERENT TECHNOLOGIES ON THE SAME PLATFORM TO GENERATE THE DEMAND FOR MANAGED SERVICES
        • Table MANAGED SERVICES: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • LTE IOT MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table MANUFACTURING: LTE IOT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ASSET TRACKING AND MANAGEMENT
        • Table ASSET TRACKING AND MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • PREDICTIVE MAINTENANCE
        • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • INVENTORY MANAGEMENT
        • Table INVENTORY MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • EMERGENCY AND INCIDENT MANAGEMENT
        • Table EMERGENCY AND INCIDENT MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • OTHERS
        • Table OTHERS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table ENERGY AND UTILITIES: LTE IOT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • OIL AND GAS MANAGEMENT
        • Table OIL AND GAS MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • ELECTRICITY GRID MANAGEMENT
        • Table ELECTRICITY GRID MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • WATER AND WASTEWATER MANAGEMENT
        • Table WATER AND WASTEWATER MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • Table TRANSPORTATION AND LOGISTICS: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table TRANSPORTATION AND LOGISTICS: LTE IOT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REMOTE MONITORING
        • Table REMOTE MONITORING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • SECURITY AND SURVEILLANCE
        • Table SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • SMART PARKING
        • Table SMART PARKING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • SUPPLY CHAIN MANAGEMENT
        • Table SUPPLY CHAIN MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • HEALTHCARE
      • INCREASING ADOPTION OF MONITORING DEVICES TO FUEL THE DEMAND FOR LTE IOT TECHNOLOGIES IN HEALTHCARE INDUSTRY
        • Table HEALTHCARE: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • AGRICULTURE
      • INCREASING ADOPTION ON SENSORS AND IOT DEVICES IN AGRICULTURE TO DRIVE THE DEMAND FOR LTE IOT TECHNOLOGIES
        • Table AGRICULTURE: LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • LTE IOT MARKET, BY REGION
    • INTRODUCTION
      • Table LTE IOT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY MANUFACTURING APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY ENERGY AND UTILITIES APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY TRANSPORTATION AND LOGISTICS APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: LTE IOT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY MANUFACTURING APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY ENERGY AND UTILITIES APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY TRANSPORTATION AND LOGISTICS APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE: LTE IOT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY MANUFACTURING APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY ENERGY AND UTILITIES APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY TRANSPORTATION AND LOGISTICS APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: LTE IOT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • AUSTRALIA
      • CHINA
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY MANUFACTURING APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY ENERGY AND UTILITIES APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY TRANSPORTATION AND LOGISTICS APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: LTE IOT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • UNITED ARAB EMIRATES
      • SOUTH AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY TECHNOLOGY, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY MANUFACTURING APPLICATION, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY ENERGY AND UTILITIES APPLICATION, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY TRANSPORTATION AND LOGISTICS APPLICATION, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: LTE IOT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • BRAZIL
      • MEXICO
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES AND ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND ENHANCEMENTS, 2018
      • PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
        • Table PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2016-2018
  • COMPANY PROFILES
    • ERICSSON
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • VODAFONE GROUP
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TELSTRA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SIERRA WIRELESS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PURESOFTWARE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • SEQUANS COMMUNICATIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ORANGE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS: ORANGE
      • MNM VIEW
    • T MOBILE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TELUS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MEDIATEK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ATHONET
    • NETNUMBER
    • TELENSA
    • ACTILITY
    • LINK LABS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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