In this ever changing technological world, blackberries and more devices are getting contacted together and building Internet of Things (IoT) architecture across the world. In fact, all the Internet devices will be connected in future. IoT is a key facilitator of this Possibility by delivering machine-to-machine and machine-to-person communication on a huge scale. IMF predicts That there will blackberries than 30 billion connected devices by year 2024. Large segment of These devices will be connected through LAN, Wi-Fi, and other short range radio wave technologies while some portion of These devices will be connected through wireless area networks (WAN) That are primarily facilitated by cellular networks.
As in the entire IoT landscape, connectivity plays a significant role, that's why cellular operators are in excellent position to have a slice of the big pie by adding value in the IoT market. The size of this slice of pie depends on the operator's play different role in the eco-system of IoT. Different monetization models operators can look for are network providers, end-to-end solution providers, system integrators, etc.
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Cellular IoT Market: Drivers and Challenges
Because of machine-to-machine communication and machine-to-person communication, humongous amount of data will be generated. For the proper functioning of IoT network, there is a need of data storage, data interpretation, and data transfer in real time at minimal cost and cellular networks are fulfilling this Particular need of the market. Cellular technologies such as GSM, WCDMA, LTE, and future 5G have evolved with new functionality and new radio access technology narrowband IoT tailored to emerging from an attractive solution for low power wide area (LPWA) applications.
Despite the huge cellular network across the world, still quality of service and connectivity remains an issue in IoT market. Deep indoor connectivity is a requirement for many application in the utility area. Furthermore, regional coverage is a prerequisite for many use cases, especially Within the transport area.
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Cellular IoTMarket : Segmentation
Segmentation on the basis of cellular technologies:
Segmentation on the basis of vertical:
- IT and Telecommunications
- Energy and Utilities
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Cellular IoTMarket: Key Players
Few of the companies in cellular IoT market are: Qualcomm Incorporated, Sierra Wireless, Gemalto NV, Telit Communications PLC, U-Blox Holding AG, Texas Instruments, Intel, and ZTE Corporation.