IoT is a collection of computers connected together to share information and resources. It is also referred to as Inter-Connection of Networks. Internet of things (IoT) basically connect all the things/devices/objects to the world of Internet. IoT has changed the concept of “connecting people” to “connecting Everything”. Cellular IoT Connectivity is defined as 2G, 3G, 4G and 5G IoT Connectivity. Those forms of connectivity are put into the context of a wider set of wide area network connectivity solutions in the IoT.
The technology evolution in cellular from 2G to 3G and 4G has delivered enormous spectral efficiency gains and much improved resource utilization with availability of greater peak data rates and lower latency. The IoT is playing a major role across a variety of vertical sectors, generating cost savings, new revenue streams and other benefits. Each IoT application needs a clear value proposition and business logic in line with the prevailing ecosystem, business models and value chains of the various stakeholders.
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In terms of global reach, cellular networks already cover 90% of the world’s population. Cellular networks have been developed and deployed over three decades, and they will be around for the foreseeable future. The cellular mobile industry represents a huge and matured ecosystem. Incorporation of chipset, device and network equipment vendors, operators, application providers, and many more are the factors responsible for the growth of the global market.
Cellular IoT Market is segmented By End Users into smart home, smart utilities, asset tracking, wearable’s, health, and security; also environmental, industrial, and agricultural monitoring and control. Smart utilities, health, industrial and security sectors will be a big market for cellular IoT during the period of 2014 to 2025, and are expected to grow at the highest CAGR during the same period.
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