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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