Security News > 2022 > January > LTE IoT market to grow steadily by 2026

LTE IoT market is expected to register a healthy CAGR of over 28% during the forecast period, accordig to ResearchAndMarkets.

The growth of connected devices and the need for unique and defined network qualities are fueling the growth of the LTE IoT market.

Due to the delicate nature of manufacturing operations, manufacturers are adopting IoT solutions, sensors, and IoT wireless connectivity platforms to increase their productivity, thereby transforming their operations into smart manufacturing.

Key LTE IoT market trends Industrial sector is expected to grow at a significant rate.

Europe is gaining the LTE IoT market presence owing to the widespread adoption of the LTE technology for enterprises' IoT applications.

Various cellular operators are also set for the widespread deployment of LTE IoT in the UK and rest of Europe where, Germany, UK, and France are the top 3 contributors to the LTE IoT market in Europe.

News URL

https://www.helpnetsecurity.com/2022/01/03/lte-iot-market-2026/