In the emerging sector of the Internet of things, Cellular IoT is an up-and-coming sub-application. The evolution of technology and movement towards digitization has driven the growth of the IoT sector. Like all other sectors of IoT, cellular IoT is also set for growth. The use of cellular IoT is increasing in both industrial as well as domestic sectors. However, the implementation of cellular IoT in the industrial segment has increased beyond its previous projections. The recent pandemic may have been a contributing factor in this. The shortage of manpower during the pandemic and post-pandemic phase drives the growth of the cellular IoT sector.
The importance of manpower has not gone down in the industrial sector. However, hiring and employing humans is more expensive than employing devices for the same purpose. Devices, especially in the IoT sector, are more intelligent than ever. The ease of mobility for cellular IoT devices coupled with accessibility to create a better workforce for industries. Many companies are redirecting certain tasks to IoT robots and devices to reduce the risk of contamination. The adoption of cellular IoT also makes the work process smoother in major companies. Maintenance costs of such devices are lower than that of the manual workforce. The hiring of men in the workforce is a lengthy and complicated process. However, the induction of cellular IoT devices into the industrial workforce can happen in bulk and in one go.
Thus, cellular devices with IoT enabled intelligent programs to make industrial processes simpler and easier. Moreover, the advancement of the telecommunication sector and adoption of 5G bandwidth induce the growth of cellular IoT devices. The telecommunication and data bandwidth has broadened from 2G to 5G. This gives extra room to industries and companies for using cellular IoT devices in a feasible manner. The companies can now experiment within the bandwidth and use the IoT devices that suit requirements of utility, economic feasibility, and maximum productivity. Cellular IoT devices are not just replacing the manual workforce but are working alongside men to increase productivity.
Another factor for the growth of the industrial-scale cellular IoT sector is the diversification of applications. The cellular IoT sector continues to explore its applications and has around a thousand ways of implementation at the industrial level. This development serves as an opportunity for the close association of the cellular IoT sector with the industries. The rise of automation and increased dependence on robotic applications create opportunities for growth for the cellular IoT sector. Many ongoing hybrid projects are maturing, which pushes the sector towards collective growth. Some of the common applications of Cellular IoT adopted by industries are asset tracking services, automotive applications, etc.
In the year 2020, when every other sector was looking at decline, the cellular IoT sector sold 250 million units worldwide. The adoption of cellular IoT helped industries in tiding over the pandemic’s worst phase. Now that the worst of a pandemic is behind us, market insiders believe the cellular IoT sector is all set for massive growth in its prime years. The key players of the cellular IoT sector have identified multiple opportune deployment areas for the devices. One can only expect strong trends of growth in the sector in the forecast.
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