Cellular IOT Market to Witness Rapid Surge During the Period 2018 to 2026 atulpmrJuly 4, 2021 12 According to a recent market report published by Persistence Market Research titled, ‘Cellular IoT Market – Global Industry Analysis 2013–2017 and Forecast 2018–2026’, the cellular IoT market was valued at US$ 1,145.2 Mn in 2017, and is expected to register a CAGR of 26.7% from 2018 to 2026. The increasing demand for connected devices across verticals and the implementation of advanced cellular technologies such as 5G, NB-IoT, LTE-M, and others are the major factors driving the growth of the cellular IoT market. Also, the launch of 3GPP-standards-based IoT networks and increase in smart city projects across the globe are the primary factors that are expected to boost the growth of the cellular IoT market.