Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Editor's Pick

IoT Cellular Connections Continue Its Double-Digit Growth, Despite Global Uncertainties

North America and Asia Pacific are Expected to Achieve the Highest CAGR.

Strategy Analytics latest report on IoT Cellular Connections forecasts a double-digit compound annual growth rate (CAGR) of 14% during 2022-2030.

According to Waseem Haider, Principal Analyst, Enterprise IoT at Strategy Analytics and author of the report “IoT Cellular Connections by Air Interface by Region: 2022-2030 Forecast Update”:
“the latest forecast update looks at the historical data as far as 2013 and forecasts IoT connections by Air Interface technology (2G, 3G, 4G, 5G) and by region (Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Caribbean & Latin America and Middle East & Africa). Over the forecast period, North America and Asia-Pacific are expected to achieve the highest compound annual growth rate (CAGR) of 16% and 14% respectively.”

Between 2022-2030, the mix by technology will change with 5G making strong in-roads replacing 4G connections, from 4G comprising 71% of connections in 2022, to only 49% in 2030. Although, we expect an y-o-y decline in IoT cellular connections in 2022 due to Covid-19 lockdown in China, chip shortage/supply chain disruption and geopolitical conflicts. The overall IoT cellular connections will grow at 14% throughout the forecast period.

The outlook for the IoT cellular connections is clear: 4G will continue to dominate overall, driven by 2G replacements, especially in China, but also elsewhere. 3G phases out with most connections moving to 4G. We expect 5G to reach 47% of the connections mix by 2030, while 4G will remain the dominant technology at 49%.

Gina Luk, Director of Enterprise Research at Strategy Analytics, elaborated:

“The adoption of 5G will likely happen in different stages, with eMBB reaching mass adoption first, uRLLC gaining traction soon afterward, and mMTC showing the longest tail.”

“Adoption will be determined by the availability of 5G chipsets, the speed and coverage of 5G network, and as well as the evolution of regulations. The engine for driving 5G forward for fast growth and rapid adoption is its radio access technology, referred to as New Radio (NR). One recent example is NR support for reduced capability (RedCap) devices which can facilitate the expansion of the NR device ecosystem to cater to use cases include wearables (e.g., smart watches, wearable medical devices, AR/VR goggles, etc.), industrial sensors, and video surveillance, as these are not yet best served by the current NR specifications.”

The post IoT Cellular Connections Continue Its Double-Digit Growth, Despite Global Uncertainties appeared first on IoT Business News.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...


    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023