IoT News – Cellular IoT connections will reach 3.5 billion by 2030

4G continues to dominate, the growth of IoT 5G will be gradual.

According to the latest research from Strategy Analytics, 5G accounted for less than 1% of IoT connections in 2020 but will reach 40% of all global connections by 2030, as highlighted in its latest IoT Market Analysis and Forecast report.

The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology during the forecast period.

The year 2020 saw slower-than-expected growth due to the Covid-19 pandemic, with a slight increase in global connections. Strategy Analytics expects similar connection growth rates in 2021, with the pandemic highlighting the need to invest in telehealth, particularly remote patient monitoring and diagnostics.

Andrew Brown, Executive Director of Business and IoT Research at Strategy Analytics, said:

“5G adoption is likely to occur at different stages in larger markets, with eMBB (Enhanced Mobile Broadband) reaching mass adoption first, uRLLC (Ultra-Reliable, Low-Latency Communication) gaining little. long after, and mMTC (Massive Machine Type Communication)) showing the longest tail. “

“Adoption will be determined not only by application needs, but also by the availability of 5G chipsets, the speed and coverage of 5G network deployments, as well as changing regulations. Even with the development of 5G, 4G will continue to coexist, provide extensive coverage at a lower cost, and remain very important in IoT. “

Strategy Analysis Chart: Mix of Cellular IoT Connections 2020-2030

David Kerr, senior vice president of global wireless practice at Strategy Analytics, added:
“The tipping point for 5G in IoT occurs when support for mMTC, lower hardware prices and extended network coverage, sees NB IoT and Cat M integrated into 5G standards and devices. For this reason, we believe the shift to 5G in IoT will be gradual, rather than a drastic change. “

More details on the report here.

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