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IoT News - Number of connected IoT devices growing 9% to 12 3 billion globally, cellular IoT now surpassing 2 billion
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2021 Report on IoT in China - Analysis of the leading IoT Market Worldwide - ResearchAndMarkets com
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5G hesitancy found among European businesses An interesting piece of research from IDC, which was sponsored by Sierra Wireless, has found that 5G adoption is being purposely delayed by European network strategy decision makers (NSDMs).
The survey found that 68% of Western European organisations do not currently have 5G as a part of their cellular or mobile network services infrastructure, while a quarter are not currently interested and do not have plans to move to 5G.
It appears that many are satisfied with their current network infrastructure while budget concerns are another key reason for their decision to hold back. Nearly half said they had given 5G consideration but decided against adoption Just 1% of Western European organisations currently have more than half their cellular infrastructure based on 5G.
DevBoard Watch: Digi LoRaWAN Starter Kit
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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.