📣 Latest research: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗲𝗹𝗹𝘂𝗹𝗮𝗿 𝗜𝗼𝗧 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗖𝗿𝗼𝘀𝘀 𝟲𝗕𝗻 𝗶𝗻 𝟮𝟬𝟯𝟬. Global cellular IoT connections grew 29% YoY to reach 2.7 billion in 2022 with 4G continuing to grow its majority share.
#China held more than two-thirds of total
#cellular IoT connections in 2022, followed by
#Europe and
#NorthAmerica. NB-IoT dominates in China, while LTE-M is preferred in
#Australia,
#Japan and North America; Europe supports both.
4G and
#NBIoT are the most preferred technologies for cellular IoT applications.
#5G is nascent as module prices and breadth of applications reflect early-stage dynamics.
IoT growth drivers are shifting, with the
#enterprise and
#transformation initiatives key in propelling
#IoT #connections forward.
Our Research Vice President
@neiltwitz adds, "Over the past year, the cellular IoT industry has witnessed many consolidations, including
@telit’s acquisition of
@thalesgroup's cellular IoT business,
@SemtechCorp’s acquisition of
@SierraWireless, and
@AerisM2M’s acquisition of
@Ericsson’s IoT accelerator and connected vehicle cloud business. As the cellular IoT module market continues to mature, we can expect more consolidations aimed at providing improved solutions and maintaining competitiveness against other non-cellular connectivity technologies.”
Read the full blog from
@AnalystSoumen here:
counterpointresearch.com/glo…
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#internetofthings #technology #research #growth #industry #4G #telecoms #technews #cloud #communications