Cellular IoT Connections To Reach 3.5 Billion By 2030: Strategy Analytics

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  • The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology over the forecast period
  • 5G comprised less than one per cent of IoT connections in 2020 but will rise to 40 per cent of all the overall connections

The cellular IoT connections will reach 3.5 billion by 2030 as much as a research by Strategy Analytics. It also said that 5G comprised less than one per cent of IoT connections in 2020 but will rise to 40 per cent of all the overall connections. The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology over the forecast period.

Speed and coverage of 5G network deployments

Andrew Brown, Executive Director of Enterprise and IoT Research at Strategy Analytics, said “The adoption of 5G will likely happen in different stages in the largest markets, with eMBB (enhanced Mobile Broadband) reaching mass adoption first, uRLLC (ultra-Reliable and Low Latency Communication) gaining traction soon afterward, and mMTC (massive Machine Type Communication) showing the longest tail. Adoption will be determined not only by application needs, but by the availability of 5G chipsets, the speed and coverage of 5G network deployments, as well as the evolution of regulations. Even as 5G develops, 4G will continue to co-exist, provide extensive coverage at lower cost and remain very important in the IoT”

David Kerr, Senior Vice President of the Global Wireless Practice at Strategy Analytics added that the tipping point for 5G in IoT occurs when support for mMTC, a price decline in hardware and widespread network coverage, sees NB IoT and Cat M folded into 5G standards and devices. This is the reason why they think the pivot to 5G in IoT will be a gradual one, rather than a dramatic shift.

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