2024-01-24 20:09:03
New Omdia research shows cellular IoT connections will reach 5.4bn in 2030
The cellular IoT ecosystem is set to transform with a focus on 5G RedCap and other technologies, leading to 5.4 billion cellular IoT connections by 2030. The mass adoption of 5G RedCap is expected to begin in 2024, starting in China. Over 60% of IoT module shipments will originate from the Asian & Oceania region, with the automotive sector driving demand for 5G connectivity. Application Enablement Platforms (AEPs) remain the leading revenue generator in the IoT value chain.
