It’s been clear for some time that IoT is the next step toward linking and automating the world’s everyday functions. Essentially, IoT will eliminate the need for daily human attention to many simple tasks. But how will this transition take place, and when?
This new Mobile Experts report provides technical and cost comparisons for 2G, 3G, 4G, and anticipated 5G NR IoT devices. Each technology is evaluated for energy consumption, range, cost per square kilometer of network coverage, and cost per GB of data. It also includes a detailed and comprehensive business review of existing Cellular IoT as it shifts from GSM/GPRS to LTE-M and NB-IoT. The five-year forecast includes market share, shipment, pricing, and revenue data.
“Over the next few years, low-cost IoT devices will grow rapidly enough to drive an entirely new ecosystem of suppliers and devices,” commented Chief Analyst Joe Madden. “Connectivity will shift from GPRS or LTE Cat-4 to Cat-M or NB-IoT, with much longer battery life and more affordable devices. Our deep-dive research in key vertical markets has highlighted the specific business models and applications where the new C-IoT applications will grow.”
According to their newest report, growth in the Cellular IoT market will be rapid in multiple layers. The report defines specific numbers and predicted timelines for IoT service revenue, IoT device shipments, IoT module revenue, and IoT semiconductor revenue.
“The hype surrounding 5G IoT devices isn’t really justified. Our forecast includes healthy adoption rates for 5G NR in specific industrial applications, but that means that 5G shipments will reach only about 1 million units per year over the next few years,” remarked Chief Analyst Joe Madden.
Subscribers to Mobile Experts research will receive the full report, a detailed Excel forecast sheet, quarterly updates, and the popular Expert INSIGHT strategic analysis series.
To find out more about this report, click here.