Cellular IoT market will hit 5.1 billion by 2030
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Cellular IoT market will hit 5.1 billion by 2030
The cellular IoT market is due for rapid expansion over the next six years, with connections forecast to hit 5.1 billion by 2030 – this is according to new research from Omdia. This latest study reveals how 5G technologies are fundamentally transforming the cellular IoT landscape, with three key technologies emerging as growth drivers: 5G RedCap, Massive IoT, and 4G LTE Cat 1bis moduels. It identifies 5G RedCap as a particularly notable developm…
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