According to the latest research from Counterpoint’s Internet of Things support, Worldwide IoT cellular connection grew 72 percent in the first half of 2018 – a considerable increase as compared to the identical period last year.
“Emerging markets like India, Brazil and Africa can provide tremendous scale but will probably be late followers in contrast to China in this path to linked everything,” explained Research Analyst Satyajit Sinha.
“However, the massive growth opportunity stays concerning cellular-IoT connections in emerging markets that will be possibly catalysed by operators such as Jio in India but specifically from multi-market players such as Telefonica or MTN or Vodafone,” Sinha noted.
Smart manufacturing, utilities and mobility applications such as automotive and asset monitoring will be the key growth drivers for IoT during the next 5-7 years.
Narrowband IoT (NB-IoT) will control the market with 45% of global IoT cellular connections, due to the wide variety of application opportunities and faster adoption rates in the total ecosystem.
“If operators are wanting to capture maximum price, the strategies need to provide an end-to-end IoT solutions by bundling IoT apparatus, secure connectivity, platform, and data management to capitalise on the general opportunity,” said Research Director Neil Shah.
2G IoT relations will occupy less than 1 percent of international IoT cellular connections by 2025. 3G IoT relations face the same destiny as 2G.
“But, 3G will go extinct much faster compared to 2G,” stated the report.
4G LTE IoT relations (high bandwidth and low latency) will grow at a significantly faster speed till 2022.
“However, post-2022, we expect a smooth transition from 4G LTE family to 5G. 4G LTE IoT relations will hold slightly more than a third of global IoT cellular connections in 2025,” the report noted.