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Institutions: The number of global cellular internet of things connections is expected to reach 5.1 billion by 2030.
Jin10 reported on August 7 that, according to the latest research from Omdia, the cellular internet of things (IoT) market is expected to experience rapid expansion over the next six years, with the number of global cellular IoT connections expected to reach 5.1 billion by 2030. The report highlights that the rapid rise of cellular IoT is mainly driven by three key technologies: 5G RedCap, 5G massive IoT, and 4G LTE Cat-1 bis modules.