Select City

    5G Will Boost IoT Module Sales By 2030: Reports

    Share:facebookinstagramwhatsapp
    By Anushka Saxena | 
    Updated: 19th May 2022 00:41 IST

    Table Of Contents

    • 1
      5G to Boost IoT Module Sales

    Highlights of the Story

    • IoT refers to physical objects that have sensors, processing power, software, and other technologies.
    • 5G shipments to overtake 4G by 2028 to become the leading technology in the global cellular IoT module market.
    • Global cellular IoT module shipments are expected to cross 1.2 billion units by 2030.

    With 5G penetration set to pick up in a year or two, this could enable the global IoT market to expand. Emerging 5G network is likely to accelerate IoT module shipments to more than 1.2 billion units by 2030, with a compound annual growth rate (CAGR) of 12 per cent as per the Counterpoint Research‘s newest Global Cellular IoT Module Forecast. During the period 2022-2030, 5G will be the fastest-growing technology (60 per cent), followed by 4G Cat 1. 

    Physical items with sensors, computing power, software, and other technologies that link and share data with other devices and systems across communications networks like the internet are IoTs. Smart light bulbs and refrigerators are examples of Internet of Things gadgets. According to Counterpoint, cumulative 5G shipments (excluding 5G RedCap) will reach 2.5 billion devices by 2030, representing a 60 per cent CAGR.

    Also Read: 8 Best iPad Pen Styluses For A Smoother iPad Experience

    5G to Boost IoT Module Sales

    IOT

    According to the report, the worldwide cellular IoT industry will move from 4G to 5G in the coming years. In the Internet of Things market, this transformation will be faster than the change from 2G/3G to a low-power wide-area network (LPWA)/4G. In the worldwide cellular module market, 5G will be the most popular technology. It will be followed by narrow band-IoT and 4G Cat 1.

    Also Read: We Will Miss You Apple iPod: Just Memories Remain

    Talking about the dynamic nature of the market, Soumen Mandal says, “2G, 3G networks are phasing out over the world. Due to this, most demand has shifted to LPWA, 4G Cat 1, and 4G Cat 1 bis technologies now. In sections of Asia, particularly China, and Europe, NB-IoT will continue to be popular. Whereas, 4G Cat-1-based modules will grow in the next years.”

    Also Read: The 7 Best Workout Apps For Android And iOS In 2022

    According to the research organisation, industries will witness the deployment of 6G technology for the Internet of Things before the end of the decade. However, in the early years, this will be confined to high-end applications such as business and broadband.



    Comments

    Featured Videos

    You May Also Read

    Realme Mobile Price List
    Realme Mobile Price List
    Realme has become one of the best-emerging smartphone brands in India. Although the brand has multiple smartphones in its portfolio, it often becomes confusing for buyers to decide which one to buy. If you’re having similar issues, then you’re at the right place. We have compiled Realme mobile price list 2022 for you. With its…

    New Launches

    Xiaomi Redmi 10 Prime 2022
    Xiaomi Redmi 10 Prime 2022
    Starting from:
    ₹12,999
    Infinix Note 12
    Infinix Note 12
    Starting from:
    ₹11,999
    Motorola Moto Edge 30
    Motorola Moto Edge 30
    Starting from:
    ₹27,999
    Vivo Y75
    Vivo Y75
    Starting from:
    ₹25,999
    Infinix Note 12 Turbo
    Infinix Note 12 Turbo
    Starting from:
    ₹14,999
    Vivo X80
    Vivo X80
    Starting from:
    ₹54,999