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Worldwide and U.S. IoT Cellular Connections Forecast, 2024–2028

Publisher IDC
Published Jul 27, 2024
Length 12 Pages
SKU # IDC19023999

Description

Worldwide and U.S. IoT Cellular Connections Forecast, 2024–2028


This IDC study analyzes the Internet of Things cellular connections market in the United States and worldwide from 2024 to 2028. For technology suppliers, the study advises focusing on end-to-end security, meeting the increasing demand for global connectivity, supporting a range of complementary IoT network options, prioritizing customer service, and partnering for success. These recommendations are crucial for capitalizing on the expected growth in IoT cellular connections. The study also discusses drivers and inhibitors impacting the market, including the intersection between private mobile networks (PMNs) and IoT deployments, advancements in eSIM-enabled IoT devices, and the introduction of 5G RedCap technology. It notes the challenges posed by limited urgency for 5G features in IoT and the macroeconomic environment. "By 2028, IoT cellular connections are set to revolutionize connectivity, with 5G RedCap contributing to growth and opportunities in the IoT landscape," says Pahul Preet Singh, senior research analyst, Mobile and IoT Communications Services at IDC.

Please Note: Extended description available upon request.

Table of Contents

12 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

Increasing Intersection between Private Mobile Networks and IoT Deployments

Advancements in eSIM-Enabled IoT Devices

The Introduction of 5G RedCap to Propel Growth in IoT Cellular Connections

Inhibitors

Limited Near-Term Urgency for 5G Features in IoT

Macroeconomic Environment

Significant Market Developments

Growing Global Connectivity Needs Among Enterprises

The Emergence of 5G RedCap

Continued Transition from Phasing 2G/3G Networks to LTE/4G and LPWANs

Changes from Prior Forecast

Market Definition

Methodology

Related Research

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Pricing

Currency Rates
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