2021 Total Cellular Internet of Things (IoT) Connections Breakdown by Connectivity Protocol, 2020–2026

2021 Total Cellular Internet of Things (IoT) Connections Breakdown by Connectivity Protocol, 2020–2026

Cellular IoT Powers Forward as 5G and Low-Power Solutions Come to the Forefront

RELEASE DATE
30-Jun-2021
REGION
Global
Research Code: 9A5C-00-21-00-00
SKU: IT04348-GL-TC_25540
$2,450.00
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Description

The impact of the COVID-19 pandemic continues to reverberate in the Internet of Things (IoT) space. This Frost & Sullivan reforecast of the cellular IoT connections market indicates that there will be more than 3.46 billion active cellular IoT connections by 2026 (globally). In 2020, growth declined to 13.5%, with Asia-Pacific accounting for a large share of that growth. EMEA will be the slowest to recover – it will take until 2022 to return to previously forecast growth. The US market will bounce back in H2 2021.

This strategic analysis is part of Frost & Sullivan’s continued coverage of the global IoT market. Within this analysis, the company identifies the main application segments that generate revenue for cellular IoT service providers. Frost & Sullivan offers valuable insight that will help IoT ecosystem participants increase revenue and identify new growth opportunities.

The global market growth rate for IoT devices fell sharply from 30.4% in 2019 to 13.5% in 2020. This drop was due to the impact of COVID-19 as economies across the world saw declining investments in IoT and technology. In 2020, the Asia-Pacific market grew at 17.8% and the EMEA market grew by 2.5%, while the North American market slowed down to 3.0%.

Author: Dilip Sarangan

Table of Contents

Breakdown by Connectivity Protocol

Related Research
The impact of the COVID-19 pandemic continues to reverberate in the Internet of Things (IoT) space. This Frost & Sullivan reforecast of the cellular IoT connections market indicates that there will be more than 3.46 billion active cellular IoT connections by 2026 (globally). In 2020, growth declined to 13.5%, with Asia-Pacific accounting for a large share of that growth. EMEA will be the slowest to recover – it will take until 2022 to return to previously forecast growth. The US market will bounce back in H2 2021. This strategic analysis is part of Frost & Sullivans continued coverage of the global IoT market. Within this analysis, the company identifies the main application segments that generate revenue for cellular IoT service providers. Frost & Sullivan offers valuable insight that will help IoT ecosystem participants increase revenue and identify new growth opportunities. The global market growth rate for IoT devices fell sharply from 30.4% in 2019 to 13.5% in 2020. This drop was due to the impact of COVID-19 as economies across the world saw declining investments in IoT and technology. In 2020, the Asia-Pacific market grew at 17.8% and the EMEA market grew by 2.5%, while the North American market slowed down to 3.0%. Author: Dilip Sarangan
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No Index No
Podcast No
Author Dilip Sarangan
Industries Information Technology
WIP Number 9A5C-00-21-00-00
Is Prebook No
GPS Codes 9705-C1,9AD1-C1,9B07-C1