Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Although the Impact of the COVID-19 Pandemic Continues to Reverberate in the Internet of Things (IoT) Market, Expected Recovery will Result in 3.58 Billion Active Cellular IoT Connections by 2026
* Required Fields
Pay by invoice
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.The cellular IoT connections market continues to grow at a faster rate than the overall IoT devices market. In 2020, the number of global cellular IoT connections was 1.22 billion. Asia-Pacific accounted for 893.2 million connections, with China holding the highest number of connections. The COVID-19 pandemic affected the market in 2020, and this trend will continue in 2021, thereby reducing the anticipated growth rate. The global market growth rate for IoT devices fell sharply from 30.3% in 2019 to 13.7% in 2020. Although Asia-Pacific was not impacted adversely, growth in the other regions slowed down; however, the market is likely to recover completely by 2022. The Asia-Pacific market will grow from 870.7 million connections in 2020 to 2.67 billion in 2026 at a CAGR of 20.5%. North America accounted for 156.4 million connections in 2020 and will grow to 404.6 million connections in 2026 at a CAGR of 17.2%. The total cellular IoT connections market will grow from 1.22 billion connections in 2020 to 3.58 billion connections in 2026 at a CAGR of 19.6%.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%.5G will majorly impact cellular IoT adoption. High-speed broadband—starting with 3G and, later on, 4G—set the stage for IoT by delivering ubiquitous connectivity to devices. A 5G network will significantly improve the way IoT devices communicate with each other. High-bandwidth applications such as visual surveillance, robotics, and magnetic resonance imaging transmit tens of megabytes (MBs) of data per second. Numerous devices cause congestion and increase latency and reduce network and spectrum efficiency. 5G and new massive machine-type communication (mMTC) devices will address data capacity issues. These new devices do not consume as many resources and as much power or data and allow enterprises to focus their efforts on the implementation of digitalization strategies. The cost savings realized from the eventual last-mile convergence can be reallocated to create a seamless integration of systems and cloud migration.The ability to use multi-access edge computing (MEC) to shift computing resources away from centralized cloud infrastructure to the network edge will help enterprises capitalize on ultra-low latency and bandwidth optimization to make near-real-time, data-driven decisions. IoT deployments augmented with MEC add tremendous value to enterprises as they deliver business insights that can help companies increase the overall RoI on their technology investments.Author: Dilip Sarangan
Hyperscaler Demand Drives the North American Data Center Colocation Services Market
Acquisitions, Vertical Focus, and New Technologies Drive Highly Competitive North American Mobile Field Service Management (FSM) Market
Growth Opportunities in the Global Webinars and Virtual Events Market
IoT Start-Up Tracker: Smart Home
IoT Start-up Tracker: Digital Manufacturing
Singapore Data Center Colocation Services Growth Opportunities
Global Video Analytics Growth Opportunities
Indian Data Center Colocation Services Growth Opportunities
Next Wave of Deep Learning Models & Applications (RNN, CNN, and GaN)
AI in the Public Sector Growth Opportunities
diabetes devices market
3d printer market share
heavy truck market
thermal spray coatings market
artificial lift market
plastic waste management market
wireless charging market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.