"The IoT arena has been growing strongly, with cellular IoT module shipments rising to 514 million units in 2024, a 22% increase year on year."
"The cellular IoT market is diverse, with the 3GPP family of technologies leading in wide area networking, making up 30% of all mobile subscribers."
Berg Insight's study reveals a robust expansion of the IoT market, highlighting a 22% increase in cellular IoT module shipments, reaching 514 million in 2024. This growth contributes to annual sales rising to $6 billion, signaling a thriving landscape for IoT technologies. The report emphasizes the diversity in the cellular IoT ecosystem, particularly the prominence of 3GPP technologies. With predictions of continued growth, the report indicates a shift toward LTE-optimized technologies dominating the sector as legacy systems like 2G and 3G phase out.
Read at ComputerWeekly.com
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