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.
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.
Collection
[
|
...
]