New insights from Omdia into 5G technology predict that 5G RedCap (‘Reduced Capability’) will grow at a compound annual growth rate of 66%, reaching 963.5 million connections by 2030. These projections emphasise the increasing impact of 5G technology on IoT…
RedCap IoT modules expected to reach 80m, according to ABI Research
According to ABI Research, a technology intelligence firm, shipments of IoT RedCap modules are expected to reach 80 million units between 2024 and 2029. 5G RedCap, finalised in the 3GPP’s Release 17, offers device manufacturers a migration path from 4G…
5G driving growth as IoT connectivity market reached $15b in 2023
According to IoT Analytics, the global cellular IoT connectivity market reached a significant milestone, with mobile operators worldwide earning a combined $15 billion from 3.6 billion cellular IoT connections in 2023. This 23% year-on-year growth rate surpassed that of IoT…
