target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Forecast - Doc Document number: # US50849124
Worldwide and U.S. IoT Cellular Connections Forecast, 2024–2028
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Abstract
This IDC study analyzes the Internet of Things cellular connections market in the United States and worldwide from 2024 to 2028. For technology suppliers, the study advises focusing on end-to-end security, meeting the increasing demand for global connectivity, supporting a range of complementary IoT network options, prioritizing customer service, and partnering for success. These recommendations are crucial for capitalizing on the expected growth in IoT cellular connections. The study also discusses drivers and inhibitors impacting the market, including the intersection between private mobile networks (PMNs) and IoT deployments, advancements in eSIM-enabled IoT devices, and the introduction of 5G RedCap technology. It notes the challenges posed by limited urgency for 5G features in IoT and the macroeconomic environment.
"By 2028, IoT cellular connections are set to revolutionize connectivity, with 5G RedCap contributing to growth and opportunities in the IoT landscape," says Pahul Preet Singh, senior research analyst, Mobile and IoT Communications Services at IDC.