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#News(General) [ via IoTForIndiaGroup ]
The Internet of Things is weaving a new worldwide web of interconnected objects. At the end of 2018, approximately 1.3 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is highly diverse and divided into multiple ecosystems. This report will focus on the four most prominent technology ecosystems for wide area IoT networking – the 3GPP ecosystem of cellular technologies, the emerging LPWA technologies LoRa and Sigfox and the 802.15.4 ecosystem.
The 3GPP family of cellular technologies support the biggest ecosystem in wide area IoT networking. Berg Insight estimates that the global number of cellular IoT subscribers increased by 70.0 percent during 2018 to reach 1.2 billion at the end of the year – corresponding to around 13.0 percent of all mobile subscribers. Yearly shipments of cellular IoT devices increased by 76.2 percent in 2018 to reach 651.9 million units. Growth was fuelled by an exceptional market expansion in China, where the installed base of cellular IoT connections increased by 124.1 percent year-on-year to reach 767.0 million at the end of 2018.Berg Insight forecasts that annual shipments of cellular and non-cellular LPWA IoT devices will grow at a compound annual growth rate (CAGR) of 37.0 percent from 711 million units in 2018 to 3,429 million units in 2023.
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