Strategy Analytics forecasts that global IoT cellular connections will increase at a CAGR of 11% between 2019 and 2030. The growth in 5G modules for IoT will start slowly, with many applications requiring only low power data rates and affordable modules. Strategy Analytics has revised its 5G connections forecast downwards in the short term to 2025. 5G will increase to 40% of all connections by 2030.
This report analyses the forecast data for IoT cellular connections, by year, by vertical industry and by bearer network technology (2G, 3G, 4G and 5G).