5G IoT Shipments Globally Expected To Surpass 4G By 2028
2 years, 7 months ago

5G IoT Shipments Globally Expected To Surpass 4G By 2028

News 18  

Global cellular internet of things module shipments are likely to cross 1.2 billion units by 2030 with a compound annual growth rate of 12 per cent, a new report showed on Monday. 5G shipments is set to overtake 4G by 2028 to become the leading technology in the global cellular IoT module market, according to Counterpoint Research. “5G adoption in emerging markets such as India and Latin America will also grow faster and 5G RedCap may become popular in these regions," said Neil Shah, Vice-President, Research. “The rollout of 5G and introduction of 5G RedCap in coming years will see the adoption of 5G across intelligent IoT applications in industrial, asset tracking, POS, telematics, healthcare and wearables segments, mostly replacing traditional 4G IoT applications," said senior research analyst, Soumen Mandal.

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