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On September 17, the latest research report released by Strategy Analytics pointed out that during the period 2022-2030, the compound annual growth rate (CAGR) of the Internet of Things will reach 14%.
On September 17, the latest research report released by Strategy Analytics pointed out that during the period 2022-2030, the compound annual growth rate (CAGR) of the Internet of Things will reach 14%. "North America and Asia Pacific are expected to grow at a compound annual growth rate (CAGR) of 16% and 14%, respectively, over the forecast period," the agency said.
The technological makeup will change between 2022 and 2030, with 5G strongly replacing 4G connections, from 4G accounting for 71% of connections in 2022 to just 49% in 2030. Strategy Analytics expects IoT cellular connections to decline year-on-year in 2022 due to the COVID-19 situation in China, chip shortages/supply chain disruptions and geopolitical conflicts. But overall IoT cellular connections will grow at a rate of 14% throughout the forecast period.
It also expects that 4G will continue to dominate in general, especially in China. 3G will be phased out as most connections move to 4G, with 5G expected to account for 47% by 2030, while 4G will remain the dominant technology at 49%.
The agency pointed out that the adoption of 5G may occur in different stages, eMBB will gain mass adoption first, followed by uRLLC, while mMTC shows a long tail effect, and the engine driving the rapid development and rapid adoption of 5G is known as Radio access technology for New Radio (NR).
Time:2024-11-18
Time:2024-11-18
Time:2024-11-18
Time:2024-11-16
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