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The IoT Long Game; The Next Ten Years of Market Development

January 10, 2019 / IoT.Business.News

Mobile Experts releases a complete look at the Cellular IoT market through 2029. Over the past four years, Mobile Experts has investigated eight individual vertical markets for Cellular IoT and they have now released a new report offering a complete picture of the market over the next ten years. “In the past, mobile operators would re-use the mobile phone network for machine-to-machine connections,” commented Principal Analyst Joe Madden. “But now, we see some operators investing in dedicated networks for IoT, and the growth rate for the IoT market is much steeper than the old M2M market. Cost is coming down quickly, with simplified, optimized products coming into the market. New technologies use less power and offer longer battery life, so new applications are coming into the realm of possibility. Plus, as the Chinese government subsidizes NB-IoT heavily, major growth is starting in China.”