LTE will Become the Leading Technology for Cellular IoT Devices in 2019
October 16, 2015 | Berg InsightEstimated reading time: 1 minute
A new research report from Berg Insight predicts that LTE will become the leading technology for cellular IoT devices in 2019. Berg Insight forecasts that global shipments of cellular IoT devices will grow at a compound annual growth rate (CAGR) of 20.1 percent to reach 239.7 million units in 2020. LTE device shipments started to take off in 2015 and are expected to surpass GPRS devices in four years’ time. “2G is still growing rapidly in emerging markets and has a clear cost advantage in Europe. The economics of 4G is however dramatically improved with LTE Cat-0 and the upcoming LTE-M standard. Once these are in place there will be no more significant barriers left against migration from 2G”, says Tobias Ryberg, Senior Analyst, Berg Insight and author of the report.
As a result of the direct move from 2G to 4G, Berg Insight believes that 3G will only serve as an interim technology in cellular IoT. Annual shipments of 3G cellular IoT devices are predicted to peak in 2018. Instead the main alternative to 4G cellular technologies will be Low Power Wide Area (LPWA) networking technologies. Berg Insight believes that the 3GPP’s recent initiative to define a new narrowband radio technology for IoT (NB-IOT) is highly significant and creates a unique opportunity for the mobile industry to include a new set of applications into its domain. “A global universal standard for lightweight IoT communication on public networks is essential for driving the market forward”, concludes Mr Ryberg.
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. In addition to M2M/IoT, we are also active within Location-Based Services, mobile Value-Added Services and Next Generation Technologies. We have provided analytical services to 750 clients in 69 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/10/2024 | Marcy LaRont, PCB007 MagazineSpring is a renewal each year as dormant flora bloom, and baby ducklings and geese are ever present in local bodies of water. Even though it is beginning to get hot, I love this time of year in Arizona, with the sun waking me around 5 a.m. It fills me with an energy that I often lose in the dark winter months. Wherever you find yourself in the world, I hope you are enjoying Spring and that you are filled with energy and enthusiasm for all the great work part of our daily lives in this industry.
Samsung Acquires Sonio; Strengthens Position in Cutting-Edge Medical Devices
05/10/2024 | SamsungSamsung Medison, a global medical equipment company and an affiliate of Samsung Electronics, today announced it has signed an agreement to acquire 100% of the shares of Sonio SAS, a fetal ultrasound AI software company.
Schweizer Receives Future Prize from Ewald Marquardt Private Foundation for p² Pack Embedding Technology
05/10/2024 | Schweizer Electronic AGAs the number of electric vehicles increases, so do the demands on electrical power management in vehicles. To make power generation and engine operation more efficient, Schweizer Electronic AG's p² Pack technology offers a long-term and sustainable solution to better convert and even recover the energy generated.
MKS’ Atotech to Participate in ECTC
05/10/2024 | MKS’ AtotechAt this year’s 74th IEEE Electronic Components and Technology Conference (ECTC), MKS’ Atotech will present and demonstrate its latest product and service innovations.
TTM Technologies Appoints Wajid Ali to Board of Directors
05/10/2024 | TTM Technologies, Inc.TTM Technologies, Inc. announced that Mr Wajid Ali has been appointed by the unanimous vote of the remaining Directors to serve as a new Class I director on the Board, effective immediately.