While Western Europe and North America have led the adoption of cellular M2M and IoT connections, APAC headed-up by China, is now driving the market along with new players such as Brazil and Russia, according to Beecham Research’s latest report. In its ‘Global Assessment of the Cellular IoT Connectivity Market’, published today, Beecham Research says that the cellular IoT connections – from 2G to 5G – reached almost 261 million at the end of 2015 and predicts that this will approach 1.22bn in 2021.
The study also points to strong growth in the Arab States and Sub-Saharan Africa, but for different reasons. While Israel and the Arab States are developing smart city, energy and environmental IoT applications the focus in Africa is on remote payments as well as healthcare, water systems and agriculture. The IoT vision is also starting to take shape in countries such as India, Indonesia and Vietnam due to government initiatives across urban and rural areas.
While the report shows that the US market is now the second largest after China, it continues to grow with major interest in areas such as smart homes – driven by the likes of AT&T – along with the industrial IoT. In Western Europe it is projects such as smart metering that are driving the market in countries such as the UK and Netherlands, while attention on other forms of connectivity such as LPWANs (Low Power Wide Area Networks) is also having an impact.
For further information, please go to http://www.beechamresearch.com