IoT forecast: connections, revenue and technology trends 2020–2029
The total number of IoT connections worldwide will increase from 1.5 billion at the end of 2019 to 5.8 billion in 2029. The COVID-19 pandemic will have an acute impact on the number of IoT connections in the early years of the forecast period, but this will fade over time. This report analyses future trends in the growth in the number of IoT connections and revenue, the impact of emerging IoT technologies and the sectors driving growth.
This report includes the analysis of:
- technology trends including the number of 2G, 3G/4G, 5G, NB-IoT, LTE-M and ‘other LPWA’ connections worldwide
- key industry sectors and the share of connections and revenue that they contribute
- the revenue generated worldwide from hardware, applications and connectivity services.
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