The overall Wide-Area IoT mobile infrastructure market is estimated to grow to nearly US$10 billion between 2020 to 2025, according to a recent report from the Dell’Oro Group.
“We have talked about IoT as a growth vehicle for the mobile infrastructure suppliers and the operators for a long time. And while this shift has taken a bit longer than some expected, the reality is that IoT adoption is gaining momentum and these technologies are starting to make a difference,” said Stefan Pongratz, vice president and analyst with Dell’Oro Group. “As the 3GPP standard continues to evolve, the operators are in a unique position to leverage their existing LTE and 5G NR MBB investments and the networks can in many cases be easily upgraded with minimal incremental infrastructure investments to be better optimised for a wide range of IoT applications.”
The latest report entitled “Wide-Area IoT 5-Year Forecast 2020 Report” also predicts that Wide-Area IoT will add more than US$50B of incremental mobile infrastructure (RAN+Core) and service provider revenue by 2025.
“Our baseline estimates assume carrier IoT revenues will grow ~3x over the forecast period, accounting for about 5% of total mobile operator revenues by 2025,” Dell’Oro said in a statement.
Furthermore, 5G NR based IoT connections are projected to accelerate in the outer part of the forecast period, approaching a mid-single-digit share of total cellular IoT connections.
