Wide-Area IoT to add $130B to mobile infrastructure growth by 2023
According to a recently published Dell’Oro Group, a source for information about the telecommunications and networking industries, Wide-Area IoT technologies including cellular and non-cellular solutions will be a growth vehicle for both operators and suppliers over the next five years.
The overall Wide-Area IoT market is expected to grow at a robust pace with cumulative revenues surpassing $130 billion over the next five years.
“The IoT market momentum is strengthening. Operators are in a unique position to leverage their mobile network footprint, and capture new revenue from a wide range of use cases,” says Dell’Oro Group senior director Stefan Pongratz.
“The business use cases for Massive IoT and Broadband IoT using LTE-based technologies is rather compelling. Our analysis indicates that operators can with minimal incremental mobile infrastructure investments realize more than 20x of revenue upside,” he adds.
Additional highlights from the Wide-Area IoT 5-Year Forecast June 2019 Report:
- 2G/3G/4G and cellular IoT technologies including LTE-M and NB-IoT are expected to drive the lion share of the connections, infrastructure, and carrier revenues over the forecast period.
- 5G NR MTC was initially expected to be a post-2025 event. But with NR MTC now being a possible Rel. 17 topic, we have revised the 5G NR IoT projections upward – total 5G NR connections are now projected to account for a low single-digit share of the 2023 connections.
The Dell’Oro Group Advanced Research: Wide Area IoT Report assesses the impact of Wide-Area IoT on the Mobile Infrastructure RAN and Core markets as well as the potential revenue upside for Service Providers.
The report includes a 5-year forecast for the following three core areas:
- Worldwide Wide-Area Cellular and Non-Cellular IoT Connections
- Worldwide Wide-Area Cellular and Non-Cellular Mobile Infrastructure Revenue
- Worldwide Wide-Area Cellular and Non-Cellular Carrier Revenue