Connect with us

Hi, what are you looking for?

Economy

New Omdia research states that cellular IoT data traffic will comprise 4.2% of total cellular data traffic in 2028

Data traffic from cellular IoT connections is expected to rise to 110.8 exabytes (EB) by 2028, according to Omdia’s latest research.

This surge is driven by heightened demand for data that can be analyzed, aimed at enhancing operational efficiency to generate new revenue streams for companies.

The research uncovered that most cellular IoT data traffic will originate from the automotive vertical, with the largest use cases being infotainment such as streaming video and audio, and firmware over-the-air updates. Over the period between 2023 to 2028, automotive data traffic is forecast to rise from 18.6 EB to 59.4 EB, fueled by the integration of infotainment systems in newer vehicles with greater numbers of consumers taking up these services expected to utilize 5G connectivity. Transport and logistics emerge as the next significant vertical for cellular IoT data traffic, while all other verticals collectively account for less than 25% of the total traffic after 2024 according to the report.

Alexander Thompson, Senior Analyst for IoT at Omdia stated:

“A small number of use cases are responsible for the majority of cellular IoT data traffic. It is evident that video use cases, particularly those with mobility, such as video screens in cities and retail settings, will generate the highest data traffic.”

“The exponential growth in cellular IoT data traffic is being driven both by specific use cases and the growth in hyperscale IoT, characterized by the increasing connections of vast numbers of low power devices. Despite this, cellular IoT data traffic remains only a modest portion of the overall cellular data traffic landscape,” added Andrew Brown, Practice Lead for IoT at Omdia.

Furthermore, the research highlights Asia & Oceania will be the largest region for data traffic, comprising 60.6% of the global figure in 2023. This trend is attributed to the high number of video cameras installed, particularly within smart cities initiatives across the region.

More details here.

The post New Omdia research states that cellular IoT data traffic will comprise 4.2% of total cellular data traffic in 2028 appeared first on IoT Business News.

You May Also Like

Latest News

Independent presidential candidate Robert F. Kennedy, Jr. has revealed what he says is his path to the White House as he faces increased pressure...

Stock

Over the past trading week, it was expected that while technical pullbacks in the markets may get extended, NIFTY may still continue to remain...

Latest News

A $95 billion package with aid to both Ukraine and Israel passed the Senate on Tuesday night after the House’s various adjustments were approved...

Stock

We’ve been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocks breaking through their 50-day...



Disclaimer: Paybackinvestigators.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 Paybackinvestigators.com