Omdia: Global cellular IoT connections are expected to reach 5.1 billion by 2030.

According to the app of wisdom and wealth, Omdia published a document stating that the cellular Internet of Things (IoT) market will experience rapid expansion in the next six years, with global cellular IoT connections expected to reach 5.1 billion by 2030. The report points out that the rapid growth of cellular IoT is mainly driven by three key technologies: 5G RedCap, 5G massive IoT, and 4G LTE Cat-1bis modules.