LONDON, May 21, 2024
/PRNewswire/ -- 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.
Omdia's Cellular IoT Data Traffic from Cloud to Edge 2024 offers
comprehensive insights into the latest trends for data traffic in
the cellular IoT market, providing key analysis by region and
application.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
advisory group. Our deep knowledge of tech markets combined with
our actionable insights empower organizations to make smart
growth decisions.
Contact
Fasiha Khan –
Fasiha.khan@omdia.com
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SOURCE Omdia