The global economy may be facing challenges, but the market for 5G and 3GPP-compliant devices continues to thrive, indicating a growing embrace of IoT-related networks and autonomous systemscompanies worldwide. The Global Mobile Suppliers Association (GSA) reveals not only an increase in vendor participation but also an acceleration in various sectors.
GSA data highlights the remarkable growth of the 5G market, with a staggering 2,147 commercially available 5G devices from 240 manufacturers. This represents a consistent annual growth rate of 50%. These devices play a crucial role in generating and handling data for a diverse range of applications, spanning from mobile phones to advanced factory production systems.
Moreover, GSA emphasizes that 5G networks are an integral part of the Internet of Things (IoT), fueling numerous industry initiatives globally. The IoT’s impact can be witnessed across connected and autonomous vehicles, smart homes, agriculture, robotics, smart industry, smart cities, and smart energy. Companies have been actively exploring use cases involving Narrowband-IoT (NB-IoT) and Long-Term Evolution for Machines (LTE-M) networks, spurredthe increased demand for remote operations during the pandemic. GSA experts predict rapid growth in the IoT market over the next five years, with 3GPP technologies poised to gain significant market share.
According to GSA estimates, 254 operators have deployed or launched NB-IoT or LTE-M networks in 81 countries, and an additional 173 operators are actively investing in NB-IoT technology. The market also witnessed a significant surge in the number and variety of devices supporting 3GPP IoT standards since September 2022, with currently 1,366 such devices available.
The reportGSA emphasizes the growing availability of IoT infrastructure, chipsets, modules, and devices from both established companies and startups. As the 3GPP ecosystem expands, it will drive commercialization and economies of scale in IoT, with key players such as mobile operators, infrastructure suppliers, chipset manufacturers, device companies, and development/testing houses supporting the development of innovative services.
In conclusion, the increasing adoption of 5G devices and IoT technology signifies a profound global shift. As more industries leverage the power of these advanced networks, we can expect transformative advancements and an interconnected future that is fueleddata and automation.
What is the Internet of Things (IoT)?
The Internet of Things (IoT) refers to the network of interconnected devices, objects, and systems that are embedded with sensors, software, and other technologies to exchange data and enable communication and interaction.
What is 3GPP?
3GPP, or 3rd Generation Partnership Project, is a collaboration between international standards organizations responsible for developing protocols and standards for mobile communications technologies.
What are NB-IoT and LTE-M?
NB-IoT (Narrowband-IoT) and LTE-M (Long-Term Evolution for Machines) are wireless communication technologies designed specifically for IoT applications. NB-IoT provides low-power, wide-area connectivity for devices, while LTE-M offers higher data rates and improved mobility support.
– GSA report: [domain.tld]
– IoT Connections To Grow400% In Four Years: [domain.tld]