Omdia Forecasts Cellular IoT Connections to Reach 5.9 Billion by 2035

LONDON--(BUSINESS WIRE)--The cellular IoT market is poised for significant growth in the coming years, with connections expected to surge to 5.9 billion by 2035, as revealed by new research from Omdia. Automotive will comprise one in five cellular IoT connections in 2035 The automotive segment will rise from 500m connections to around 1.2bn over the next ten years, increasing its market share from 13% to 21%. Most of this connection growth will originate from Asia & Oceania, which will see its automotive se ...