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 global iot subscriptions trend point


Global IoT subscriptions trends point to slow but steady progress - Verdict

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GlobalData predicts cellular IoT subscriptions will grow in the range of 12-16% CAGR, depending on region, over the next five years, as remote working, autonomous vehicles, robotics, and other advanced use cases accelerate. There are many recent examples of IoT deals and alliances that signify traction. GlobalData's Q2 mobile trends report provides insights into subscriptions for mobile networks; among many other key findings, it offers a clue to the progress of IoT uptake in different regions. North America: Cellular IoT subscriptions will reach 151.5 million at year-end 2021, and will make up 26.5% of total mobile subscriptions in the region. GlobalData expects the number of North American IoT connections to increase at a CAGR of 15.6% from 2021-2026, reaching 312.3 million at the end of the period.