Internet of Things are a Major Component of Wireless Cellular Success

Bellevue, Wash. – Sept 24, 2024 – The wireless telecommunications industry experienced continued strong wireless cellular expansion in the second quarter of 2024, powered by continuing growth in the Internet-of-Things (IoT) ecosystem, said 5G Americas, the voice of 5G and beyond for the Americas




According to data from 5G Americas and Omdia, global IoT subscriptions currently stand at 3.4 billion, complemented by 6.7 billion smartphone subscriptions. As 4G LTE-connected IoT devices are upgraded to flexible 5G-enabled IoT technologies, such as 5G RedCap (Reduced Capability), new enhancements offer network operators benefits such as improved energy and network efficiency. Due to these improvements, global forecasts suggest IoT subscriptions will reach 5.2 billion, while smartphone subscriptions will surge to 8.2 billion by 2029.

Viet Nguyen, Vice President of PR and Technology at 5G Americas, stated, “The market is realizing 5G networks are more than just smartphones. Enterprise and business cases are emerging that showcase 5G’s versatility across a range of uses, utilizing Internet of Things-connected devices like sensors, cameras, and many more solutions in both public and private 5G networks.”

Overall, in Q2 2024, the global adoption of 5G connections exceeded two billion with an addition of 192 million new global connections. Looking ahead, Omdia data suggests global 5G connections will reach 8.6 billion by 2029. As a share of all wireless cellular technologies, 5G is expected to be 59 percent of global access networks by 2029.

In the last quarter, 5G connections in North America totaled 242 million, comprising 34 percent of all wireless cellular connections. The addition of 23 million new 5G connections represents 11 percent growth quarter over quarter. By 2029, North American 5G connections are forecast to surge to 761 million, representing 84 percent of all wireless cellular access technologies.

Omdia principal analyst Kristin Paulin points out, “As 5G adoption continues to grow in North America, operators continue to enhance their 5G networks. This includes expanding coverage with mid-band spectrum and shifting to 5G standalone, the latter of which allows operators to do more like provide network slices and is the base for 5G RedCap”

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