Next-Gen IoT Advancement: The Progression of Cellular IoT with 5G RedCap Technology
Hittin' the Big Time: 5G RedCap is Set to Rule Cellular IoT
Get ready for 5G RedCap to take center stage as the premier technology brand for cellular IoT, but expect the grand entrance around 2026. This escalation comes as 2G begins its twilight in numerous markets, and 4G IoT protocols keep the majority of connections going for a few more years.
By 2030, 5G RedCap's standard and extended variants (eRedCap) are projected to grab nearly a third of cellular IoT connections, accounting for 30.17%. However, 4G variants will still king it at 68.71% connections, though 2G and 3G will be history by then.
More on this tech saga from us, as some previous RedCap reports fumbled the ball by failing to distinguish between standard RedCap and eRedCap. This oversight is a real bummer because these variants cater to different IoT applications and distinct segments of the industry. Since RedCap aims to be the go-to unifying brand for cellular IoT, it's a dead cert that in the future, it could also absorb NB-IoT. This competitor takes on LoRa and Sigfox in the Low Power RAN race for power-efficient applications like smart metering, where range and power conservation are critical. But for now, this idea is still on the backburner. Our forecast keeps NB-IoT as a separate category up till 2030.
Capturing the 5G RedCap IoT Goldmine
Our forecast takes it up a notch by dishing out revenues per device for each connection type and regions to provide geographical and global totals. The fun doesn't stop there; we have a detailed 39-page PDF report and a spiffy XLS dataset to sweeten the deal. If you're eager to learn more or chat about a purchase, give us a shout.
Tweet about it: @IoTNow_: Take a look at our new forecast on 5G RedCap for IoT Industries. IoT is about to get a serious upgrade! #5G #IoTNow**
In the near future, 5G RedCap's dominance in the cellular IoT sector is anticipated, with both standard and extended variants capturing nearly a third of the connections. This anticipated growth reinforces 5G RedCap's position as a key player in the broader technology landscape, particularly data-and-cloud-computing.
By 2030, the potential absorption of NB-IoT by 5G RedCap could further solidify its status as a unifying brand in the cellular IoT industry, leveraging technology advancements to cater to diverse IoT applications.
