Trending

Stories

Cellular IoT Market Value to Cross $61 bn Globally by 2026

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Driven by 5G and low-power solutions, the global cellular Internet of things (IoT) market will reach $61 billion by 2026, doubling from $31 billion in 2022, a new report showed on Tuesday.

The 5G IoT services will generate $9 billion of revenue by 2026, rising from $800 million in 2021.

Also Read

According to Juniper Research, this represents a growth of 1,000 percent over the next five years as 5G coverage expands and operators benefit from the increased number of 5G IoT connections.

Operators must educate users on the suitability of LPWA (Low-power Wide Area) as a replacement technology for legacy networks. However, many IoT networks cannot solely rely on LPWA technologies, – research co-author Charles Bowman.

He added that more comprehensive technologies, such as 5G, must underpin IoT network architectures and work in tandem with LPWA technologies to maximize the value of IoT services.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

To capitalize on this growth, operators should offer value-added services, such as network slicing and edge computing, to IoT users to maximize the value of 5G adoption, the report mentioned.

The report urged operators to migrate IoT connections on legacy networks to networks that support LPWA technologies.

It is anticipated that demand from enterprises for low-cost monitoring technologies enabled by LPWA networks will increase as these legacy networks are shut off over the next four years.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Polygon Launches zkEVM to Scale Ethereum Oneplus and OPPO Are Quitting Europe Tesla Faces $137m New Race Bias Trial OnePlus Nord CE 3 Lite Specs & Price Render India Launched Another 36 OneWeb Satellites Redmi Book 15E Quietly Launched Tesla Vision Park Assist Released Twitter Unveils Web To Get Blue Verified for $7 Monthly Redmi Watch 3 Launched for Global Markets Meta VR Game Renamed To Oculus Publishing
Polygon Launches zkEVM to Scale Ethereum Oneplus and OPPO Are Quitting Europe Tesla Faces $137m New Race Bias Trial OnePlus Nord CE 3 Lite Specs & Price Render India Launched Another 36 OneWeb Satellites Redmi Book 15E Quietly Launched Tesla Vision Park Assist Released Twitter Unveils Web To Get Blue Verified for $7 Monthly