SA: Before 2030, industry, automobile and public utilities were still the largest vertical fields of Internet of Things connection

On October 17, it was reported that the recent research report of Strategy Analytics, "Classification of IoT cellular connection by air interface and vertical industry", predicted that the compound annual growth rate of IoT cellular connection would reach 14% from 2022 to 2030.

Strategy Analytics said that the report provided a forecast to 2030 - during the forecast period of 2022-30, industry and automobile will be the vertical industries with the largest number of Internet of Things connections.

This latest report has been traced back to the historical data in 2013, and predicted the Internet of Things connectivity based on air interface technology (2G, 3G, 4G, 5G) and vertical industries - automobile, healthcare, home (non security), industry, primary processing, POS/retail, security, transportation, utilities, etc. IT House learned that during 2022-30, the healthcare industry will be the fastest growing vertical industry, with a compound annual growth rate of 23%, followed by industrial and automotive industries, with a compound annual growth rate of 17% and 16% respectively.

Strategy Analytics believes that the largest industry will continue its growth trajectory. During the 2022-2030 forecast period, the industrial Internet of Things connection will grow from 17% in 2022 to 21% in 2030, and the automobile will grow from 15% in 2022 to 18% in 2030. In 2022, industry will be the leading industry, accounting for 17% of the total Internet of Things connections, followed by automobiles and utilities, with 15% of the connections respectively.

Strategy Analytics said: "By 2030, 5G Internet of Things connectivity will be dominated by industrial and automotive applications, accounting for 28% and 21% respectively. By 2030, health care and security applications will become the next largest market, accounting for 20% of 5G Internet of Things connectivity. The low latency advantage of 5G will allow the Internet of Things to be used when near instantaneous communication is needed, such as truck loading in transportation, automatic driving, low latency in manufacturing, and remote hand in healthcare In such fields as surgery, even if they are not in the operating room with the patient, surgeons can still perform surgery through robots and virtual/augmented reality. "