June 1, 2016
The latest edition of the Ericsson Mobility Report, published today, reveals that the Internet of Things (IoT) is set to overtake mobile phones as the largest category of connected device by 2018.
Between 2015 and 2021, the number of IoT connected devices is expected to grow 23% annually, of which cellular IoT is forecast to have the highest growth rate. Of the 28 billion total devices that will be connected by 2021, close to 16 billion will be IoT devices.
Western Europe will lead the way in adding IoT connections — the number of IoT devices in this market is projected to grow 400% by 2021. This will principally be driven by regulatory requirements, for example for intelligent utility meters, and a growing demand for connected cars including the EU e-call directive to be implemented in 2018.
Rima Qureshi, senior vice president and chief strategy officer at Ericsson said that IoT is now “accelerating as device costs fall and innovative applications emerge. From 2020, commercial deployment of 5G networks will provide additional capabilities that are critical for IoT, such as network slicing and the capacity to connect exponentially more devices than is possible today.”
Further coverage of the report will appear in the next issue of Connections+.