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Growth of the IoT is driven by emerging applications and business models, and supported by standardization and falling device costs. The number of IoT devices is expected to increase 21 percent (CAGR) between 2016 and 2022 to around 18 billion.

There were around 400 million IoT devices with cellular connections at the end of 2016 and that number is projected to reach 1.5 billion in 2022, or around 70 percent of wide-area IoT category. The cellular IoT growth is driven by enterprises; mainly in industrial, automotive and utility verticals.

IoT device connections

Cellular technologies will dominate in wide area IoT category

In our Ericsson Mobility Report forecast for IoT development we foresee that 70% of wide-area IoT devices will use cellular technology in 2022.

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IoT supportive for consumers

IoT supportive for consumers

Our report about 10 hot consumer trends 2017 shows that consumers surveyed believe that IoT could be supportive in their daily lives

Read more about IoT in consumer trends