In 2023, mobile operators worldwide earned an impressive $15 billion from 3.6 billion cellular IoT connections, as highlighted by IoT Analytics' recent reports.
With a 23% YoY growth rate in IoT revenue, mobile operators outpaced IoT software companies and hyperscalers. Despite a decline in shipments and revenue for cellular IoT modules, the top five mobile IoT network operators still managed 83% of all global connections and 64% of the combined revenue. The forecasted 18% CAGR between 2024 and 2030, driven by 5G and 5G Redcap, underscores the robust growth trajectory of cellular IoT.
Why It Matters:
For Mobile Operators: This market data is crucial for designing strategic IoT services, opening new revenue channels, optimizing networks, and forging partnerships in emerging IoT markets.
For Chipset/Module/Device Makers: Leveraging market intelligence for product development and collaborating with mobile operators ensures a broader market reach and seamless integration within the IoT ecosystem.
Bridging the Gap: China vs. Germany
China's rapid adoption of IoT technologies highlights a stark contrast with Germany, where companies remain cautious. China's aggressive stance is geared towards solidifying its position as the world's largest exporter, utilizing IoT to enhance efficiency and productivity.
In Germany, the hesitation to fully embrace IoT reflects underlying concerns about "deindustrialization." However, this cautious approach may risk missing out on the transformative benefits of IoT, such as increased productivity and competitive advantage.
A Call to Action for German Companies:
Embrace Innovation: Viewing IoT as an opportunity rather than a threat can drive substantial productivity gains.
Learn from China: Leveraging IoT for operational efficiency can help maintain Germany's industrial edge.
Strategic Partnerships: Collaborating with IoT providers and mobile operators can facilitate smoother adoption and integration.
Focus on 5G and Beyond: Investing in 5G technologies will be crucial to staying ahead in the global market.
By embracing IoT, German companies can mitigate fears of deindustrialization and instead harness this technology to drive productivity and maintain a competitive edge in the global market. Let's turn hesitation into action and pave the way for a more connected and efficient future.
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