Cellular IoT connections to hit 2.4bn by 2025 – Strategy Analytics

New research from Strategy Analytics estimates the number of cellular IoT connections will increase to 2.4 billion in 2025.
The growth itself will primarily be fuelled by the automotive, utilities and security segments, accounting for over 46% of the total global IoT cellular connections by 2025. The Automotive segment will not only retain its position at the top of the pile, but will increase its market share throughout the period also.
The surge in connections demonstrates the importance of ce