Worldwide spending on telecom services and pay-TV services will reach $1,633 billion in 2019, and that’s an increase of 0.8 percent year-on-year, according to the latest market study by International Data Corporation (IDC).
Fifth-generation (5G) wireless is expected to have 12 million connections worldwide by the end of 2019. The number of 5G connections will then grow rapidly to 205 million worldwide at the end of 2020.
“What became clear is that although 5G will eventually enable a whole wealth of new applications and possibilities, for the near-term, it’s primarily focused on faster cellular networks for smartphones, or what the industry likes to call enhanced mobile broadband (eMBB).”
Tractica forecasts that Communication Service Providers will spend $11.2 billion annually on AI-driven software solutions across eight use cases by 2025 — that’s up from $419 million in 2018.
According to the latest worldwide market study by Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 20.6 percent from 58.7 million at the end of 2018 to 150 million at the end of 2023.
By 2024, there will be 24 million IoT connections made via satellite, according to ABI Research. Their analysis unveils the long-term opportunity within the satellite space for the growth of IoT deployments, particularly in application verticals, such as agriculture and asset tracking.