It is predicted that by 2033, about 1.1 billion of the estimated 7.5 billion cellular IoT connections will be classified as mature 5G connections. It is understood that advanced connectivity will data transmission To completely change all industries. In addition to the connections supported by 5G, the report also highlights the role of other cellular IoT technologies to achieve 5.5 billion connections. These technologies include Massive Machine Type Communication (mMTC), which will contribute to most connections. In addition, technologies such as NB IoT and LTE-M will play an important role in expanding Internet of Things connections in different fields.
This study further emphasizes the rapid growth rate of the adoption of IoT devices. Data shows that by the end of 2023, the number of active IoT devices in the world will reach 16.1 billion. It is estimated that this number will nearly double by 2033. It will reach about 40 billion sets. The surge in the deployment of IoT devices is also expected to drive annual device sales. The compound annual growth rate (CAGR) is 8%. During the forecast period, it is expected to increase from 4.1 billion to 8.7 billion.
In addition, it is said that the economic impact of the Internet of Things is also very significant. It is expected that the total revenue of the Internet of Things market will triple from 335 billion dollars to 934 billion dollars.
While the 5G Internet of Things (5GIoT) market is developing rapidly, it is also facing a series of challenges. The following are the key directions for these challenges and future development:
Challenge
High cost of infrastructure construction
Problem: The construction of 5G network requires a lot of infrastructure investment, including base stations, optical networks, etc. These inputs are costly, especially in remote and rural areas, where construction costs are higher.
Solution: share the construction cost through the cooperation between the government and private enterprises, as well as the combination of public and private funds. Technological innovations such as small base stations and network slicing can also reduce the overall cost.
Data security and privacy
Problem: The large-scale deployment of 5G IoT equipment has brought huge data transmission needs, and the security and privacy protection of these data have become important issues. The risk of hacker attacks and data leakage increases.
Solution: adopt more advanced encryption technology, blockchain technology, and establish strict security standards and regulations to protect data security and user privacy.
Standardization issues
Problem: The equipment and systems produced by different manufacturers may be incompatible, and the lack of unified standards will affect the interoperability and popularity of 5G Internet of Things.
Solution: Promote the worldwide standardization process, develop unified technical standards and protocols, and promote the compatibility of different equipment and systems.
Network coverage and connectivity issues
Problem: Although 5G has the advantages of high bandwidth and low latency, its coverage is smaller than 4G. Especially in buildings and remote areas, the signal may be unstable.
Solution: Develop and deploy complementary technologies, such as millimeter wave technology and small base stations, to improve coverage and signal strength.
Equipment and terminal compatibility
Problem: Many existing IoT devices and terminals may not be compatible with 5G and need to be updated or replaced, which will increase costs.
Solution: Design equipment with strong compatibility, promote software update and hardware upgrade schemes, and help existing equipment adapt to 5G network.
Future development direction
Edge computing
Development: Edge computing moves data processing and storage to the edge of the network to reduce latency and improve response speed. Combined with 5G, edge computing can significantly improve the performance and efficiency of IoT devices.
Artificial intelligence and big data
Development: Combining 5G and the Internet of Things, AI and big data analysis can achieve more intelligent decision-making and automation. For example, the intelligent transportation system can adjust the signal lights in real time to improve the traffic efficiency.
Vertical industry application
Development: The application of 5G Internet of Things in vertical industries such as medicine, agriculture, industry and smart cities will continue to expand. Customized solutions will meet specific needs in different areas, such as industrial automation and telemedicine.
Augmented reality and virtual reality
Development: 5G's high bandwidth and low latency enable AR and VR technology to be widely used in the Internet of Things, providing a richer user experience and more efficient operation mode.
Ecosystems and partnerships
Development: Build a strong ecosystem and jointly promote the development of 5G Internet of Things through cross industry cooperation and partnership. For example, close cooperation among telecom operators, equipment manufacturers, software developers and service providers.
Intelligent manufacturing
Development: In intelligent manufacturing, 5G Internet of Things can realize real-time communication and collaboration between machines, improve production efficiency and flexibility, and promote the realization of Industry 4.0.
Policy and regulatory support
Development: The support of government policies and regulations is crucial to the development of 5G Internet of Things. Develop favorable policies, promote technology research and development and industrial upgrading, and promote the popularization and application of 5G Internet of Things.
In general, although the 5G IoT market faces many challenges, its broad application prospects and potential cannot be ignored. Through technological innovation, standardization promotion, cross industry cooperation and policy support, 5G Internet of Things will be more widely used in the next few years to promote the development of society towards intelligence and digitalization.
Original title: By 2033, the number of 5G driven IoT connections will reach 1.1 billion | Report
