RedCap and eRedCap Set to Dominate IoT Shipments by 2029
Friday, 6 September 2024, 05:17
IoT Shipments Surge in Demand
The tech landscape is witnessing an unprecedented surge in IoT shipments, which are anticipated to exceed 80 million units within five years. This notable growth is primarily driven by the introduction of RedCap and eRedCap modules.
The Rise of RedCap and eRedCap
According to ABI Research, the eRedCap technology is projected to dominate, claiming a staggering 70% market share by 2029. This trend indicates a significant shift from mid-range 4G-level solutions to advanced 5G-based alternatives.
- Key Drivers:
- Increased demand for connectivity
- Shift towards 5G technology
- Expansion of IoT applications across industries
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.