There will be 24 Million IoT Connections By 2024 - ABI Research

Internet of Things is growing with a steady pace in today’s time and there is no questioning as to what the future holds for it. With the introduction of 5G and Wi-Fi 6, which are built solely for IoT and Big Data, we are inching closer to the transformation of the “smart future”.
The new satellite constellations are being launched and there is a hope that this would help in improving the connectivity options of the IoT market. With these deployments, many applications would eventually benefit due to the large coverage it will provide.

The global tech market advisory firm, ABI Research’s Harriet Sumnall says that by 2024 there will be 24 million IoT connections made not via 5G or Wi-Fi 6 but actually but via satellite.

  

    “Terrestrial cellular networks only cover 20% of the Earth’s surface, while satellite networks can cover the entire surface of the globe, from pole to pole. The expansion of the satellite constellations that are currently in orbit and those due to take place will allow for connectivity to be more global. While the market using satellite connection is still immature, it shows great opportunities for growth.”

With such transitions to be seen, various applications will be affected inclusive of asset tracking and the two most important markets that lie in the satellite space maritime and aviation tracking. The reason behind them being so dependant on the satellite space is the lack of terrestrial infrastructure that is available in their location.
Like Aerial & Maritime, some vendors provide the ship tracking AIS and cost-effective aircraft surveillance ADS-B using nano-satellites and in this field of thought, satellites have been a game-changing technology with its high-end tracking capabilities in a cost-efficient manner. In the coming time, it is expected to see Software Defined Radio technology with the possibility that non-satellites can be used for these actions.

The big names in the satellite providers, such as Globalstar and Inmarsat, are facing new competition from the start-ups like Amazon and SpaceX which are launching Low Earth Orbit (LEO) satellites: which are currently costly for the set-up but in the long run they will result in being cost-effective from larger traditional satellites providing the coverage that other vendors are offering.

 

Sumnall says that with these offerings, the traditional satellite providers will have to rethink their strategies and will have to drive their prices down to come back in the competition with these newcomers.

    “Once the market becomes more successful and has matured, the pricing strategies will drop overall, allowing the satellite IoT connectivity options to compete against terrestrial connectivity options.”

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WiFi 6 vs 5G: What Does It Mean for IoT?

It’s 2019, and we are on the verge of technological breakthroughs with the works on Artificial Intelligence, Machine Learning, IoT, Virtual/Augmented Reality, and Big Data being currently the buzzword in the field of technology. With such buzzwords, there are two new revolutionary technologies making their way to help heed these products and to make the lives of the scientists, the developers, and end-users easier; these two devices are WiFi 6 and 5G.

WiFi 6 is more than just a name, it is the next generation of the wireless standard that is following the current protocol of 802.11ac with 802.11ax. This generation of WiFi will be up to four times faster in the predecessor. With internet services getting faster than ever, it will take full device-dense areas and it will also offer much greater bandwidth than its advantage of this to provide the fastest new speeds.

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5G, on the other hand, is the name of the fifth-generation of wireless technology which will replace the fourth-gen 4G LTE. In comparison to the WiFi 6, 5G covers larger areas, while WiFi 6 handles things on a smaller scale. This fifth-generation is already providing limited devices with a whopping 1 Gbps speed and it is expected to be 100 times faster than 4G LTE, which seems a lot.

The reason behind the massive speed of 5G is its usage for the next-gen tech. This enables much greater capacity and bandwidth to networks, similar to WiFi 6 which will enable the outburst of devices as networks like 5G and WiFi 6 will handle higher usage of data without a slowdown.

These new generation of wireless technologies are coming to transform how we use IoT devices. It is because, with addition to their speeds, these devices will provide signal strength in congested areas; which previously already had too much wireless traffic making it practically impossible to be always on the devices. But with this, this overcrowding problem will become a thing of the past.

In the coming future, with these devices, we will see entire smart homes connected to the WiFi or 5G network. Many home security systems already use the cellular network to monitor and report, but with the help of 5G, it will make it much simpler to not only monitor but to even install it into the smart devices. The efficiency of this new technology will potentially lower the costs on both the devices and networks, so if we look into the business side, this would enable even the small businesses to take advantage of these new technologies.

Hence, these wireless technologies are the playgrounds for the new innovations in the fields of IoT as we move further to becoming the “smart generation”.

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