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IoT connections expected to reach 3.5B in 2023 | Report

13 June 2018 2

Internet of Things (IoT) has always been one of the major applications of a faster internet. And, if we talk about today’s scenario, 5G is the upcoming standard that will quench our thirst for a faster internet. Smart devices require a strong network and connection so as to work smoothly. And, while we already know that these things will get better over the time, a new report from Ericsson is adding some researched numbers to our belief.

Well, it doesn’t matter how much improvement has been made to the smart devices area, a matured or established smart home market is still a milestone to reach.

According to the telecom equipment maker, Ericsson, the number of connected smart devices will quintuple over the next five years as the high-speed 5G networks are coming to play their crucial roles. Ericsson has made this forecast in the Swedish company’s 2018 mobility report. According to the prediction, the market of IoT devices will grow to 3.5 billion units by 2023, five times the 700 million IoT devices which are currently in use.

According to Patrik Cerwall, who runs Industry Marketing at Ericsson said that nearly 1 billion devices will take advantage of a 5G connection. He further said,

"We have been reporting on mobile industry development for a number of years. However, this report is probably one of the more exciting ones because we are at the start of a big change in the industry."

In its semiannual Mobile Report in November last year, Ericsson forecasted that the launch of the first commercial 5G networks will happen later this year. And, this launch will happen in the big markets first, including North America, South Korea, Japan, and China. The company estimates that by 2023, 20 percent of all mobile data traffic will be carried by 5G networks. This means almost 5 years by now we may see more and more connected devices making our lives easier.

The capabilities of the 5th-generation Wireless Systems bring hopes that a strengthening connected world will mark its first beginning.



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