5G IoT to Generate $9B in Global Revenue by 2026: Juniper

The global cellular IoT market will reach $61 billion in value by 2026, rising from $31 billion in 2022, with the growth of 5G and cellular low-power wide area (LPWA) technologies the key drivers, reported Juniper Research Tuesday. LPWA solutions such as narrowband IoT will be the fastest-growing cellular IoT technologies within the forecast period, with LPWA connections expected to grow 1,200%, said Juniper. 5G IoT services will generate $9 billion in global revenue by 2026, rising from $800 million in 2021, it said: That's "growth of 1,000% over the next five years as 5G coverage expands and operators benefit from the increased number of 5G IoT connections.”