A Transforma Insights Report

The last few years have been strange for the Internet of Things (IoT). Many emerging trends in IoT connectivity have come to the forefront. 2G and 3G are on their way out and 4G is the workhorse for much of IoT. Meanwhile 5G and new LPWA networks have arrived, promising significant improvements in bandwidth, latency and power-consumption. The decade also saw the growing importance of cloud and edge computing, the arrival of eSIM, a plethora of new options for providing connectivity and a rapid growth in the software platforms available to support enterprises as they deploy IoT to their critical systems.

More recently COVID had a direct impact on demand, accelerating the pace of change for existing and new IoT use cases; in some cases spectacularly positive, and for others negative.