The latest edition of the Ericson Mobility Report has been released and it reveals that Internet of Things(IoT) is expected to surpass mobile phones as the largest category of connected devices in 2018. Between 2015 and 2021, IoT is expected to increase at a compounded annual growth of 23% making up to close to 16 billion of the total forecast 28 billion connected devices by 2021.
As ItNewsAfrica reports, Western Europe will lead the way in adding IoT connections as the number of IoT devices in this market is expected to grow 400 percent by 2021. A growth that will be driven by regulatory requirements and a growing demand for connected cars.
The Senior Vice President and Chief Strategy Officer of Ericson, Rima Qureshi said that IoT is now an accelerating as device costs fall and innovative applications emerge. She continued to say that from 2020, commercial deployment of 5G networks will provide additional capabilities that are critical fro IoT such as networking slicing and the capacity to connect exponentially more devices than is possible today.
The report also revealed that smartphone subscriptions continued to increase and are forecast to surpass those for basic phones in the third quarter of the year and that by 2021 smartphone subscriptions will have almost doubled from 3.4 billion to 6.3 billion. Furthermore in 2016, a long anticipated milestone is being passed with commercial LTE networks supporting downpeak data speeds of 1Gbps. In the second half of 2016, devices that support 1 Gbps are expected initially in markets such as Japan, US, South Korea and China but it will rapidly spread to other regions.
The Ericson Mobility Report also included feature article on various aspects of the mobile industry, microweather, how teeens are changing TV/Video viewing behaviour and much more.