ABI Research forecasts the IoT will represent 15% of Wi-Fi, 27% of Bluetooth, and over 60% of 802.15.4 device shipments by 2022, as these technologies continue to evolve and target emerging opportunities ranging from wearables and healthcare to beacons, smart home, building and industrial automation, and smart cities, among others. LPWAN and legacy M2M cellular technologies are set to ship nearly 575 million chipsets by 2022, growing faster than any short-range connectivity solution across IoT verticals.
ABI Research finds that cellular and LPWAN technologies, often perceived as more reliable than short-range connectivity solutions, require less intermediary gateways, can support greater distances between end nodes, and scale from the very smallest to the largest number of end devices, while providing a battery life that exceeds 10 years. Therefore, to maintain their status in the competitive market, short-range wireless chipset suppliers will need to take advantage of mesh networking functionality, lower chipset costs, wider availability, greater brand awareness, established and proven technologies, security features, IPv6 support, no service costs, and other unique advantages that include higher data rates and strong presence in human-machine interface devices like smartphones.
“IoT markets are diverse, and there is no one size fits all technology solution,” concludes Zignani. “Implementers and product designers must make numerous decisions on the required bandwidth, coverage area, capacity, reliability, battery life, cost, security features, topology, and frequency of messages, scalability, among other criteria. Only then will many of these technologies be able to carve out success stories despite the strong competitive landscape.”
These findings are from ABI Research’s Wireless Connectivity Technology Segmentation & Addressable Markets (https://www.abiresearch.com/market-research/product/1027189-wireless-connectivity-technology-segmentat/) report.
About ABI Research
ABI Research stands at the forefront of technology market intelligence, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company’s global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
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SOURCE ABI Research