A new study from Juniper Research predicts that service provider revenues from connecting low power IoT devices will exceed $2.6 billion by 2024; growing from $290 million in 2019, representing an 800 percent increase over the next five years.
Low power IoT technologies include low-priced wireless connections that deliver low bandwidth and power saving features suited to asset monitoring.
Juniper analysts predict that low power IoT connections supplied by mobile operators will reach 156 million by 2024, up from four million in 2019.
Networks using an unlicensed spectrum, such as Sigfox and LoRa, will provide 160 million connections by 2024.
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