Agency: Industry, automotive and utilities are expected to remain the largest verticals for IoT connectivity in 2022-2030

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36氪 was informed that a recent research report released by Strategy Analytics predicts that the compound annual growth rate of IoT cellular connections will reach 14% from 2022 to 2030. The report states that the largest industries will continue their growth trajectories, with industrial IoT connectivity growing from 17% in 2022 to 21% in 2030 and automotive from 15% in 2022 to 2030 during the 2022-2030 forecast period. 18% in 2030. In 2022, industry is the leading industry, accounting for 17% of total IoT connections, followed by automotive and utilities with 15% each.
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