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Connectivity Predictions for 2022: How COVID and IoT Will Impact Telecommunications Growth

January 27, 2022

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With the introduction of 5G, telecommunications has shown immense growth over the past year. According to the Telecoms Global Market Report, the market is expected to reach $3461.03 billion in 2025 at a CAGR of 6%.

But currently, the industry is at an inflection point. The innovation of the devices themselves have shown very little change in design or technology and everyone who wants a device already owns one, research states the current average is 3.96 devices per person. This begs the question, what will drive this rapid growth over the coming years? The answer is in IoT.

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