5G RedCap connections predicted to surge by 66% CAGR, reaching 963.5 million by 2030 as 4G networks phase out.

Omdia predicts that 5G RedCap connections will surge by 66% CAGR, reaching 963.5 million by 2030 as 4G networks phase out. RedCap, a lower-capability version of 5G, and its enhanced variant, eRedCap, are set to replace current LTE devices. This transition supports cost-effective IoT applications, reflecting a growing industry readiness for 5G technology. The report highlights ongoing hardware launches and the significance of 5G Standalone rollouts for IoT growth.

October 02, 2024
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