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New Omdia Research States That Cellular IoT Data Traffic Will Reach 218.6 Exabytes by 2035

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TTGT
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AI Summary

According to Omdia, cellular IoT data traffic is set to surge, reaching 218.6 exabytes by 2035. This trend is driven by the automotive sector's growing data needs and broader 5G adoption, likely benefiting companies like TTGT which are positioned in the IoT space.

Sentiment Rationale

Increased IoT data demand will likely enhance revenues for IoT service providers, including TTGT, referencing past events where tech trends led to user growth and revenue spikes.

Trading Thesis

Buy TTGT, anticipating growth from the IoT surge over the next 1-3 years.

Market-Moving

  • Expected rise in IoT data demand will increase revenues for TTGT.
  • Growth in automotive IoT offers opportunities for TTGT's services.
  • 5G rollout may boost TTGT's market position and client base.
  • Asia's substantial IoT traffic could present expansion opportunities for TTGT.

Key Facts

  • Cellular IoT data traffic is projected to reach 218.6 EB by 2035.
  • Automotive sector expected to dominate IoT data traffic growth.
  • 5G adoption will fuel increases in various industries, especially logistics.
  • Asia and Oceania will account for over half of global IoT traffic by 2025.
  • Emerging trends like remote vision will add new data traffic demand.

Companies Mentioned

  • Omdia (N/A): As a division of TTGT, Omdia's insights directly affect TTGT's market positioning.
  • 5G Network Providers (N/A): 5G adoption growth will support increased IoT data usage impacting TTGT positively.

Industry News

This article qualifies as Industry News since it discusses trends in IoT that could shape the operational landscape for firms like TTGT, reflecting potential growth sectors.

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