ABI Research - Cellular IoT will account for 75% of the installed base of asset trackers in 2023
LTE-M will be more successful in IoT applications that require more continuous tracking capabilities with a low-latency threshold, whereas NB-IoT will address use cases that require periodic tracking of assets across multiple regions due to its energy efficiency and lower cost, said ABI Research.
Cellular low-power wide-area (LPWA) networks running on LTE-M and NB-IoT technologies will account for three-quarters of the installed base of asset trackers in 2023, according to new research.
These will displace non-cellular LPWA solutions, mostly based on LoRa and Sigfox, as the principle connectivity technologies in asset tracking during the next five years.
Adarsh Krishnan, principal analyst at ABI Research, said: "Simple low-cost LPWA enabled asset tracking solutions will transform the supply chain and logistics industry the way smart meters are transforming the energy and water distribution industry."