IoT Applications in Retail - 7th Edition
The number of cellular IoT connections in the retail industry reached 147 million in 2023.
Berg Insight has announced a new research report on the IoT application market in the retail industry. The retail sector is a significant industry for cellular IoT connections, with the current number of cellular connections at 147.9 million and a potential market size of over 372 million POS terminals, ATMs, vending machines, parking meters, digital signage, and toll collection devices worldwide. Berg Insight predicts that the number of cellular IoT connections in the retail industry will grow at a compound annual growth rate (CAGR) of 10.0%, reaching 217.7 million connections globally by 2028. The shipment of cellular IoT devices is also expected to increase from 57.9 million units in 2023 to 78.2 million units by 2028, at a CAGR of 6.2%. Cellular IoT technology enables the use of devices such as POS terminals and ATMs in new locations where fixed-line connections are unavailable or impractical. [Contents] ■ Overview ■ POS Terminals and ATMs ■ Vending Machines ■ Parking Meters ■ Public Transport Ticketing ■ Digital Signage ■ Forecasts and Conclusions
