5G subscriptions in Australia are forecasted to reach 9.6 million in 4 years
According to GlobalData, machine to machine (M2M)/IoT connections are set to drive at a compound annual growth rate (CAGR) of 11% between 2019 and 2024 in Australia.
Australian MNOs have already started investing to strengthen M2M/IoT infrastructure. For example, Telstra has been upgrading its M2M/IoT network using a long-range narrowband-IoT (NB-IoT) solution from Ericsson. It is capable of extending an NB-IoT enabled base station’s reach up to 100km from the previous limit of 40km.