The rapidly developing and expanding IoT market offers great opportunities for device manufacturers. New applications and the enormous number of devices with wireless connectivity have also prompted various wireless standards stakeholders to develop new standards or update existing ones to meet IoT-specific requirements.
The predicted market growth for IoT-related applications and devices varies, but one estimate is that it will be around 16% by 2025. This wide range of IoT applications requires the use of not just one, but several wireless standards if all application scenarios are to be realized. This in turn also means that coexistence issues must be addressed appropriately. Bluetooth 5 is characterized by twice the speed, four times the range and eight times the number of advertising channels.