In short Mobile operators worldwide earned a combined $15 billion from 3.6 billion cellular IoT connections in 2023– according to IoT Analytics’ Global Cellular IoT Connectivity Tracker & Forecast (updated June 2024) and IoT Mobile Operator Pricing & Market...
In short The enterprise IoT market size reached $269 billion in 2023, representing 15% growth year-over-year, according to the Global IoT Enterprise Spending dashboard (Q2/2024 update). Growth is expected to slow further to 12% in 2024 before re-accelerating in 2025....
Key insights In Q1 2024, the cellular IoT module market grew 7% year-over-year, according to IoT Analytics’ latest Global Cellular IoT Module and Chipset Tracker & Forecast update. Driving this growth was an upswing in module demand in China, which counterbalanced...
In short LPWAN connectivity is on the rise. There were nearly 1.3 billion LPWAN IoT connections globally by the end of 2023, according to IoT Analytics’ Global LPWAN Market Tracker and Forecast 2015–2027 (updated Q1 2024). This is expected to grow at 26% CAGR...
In short The cellular IoT module market was stagnant in Q2’23 according to IoT Analytics latest data. Although IoT modules with dedicated security features are increasingly adopted, 66% of IoT modules shipped in Q2’23 had no dedicated hardware security and 29% had no...
In short: eSIM/iSIM is transforming the dynamics of the cellular IoT market, offering increased flexibility, reduced provisioning time, smaller form factor, enhanced security, and sustainability. The eSIM/iSIM IoT market is poised to surpass the 500-million-units mark...
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