Global Cellular IoT Connectivity Tracker & Forecast (2024 Update)

A purpose-built tool to slice and dice market data for cellular IoT connectivity

Structured market database and webtool

Discover in-depth data on 2G, 3G, 4G, 5G (RedCap), NB-IoT, and LTE-M

  • In-depth look at the quarterly market for cellular IoT connectivity
  • Includes over 4 thousand data points, that allow for detailed drill-down options per year or quarter, category, technology, and operator
  • The tracker gets updated with the most recent data every 6 months
IoT Connectivity Tracker and Forecast - Overview

Database structure

View and analyze data points for

  • 21 mobile network operators
  • 9 cellular connectivity technologies
  • 9 vertical IoT segments
  • 11 regions

See complete product details

IoT Connectivity Tracker and Forecast - Global IoT Revenue ARPU by technology

The accompanying interactive webtool

Discover the Global Cellular IoT Connectivity Dashboard

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Data customization

Slice and dice the IoT data to your needs

  1. Select your metric and world region
  2. Start your analysis per technology or company
  3. Refine and filter
  4. Export data and use it to back-up your IoT strategy
IoT Spending Dashboard - Customize Data and Download

Product specifications

All information about the tracker & forecast at a glance

General description

The Global Cellular IoT Connectivity Tracker & Forecast is a structured market size and forecast database of worldwide cellular IoT connections, comprising the following technologies: 2G, 3G, 4G, 5G (including a breakdown of private and public 5G connections), 5G RedCap, NB-IoT, and LTE-M.

The tracker includes the number of active connections for the period 2010 to Q2 2024 (quarterly for last 7 years), alongside revenue and ARPU for the period 2010 to 2023 (full years), along with forecasts for cellular IoT connections, by technology type, from Q3 2024 to 2030.

Database structure

Timeframe

  • Actuals: Quarterly (Q1 2018 – Q2 2024) & annual (2010-2023)
  • Forecasts: Quarterly (Q3 2024 – Q4 2024) & annual (2024-2030)
  • Companies: 21 mobile network operators
  • Technologies: 9 cellular connectivity technologies
  • Segments: 9 vertical IoT segments
  • Regions: 11 regions

Metrics

Global cellular IoT active connections:

  • Breakdown by technology splits
  • Breakdown by mobile network operators
  • Breakdown by vertical IoT segments
  • Breakdown by region

Global cellular IoT connectivity revenue:

  • Breakdown by mobile network operators
  • Breakdown by technology splits
  • Breakdown by vertical IoT segments

Global Cellular IoT ARPU (Average Revenue Per User):

  • Breakdown by mobile network operators
  • Breakdown by technology splits
  • Breakdown by vertical IoT segments

Global cellular 5G & 5G RedCap IoT connections:

  • Breakdown by deployment type

Selected companies mentioned in the tracker & forecast

Airtel ATT China Mobile China Telecom China Unicom
Deutsche Telekom KDDI KD Corp LGUplus NTTDocomo
Orange SKTelecom SoftBank Sprint Telefonica
Telenor Telia Telstra Tmobile USA Verizon
Vodafone

Industry verticals covered in the tracker & forecast

Building & infrastructure Embedded automotive Fixed access points Home & consumer
Health care Industrial & manufacturing Mobile access points Other energy
Retail Smart Cities & others Smart meters Telematics - OBD and aftermarket
Transportation, supply chain & logistics

Latest data releases

State of enterprise IoT in 2025: Market recovery, AI integration, and upcoming regulations

State of enterprise IoT in 2025: Market recovery, AI integration, and upcoming regulations

In short IoT enterprise spending grew 10% in 2024, its lowest rate in over a decade, according to IoT Analytics’ 89-page State of IoT Spring 2025 report (published February 2025). Hardware segments struggled the most, while software and cloud-based solutions continued to expand. India experienced 14% YoY IoT spending growth, while Europe experienced slower IoT adoption rates. New IoT products in late 2024 heavily focused on AI, security, and connectivity. Why it matters Vendors and end users...

Read full analysis
Global cellular IoT connections surpassed 4 billion in 2024, driven by 5G and LTE Cat 1 bis

Global cellular IoT connections surpassed 4 billion in 2024, driven by 5G and LTE Cat 1 bis

In short Global cellular IoT connections reached 3.9 billion in H1 2024, according to IoT Analytics’ updated Global Cellular IoT Connectivity Tracker & Forecast. Based on ongoing tracking and analysis, cellular IoT connections have surpassed 4 billion as the end of 2024 approaches, representing approximately 22% of global overall IoT connections. Connections are expected to grow at a CAGR of 15% between 2024 and 2030, driven by LTE Cat 1 bis and 5G. Notable mobile operators that gained...

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The role of eSIM for IoT: Better security, simplified roaming, and easier provisioning—but only 33% of cellular IoT devices use it

The role of eSIM for IoT: Better security, simplified roaming, and easier provisioning—but only 33% of cellular IoT devices use it

In short The installed base of eSIM-capable (including iSIM) IoT connectivity modules reached 650 million in 2023, according to IoT Analytics’ IoT eSIM Modules and iSIM Chipsets Market Tracker and Cellular IoT Modules & Chipsets Security Tracker (both updated September 2024). eSIM technology represents a paradigm shift in cellular IoT connectivity, enabling remote SIM provisioning, global connectivity, and enhanced security through a hardware-based approach. Despite the benefits, eSIM...

Read full analysis

What we do to update the data every 6 months

  • Constant monitoring of investor relations documents and news releases for hundreds of IoT companies and specifically the 33 companies that are part of this tracker.
  • Industry-level forecasting based on revenue estimations of chipset vendors, module companies, and network operators.
  • Interviewing of numerous senior IoT experts from connectivity chipset vendors, module companies and network operators.
  • Approximating missing data using several indicators such as general country KPIs (e.g., GDP, population), number of companies supporting or adopting the technology, in a specific region or announcements of network roll-outs and deployments, etc.
IoT Spending - Funnel

Access the full version for hands-on help on your IoT connectivity journey

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Understand the global cellular IoT market: market size, market growth, players, technologies, and pricing trends, including forecasts until 2027

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Receive semi-annual data updates

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Slice and dice the data according to your individual needs (e.g., by region or cellular connectivity technology)

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Prajwal Praveen

Prajwal Praveen

Senior Sales Manager

Phone: + 49 (0) 408 221 1722
Email: sales@iot-analytics.com

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