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

Benchmarking IoT mobile operator pricing: MNOs vs. MVNOs

Benchmarking IoT mobile operator pricing: MNOs vs. MVNOs

In short There were 3.6 billion active cellular IoT connections in 2023, approximately 21% of global IoT connections, according to the 159-page IoT Mobile Operator Pricing and Market Report 2024–2030 and its accompanying mobile operator database. Two IoT mobile operator types provide cellular IoT connectivity: mobile network operators (MNOs) and mobile virtual network operators (MVNOs). A benchmark of the two types shows that MVNO IoT services cost substantially less than MNO IoT services due...

Read full analysis
Global cellular IoT connectivity market reached $15B in 2023, 5G set to drive further growth

Global cellular IoT connectivity market reached $15B in 2023, 5G set to drive further growth

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 Report 2024–2030 (released July 2024). Mobile operators’ IoT revenue growth rate of 23% YoY exceeded that of IoT software companies and hyperscalers in 2023. Cellular IoT connections grew even while the shipments and revenue for...

Read full analysis
5 things to know about the LPWAN market in 2021

5 things to know about the LPWAN market in 2021

In short The low-power wide-area network (LPWAN) market had strong growth over the past two years despite COVID-19 and chipset shortages, according to the latest LPWAN Market Report 2021–2026.Four technologies account for over 95% of the global installed base.Adoption is strongest in China and the smart metering use case.The migration away from second generation/third generation (2G/3G) technology is happening slowly, while low-power satellite IoT connectivity is increasing. Why it matters?...

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

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