The shipment of cellular IoT modules is expected to reach 514 million units in 2024.
The Internet of Things (IoT) continues to evolve and expand into new areas. By the end of 2024, approximately 4.3 billion devices are expected to be connected to wide area networks based on cellular or LPWA technology. This report focuses on the key technological ecosystems in wide area IoT networking (the 3GPP ecosystem for cellular technology, the LoRa and Sigfox ecosystems for LPWA technology), as well as emerging LPWA technologies such as IEEE 802.15.4-based protocols, Wirepas Mesh, DECT-2020 NR (NR+), and Mioty. Berg Insight estimates that by the end of 2024, the number of cellular IoT subscribers will reach 3.8 billion globally, which corresponds to 30% of all mobile subscribers. The annual shipment of cellular IoT modules is expected to reach 514 million units in 2024, representing a 22% increase from the previous year. The annual revenue from cellular IoT modules has increased by 13% to reach 6 billion USD. [Contents] ■ Wide area networks for IoT ■ 3GPP ecosystem ■ LoRa and LoRaWAN ecosystem ■ Emerging LPWA ecosystem ■ Market forecasts and trends
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Publisher: Berg Insights Publication Month: June 2025 Report Language: English *For more details, please visit our website or refer to the sample materials.
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