Global Cellular IoT Connections Up 24% YoY in 2023 with China Dominating

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Dec 2, 2024

Overview:

The global cellular IoT connections market continued its year-over-year growth in 2023, with total connections surpassing 3.3 billion, driven primarily by China. While the market is set to expand further, the majority of connections are expected to consolidate among leading MNOs worldwide, a trend likely to persist for the next few years. Meanwhile, certain regions are increasingly adopting LPWA technologies as legacy networks are gradually phased out. Broadband technologies such as 4G and 5G are set to play a pivotal role in advancing digital transformation goals globally.

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Category

Industry

IoT

Report Type

Report

Time period

Other

Summary

Published

Dec 2, 2024

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Author

Siddhant Cally

.With more than 8 years of rich experience in the telecommunications industry, Siddhant is currently a Research Analyst at Counterpoint Research. He has previously worked with global leaders such as Bosch and Ericsson, and has managed networks for prominent operators including Claro, Sprint, and RCOM. In his current role, Siddhant focuses on researching and analyzing wireless technologies and their business outlook. He holds an engineering degree in Electronics and Communication, and MBA from IIT Delhi.