Cellular IoT Fuels Digital Transformation, Revenue to Hit $26 Billion by 2030
Overview:
Global Cellular IoT revenues have continued to grow, surpassing $13.5 billion in 2023, driven by robust growth in cellular IoT connections. This growth trajectory is expected to accelerate, with revenues projected to exceed $26 billion by 2030, fueled by increasing digital transformation initiatives worldwide. Cellular IoT ARPUs will continue to experience fluctuations due to market dynamics and sectors like automotive and smart metering are anticipated to retain a significant market share. The adoption of 5G technology is expected to further reshape the landscape, enabling a variety of value-driven services that will play a pivotal role in transforming the Cellular IoT ecosystem.
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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.
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