Global Cellular Iot Market Size & Outlook, 2023-2030
The cellular iot industry worldwide is expected to reach a projected revenue of US$ 31,689.8 million by 2030. A compound annual growth rate of 26.5% is expected of the worldwide cellular iot industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,118.3
Forecast, 2030 (US$M)
$31,689.8
CAGR, 2024 - 2030
26.5%
Report Coverage
Worldwide
Global cellular iot market, 2018-2030 (US$M)
Global cellular iot market highlights
- An overview of the global cellular iot market trends heading towards 2030. The global market generated a revenue of USD 6,118.3 million in 2023 and is expected to reach USD 31,689.8 million by 2030.
- The overall growth of the global market from 2023 to 2030. The market is expected to grow at a CAGR (2024 - 2030) of 26.5% to attain a revenue of USD 31,689.8 million by 2030.
- A look at the global market revenues per segment in 2023. In terms of segment, hardware accounted for a revenue of USD 6,118.3 million in 2023.
- The segment witnessing the fastest revenue growth within the market. Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- An overview of global market per region and country. In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 6,118.3 million |
| Market revenue in 2030 | USD 31,689.8 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global cellular iot market in 2023.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cellular IoT Market Scope
Cellular iot market segmentation & scope
End Use
Agriculture
Automotive & Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
Technology
2G
3G
4G
5G
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
South Korea
Brazil
Saudi Arabia
South Africa
Cellular IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cellular iot market size, by regions, 2018-2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
