In short More than 100 vendors are currently active in the satellite IoT market landscape, according to IoT Analytics’ Satellite IoT Market Report 2025–2030 (published June 2025). The market is highly dynamic, leading to an increasingly fragmented market, more satellites in LEO orbit and legacy vendors adopting multi-orbit and hybrid strategies Why it matters For satellite IoT market players: Standards like 3GPP NTN, along with governments promoting satellite connectivity with policy upda...| IoT Analytics
In short Shipments of cellular IoT modules and chipsets grew 23% year-over-year in Q1 2025, according to IoT Analytics’ Global Cellular IoT Module and Chipset Market Tracker & Forecast. This marks the fifth straight quarter of shipment growth as inventory correction drives renewed demand. Geopolitical tension and regulations are creating a dynamic market environment, as key market player u-blox exits the cellular IoT module business. The top 5 companies by module shipments—Quectel, China ...| IoT Analytics
In short The number of satellite IoT connections reached 7.5 million in 2024, according to IoT Analytics’ Satellite IoT Market Report 2025–2030 (published June 2025). The market for satellite IoT connectivity and equipment is expected to grow at a 26% CAGR until 2030, surpassing $4.7 billion. 5 key drivers are poised to propel this growth: 1) Technological advancements reducing costs 2) Providers implementing multi-orbit and hybrid network strategies 3) Emergence of standardized connectiv...| IoT Analytics
In short IoT enterprise spending grew 10% in 2024, its lowest rate in over a decade, according to IoT Analytics’ 89-page State of IoT Spring 2025 report (published February 2025). Hardware segments struggled the most, while software and cloud-based solutions continued to expand. India experienced 14% YoY IoT spending growth, while Europe experienced slower IoT adoption rates. New IoT products in late 2024 heavily focused on AI, security, and connectivity. Why it matters Vendors and end user...| IoT Analytics
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 ce...| IoT Analytics
Key insights In Q1 2024, the cellular IoT module market grew 7% year-over-year, according to IoT Analytics’ latest Global Cellular IoT Module and Chipset Tracker & Forecast update. Driving this growth was an upswing in module demand in China, which counterbalanced the remaining inventory and demand issues in much of the world. Connectivity technologies like 5G and LTE Cat-1 bis experienced a combined 67% market growth year-over-year, contributing to the overall cellular IoT module market gr...| IoT Analytics
In short LPWAN connectivity is on the rise. There were nearly 1.3 billion LPWAN IoT connections globally by the end of 2023, according to IoT Analytics' Global LPWAN Market Tracker and Forecast 2015–2027 (updated Q1 2024). This is expected to grow at 26% CAGR until 2027. NB-IoT comprises 58% of these connections. However, that does not tell the whole story about NB-IoT’s global adoption, as China’s nationwide adoption policy has greatly skewed this number. In 2023, licensed LPWAN connec...| IoT Analytics