Cellular IoT antenna shipments predicted to grow at 14.9% CAGR, reaching 1.2 billion by 2028. Global IoT connectivity revenues rose by 16% to €12.4bn in 2023, highlighting industry growth.
Top 10 mobile operators had a combined active base of 2.9 billion cellular IoT connections in 2023, representing 88% of the total 3.3 billion connections, with China Mobile leading.
International connectivity is a significant segment in the cellular IoT market, dominated by operators with regional and multi-regional operations leveraging network footprints and favorable roaming agreements.
Among Western operators, Vodafone ranked first and fourth globally with 184 million connections, followed by AT&T with 128 million and Deutsche Telekom and Verizon each having 50-57 million connections.
[
Collection
]
[
|
...
]