• Stock
  • Business
  • Editor’s Pick
  • Politics
  • Tech News
BoostYourVolume.com

Cellular IoT connectivity revenues reached € 14.2 billion in 2024

Cellular IoT connectivity revenues reached € 14.2 billion in 2024

A new report from the IoT market research firm Berg Insight says that global IoT connectivity revenues increased 12 percent to reach € 14.2 billion in 2024.

The monthly ARPU dropped 5 percent to € 0.33. IoT connectivity revenues account for 1–4 percent of service revenues for the largest mobile operator groups.

By 2029, Berg Insight projects that there will be 6.4 billion IoT devices connected to cellular networks worldwide, generating annual connectivity revenues of € 22.4 billion.

The top ten mobile operators reported a combined active base of 3.3 billion cellular IoT connections at the end of 2024, accounting for 86 percent of the total 3.8 billion connections. China Mobile is the world’s largest provider of cellular IoT connectivity services with 1.42 billion cellular IoT connections. China Telecom and China Unicom ranked second and third with 628 million and 625 million connections respectively.

Vodafone ranked first among the Western operators and fourth overall with 204 million connections, followed by AT&T with 143 million in fifth place. Deutsche Telekom and Verizon had in the range of 56–60 million cellular IoT connections each. KDDI, Telefónica and Orange were the last players in the top ten with about 49 million, 45 million and 37 million connections respectively. The installed bases of the largest mobile operators grew at a rate of 5–26 percent annually.

graphic: cellular IoT connections world 2023-2029

IoT managed service providers play a key role in the ecosystem. Most players operate as full MVNOs, typically offering IoT connectivity services based on a mix of roaming and local access agreements and sometimes also value-added services targeted at vertical segments. Notable examples include 1GLOBAL, 1NCE, Aeris, BICS, CSL Group, Cubic, emnify, Eseye, floLIVE, Giesecke+Devrient, KORE, Monogoto, Onomondo, Semtech, Soracom, Tata Communications, Teal, Telit Cinterion, Velos IoT and Wireless Logic.

Altogether, IoT managed service providers had more than 200 million cellular IoT connections under management at the end of 2024 and around € 1.8 billion in annual revenues.

The post Cellular IoT connectivity revenues reached € 14.2 billion in 2024 appeared first on IoT Business News.

previous post
Accelerate Welcome Experiences for New Accounts
next post
Why smart meter data security is a priority

You may also like

Harnessing IoT and Data Analytics to Gain Strategic...

July 30, 2025

Why smart meter data security is a priority

July 30, 2025

Accelerate Welcome Experiences for New Accounts

July 30, 2025

New Synaptics Wi-Fi 7 Processors Bring Advanced Connectivity...

July 30, 2025

Europe’s ECC Approves Decision for Satellite to Low-Power...

July 29, 2025

OQ Technology Makes History: First-Ever Image Sent via...

July 29, 2025

Patient Engagement: Why Custom Telemedicine Apps Will Matter...

July 28, 2025

Asimily Launches Tools to Make Business’ IoT Security...

July 28, 2025

Wireless Module Market to Reach $ 13.47 Billion...

July 25, 2025

Chart Mania – 23 ATR Move in QQQ...

July 25, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Harnessing IoT and Data Analytics to Gain Strategic Business Advantage

    July 30, 2025
  • Why smart meter data security is a priority

    July 30, 2025
  • Cellular IoT connectivity revenues reached € 14.2 billion in 2024

    July 30, 2025
  • Accelerate Welcome Experiences for New Accounts

    July 30, 2025
  • New Synaptics Wi-Fi 7 Processors Bring Advanced Connectivity to IoT Devices

    July 30, 2025
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions

Copyright © 2023 BoostYourVolume.com All Rights Reserved.

BoostYourVolume.com
  • Stock
  • Business
  • Editor’s Pick
  • Politics
  • Tech News