Berg Insight report: Cellular IoT connectivity revenues reached €14.2 billion in 2024 – SatNews

Global cellular IoT connections to reach 6.4 bn by 2029 as operators shift to value-added services - TelecomLead

Global cellular IoT connections grew by 14 percent in 2024 to reach 3.8 billion, and are projected to hit 6.4 billion by 2029, according to Berg Insight. Cellular IoT connections report Berg Insights While connectivity volumes are expanding at a CAGR of 11.0 percent, IoT connectivity revenues are growing more slowly at 9.6 percent CAGR—from €14.2 billion in 2024 to €22.4 billion in 2029. Monthly ARPU is declining, expected to fall from €0.33 to …

Berg Insight report: Cellular IoT connectivity revenues reached €14.2 billion in 2024 – SatNews

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 co…