Juniper Research: Global cellular IoT devices to double by 2028

A recent study conducted by Juniper Research projects a surge in the number of cellular IoT devices worldwide.

According to Juniper’s findings, the current count of 3.4 billion such devices is set to skyrocket to 6.5 billion by 2028, marking a 90 percent growth in connections over the four-year period.

However, the study also highlights a critical challenge accompanying this exponential growth. It suggests that meeting the escalating demand for IoT connectivity will...

12 March 2024 | 4G

Global IoT connectivity revenues continue to surge

According to a report by IoT market research firm Berg Insight, global IoT connectivity revenues are continuing to surge.

The researchers note that revenues increased by 24 percent in 2022 to reach $13.9B (£9.37B) in 2022. The decline in global Average Revenue Per User (ARPU) also decelerated and dropped by just one percent to €0.49 (£0.33).

IoT connectivity revenues typically account for around two percent of the total revenues for the largest mobile operator...

20 July 2023 | 4G

Soracom aims to improve IoT connectivity affordability

Soracom has introduced a new cellular IoT data plan aimed at European startups and small and medium-sized businesses (SMBs).

The plan, called Plan X3-EU, is designed to facilitate the rapid deployment of connected products and services while minimising data costs.

With rates starting at just €4.50 for a full year of cellular IoT data at 25MB per month, Soracom's Plan X3-EU offers an affordable and transparent solution for M2M devices and sensors.

One of the...

13 July 2023 | 4G

The cellular IoT market will exceed $61B by 2026

Juniper Research predicts the value of the global cellular IoT market will exceed $61 billion by 2026.

The value of the global cellular IoT market in 2022 is $31 billion. If the researchers’ projections are correct, it means a 95 percent value growth over just four years.

Growth will be driven by the rollout of 5G and cellular LPWA (Low-Power Wide-Area) technologies.

Charles Bowman, a co-author of the research, said:

“Operators must educate users...

15 February 2022 | 5G

Berg Insight: Global cellular IoT connections grew 12% last year to reach 1.7B

Research from Berg Insight suggests the number of global cellular IoT connections continued to grow at a healthy pace last year.

An overall increase in the number of IoT connections is unsurprising over the past year as more people became accustomed to remote working and finding ways to make their home environments more productive and enjoyable. However, most home IoT connections aren’t cellular.

Berg Insight says the global number of cellular IoT subscribers increased...

2 August 2021 | Connected Vehicles