Global Cellular IoT Market 2024-2028: Full Research Suite

Our Cellular IoT research suite provides a comprehensive evaluation of the rapidly growing cellular IoT market; identifying the key trends, technologies, and specifications affecting the market. This market-leading research suite provides stakeholders, including operators and IoT vendors, with a must-read assessment of the current and future market, delivering insight into the following areas:

The introduction of 3GPP’s (Third-generation Partnership Project) RedCap (Reduced Capability)
Digital twins in cellular IoT
eSIMs (embedded Subscriber Identity Module) and the GSMA’s (Global System for Mobile Communications Association) SGP 32 specifications and their impact on cellular IoT
Federated learning applications for cellular IoT
Cellular IoT satellite connectivity trends, monetisation, and value-added services
System integrators services and approaches for cellular IoT devices, software, and platforms
Quantum security for cellular IoT and management platforms, including quantum-resistant cryptography and quantum key distribution
The suite includes a data deliverable; sizing the future market and providing key forecast data, comprising splits for mobile technologies including 2G and 3G, 4G, 5G, and LPWA (Low-power Wide‑area) through to 2028. It also features a Juniper Research Country Readiness Index; evaluating 60 key countries’ readiness for cellular IoT monetisation over the next five years, and a Juniper Research Competitor Leaderboard which provides a comprehensive analysis of the key players in the cellular IoT market.

Please note: the online download version of this report is for a global site license.


1. Key Trends & Strategic Recommendations
1.1 Key Takeaways
1.2 Strategic Recommendations
2. Market Outlook
2.1 Introduction
Figure 2.1: Total Number of Cellular IoT Devices (m), 2023-2028
2.2 Key Cellular IoT Market Developments
2.2.1 Innovation in Thermoelectricity Powered IoT
2.2.2 Guidelines Developed for Single-Nanometre Magnetic Tunnel Junctions
Figure 2.2: MTJ Structure
2.2.3 3GPP Release 18
Figure 2.3: 3GPP Release Schedule for Release 18 and Release 19
2.2.4 3GPP Release 19
2.3 Key Networks for Cellular IoT
Figure 2.4: Total Number of Cellular IoT Devices, Split by Network Technology (m), 2023 2028
2.3.1 4G LTE Networks
Figure 2.5: Total Number of 4G Cellular IoT Devices (m), 2023-2028
2.3.2 5G Networks
Figure 2.6: Total Number of 5G Cellular IoT Devices (m), Split by 8 Key Regions, 2023-2028
Table 2.7: 5G Cellular IoT Use Cases
2.3.3 LPWA Networks
Figure 2.8: Total Number of LPWA Connections (m), Split by 8 Key Regions, 2023-2028
Figure 2.9 Cellular LPWA Network Launches Map, 2023
i. NB-IoT
ii. LTE-M
Figure 2.10: Key LTE-M Use Cases
3. Key Monetisable Opportunities
3.1 Key Monetisable Opportunities in Cellular IoT
3.1.1 3GPP Releases RedCap
Table 3.1: RedCap Capabilities
3.1.2 Digital Twins in Cellular IoT
eSIMs and eUICC (Embedded Universal Integrated Circuit Card)
i. GSMA Releases New eSIM Specification for Constrained IoT Devices
Figure 3.2: New GSMA eSIM Architecture for IoT Devices
3.1.3 Federated Learning in Cellular IoT
Figure 3.3: The Process of Federated Learning
Table 3.4: Federated Learning Client Selection Methods
3.1.4 Satellite Connectivity
Table 3.5: Key Satellite Categories for NTNs
Figure 3.6: IoT Satellite Use Cases
i. 3GPP Release 17 Satellite Network Specifications
ii. 3GPP Release 18
iii. CubeSat and Nanosatellites
Table 3.7: Types of SmallSats
Figure 3.8: CubeSat Units
3.1.5 System Integrators
3.1.6 Quantum-backed Security for Cellular IoT
Figure 3.9: Graphical Representation of a Quantum Bit with a Bloch Sphere
i. Quantum Cryptography for Cellular IoT
ii. Integrating Quantum Security into IoT Management Platforms
iii. Quantum-resistant Cryptography
4. Country Readiness Index
4.1 Cellular IoT Country Readiness Index
Figure 4.1: Juniper Research’s 8 Key Regions
Table 4.2: Cellular IoT: Country Readiness Index Scoring Criteria
Figure 4.3: Juniper Research Cellular IoT Country Readiness Index
4.2 Regional Analysis
4.2.1 North America
Figure 4.4: Total Number of Cellular IoT Devices (m), Split by Country, 2023-2028
i. The US
Figure 4.5: Total Operator Cellular IoT Revenue in the US ($m), 2023-2028
4.2.2 Latin America
Figure 4.6: Total Revenue from Cellular IoT in Latin America ($m), 2023-2028
4.2.3 West Europe
Figure 4.7: Total Number of Cellular IoT Devices in West Europe (m), Split by SIM Type, 2024
4.2.4 Central & East Europe
Figure 4.8: Total Operator Revenue from Cellular IoT in Central & East Europe ($m), Split by Country, 2023-2028
Figure 4.9: Total Number of Cellular IoT Devices in Central & East Europe (m), 2023-2028
4.2.5 Far East & China
Figure 4.10: Total Operator Revenue from Cellular IoT Far East & China ($m), Split by 4 Key Countries, 2023-2028
Figure 4.11: Total Number of 5G and LPWA Cellular IoT Devices in Far East & China (m), Split by 5G and LPWA Networks, 2023-2028
i. China
Figure 4.12: Total Number of Cellular IoT Devices in China (m), 2023-2028
Figure 4.13: Total Operator Revenue from Cellular IoT in China ($m), 2023-2028
4.2.6 Indian Subcontinent
Figure 4.14: Total Number of Cellular IoT Connections in Indian Subcontinent (m), Split by 4 key Countries 2023-2028
Figure 4.15: Total Operator Revenue from Cellular IoT in Indian Subcontinent ($m), 2023 2028
4.2.7 Rest of Asia Pacific
Figure 4.16: Total Number of Cellular IoT Devices in Rest of Asia Pacific (m), 2023-2028
Figure 4.17: Total Operator Revenue from Cellular IoT in Rest of Asia Pacific ($m), 2023 2028
4.2.8 Africa & Middle East
Figure 4.18: Total Cellular IoT Modules Shipped in Africa & Middle East (m), 2023-2028
Figure 4.19: Total Number of LPWA Cellular IoT Devices (m), 2023-2028
i. Saudi Arabia
Figure 4.20: Total Number of Cellular IoT Devices in Saudi Arabia (m), 2023-2028
Table 4.21: Cellular IoT Heatmap, North America
Table 4.22: Cellular IoT Heatmap, Latin America
Table 4.23: Cellular IoT Heatmap, West Europe
Table 4.24: Cellular IoT Heatmap, Central & East Europe
Table 4.25: Cellular IoT Heatmap, Far East & China
Table 4.26: Cellular IoT Heatmap, Indian Subcontinent
Table 4.27: Cellular IoT Heatmap, Rest of Asia Pacific
Table 4.28: Cellular IoT Heatmap, Africa & Middle East
1. Juniper Research Competitor Leaderboard
1.1 Why Read This Report
Table 1.1: Juniper Research Competitor Leaderboard: Vendors & Product Portfolios (Part One)
Table 1.2: Juniper Research Competitor Leaderboard: Vendors & Product Portfolios (Part Two)
Figure 1.3: Juniper Research Competitor Leaderboard: Cellular IoT
Table 1.4: Juniper Research Competitor Leaderboard: Vendors & Positioning
Table 1.5: Juniper Research Competitor Leaderboard Heatmap: Cellular IoT (1 of 2)
Table 1.6: Juniper Research Competitor Leaderboard Heatmap: Cellular IoT (2 of 2)
2. Vendor Profiles
2.1 Vendor Profiles
2.1.1 AT&T
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.1: AT&T Control Centre Features
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.2 AWS (Amazon Web Services)
i. Corporate Information
ii. Geographical Spread
Figure 2.2: Amazon Web Service Infrastructure Deployments Map, 2023
iii. Key clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.3 BICS
i. Corporate Information
ii. Geographical Spread
Figure 2.3: BICS Global Network Presence Map
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.4 Cisco
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.5 Deutsche Telekom Global Carrier
i. Corporate Information
Table 2.4: Deutsche Telekom’s Global Carrier Select Financial Information (Billion)
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.5: Deutsche Telekom Cloud of Things Features and Services
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.6 Huawei
i. Corporate
Table 2.6: Huawei’s Select Financial Information ($m), 2019-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.7: Huawei IoT Device Management
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.7 iBASIS
i. Corporate
ii. Geographical Spread
Figure 2.8: iBASIS’ Global Customer Connections
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.8 Kore Wireless
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.9: Kore One Platform
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.9 Microsoft
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.10 Oracle
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.11 Orange Business Services
i. Corporate Information
ii. Geographical Spread
Figure 2.10: Orange Operations Map
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Partnerships
2.1.12 PTC
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.11: ThingWorx
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.13 Tata Communications
i. Corporate Information
Table 2.12: Tata Communications’ Select Financial Information (₹ in crore), FY20-22
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.14 Telefónica Global Solutions
i. Corporate
Table 2.13: Telefónica’s Select Financial Information (€m), 2020-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.15 Tele2 IoT
i. Corporate Information
Table 2.14: Tele2’s Select Financial Information (SEK M), 2020-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.15: Tele2’s 2ACCESS Data Transfer Management
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.16 Telit Cinterion
i. Corporate Information
Table 2.16: Telit Cinterion’s Select Financial Information ($m), 2020-2021
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.17 Verizon
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.18 Vodafone Business
i. Corporate Information
Table 2.17: Vodafone Business’ Select Financial Information (€m), FY 2022-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.18: Vodafone Business’ LPWA Services Availability
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.2 Juniper Research Leaderboard Assessment Methodology
2.3 Limitations & Interpretations
Table 2.19: Juniper Research Competitor Leaderboard: Cellular IoT
1. Introduction and Methodology
1.1 Introduction & Forecast Methodology
Figure 1.1: Total Number of Cellular IoT Devices (m), Global, 2023-2028
1.2 Cellular IoT Forecast Methodology
Figure 1.2: Cellular IoT Forecast Methodology
2. Market Summary and Future Market Outlook
2.1 Total Number of Cellular IoT Connections
Figure & Table 2.1: Total Number of Cellular IoT Connections (m), Split by 8 Key Regions, 2023-2028
2.2 Total Operator Revenue from Cellular IoT Connections
Figure & Table 2.2: Total Operator Revenue from Cellular IoT Connections ($m), Split by 8 Key Regions, 2023-2028
2.3 Total Data Generated by Cellular IoT Connections
Figure & Table 2.3: Total Data Generated by Cellular IoT Connections (PB), Split by 8 Key Regions, 2023-2028
2.4 Total Cellular IoT Modules Shipped
Figure & Table 2.4: Total Cellular IoT Modules Shipped (m), Split by 8 Key Regions, 2023-2028
Table 2.5: Total Expenditure on Cellular IoT Modules Shipped ($m), 2023-2028
3. 2G & 3G IoT
3.1 Total 2G & 3G IoT Connections
Figure & Table 3.1: Total 2G and 3G IoFigure 1.1: asT Connections (m), Split by 8 Key Regions, 2023-2028
3.2 Total Operator Revenue from 2G and 3G IoT Connections
Figure & Table 3.2: Total Operator Revenue From 2G and 3G IoT Connections ($m), Split by 8 Key Regions, 2023-2028
Table 3.3: Proportion of Cellular IoT Connections That Are 2G and 3G (%), Split by 8 Key Regions, 2023-2028
4. 4G IoT
4.1 Total Number of 4G Cellular IoT Connections
Figure & Table 4.1: Total Number of 4G Cellular IoT Connections (m), Split by 8 Key Regions, 2023-2028
4.2 Total Operator Revenue from 4G Cellular IoT
Figure & Table 4.2: Total Operator Revenue from 4G Cellular IoT ($m), Split By 8 Key Regions, 2023-2028
4.3 Total Data Generated by 4G Cellular IoT
Figure & Table 4.3: Total Data Generated by 4G Cellular IoT (PB), Split by 8 Key Regions, 2023-2028
4.4 Total Number of 4G Cellular IoT Modules Shipped
Figure & Table 4.4: Total Number of 4G Cellular IoT Modules Shipped (m), Split by 8 Key Regions, 2023-2028
Table 4.5: Total Expenditure on 4G Cellular IoT Modules Shipped ($m), Split by 8 Key Regions, 2023-2028
5. 5G IoT
5.1 Total Number of 5G IoT Connections
Figure & Table 5.1: Total Number of 5G IoT Connections (m), Split by 8 Key Regions, 2023-2028
5.2 Total Operator Revenue from 5G IoT Connections
Figure & Table 5.2: Total Operator Revenue From 5G IoT Connections ($m), Split by 8 Key Regions, 2023-2028
5.3 Total Data Generated by 5G IoT Connections
Figure & Table 5.3: Total Data Generated by 5G IoT Connections (PB), Split by 8 Key Regions, 2023-2028
5.4 Total Number of 5G Cellular IoT Modules Shipped
Figure & Table 5.4: Total Number of 5G Cellular IoT Modules Shipped (m), Split By 8 Key Regions, 2023-2028
Table 5.5: Total Expenditure on 5G Cellular IoT Modules Shipped ($m), Split by 8 Key Regions, 2023-2028
6. LPWA IoT
6.1 Total Number of LPWA IoT Connections
Figure & Table 6.1:Total Number of LPWA IoT Connections (m), Split by 8 Key Regions, 2023-2028
6.2 Total Operator Revenue from LPWA Cellular IoT Connections
Figure & Table 6.2: Total Operator Revenue from LPWA Cellular IoT Connections ($m), Split by 8 Key Regions, 2023-2028
6.3 Total Data Generated by LPWA Cellular IoT Connections
Figure & Table 6.3: Total Data Generated by LPWA Cellular IoT Connections (PB), Split by 8 Key Regions, 2023-2028
6.4 Total Number of LPWA IoT Modules Shipped
Figure & Table 6.4: Total Number of LPWA IoT Modules Shipped (m), Split by 8 Key Regions, 2023-2028
Table 6.5: Total Expenditure on LPWA IoT Modules Shipped ($m), Split by 8 Key Regions, 2023-2028

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