Global Internet of Things (IoT) Connectivity Market - Types, Applications and Industry Sectors

August 2025 | 488 pages | ID: G61B1F6DBA21EN
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Global Internet of Things (IoT) Connectivity Market Trends and Outlook

The global Internet of Things (IoT) connectivity market is entering a transformative growth phase, projected to expand from US$31.8 billion in 2024 to over US$60.8 billion by 2030, growing at a CAGR of 11.4%. This acceleration is driven by the rapid evolution from basic device connectivity toward intelligent, SLA-driven, and application-specific network solutions. IoT deployments are being increasingly influenced by AI and edge integration, demand for localized processing, eSIM/iSIM adoption, and the commercialization of new technologies such as 5G RedCap and LEO satellites. Connectivity is no longer a commodity, it's a competitive differentiator, especially as enterprises shift toward full-stack, secure, and monetizable connectivity-as-a-service (CaaS) offerings.

Regionally, Asia-Pacific dominates the global landscape with the largest share in 2024 (~36.5%) and is also the fastest-growing region, expected to reach US$25.3 billion by 2030 at a CAGR of 13.9%. Growth is underpinned by aggressive smart infrastructure rollouts in China and India, strong public-private partnerships, and the expansion of both LPWAN and cellular IoT ecosystems. Europe and North America follow, with Europe benefiting from green digital mandates and data sovereignty regulations, while North America leads in high-value deployments such as private 5G networks and cross-border asset tracking.

Leading players in the global IoT connectivity ecosystem include Vodafone, AT&T, China Mobile, KORE Wireless, Eseye, Telit, and EMnify, many of whom are transitioning from network providers to platform-centric orchestrators offering managed services, CaaS bundles, and vertical-specific solutions.

Internet of Things (IoT) Connectivity Regional Market Analysis

In 2024, Asia-Pacific emerged as the largest regional market, accounting for approximately 36.5% of global revenue. This leadership is driven by rapid smart infrastructure deployment, strong investments from China and India, and the widespread rollout of cellular IoT and LPWAN technologies. Asia-Pacific is also expected to remain the fastest-growing region, with a CAGR of 13.9% between 2024 and 2030. This growth is bolstered by rising adoption in energy, manufacturing, and urban mobility sectors, along with national strategies to digitize agriculture and public infrastructure. South America, while smaller in absolute terms, closely follows, driven by demand for remote asset tracking, smart agriculture, and government-led urban safety initiatives. The robust pace in emerging regions highlights the shift from traditional device-centric models toward SLA-backed, intelligent connectivity platforms tailored for regional needs.

Internet of Things (IoT) Connectivity Market Analysis by Connectivity Type

Cellular connectivity remained the dominant segment in the global IoT connectivity market, accounting for approximately 57.4% of total market value in 2024. Its widespread adoption across automotive, industrial automation, and logistics sectors continues to drive growth, particularly through 4G, LTE-M, NB-IoT, and the ongoing 5G rollout. The second-largest segment in 2024 was LPWAN (Low Power Wide Area Networks). From a growth standpoint, LPWAN is forecast to be the fastest-growing connectivity type, expanding at a 14.2% CAGR between 2024 and 2030. This growth is fueled by the global proliferation of smart utility projects, battery-efficient IoT deployments, and expansion in remote and infrastructure-poor regions.

Internet of Things (IoT) Connectivity Market Analysis by Application

In 2024, smart metering represented the largest application segment, cornering 22% of the global market. Its leadership is driven by widespread deployment in utilities, especially in Asia-Pacific and Europe, where smart grid modernization and regulatory mandates are accelerating LPWAN-based connectivity adoption. Smart metering is also projected to be the fastest-growing segment, expanding at a 13.7% CAGR between 2024 and 2030, to reach US$15 billion. This rapid growth is attributed to ongoing utility digitization, emissions compliance initiatives, and large-scale rollout of intelligent energy infrastructure. Smart cities is the second fastest-growing application, supported by rising investments in traffic intelligence, surveillance, pollution monitoring, and urban mobility.

Internet of Things (IoT) Connectivity Market Analysis by Company Type

Large enterprises accounted for the majority share of the global IoT connectivity market in 2024, with approximately 74% of total market revenue. Their dominance stems from complex, large-scale IoT deployments in sectors such as automotive, utilities, manufacturing, and logistics, where integration with private networks, eSIMs, and multi-region orchestration is critical. Between 2024 and 2030, SMEs are projected to be the fastest-growing customer group, expanding at a 13.4% CAGR. This acceleration is driven by increasing affordability of IoT hardware, simplified onboarding through cloud-native platforms, and rising adoption in verticals such as smart retail, agriculture, and light industry.

Internet of Things (IoT) Connectivity Market Analysis by Industry Sector

In 2024, manufacturing was the largest industry sector in the global IoT connectivity market, accounting for around 27% of total market value. This leadership is driven by large-scale adoption of industrial IoT (IIoT), digital twins, predictive maintenance, and factory automation, particularly in China, Germany, and the U.S. Between 2024 and 2030, utilities are projected to be the fastest-growing sector, expanding at a 13.1% CAGR and expected to reach US$9.7 billion by 2030. This strong growth is fueled by global mandates for smart metering, grid resilience, and emissions tracking, all of which rely heavily on long-range, low-power connectivity such as LPWAN. Utilities are increasingly adopting hybrid connectivity models, combining cellular, LPWAN, and satellite solutions, to manage millions of endpoints with secure, centralized orchestration.

Internet of Things (IoT) Connectivity Market Report Scope

This global report on Internet of Things (IoT) Connectivity market analyzes the global and regional market based on Connectivity Type, Application, Company Type and Industry Sector for the period 2021-2030 with forecasts from 2024 to 2030 in terms of value in US$. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.

Key Metrics
Historical Period: 2021-2024
Base Year: 2024
Forecast Period: 2024-2030
Units: Value market in US$
Companies Mentioned: 25+

Internet of Things (IoT) Connectivity Market by Geographic Region
  • North America (The United States, Canada and Mexico)
  • Europe (Germany, the United Kingdom, France, Italy, the Netherlands, Spain, Russia, Switzerland and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, Singapore, South Korea and Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Colombia, Chile, Peru and Rest of South America)
  • Middle East & Africa (the United Arab Emirates, South Africa, Egypt, Saudi Arabia, Morocco, Kuwait, Qatar and Rest of Middle East & Africa)
Internet of Things (IoT) Connectivity Market by Connectivity Type
  • Cellular
  • LPWAN
  • Other Connectivity Types
Internet of Things (IoT) Connectivity Market by Application
  • Predictive Maintenance
  • Smart Metering
  • Asset Tracking
  • Remote Monitoring
  • Smart Buildings
  • Smart Cities
  • Other Applications
Internet of Things (IoT) Connectivity Market by Company Type
  • Large Enterprises
  • SMEs
Internet of Things (IoT) Connectivity Market by Industry Sector
  • Manufacturing
  • Utilities
  • Transportation
  • Retail
  • Healthcare
  • Government & Public
  • Cross-industry
  • Other Industry Sectors
PART A: GLOBAL MARKET PERSPECTIVE

1. EXECUTIVE SUMMARY

A Roundup on Internet of Things (IoT) Connectivity
Market Segmentation for Internet of Things (IoT) Connectivity
  Connectivity Types
  Applications
  Company Types
  Industry Sectors
Key Trends in Internet of Things (IoT) Connectivity Market

2. INDUSTRY LANDSCAPE

Global Internet of Things (IoT) Connectivity Market Outlook
Comprehensive Internet of Things (IoT) Connectivity Industry Analysis - Growth Drivers and Inhibitors
  Growth Drivers
  Growth Inhibitors
Market Entry Strategies for Internet of Things (IoT) Connectivity Industry
Startup Strategies for Internet of Things (IoT) Connectivity Industry
SWOT Analysis of Internet of Things (IoT) Connectivity Industry
  Strengths
  Weaknesses
  Opportunities
  Threats
Porter's Five Forces Analysis
PESTEL Analysis

3. COMPETITIVE LANDSCAPE

Market Positioning of Key Internet of Things (IoT) Connectivity Companies
Market Share Analysis of Internet of Things (IoT) Connectivity Companies
SWOT Analysis of Key Players in the Internet of Things (IoT) Connectivity Industry
Key Market Players
  1NCE
  Actility
  Aeris Communications
  Astrocast
  AT&T
  BICS
  China Mobile
  China Telecom / Unicom
  Deutsche Telekom (T-Mobile)
  EMnify
  Eseye
  Eutelsat / OneWeb
  Iridium Communications
  KORE Wireless
  Lacuna Space
  NTT (Docomo)
  Orange
  Sateliot
  Semtech (LoRa)
  Senet
  Sigfox (Unabiz)
  Soracom
  Telefonica
  Telstra
  Thales
  The Things Industries
  Truphone
  Verizon
  Vodafone

4. KEY BUSINESS & PRODUCT TRENDS

5. GLOBAL MARKET OVERVIEW

Global Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
  Internet of Things (IoT) Connectivity Connectivity Type Market Overview by Global Region
    Cellular
    LPWAN
    Other Connectivity Types
Global Internet of Things (IoT) Connectivity Market Overview by Application
  Internet of Things (IoT) Connectivity Application Market Overview by Global Region
    Predictive Maintenance
    Smart Metering
    Asset Tracking
    Remote Monitoring
    Smart Buildings
    Smart Cities
    Other Applications
Global Internet of Things (IoT) Connectivity Market Overview by Company Type
  Internet of Things (IoT) Connectivity Company Type Market Overview by Global Region
    Large Enterprises
    SMEs
Global Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  Internet of Things (IoT) Connectivity Industry Sector Market Overview by Global Region
    Manufacturing
    Utilities
    Transportation
    Retail
    Healthcare
    Government & Public
    Cross-industry
    Other Industry Sectors

PART B: REGIONAL MARKET PERSPECTIVE

Global Internet of Things (IoT) Connectivity Market Overview by Geographic Region

REGIONAL MARKET OVERVIEW

6. NORTH AMERICA

North American Internet of Things (IoT) Connectivity Market Overview by Geographic Region
North American Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
North American Internet of Things (IoT) Connectivity Market Overview by Application
North American Internet of Things (IoT) Connectivity Market Overview by Company Type
North American Internet of Things (IoT) Connectivity Market Overview by Industry Sector
Country-wise Analysis of North American Internet of Things (IoT) Connectivity Market
  THE UNITED STATES
    United States Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    United States Internet of Things (IoT) Connectivity Market Overview by Application
    United States Internet of Things (IoT) Connectivity Market Overview by Company Type
    United States Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  CANADA
    Canadian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Canadian Internet of Things (IoT) Connectivity Market Overview by Application
    Canadian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Canadian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  MEXICO
    Mexican Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Mexican Internet of Things (IoT) Connectivity Market Overview by Application
    Mexican Internet of Things (IoT) Connectivity Market Overview by Company Type
    Mexican Internet of Things (IoT) Connectivity Market Overview by Industry Sector

7. EUROPE

European Internet of Things (IoT) Connectivity Market Overview by Geographic Region
European Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
European Internet of Things (IoT) Connectivity Market Overview by Application
European Internet of Things (IoT) Connectivity Market Overview by Company Type
European Internet of Things (IoT) Connectivity Market Overview by Industry Sector
Country-wise Analysis of European Internet of Things (IoT) Connectivity Market
  GERMANY
    German Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    German Internet of Things (IoT) Connectivity Market Overview by Application
    German Internet of Things (IoT) Connectivity Market Overview by Company Type
    German Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  THE UNITED KINGDOM
    United Kingdom Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    United Kingdom Internet of Things (IoT) Connectivity Market Overview by Application
    United Kingdom Internet of Things (IoT) Connectivity Market Overview by Company Type
    United Kingdom Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  FRANCE
    French Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    French Internet of Things (IoT) Connectivity Market Overview by Application
    French Internet of Things (IoT) Connectivity Market Overview by Company Type
    French Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  ITALY
    Italian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Italian Internet of Things (IoT) Connectivity Market Overview by Application
    Italian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Italian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  THE NETHERLANDS
    Dutch Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Dutch Internet of Things (IoT) Connectivity Market Overview by Application
    Dutch Internet of Things (IoT) Connectivity Market Overview by Company Type
    Dutch Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SPAIN
    Spanish Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Spanish Internet of Things (IoT) Connectivity Market Overview by Application
    Spanish Internet of Things (IoT) Connectivity Market Overview by Company Type
    Spanish Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  RUSSIA
    Russian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Russian Internet of Things (IoT) Connectivity Market Overview by Application
    Russian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Russian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SWITZERLAND
    Swiss Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Swiss Internet of Things (IoT) Connectivity Market Overview by Application
    Swiss Internet of Things (IoT) Connectivity Market Overview by Company Type
    Swiss Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  REST OF EUROPE
    Rest of Europe Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Rest of Europe Internet of Things (IoT) Connectivity Market Overview by Application
    Rest of Europe Internet of Things (IoT) Connectivity Market Overview by Company Type
    Rest of Europe Internet of Things (IoT) Connectivity Market Overview by Industry Sector

8. ASIA-PACIFIC

Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Geographic Region
Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Application
Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Company Type
Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Industry Sector
Country-wise Analysis of Asia-Pacific Internet of Things (IoT) Connectivity Market
  CHINA
    Chinese Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Chinese Internet of Things (IoT) Connectivity Market Overview by Application
    Chinese Internet of Things (IoT) Connectivity Market Overview by Company Type
    Chinese Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  JAPAN
    Japanese Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Japanese Internet of Things (IoT) Connectivity Market Overview by Application
    Japanese Internet of Things (IoT) Connectivity Market Overview by Company Type
    Japanese Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  INDIA
    Indian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Indian Internet of Things (IoT) Connectivity Market Overview by Application
    Indian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Indian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  AUSTRALIA
    Australia Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Australia Internet of Things (IoT) Connectivity Market Overview by Application
    Australia Internet of Things (IoT) Connectivity Market Overview by Company Type
    Australia Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SINGAPORE
    Singaporean Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Singaporean Internet of Things (IoT) Connectivity Market Overview by Application
    Singaporean Internet of Things (IoT) Connectivity Market Overview by Company Type
    Singaporean Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SOUTH KOREA
    South Korean Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    South Korean Internet of Things (IoT) Connectivity Market Overview by Application
    South Korean Internet of Things (IoT) Connectivity Market Overview by Company Type
    South Korean Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  REST OF ASIA-PACIFIC
    Rest of Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Rest of Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Application
    Rest of Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Company Type
    Rest of Asia-Pacific Internet of Things (IoT) Connectivity Market Overview by Industry Sector

9. SOUTH AMERICA

South American Internet of Things (IoT) Connectivity Market Overview by Geographic Region
South American Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
South American Internet of Things (IoT) Connectivity Market Overview by Application
South American Internet of Things (IoT) Connectivity Market Overview by Company Type
South American Internet of Things (IoT) Connectivity Market Overview by Industry Sector
Country-wise Analysis of South American Internet of Things (IoT) Connectivity Market
  BRAZIL
    Brazilian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Brazilian Internet of Things (IoT) Connectivity Market Overview by Application
    Brazilian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Brazilian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  ARGENTINA
    Argentine Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Argentine Internet of Things (IoT) Connectivity Market Overview by Application
    Argentine Internet of Things (IoT) Connectivity Market Overview by Company Type
    Argentine Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  COLOMBIA
    Colombian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Colombian Internet of Things (IoT) Connectivity Market Overview by Application
    Colombian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Colombian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  CHILE
    Chilean Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Chilean Internet of Things (IoT) Connectivity Market Overview by Application
    Chilean Internet of Things (IoT) Connectivity Market Overview by Company Type
    Chilean Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  PERU
    Peruvian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Peruvian Internet of Things (IoT) Connectivity Market Overview by Application
    Peruvian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Peruvian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  REST OF SOUTH AMERICA
    Rest of South America Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Rest of South America Internet of Things (IoT) Connectivity Market Overview by Application
    Rest of South America Internet of Things (IoT) Connectivity Market Overview by Company Type
    Rest of South America Internet of Things (IoT) Connectivity Market Overview by Industry Sector

10. MIDDLE EAST & AFRICA

Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Geographic Region
Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Application
Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Company Type
Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Industry Sector
Country-wise Analysis of Middle East & Africa Internet of Things (IoT) Connectivity Market
  THE UNITED ARAB EMIRATES
    United Arab Emirates Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    United Arab Emirates Internet of Things (IoT) Connectivity Market Overview by Application
    United Arab Emirates Internet of Things (IoT) Connectivity Market Overview by Company Type
    United Arab Emirates Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SOUTH AFRICA
    South African Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    South African Internet of Things (IoT) Connectivity Market Overview by Application
    South African Internet of Things (IoT) Connectivity Market Overview by Company Type
    South African Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  EGYPT
    Egyptian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Egyptian Internet of Things (IoT) Connectivity Market Overview by Application
    Egyptian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Egyptian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  SAUDI ARABIA
    Saudi Arabian Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Saudi Arabian Internet of Things (IoT) Connectivity Market Overview by Application
    Saudi Arabian Internet of Things (IoT) Connectivity Market Overview by Company Type
    Saudi Arabian Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  MOROCCO
    Moroccan Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Moroccan Internet of Things (IoT) Connectivity Market Overview by Application
    Moroccan Internet of Things (IoT) Connectivity Market Overview by Company Type
    Moroccan Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  KUWAIT
    Kuwaiti Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Kuwaiti Internet of Things (IoT) Connectivity Market Overview by Application
    Kuwaiti Internet of Things (IoT) Connectivity Market Overview by Company Type
    Kuwaiti Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  QATAR
    Qatari Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Qatari Internet of Things (IoT) Connectivity Market Overview by Application
    Qatari Internet of Things (IoT) Connectivity Market Overview by Company Type
    Qatari Internet of Things (IoT) Connectivity Market Overview by Industry Sector
  REST OF MIDDLE EAST & AFRICA
    Rest of Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Connectivity Type
    Rest of Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Application
    Rest of Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Company Type
    Rest of Middle East & Africa Internet of Things (IoT) Connectivity Market Overview by Industry Sector

PART C: INDUSTRY GUIDE

PART D: ANNEXURE

RESEARCH METHODOLOGY
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