IoT Connectivity Market is expected to grow at a CAGR of 19.06% through 2030F
Global
IoT Connectivity Market to be Led by SMEs due to their rapid adoption of
cost-effective and scalable IoT solutions, during the forecast period 2026-2030F
According to TechSci Research report, “IoT Connectivity Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global IoT Connectivity Market was valued at USD 9.87 billion in 2024 and is
expected to reach USD 28.11 billion by 2030 with a CAGR of 19.06% through 2030.
Connected
mobility and the rise of vehicle telematics are substantially contributing to
the growth of the Global IoT Connectivity Market. Modern vehicles are
increasingly equipped with embedded connectivity modules that allow real-time
data exchange on location, performance, diagnostics, and user behavior. This
connectivity enables fleet operators to monitor driver efficiency, schedule
maintenance, optimize fuel usage, and enhance safety compliance. Consumers
benefit from navigation updates, infotainment streaming, and emergency roadside
assistance, all powered through continuous IoT communication.
As autonomous
and semi-autonomous vehicles advance, the need for ultra-reliable and
low-latency connectivity becomes critical. Vehicle-to-vehicle (V2V) and
vehicle-to-infrastructure (V2I) communication systems demand consistent
connectivity for safe and efficient operation. Automotive manufacturers,
insurers, and logistics providers are increasingly integrating IoT platforms
into their operations, necessitating investment in cellular, satellite, and
dedicated vehicular communication networks. As smart mobility ecosystems
develop—combining electric vehicles, shared mobility services, and smart
parking—the dependence on sophisticated IoT connectivity networks will
intensify, shaping the future of transportation globally.
The IoT
Connectivity Market is witnessing a rapid increase in the deployment of
Low-Power Wide-Area Networks as organizations seek cost-effective, scalable,
and energy-efficient solutions to support long-range IoT communications.
Traditional connectivity technologies such as Wi-Fi or Bluetooth fall short
when addressing the demands of large-scale deployments in smart agriculture,
logistics, or environmental monitoring, where sensors often operate in remote
locations and require extended battery life. Low-Power Wide-Area
Networks—including LoRaWAN, Sigfox, and NB-IoT—provide an ideal connectivity
layer by enabling low-data-rate transmissions over long distances while
maintaining minimal power consumption. These attributes significantly reduce
operational costs and extend the usable lifespan of IoT devices, making them
highly attractive for businesses aiming to scale IoT initiatives across vast
geographies.
The growing
ecosystem of Low-Power Wide-Area Network providers and device manufacturers is
fueling innovation and expanding the application scope of this connectivity
model. Governments and public-sector agencies are also adopting Low-Power
Wide-Area Networks to deploy city-wide or nationwide monitoring systems,
ranging from flood detection and air quality control to smart metering and
wildlife tracking. Moreover, the integration of Low-Power Wide-Area Network
technologies with cloud platforms and edge computing solutions is creating new
possibilities for real-time analytics and predictive maintenance. As the IoT
Connectivity Market evolves toward ubiquitous sensing and monitoring, Low-Power
Wide-Area Networks are poised to become the backbone of large-scale, low-cost,
and low-energy IoT deployments.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global IoT Connectivity Market"
Based
on Organization Size, SMEs is the rapidly emerging as the fastest-growing
segment in the Global IoT Connectivity Market, primarily due to their
increasing focus on digital transformation to stay competitive. Unlike larger
corporations, SMEs often face resource constraints, making efficiency and
agility essential to their operations. IoT connectivity allows these businesses
to monitor assets, manage inventory, and optimize workflows in real time—all
without heavy infrastructure investments. The availability of cost-effective,
scalable IoT platforms and subscription-based models enables SMEs to implement
solutions tailored to their specific business needs while minimizing capital
expenditure. As a result, IoT adoption among SMEs has significantly
accelerated, especially in sectors such as retail, logistics, manufacturing,
and agriculture.
Advancements
in wireless technologies, including low-power wide-area networks and 5G, have
enhanced IoT accessibility for SMEs operating in both urban and rural areas.
Governments across Asia Pacific, Europe, and North America are also launching
support initiatives, subsidies, and digital transformation programs targeted at
empowering SMEs to embrace smart technologies. In response, IoT providers are
developing user-friendly, plug-and-play solutions with simplified integration
and remote management capabilities. As SMEs increasingly recognize the
long-term cost savings and operational benefits of connected systems, their
demand for reliable and scalable IoT connectivity is expected to remain a major
growth driver in the global market.
Asia
Pacific is rapidly emerging as the fastest-growing region in the Global IoT
Connectivity Market, driven by rapid urbanization, widespread digital
transformation, and increasing government initiatives focused on smart
infrastructure. Countries such as China, India, Japan, and South Korea are at
the forefront of deploying next-generation connectivity solutions to support
industrial automation, smart cities, and advanced healthcare systems. The
proliferation of smartphones, combined with the expansion of 5G networks and
cost-effective IoT modules, is enabling greater IoT adoption across both urban
and rural areas.
Government
policies promoting digital economies and manufacturing excellence, such as
China’s “Made in China 2025” and India’s “Digital India” campaigns, are
stimulating large-scale deployment of connected devices. With robust
investments in technology ecosystems and a strong industrial base, Asia Pacific
is positioned to lead the global market in IoT connectivity growth over the
coming years.
Key
market players in the IoT Connectivity Market are: -
- AT&T
Inc.
- Verizon
Communications Inc.
- Telefónica,
S.A.
- China
Mobile Limited
- Orange
S.A.
- T-Mobile
US, Inc.
- Cisco
Systems, Inc.
- Qualcomm
Incorporated
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“The
Global IoT Connectivity Market is expected to experience robust growth driven
by increasing adoption of smart devices, expansion of 5G networks, and rising
demand for real-time data across industries such as manufacturing,
transportation, and healthcare. As businesses prioritize digital
transformation, the need for reliable, scalable, and secure connectivity
solutions continues to rise. Innovations in low-power wide-area networks,
satellite IoT, and embedded SIM technologies are expanding coverage and efficiency.
Governments and enterprises alike are investing in smart city infrastructure,
further accelerating IoT connectivity deployments. This market is poised to
grow steadily as connected ecosystems become central to global operations.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“IoT Connectivity Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, By Component
(Platform, Services), By Application (Building & Home Automation, Smart
Energy & Utility, Smart Manufacturing, Connected Health, Smart Retail,
Smart Transportation, Others), By Organization Size (Large Enterprises, SMEs),
By Region & Competition, 2020-2030F” has evaluated the future growth
potential of IoT Connectivity Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in IoT Connectivity Market.
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