IoT Connection Forecasts Point to a Need for New Operator Strategies

K. Weldon
K. Weldon

Summary Bullets:

  • According to new forecasts from GlobalData, the global number of Internet of Things (IoT) connections will reach 4.5 billion by 2023, dominated by short-range and cellular connections and with a five-year CAGR of 28%.
  • This is only moderately good news for mobile operators, which will see cellular connections grow by only a CAGR of 16% over five years. More importantly, connectivity is only expected to generate 5-10% of total IoT revenues predicted by GlobalData at $317 billion by 2023.

It has been clear for a long time that operators need to move beyond connectivity to make any serious money in IoT. According to new forecasts from GlobalData, the global number of Internet of Things connections will reach 4.5 billion by 2023, dominated by short-range and cellular connections but with especially strong growth from LPWANs. The five-year compound annual growth rate (CAGR) for all IoT connectivity types is moderate, at 28%. Continue reading “IoT Connection Forecasts Point to a Need for New Operator Strategies”