Cellular IoT market hits $15B in 2023, poised for growth with 5G

The cellular IoT market experienced significant growth in 2023, with mobile operators worldwide earning $15 billion from 3.56 billion cellular IoT connections.

The cellular IoT market experienced significant growth in 2023, with mobile operators worldwide earning $15 billion from 3.56 billion cellular IoT connections.

According to IoT Analytics' Global Cellular IoT Connectivity Tracker & Forecast, mobile operator IoT revenue has grown at a compound annual growth rate (CAGR) of 16% since 2010, with projections indicating an acceleration to over 18% CAGR through 2030.

Revenue growth outpaces other sectors

In 2023, the IoT...

UnaBiz aims to revolutionise asset tracking with Sigfox Atlas Sparks

UnaBiz, a leading IoT service provider and integrator, has announced the launch of the Sigfox Atlas Sparks beta. This geolocation service is set to transform asset tracking in the supply chain and logistics sector, building upon the success of their previous offering, Sigfox Atlas Wifi ML.

The IoT landscape has long grappled with the challenge of cost-effectively tracking large fleets of assets while maintaining high accuracy. Sigfox Atlas Sparks addresses this issue head-on by...

Research: Vodafone leads IoT connectivity, Telefónica in services

Transforma Insights has identified the key trends shaping the IoT connectivity market and highlighted the leading mobile network operators (MNOs) and mobile virtual network operators (MVNOs) in the space.

The report, based on in-depth discussions with 25 global cellular connectivity providers, reveals a rapidly evolving landscape marked by new technologies and business models.

Key trends identified in the report include:

A shift towards device-to-cloud...

LG strengthens IoT portfolio with Athom purchase

LG has acquired an 80 percent stake in Athom, a Netherlands-based smart home platform company, with plans to purchase the remaining 20 percent within three years.

The acquisition will integrate Athom's extensive connectivity capabilities, which link thousands of appliances, sensors, and lighting devices, with LG's generative AI-enabled ThinQ platform. This combination is expected to create an AI home that delivers personalised environments tailored to customer...

Samsung tackles grid stability with smart home energy system

Samsung has unveiled a new demand response program for its SmartThings platform, aiming to connect smart homes to the power grid and automatically reduce energy consumption during peak demand periods. The initiative – called Flex Connect – is currently available in New York and California and works in conjunction with SmartThings Energy, the company's energy management solution.

Flex Connect leverages SmartThings' AI Energy Mode to automate how connected devices and appliances...

NB-IoT and LoRa dominate the LPWAN IoT market

Research from Omdia finds the Low Power Wide Area Network (LPWAN) IoT connections landscape is overwhelmingly dominated by NB-IoT and LoRa, which together accounted for 87% of total connections in 2023. This dominance is projected to continue, with these two technologies maintaining 86% of all LPWAN connections by 2030.

NB-IoT’s significant growth is primarily driven by its popularity in China, while LoRaWAN leads in most other regions. Both technologies are ideally suited for...

Fibocom expands 5G RedCap portfolio with FG332 solution

Fibocom has announced the expansion of its RedCap module portfolio by launching the FG332 at Computex 2024. The company also introduced a cutting-edge 5G RedCap CPE solution integrated with the newly launched FG332 and the latest Wi-Fi 7/Wi-Fi 6 technologies.

The introduction of the 5G RedCap module and RedCap CPE solution is set to accelerate 5G RedCap commercialisation. The FG332 – compliant with 3GPP R17 – is specifically designed for lightweight 5G IoT applications,...

Luis Mirabal, Globalstar: Satellite IoT for increased efficiency and cost reduction

In an era when the IoT is rapidly transforming industries, Globalstar is leveraging cutting-edge technologies like AI and edge computing to deliver groundbreaking solutions.

Ahead of IoT Tech Expo North America, Luis Mirabal, Head of Strategic Financial Analysis at Globalstar, shed light on the company's approach to IoT and its utilisation of advanced technologies to push the boundaries of connectivity and intelligence.

"Globalstar is a pioneer in satellite...

Blecon unveils Bluetooth LE-based IoT connectivity solution

Blecon – a technology firm founded by experts formerly from ARM, AWS, and Microsoft – has announced the launch of a new IoT connectivity solution based on Bluetooth Low Energy (LE). The solution aims to address the challenges companies face when applying Bluetooth LE to IoT connectivity.

"Bluetooth LE is now being used ever more widely in IoT connectivity use cases, building upon its remarkable technical and commercial success in personal connectivity and tracking beacons....

Disused Northamptonshire railway tunnel to become world-leading test facility for self-driving vehicles

A disused railway tunnel in Northamptonshire is set to become a world-leading test facility for the self-driving vehicles of tomorrow.

The 2.7km Catesby Tunnel has officially joined CAM Testbed UK, a global centre for the innovation and development of connected and self-driving vehicle technologies. Operated by Catesby Projects, official worldwide resellers of Catesby Tunnel, the first-of-its-kind facility will become the sixth test facility to join the network.