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...

Lee House, IoT83: Exploring the state of IoT applications across industries

CEO of IoT83 explores the state of IoT applications across industries

The IoT promises enhanced levels of efficiency, productivity, and innovation across industries. However, transforming this concept into reality has been challenging, with many companies still struggling to fully leverage the potential of IoT technologies.

Lee House, founder and CEO of IoT83, dives into how the Internet of Things ecosystem is changing, highlighting the critical role of platforms like Flex83 from IoT83 in moving beyond mere connectivity. With nearly a decade of...

qomodo secures $1.6 million in funding to fortify IoT cybersecurity

qomodo secures $1.6 million in funding to fortify IoT cybersecurity

qomodo, an IoT cybersecurity company, has successfully raised $1.6 million in pre-seed funding.

This round was spearheaded by Expeditions Fund and saw contributions from Amadeus Capital Partners, Auriga Cyber Ventures, Nio Advisors, McNally Capital, Ventures Together, and returning investor, Techstars. The funding aims to bolster qomodo's mission to fortify IoT security against escalating cyber threats.

Founded by former BAE Systems and NATO cybersecurity...

Aramco enhances industrial IoT and AI with Qualcomm’s expertise

Aramco enhances industrial IoT and AI with Qualcomm's expertise.

Petroleum and natural gas firm, Aramco, has collaborated with Qualcomm Technologies in order to enhance connectivity, artificial intelligence and advanced computing technologies for industrial use cases in Saudi Arabia.

This collaboration aims to speed the development of the industrial 4G/5G and non-terrestrial networks (NTN) ecosystem, which includes 450MHz cellular technologies. It will also focus on designing hardware, software, and services to accelerate the adoption of...