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IoT Forecast: Connections, Revenue and Technology Trends 2020-2029

  • ID: 5237821
  • Report
  • January 2021
  • Region: Global
  • 22 Pages
  • Analysys Mason
The Total Number of IoT Connections Worldwide Will Grow at a CAGR of 14% Between 2019 and 2029, Despite the Negative Effect of the Covid-19 Pandemic in the Early Years of the Forecast Period
The total number of IoT connections worldwide will increase from 1.5 billion at the end of 2019 to 5.8 billion in 2029. The COVID-19 pandemic will have an acute impact on the number of IoT connections in the early years of the forecast period, but this will fade over time. This report analyses future trends in the growth in the number of IoT connections and revenue, the impact of emerging IoT technologies and the sectors driving growth.

This report includes the analysis of:

  • technology trends including the number of 2G, 3G/4G, 5G, NB-IoT, LTE-M and ‘other LPWA’ connections worldwide
  • key industry sectors and the share of connections and revenue that they contribute
  • the revenue generated worldwide from hardware, applications and connectivity services.

Geographical coverage


Regions modelled

  • Central and Eastern Europe (CEE)
  • China
  • Developed Asia–Pacific (DVAP)
  • Emerging Asia–Pacific excluding China (EMAP)
  • Latin America (LATAM)
  • Middle East and North Africa (MENA)
  • North America (NA)
  • Sub-Saharan Africa (SSA)
  • Western Europe (WE)

Who Should Read this Report


This report addresses the requirements of executives and analysts that are assessing the demand for IoT supported by cellular and LPWA networks.

These include:

  • senior executives of IoT business units
  • senior executives responsible for R&D and network innovation
  • market analysts responsible for M2M market sizing

Key metrics


Revenue for the following value chain elements:

  • applications
  • connectivity services
  • IoT hardware

IoT connections worldwide and by region, by technology type:

  • 2G
  • 3G/4G
  • 5G
  • NB-IoT
  • LTE-M
  • 'other LPWA'

Connections and revenue, by sector:

  • automotive
  • finance
  • health
  • industries
  • smart cities
  • retail
  • smart buildings
  • utilities
  • agriculture
  • tracking
Note: Product cover images may vary from those shown
  • Worldwide trends
  • Sector trends
  • Regional trends
  • Comparison with previous forecast
  • About the authors
Note: Product cover images may vary from those shown

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