IoT forecast: connections, revenue and technology trends 2024–2032
28 March 2025 | Research and Insights
Mary Saunders | Ibraheem Kasujee | Marcus Taylor
Forecast report | PPTX and PDF (16 slides); Excel | IoT Services
"The number of wide-area IoT connections worldwide will surpass 7 billion by the end of 2032, around two thirds of which will come from China."
This report provides an outlook on the wide-area IoT market worldwide between 2024 and 2032. It looks at global trends affecting IoT revenue and the number of IoT connections, as well as trends in the connectivity technologies used and the sectors driving growth.
This report provides:
- 9-year forecasts for the number of IoT connections and revenue, split by sector
- analysis of technology trends including the number of 2G, 3G/4G, 5G, NB-IoT, LTE-M and ‘other LPWA’ connections and connectivity service revenue worldwide, split by application
- an overview of the key industry sectors for IoT and their share of IoT connections and revenue
- data on the IoT revenue generated worldwide from hardware, applications and connectivity services.
Coverage
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Geographical coverage |
Key metrics |
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Regions modelled
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