IoT connections and revenue: trends and analysis 2024

20 May 2025 | Research

Mary Saunders

Tracker report | PPTX and PDF (5 slides) | IoT Services


"IoT revenue grew more slowly in 2024 than in 2023, despite healthy growth in the number of connections."

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IoT continues to account for a small, but growing, proportion of an operator’s total mobile revenue. Growth in the number of IoT connections is outpacing IoT revenue growth.

This report assesses the key trends in Analysys Mason’s IoT/M2M revenue and connections tracker.

Information included in this report

  • An overview of the strategies taken by operators to increase IoT revenue
  • Changes in IoT revenue and the IoT share of total mobile revenue
  • Factors driving growth in the number of IoT connections

 

 

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Trackers and datasets

Analysys Mason tracks and analyses changing telecoms metrics.

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Author

Mary Saunders

Analyst

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