Wide Area IoT Revenues to Surpass $130B Over the Next 5 Years, says Dell'Oro

Wide Area IoT Revenues to Surpass $130B Over the Next 5 Years, says Dell'Oro Image Credit: Dell'Oro Group

Wide-Area IoT technologies including cellular and non-cellular solutions will be a growth vehicle for both operators and suppliers over the next five years.

The overall Wide-Area IoT market is expected to grow at a robust pace with cumulative revenues surpassing $130 billion over the next five years, according to a recently published report by Dell’Oro Group.

“The IoT market momentum is strengthening. Operators are in a unique position to leverage their mobile network footprint, and capture new revenue from a wide range of use cases,” said Stefan Pongratz, Senior Director at Dell’Oro Group. “The business use cases for Massive IoT and Broadband IoT using LTE-based technologies is rather compelling. Our analysis indicates that operators can with minimal incremental mobile infrastructure investments realize more than 20x of revenue upside,” continued Pongratz.

2G/3G/4G and cellular IoT technologies including LTE-M and NB-IoT are expected to drive the lion share of the connections, infrastructure, and carrier revenues over the forecast period.5G NR MTC was initially expected to be a post-2025 event. But with NR MTC now being a possible Rel. 17 topic, we have revised the 5G NR IoT projections upward – total 5G NR connections are now projected to account for a low single-digit share of the 2023 connections.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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