Cellular IoT Market to Reach $86.55 Billion by 2035, Growing at 25.4% CAGR

Industry
โดย GlobeNewswire·Read original
Summary · why it matters

The global cellular IoT market is projected to grow from $9.09 billion in 2025 to $86.55 billion by 2035, at a compound annual growth rate of 25.4%, according to a report by SNS Insider. Hardware dominated the market in 2025, while the software segment is the fastest growing, driven by AI-enabled IoT platforms. North America held over 32% of the market in 2025, with the U.S. market alone valued at $2.91 billion and expected to reach $27.70 billion by 2035. The Asia-Pacific region is the fastest growing, led by China's large-scale NB-IoT deployments under government mandates. Key players include Qualcomm, Ericsson, Huawei, AT&T, and Verizon.

Impact on stocks 5

Artificial Intelligence · 1 stocks
Information Technology · 1 stocks
Semiconductors · 1 stocks
Qualcomm Incorporated
QCOM
▲ PositiveDemandrelevance

Qualcomm is a key player in cellular IoT, and the market's rapid growth implies increased demand for its chipsets and modems.

Cloud & Digital Infrastructure · 1 stocks
AT&T Inc.
T
▲ PositiveDemandrelevance

AT&T is a key player in cellular IoT; market growth suggests increased demand for its IoT connectivity services.

Smart City / Autonomous Infrastructure · 1 stocks
Verizon Communications Inc
VZ
▲ PositiveDemandrelevance

Verizon is a key player in cellular IoT; market growth suggests increased demand for its IoT connectivity services.

Theme Impact 5

Off-coverage companies 1

HuaweiPrivate± Mixed
relevance

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