Telefon AB L.M. Ericsson Series AEricsson is a key player in cellular IoT; market growth implies increased demand for its IoT infrastructure and solutions.
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.
Telefon AB L.M. Ericsson Series AEricsson is a key player in cellular IoT; market growth implies increased demand for its IoT infrastructure and solutions.
Telefonaktiebolaget LM Ericsson (publ)Ericsson is a key player in cellular IoT; market growth implies increased demand for its IoT infrastructure and solutions.
Qualcomm IncorporatedQualcomm is a key player in cellular IoT, and the market's rapid growth implies increased demand for its chipsets and modems.
AT&T Inc.AT&T is a key player in cellular IoT; market growth suggests increased demand for its IoT connectivity services.
Verizon Communications IncVerizon is a key player in cellular IoT; market growth suggests increased demand for its IoT connectivity services.