Top IoT Connectivity Companies

Global IoT Connectivity Market size was valued at USD 8.4 billion in 2023 and is poised to grow from USD 10.22 billion in 2024 to USD 49.19 billion by 2032, growing at a CAGR of 21.7% during the forecast period (2025-2032).

IoT connectivity providers should focus on mergers, collaborations, and acquisitions to boost their market share on a global level. Companies can work closely with telecommunication providers to adopt advanced technologies and apply it at an IoT level. IoT connectivity market players should also focus on integration of advanced technologies such as artificial intelligence and edge computing in the future. 'Cisco Systems, Inc. (USA) ', 'Huawei Technologies Co., Ltd. (China) ', 'AT&T Inc. (USA) ', 'Verizon Communications Inc. (USA) ', 'Vodafone Group PLC (UK) ', 'Deutsche Telekom AG (Germany) ', 'Ericsson (Sweden) ', 'Telefonica S.A. (Spain) ', 'Orange S.A. (France) ', 'China Mobile Ltd. (China) ', 'Qualcomm Incorporated (USA) ', 'Intel Corporation (USA) ', 'Nokia Corporation (Finland) ', 'SK Telecom Co., Ltd. (South Korea) ', 'KDDI Corporation (Japan) ', 'SoftBank Group Corp. (Japan) ', 'Telus Corporation (Canada) ', 'BT Group plc (UK)'

Communications technology has come a long way in recent years and is still advancing rapidly on the back of growing investments in tech R&D. These advancements in communication technology could also foster innovation in the IoT space and boost IoT connectivity market growth as well.

Adoption of AI and Edge Computing: IoT connectivity providers can leverage advanced technologies such as artificial intelligence and edge computing to improve their product efficacy and allow IoT devices to perform a diverse set of functions that were not possible before. Investments in R&D will be crucial in augmenting the future of IoT connectivity market through advanced technology integration.

North America is predicted to dominate the global IoT connectivity demand outlook across the forecast period. Early adoption of IoT technologies in this region and growing acceptance of IoT devices are key factors allowing this region to dominate the global market growth. The United States and Canada are projected to top the charts when it comes to IoT connectivity demand in the North American region.