Global IoT Connectivity Market to Surpass US$60.8 Billion by 2030, Fueled by Smart Metering, LPWAN, and SME Expansion
Fueled by demand for intelligent, SLA-driven connectivity solutions, the global IoT Connectivity Market is projected to grow from US$31.8 billion in 2024 to US$60.8 billion by 2030, registering a CAGR of 11.4%, according to a new report released by TechMarket Experts, a unit of Industry Experts, Inc. This shift reflects a broader trend in the IoT landscape, away from simple device-to-network communication, and toward outcome-oriented, platform-based services optimized for scale, security, and monetization. The report notes significant momentum in edge-enabled connectivity, 5G RedCap commercialization, LPWAN deployments, and LEO satellite integration, all of which are expanding the IoT addressable market across emerging and underserved geographies. Enterprises are increasingly adopting Connectivity-as-a-Service (CaaS) models that bundle SIM provisioning, security, analytics, and dynamic pricing into a seamless, orchestrated offering. Asia-Pacific dominates the market, capt...