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Cellular IoT Module Market to Surge 16% in 2024

2/20/2025

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Summary

Story summary

The Cellular IoT Module Market is set to soar by 16% in 2024, fueled by a robust resurgence in China and India, even as Western markets face challenges. Meanwhile, LTE Cat.1 bis is on the rise, while 5G remains a specialized choice. Additionally, the global IoT Middleware market is projected to hit $16.9 billion by 2031, expanding at an impressive CAGR of 18.5%.

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Story summary

The Cellular IoT Module Market is set to soar by 16% in 2024, fueled by a robust resurgence in China and India, even as Western markets face challenges. Meanwhile, LTE Cat.1 bis is on the rise, while 5G remains a specialized choice. Additionally, the global IoT Middleware market is projected to hit $16.9 billion by 2031, expanding at an impressive CAGR of 18.5%.