The cellular IoT market will exceed $61B by 2026

Juniper Research predicts the value of the global cellular IoT market will exceed $61 billion by 2026.

The value of the global cellular IoT market in 2022 is $31 billion. If the researchers’ projections are correct, it means a 95 percent value growth over just four years.

Growth will be driven by the rollout of 5G and cellular LPWA (Low-Power Wide-Area) technologies.

Charles Bowman, a co-author of the research, said:

“Operators must educate users...