This Frost & Sullivan analysis examines the global cellular IoT and LPWAN space between 2025 and 2031, covering traditional cellular IoT, massive cellular IoT, and massive non-licensed LPWAN technologies. The analysis evaluates industry growth by technology, region, vertical industry, and network type, using cumulative active connections as the primary measurement.

The IoT space is being reshaped by disruptive technologies, industry convergence, and geopolitical pressures, with AI moving intelligence to the edge, terrestrial network (TN) - non-terrestrial network (NTN) expanding coverage, and security and sovereignty concerns driving new deployment models and managed connectivity opportunities.

• Why does traditional cellular IoT remain the largest connectivity segment?
• Which growth avenues help massive cellular IoT to grow at a faster rate?
• How are utilities modernization and smart city initiatives sustaining demand for low-power, wide-area connectivity in the non-licensed LPWAN space?