Featuring the Sony’s Altair ALT1255 NB-IoT chipset, the NE310L2 features best-in-class power consumption and an ultra-compact footprint
LG U+ certification enables immediate use of the NE310L2 for smart meters, industrial sensors, asset trackers and other battery-operated, cost sensitive LPWA NB-IoT applications on one of Korea’s largest networks

Telit Cinterion, an end-to-end IoT solutions enabler, announces that LG U+ has certified the NE310L2 series of LTE Cat NB2 modules for use on its network.

Featuring best-in-class power consumption, an ultra-compact footprint, the modules are ideal for low-bandwidth, cost-sensitive applications that require long battery life and enhanced coverage.

The NE310L2 series is the first low-power wide area (LPWA) NB-IoT module based on the Sony’s Altair ALT1255 chipset to be approved by LG U+. The NE310L2-W1 module has an ultra-compact 13.1×14.3 mm footprint, making it ideal for space-constrained IoT devices such as smart meters, medical/ fitness wearables, home automation and asset trackers. Other key features include:

Power Saving Mode (PSM) and extended Discontinuous Reception (eDRX) to enable best-in-class power consumption for battery-operated devices.
23 dBm output power (Power Class 3) to maximize uplink coverage reliability and performance.
Pin-to-pin compatibility with the rest of Telit Cinterion’s award-winning xE310 family, enabling integrators to design a single PCB layout and deploy any combination of 2G and 4G technologies.
An extended temperature range of -40 °C to +85 °C to enable reliable operation in extreme applications such as automated metering infrastructure (AMI), smart agriculture and industrial sensors.

“Certification by LG U+ means IoT specialists, systems integrators and device OEMs serving the Korea market can take advantage of the Telit Cinterion NE310L2 and the Sony’s Altair ALT1255 chipset,” said Steven Kim, Sr. Sales Director at Telit Cinterion.

“The NE310L2 deftly balances performance, flexibility, power efficiency, size and durability, making it the ideal choice for a wide variety of IoT applications, ranging from wearables to utility meters to industrial sensors.”

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Quectel Wireless Solutions, a global IoT solutions provider, is pleased to announce the LG290P, the first quad-band GNSS module, designed to deliver high performance for the most demanding applications, ensuring exceptional RTK availability and quality even in challenging environments.

Providing the instantaneous centimeter-level accuracy needed to ensure the precision required for applications such as precision agriculture, robotic lawn mowers, surveying and personal robots, the module also delivers superior coverage that supports base stations from greater distances, ensuring reliable performance.

The introduction of the LG290P module expands Quectel’s range of high-accuracy, RTK-capable GNSS modules. This range includes the dual-band industrial-grade LC29H, the automotive-grade LG69T, and now the quad-band LG290P, providing users with a selection of GNSS modules to cover a wide variety of applications.

Future-proofing applications by supporting all constellations including GPS, GLONASS, Galileo, BDS, NavIC, QZSS, as well as SBAS support (WASS, EGNOS, MSAS, and GAGAN) and advanced satellite-based signals such as PPP-B2b, CLAS (QZSS L6), Galileo HAS E6, the LG290P is a cost-effective industrial-grade module that receives L1, L2, L5 and E6 frequency bands.

In addition, the LG290P is compatible with Quectel triple band RTK Services and ensures superior coverage that supports base stations from greater distances, ensuring stable and reliable performance in the most difficult urban environments, making it exceptionally well suited for sectors such as autonomous lawnmowers, delivery robots, surveying and precision agriculture. The quad-band solution can enhance the RTK fix rate by 50% compared to dual band in extremely challenging environments, such as a garden encircled by trees and walls. Additionally, it can reduce the time to achieve RTK fix to less than five seconds, in contrast to the ten to fifteen seconds required by the dual band solution.

“Introducing the quad-band GNSS Module to the market represents our commitment to advancing technology and providing our customers with the most reliable and accurate navigation solutions available,” said Norbert Muhrer, President and CSO, Quectel Wireless Solutions.

“We believe this product will be a game-changer in many fields, enabling new possibilities and improving efficiencies and precise location.”

The module supports an advanced multi-frequency RTK algorithm, ensuring rapid and reliable RTK high-precision positioning results even in challenging conditions such as under dense tree cover, alongside buildings or inside urban canyons. With advanced anti-interference technology, the LG290P incorporates a professional-grade interference signal detection and Narrowband Interference Canceller (NIC), significantly enhancing signal reception performance in complex electromagnetic environments. Moreover, supporting integrity monitoring and authentication information verification, the LG290P aids automatic navigation systems in making control decisions, particularly fitting for critical applications like autonomous vehicles and lawnmowers.

The LG290P excels in terms of security by incorporating on-chip ECC check and Secure Boot for firmware protection. Measuring a compact 12.2 mm × 16.0 mm × 2.6 mm, the LG290P is the smallest quad-band module available, offering greater design flexibility for customers, reducing integration challenges, and enabling compact designs for a wide array of precision products.

Customers are also able to streamline their design process by sourcing the appropriate antenna for this module, ensuring flexibility and compatibility for diverse project requirements.

The LG290P quad band GNSS module is now available to order through the Quectel website and distributors.

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Soracom Flux and Query Intelligence accelerate IoT projects with GenAI application integration and natural-language network analysis.

Soracom, Inc., global provider of advanced Internet of Things (IoT) connectivity, today announced two new services designed to accelerate deployment of larger and more complex IoT projects by embedding Generative AI (GenAI) capabilities more deeply in the IoT connectivity stack.

Soracom Flux is a low-code application builder that allows even non-technical users to build AI-integrated IoT applications in real time by defining data flows between sensors, cameras, actuators, GenAI engines and the cloud. Soracom Query Intelligence simplifies management of large IoT deployments with natural-language network data analysis.

Soracom Flux is a low-code IoT application builder that makes it easy to create custom applications that automate operations by integrating multiple data sources with leading cloud-based GenAI engines, including OpenAI, Google Gemini, Microsoft Azure AI, and Amazon Bedrock. Using Soracom Flux, teams can create powerful IoT applications in minutes, with significant use cases in manufacturing, construction, healthcare, energy, retail, and security. For instance, Soracom Flux can easily generate an application based on user-defined data flows and natural-language instructions to send an alert if people in a camera’s field of vision on a work site are not wearing appropriate protective gear.

Soracom Query Intelligence applies GenAI to give managers of large IoT deployments the ability to query their IoT network data in natural language and receive immediate analysis in the form of descriptive text and data visualizations. Soracom Query Intelligence builds on the Soracom Query managed data warehouse service to store and analyze platform-level data including device connection session history, data usage, and billing information. Soracom Query Intelligence allows anyone to perform complex data analysis with no need for SQL programming or data visualization experience.

For example, users can identify unstable devices on a large network for troubleshooting by simply asking for a list of SIMs with high frequency of connection/disconnection. Or users managing a nationwide fleet of moving vehicles can identify areas where carrier switching is required to maintain connection by asking for a map showing all SIMs currently connected to a specific carrier.

Kenta Yasukawa, Soracom CTO and co-founder, said:

“We’ve always envisioned an Internet of Things where connected devices can interact with each other to make decisions in real time.”

“The emergence of public GenAI services holds the potential to fulfill that vision. Soracom Flux and Soracom Query Intelligence drive AI much deeper within the IoT stack. Project teams can now accomplish in minutes what once took months and required expert skills, and even nontechnical managers can now enjoy complete control of even the largest and most globally distributed IoT networks.”

Soracom Flux is now available to all Soracom customers in Public Beta with a free tier. Pro and Enterprise plans will be made available later this year. Soracom Query Intelligence is currently available to select Soracom customers as a Technology Preview. Interested customers are invited to contact Soracom to apply.

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Digital Matter, a global leader in low-power GPS and IoT hardware development, recently announced the next-generation versions of their Dart3 and G70 GPS vehicle and equipment tracking devices, with the addition of Bluetooth Low Energy.

The G70 BLE and Dart3 BLE build on the robust features of their predecessors, now enhanced with added Bluetooth functionality for comprehensive sensor and condition monitoring.

Offering high-precision, real-time tracking via Cellular LTE-M (Cat-M1)/NB-IoT connectivity, these devices can also be used for comprehensive driver and vehicle monitoring. Flexible inputs interface with a range of devices and switches, to monitor driver safety and behavior by detecting fatigue, accidents, route deviation, immobilization, speeding and more.

With the addition of Bluetooth Gateway technology, the G70 BLE and Dart3 BLE now support concurrent GPS tracking and Bluetooth Low Energy (BLE) monitoring, offering a practical and customizable solution for businesses.

“This addition to our Bluetooth portfolio marks a significant enhancement of our asset tracking capabilities,” says Ken Everett, CEO and Founder of Digital Matter. “By integrating location tracking with Bluetooth Low Energy, our partners can now expand the scope and scale of their fleet management and equipment tracking solutions, ensuring comprehensive monitoring and asset protection.”

For fleet management and equipment tracking, the BLE capability enables monitoring of essential vehicle parameters such as fuel levels, fuel flow rates, axle load meters, tire pressure, and temperature. BLE also enables Driver ID, to seamlessly authenticate and identify drivers themselves without the need for physical keys or ID cards.

The G70 BLE and Dart3 BLE devices support an extensive range of industry-standard BLE tags and sensors, enabling versatile and customizable solutions. This compatibility provides a simple, plug-and-play experience, allowing seamless integration with any BLE tag on the market, ensuring businesses can tailor their asset tracking and monitoring systems to meet specific needs and requirements.

Data from BLE sensors can be seamlessly integrated with any end-platform, with flexible integration and API control. This capability empowers businesses to easily incorporate Digital Matter’s solutions into their existing systems, streamlining operations and enhancing asset management deployment.

Digital Matter continues to evolve its portfolio to meet the dynamic needs of its partners. The company also announced plans to expand the Dart3 BLE to their global range, enabling worldwide asset visibility and management across most of the world’s cellular network.

“Many of our partners require a ‘truly global’ connectivity solution,” says Everett.

“We are excited to soon offer a solution that addresses these needs, enabling effective fleet management and asset tracking without geographic limitations.”

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Berg Insight, the leading IoT market research provider, today released a new research paper covering real-time transportation visibility platforms.

Many companies today offer various types of visibility functionality for the transport sector. Players active in this space range from niche visibility providers and more general transport management system providers, through broader supply chain and logistics software vendors, to providers of fully integrated business management IT solutions such as enterprise resource planning systems.

“Key players in this market include Project44, FourKites and Shippeo which are all focused on visibility platforms specifically”, said Rickard Andersson, Principal Analyst, Berg Insight.

He adds that Project44 and FourKites are both US-based companies active on the global market, while Shippeo is based in France.

“These companies all have extensive partner ecosystems, ranging from ELD and telematics companies to TMS, WMS and ERP system vendors as well as consulting firms and system integrators”, continued Mr. Andersson.

Project44 alone has more than 1,400 telematics integrations and 80 TMS/ERP integrations. FourKites also works with various partner companies having hundreds of enterprise technology offerings including ERP, TMS, WMS, dispatch and other supply chain technologies. Shippeo’s multimodal visibility network in turn integrates with more than 1,000 TMS, telematics and ELD systems.

“In addition to Project44, FourKites and Shippeo which have a specific focus on visibility platforms, other major players in this space include Transporeon and Descartes which are also key TMS providers”, said Mr. Andersson.

He adds that Trimble-owned Transporeon extended its platform for transportation logistics with the addition of Sixfold’s real-time visibility technology, while Descartes acquired MacroPoint which is one of the largest supply chain visibility networks.

Mr. Andersson concluded:

“The transport management and visibility markets are expected to continue to amalgamate in the coming years through continued M&A activities and in-house development efforts aimed at achieving true end-to-end supply chain visibility.”

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The Internet of Things (IoT for short) is the collective reference for a network of interconnected devices that work to communicate and exchange data with one another across the Internet. It is not an understatement to say that the rapid advancement of IoT has completely revolutionized many aspects of life, from wearable devices to smart homes to healthcare to industrial automation and more, affecting both commercial and personal activity.

With this surge in connectivity comes an accompanying escalation of cyber threats including spear phishing, ransomware, and more personal online blackmail and sextortion. To combat these threats, it is vital to understand them in detail, which leads to a greater understanding of how to prevent and respond to them with the help of advanced digital forensics.

Understanding IoT-Specific Threats

Device Vulnerabilities

IoT devices will very often possess limited memory and processing power, which leads to an inadequacy of security features. This makes such devices an easy target for hackers who can attack weak passwords and outdated firmware. Once they are compromised, your devices can be used to collect large amounts of sensitive information.

Lack Of Standardization

The IoT ecosystem encapsulates a wide range of devices from a wide range of manufacturers, each with its own sets and standards of security protocols. Because of this lack of standardization across the spectrum, a number of inconsistencies in security measures will be present that attackers can work to exploit.

Data Privacy Concerns

IoT devices inherently collect and transmit large amounts of data, which can be personal and sensitive, especially in the case of consumer IoT or smart home devices. If any of this data gets intercepted by unauthorized parties, it can be used for purposes like sextortion or blackmail. This can be common in the realms of wearable health devices and smart cameras.

Network Security Gaps

IoT devices are usually connected to much larger networks, and the fact is that even a single compromised device within a network can provide access for attackers to perform a much wider infiltration.

Prevention Measures

So, what can be done to mitigate the above-listed risks that are so heavily associated with IoT devices? Several steps can be taken to best protect a device/network.

Strengthen Device Security

The first thing to do is make sure that all of your IoT devices are regularly updated to their latest firmware versions including any relevant security patches. Manufacturers are diligent in providing timely updates, but these can only be effective if users apply them as soon as they become available. In addition, creating stronger, more unique passwords for devices, as well as multi-factor authentication, is always a recommended step. Always avoid default, ‘easy’ passwords.

Implement Enhanced Network Security

It can be immensely helpful to segregate IoT devices from critical networks, using network segmentation protocols. Doing this can limit the potential impact of a single compromised device and save lots of sensitive information from being accessed.

Implement Comprehensive Monitoring

The use of intrusion detection and prevention systems (known as IDPS) to continuously monitor an IoT network for unusual activity is highly recommended. The sooner an anomaly is detected, the more prompt a response can be and the less potential damage can be done.

Introduce Robust Data Privacy Measures

Savvy users can adopt a practice of data minimization by only collecting the most necessary amounts of data and avoiding the unnecessary storing of sensitive information on IoT devices. Going through a device’s access controls to tailor preferences and commands can ensure that all data stored on IoT devices is protected and encrypted, making it much more difficult for that data to be misused in the event of an attack.

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According to a new market research report by Meticulous Research®, the satellite IoT market is projected to reach $2.48 billion by 2031, at a CAGR of 18.2% from 2024 to 2031.

Satellite IoT services are used for satellite communication networks to connect terrestrial IoT sensors and IoT end nodes to a server. Satellite IoT communication operates on different frequency bands, such as the L band, Ku band, and Ka band. These services have a wide range of applications, such as weather forecasting, equipment tracking, remote monitoring, television signal, fleet management, aircraft safety systems and telematics, internet communications, and the global positioning system. Satellite IoT services are used in several sectors, such as agriculture, construction, utilities, oil & gas, military & defense, transportation & logistics, and maritime.

The growth of the satellite IoT market is driven by the rising demand for interconnectivity between devices in remote areas and the increasing use of satellite IoT technology in the agriculture industry. However, the high costs of implementing satellite IoT solutions restrain the growth of this market. Additionally, the growing use of satellite IoT technology in maritime applications is expected to generate growth opportunities for the players in this market. However, satellite IoT devices’ vulnerability to cyberattacks is a major challenge for market growth. Additionally, low earth orbit (LEO) satellite-based connectivity and the increasing demand for environmental and weather monitoring devices are key trends in the satellite IoT market.

The satellite IoT market is segmented by service type (satellite IoT backhaul services and direct-to-satellite services), frequency bands (L band, Ku band, Ka band, and other frequency bands), organization size (large enterprises and small & medium-sized enterprises), sector (agriculture [environmental and weather monitoring, equipment tracking, and other applications], construction [site monitoring, fleet management, and other applications], utilities [remote monitoring, worker safety and security, and other applications], oil & gas [remote monitoring, worker safety and security, and other applications], military & defense [border intrusion and detection, aircraft safety systems and telematics, and other applications], transportation & logistics [telematics, location tracking, and other applications], maritime [communication and navigation, weather and meteorological data, and other applications], and other sectors), and geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on service type, in 2024, the direct-to-satellite services segment is expected to account for the larger share of around 71.0% of the satellite IoT market. The large market share of this segment is attributed to the rising demand for direct-to-satellite IoT services for tracking and managing remote operations and the growing demand for these services in smart agriculture and marine applications. Moreover, this segment is projected to register the highest CAGR during the forecast period.

Based on frequency band, in 2024, the Ku band segment is expected to account for the largest share of above 40.0% of the satellite IoT market. Factors such as lower spectrum costs, the growing use of the Ku band for short-range and high-resolution imaging capabilities, and the rising use of the band in smart energy, smart water, and smart power applications are driving the growth of this segment. Moreover, this segment is projected to register the highest CAGR during the forecast period.

Based on organization size, in 2024, the large enterprises segment is expected to account for the larger share of above 75.0% of the satellite IoT market. However, the small & medium-sized enterprises segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of satellite IoT technology to track, monitor, and manage assets and the rising need for increased operational efficiency among SMEs.

Based on sector, in 2024, the military & defense segment is expected to account for the largest share of around 37.0% of the satellite IoT market. The large market share of this segment is attributed to the rising need for enhanced connectivity in remote and harsh environments and the growing need for improved situational awareness in military & defense. Satellite IoT is making a significant impact in the military sector by utilizing sensors and devices that enhance situational awareness, streamline complex procedures, and ultimately improve the success rate of defense operations.

However, the agriculture segment is projected to register the highest CAGR during the forecast period..

Based on geography, in 2024, North America is expected to account for the largest share of around 49.0% of the satellite IoT market. North America’s large market share is attributed to the presence of leading satellite IoT providers across the region, efforts by leading companies to launch new satellite IoT solutions, and the increasing adoption of satellite IoT in precision farming and smart greenhouses.

However, Asia-Pacific is expected to register the highest CAGR of above 19.0% during the forecast period. The growth of this region is driven by the infrastructural growth in APAC, especially in China, South Korea, Japan, and India.

The key players operating in the satellite IoT market are Iridium Communications Inc. (U.S.) Astrocast SA (Switzerland), Airbus SE (Netherlands), Globalstar, Inc. (U.S.), Thales (France), Eutelsat Communications S.A (Italy), Thuraya Telecommunications Company (UAE), Vodafone Group Plc (U.K.), Inmarsat Global Limited (U.K.), ORBCOMM Inc. (U.S.), Swarm Technologies Inc. (U.S.), Alén Space, S.L. (Spain), Fossa Systems, S.L. (Spain), SATELIO IOT SERVICES, S.L. (Spain), and OQ Technology (Luxembourg).

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According to IoT Analytics, the global cellular IoT connectivity market reached a milestone, with mobile operators worldwide earning a combined $15 billion from 3.6 billion cellular IoT connections in 2023.

This growth rate of 23% YoY exceeded that of IoT software companies and hyperscalers in the same year.
The consolidated market saw its top five mobile IoT network operators manage 83% of all global cellular IoT connections, and the top five by revenue receive 64% of the combined revenue.

Looking ahead, the advent of 5G and 5G Redcap technologies is set to further drive growth in the global cellular IoT market. These technologies are forecasted to push the market at a compound annual growth rate (CAGR) of 18% between 2024 and 2030.

Key Insights:

Mobile operators worldwide earned a combined $15 billion from 3.6 billion cellular IoT connections in 2023– according to IoT Analytics’ Global Cellular IoT Connectivity Tracker & Forecast (updated June 2024) and IoT Mobile Operator Pricing & Market Report 2024–2030 (released July 2024).
Mobile operators’ IoT revenue growth rate of 23% YoY exceeded that of IoT software companies and hyperscalers in 2023.
Cellular IoT connections grew even while the shipments and revenue for cellular IoT modules declined globally in 2023.
The top five mobile IoT network operators managed 83% of all global cellular IoT connections, while the top 5 by revenue received 64% of combined revenue.
5G and 5G Redcap are likely to drive the global cellular IoT market’s forecasted 18% CAGR between 2024 and 2030.

Select quotes:

Satyajit Sinha, Principal Analyst at IoT Analytics, comments:

“5G RedCap is set to transform the IoT landscape by making 5G features more accessible and supporting numerous applications, from industrial IoT to Consumer IoT. Its design optimizations, such as reduced channel bandwidth and capped modulation order, enhance device efficiency and cost-effectiveness. Riding on existing 5G infrastructure, RedCap ensures the longevity of current deployments and eases the transition to next-generation connectivity. It outperforms LTE Cat-1 and Cat-4, with better uplink performance and extended battery life, meeting the critical needs of mid-speed use cases like wearables and smart cameras.”

Market overview

Mobile operators worldwide earned $15 billion from 3.56 billion cellular IoT connections in 2023. According to IoT Analytics’ Global Cellular IoT Connectivity Tracker & Forecast (updated in June 2024)—which shares granular data about connections, revenue, and ARPU across all IoT connectivity types, including 2024 quarterly forecasts—mobile operator IoT revenue grew at a CAGR of 16% since 2010. IoT Analytics projects growth acceleration starting in 2024, with the CAGR expected to exceed 18% through 2030.

Mobile IoT revenue growth rate set the pace in 2023. The IoT revenue growth rate for mobile operators exceeded that for software vendors and hyperscalers in general in 2023, according to IoT Analytics’ Global IoT Enterprise Spending dashboard (updated June 2024). This data point shows that the relative importance of cellular connectivity for IoT-connected devices continues to increase.

The market for cellular IoT connections grew while the market for cellular IoT modules declined. In 2023, cellular IoT module vendors saw a 10% decline in revenue year-over-year (YoY) stemming from a decline in module shipments. However, cellular IoT connectivity revenue grew 23% YoY, supporting IoT Analytics’ recent analysis that the cellular IoT module market decline resulted from inventory strategies to prevent overstocking. Demand for LTE Cat 1 bis and 5G in China has fueled an upswing in the cellular IoT module market.

Top 5 mobile operators by connections and revenue

The top five network operators managed 83% of all global cellular IoT connections in 2023. These top five are China Mobile, China Telecom, China Unicom, Vodafone, and AT&T. In terms of IoT revenue, the top five network operators made up 64% of the IoT mobile operator market, with China Mobile, Verizon, AT&T, China Unicom, and Deutsche Telekom (including T-Mobile) leading the market.

Key insights on 2023 market developments of leading mobile IoT operators:

1. China Mobile. China Mobile contributed 46% of global cellular IoT connections and 20% of global cellular IoT connectivity revenue in 2023. China Mobile’s cellular IoT connections grew by 20% YoY due to its one-stop solution strategy, shifting focus from pure connectivity to comprehensive solutions. China’s mobile one-stop solution strategy encompasses hardware components like chips, operating systems, and modules. It also integrates with three key IoT platforms—OneLink, OneNET, and OneCyber—and targets three main areas of application: video-based IoT, urban IoT, and industrial IoT.

2. China Telecom. China Telecom contributed 15% of global cellular IoT connections and 7% of global cellular IoT connectivity revenue. China Telecom’s cellular IoT connection grew by 28% YoY due to a focus on urban management solutions leveraging the IoT Cognition Cloud Platform, empowering over 100 use cases for urban management. These use cases range from flood-level detection to fire protection, providing a comprehensive view of a city’s status, including aspects such as heat distribution, location and condition, alert statistics, and facility conditions.

3. China Unicom. China Unicom contributed 14% of global cellular IoT connections and 10% of global cellular IoT connectivity revenue. China Unicom’s cellular IoT connection grew by 28% YoY due to the adoption of 4G and 5G high-speed technologies. Notably, deploying 5G IoT connections led to China Unicom’s growth.

4. Vodafone. Vodafone contributed 5% of global cellular IoT connections and 9% of global cellular IoT connectivity revenue. Vodafone’s cellular IoT connection grew by 15% YoY due to strong demand from the automotive sector.

5. AT&T. AT&T contributed 4% of global cellular IoT connections and 12% of global cellular IoT connectivity revenue. AT&T’s cellular IoT connection grew by 19% YoY due to strong demand from the automotive sector.

IoT connectivity price points vary by region. According to IoT Analytics’ 159-page IoT Mobile Operator Pricing and Market Report 2024–2030 (published in July 2024 with its accompanying optional IoT Operator Pricing Database), Western mobile operators companies like AT&T, Verizon, Deutsche Telekom, and others offer cellular IoT data plans at relatively higher price points than the global average, leading to higher revenue even with fewer IoT connections. However, China Mobile leads in both revenue and the number of connections.

Future outlook: 5G and 5G Redcap to drive IoT connectivity market growth

5G and 5G RedCap to contribute nearly 50% of mobile operator IoT connectivity revenue by 2030. Based on the IoT connectivity tracker, IoT Analytics forecasts 5G and 5G RedCap will drive the global cellular IoT connectivity market up to a CAGR of 18% from 2024 to 2030 as they increase their combined market revenue share to a near majority by the end of this timeframe. According to IoT Analytics’ 367-page 5G IoT & Private 5G Market Report 2024–2030 (published in June 2024), 5G IoT connections are forecasted to grow at a CAGR of 44% from 2024 to 2030.

Flexibility and cost-effectiveness drive 5G RedCap adoption. IoT devices embedded with the RedCap module do not require tight or deterministic latency as in time-critical communications applications. Such devices require a data rate of less than 150 Mbps for download and less than 50 Mbps for upload, with a latency of less than 100ms. This reduces the complexity of the devices and keeps the costs down, leading to a noticeable increase in consumer, enterprise, and industrial devices using 5G RedCap hitting the market. Most notably, 5G RedCap’s use in video surveillance is gaining popularity, as it offers sufficient uplink data rates required for video cameras to transmit high-quality video streams without requiring the full capabilities (and costs) of standard 5G.

What it means for mobile operators offering IoT services

8 questions executives at mobile operators offering IoT services should ask themselves based on the insights in this article:

1. Revenue diversification: How can we diversify our IoT service offerings to capture a larger share of the $15 billion IoT connectivity market?
2. Market share expansion: What strategies can we implement to increase our market share and compete more effectively with the top five mobile IoT network operators?
3. 5G and 5G RedCap adoption: How can we accelerate the deployment and adoption of 5G and 5G RedCap to capitalize on the forecasted 18% CAGR in the cellular IoT market?
4. Automotive sector opportunities: What specific steps can we take to increase our presence and revenue in the automotive sector, following Vodafone and AT&T’s success?
5. Deployment strategies: How should we adjust our deployment strategy of pure-play connectivity to comprehensive solutions?
6. Partnerships and collaborations: What potential partnerships and collaborations should we pursue to enhance our IoT service offerings and expand our market reach?
7. IoT platform integration: How can we integrate our IoT solutions with key IoT platforms to provide comprehensive solutions and attract more customers?
8. Consumer and enterprise solutions: What innovative consumer, enterprise, and industrial solutions can we develop to leverage the growing adoption of 5G RedCap and meet market demands?

What it means for cellular IoT module, chipset, and device manufacturers

5 questions executives at companies manufacturing cellular IoT modules, chipsets, or devices should ask themselves based on the insights in this article:

1. 5G and 5G RedCap readiness: How can we accelerate the development and integration of 5G and 5G RedCap modules to capture a significant share of the forecasted 18% CAGR in the IoT market?
2. Market demand: What specific demands from the automotive sector and other industries can we address with our IoT modules and devices to drive growth?
3. Pricing strategies: What adjustments to our pricing strategies can we implement to align with market expectations and increase our revenue share?
4. Partnership opportunities: Which mobile operators and other stakeholders should we partner with to expand our market reach and enhance product integration within the IoT ecosystem?
5. Future technologies: What emerging technologies and trends should we focus on to ensure our product portfolio remains relevant and competitive in the rapidly evolving IoT market?

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Qualified customers can now use the Soracom CMP to activate and manage Skylo 3GPP NTN connectivity.

Soracom, Inc., a global provider of advanced Internet of Things (IoT) connectivity, today announced that its integration with Non-Terrestrial Network (NTN) service operator Skylo has progressed from Private Beta status to a global initial service rollout to select Soracom customers.

Speaking from the keynote stage at Soracom Discovery 2024, Soracom CTO and co-founder Kenta Yasukawa was joined by Skylo CEO and co-founder Parth Trivedi to confirm that qualified customers around the world can now activate Skylo connectivity on their Soracom SIMs/eSIMs and enable their devices to switch seamlessly between cellular and NTN.

In 2023, Soracom and Skylo announced a partnership designed to give customers building IoT solutions and M2M devices access to Skylo’s direct-to-device 3GPP NTN connectivity, along with the advanced capability of Soracom’s fully-virtualized cellular platform. Following a successful Private Beta period, that service is now available commercially in Limited Preview, and can be activated directly by qualified customers in consultation with Soracom.

Skylo’s satellite NTN lets chipsets, modems, modules, and devices designed for terrestrial networks connect via existing satellites using the global 3GPP Release 17 standard. Customers with devices located in North America, Europe, and Oceania that include 3GPP R.17-capable LPWAN modules can now use Soracom’s Subscription Containers feature to add the Skylo-based satellite connectivity plan (called “planNT1”) over the air (OTA) to Soracom “plan01s” and “plan-US” IoT SIM cards. NTN typically comes with higher latency and base data cost compared to cellular. However, Soracom’s platform services let customers minimize the amount of data transmitted and handshake over the satellite link while maintaining integration with their cloud service of choice. This approach maximizes coverage, including satellite failover, while also integrating billing and connectivity management using the Soracom connectivity management portal.

“Soracom is committed to an Internet of Things without limits, where anything can connect to any cloud from anywhere,” said Kenta Yasukawa, CTO and co-founder of Soracom.

“Now, customers can add Skylo’s breakthrough 3GPP NTN coverage to their devices while still taking full advantage of Soracom’s CMP and platform to control their connections, cloud integrations, and data use.”

“We are very happy to expand our partnership with Soracom as we move beyond our Private Beta,” said Parth Trivedi, CEO and co-founder of Skylo. “Deep platform integration, seamless switching between NTN and cellular, and the ability to add NTN gives Soracom customers the ability to unlock the full potential of IoT at any time, regardless of their location or infrastructure constraints, enabling real-time data access, monitoring, and control in areas not currently served by cellular connectivity.”

Speaking from the Discovery stage, Blues Inc. CEO and Founder Ray Ozzie spoke directly to the benefits of the Soracom/Skylo integration: “Blues simplifies wireless communication so that our customers can transform physical products into intelligent services. Key to our approach is supporting all major Radio Access Technologies. The ability to connect via satellite where cellular is not an option while allowing customers to maintain control and minimize data overhead promises to help Blues build a safer, more intelligent connected world.”

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