Cellular IoT · Market Development

Cellular IoT Market Development 2026 – Connection Growth and 5G RedCap Adoption

Analysis of cellular IoT connection growth, technology mix, and emerging segments. Based on the Ericsson Mobility Report and a supporting Omdia forecast, this overview covers global connection volumes, cellular IoT's position within the wider IoT market, the share of Broadband and Critical IoT, and the emergence of 5G RedCap as a mid-tier growth segment.

Key finding: Global cellular IoT connections are projected to grow from 4.5 billion at the end of 2025 to 7.8 billion by 2031, at a CAGR of 10%. Broadband and Critical IoT (4G/5G) already accounted for around 2.6 billion connections at the end of 2025 — almost 60% of all cellular IoT connections — and is expected to remain the largest share through 2031. 5G RedCap has been commercially launched by 14 service providers, with 42 service providers in 27 countries investing in the technology. Omdia's October 2024 forecast projects RedCap connections to reach 963.5 million by 2030, at a CAGR of 66%.
Source: Ericsson Mobility Report data forecasts, June 2026 / Omdia, October 2024
Cellular IoT connections (2025)
4.5B
Connection forecast (2031)
7.8B
CAGR (2025–2031)
10%

Global cellular IoT connection outlook

MetricValue
Cellular IoT connections (2025)4.5B
Cellular IoT connections (2031)7.8B
CAGR (2025–2031)10%
Source: Ericsson Mobility Report data forecasts, June 2026 (Figure 5)

Cellular IoT in the wider IoT market

Cellular IoT is one part of a broader IoT connectivity landscape that also includes short-range technologies such as Wi-Fi, Bluetooth, and Zigbee. Ericsson's wide-area IoT category, which includes cellular IoT alongside other wide-area technologies, is forecast to grow from 4.9 billion connections in 2025 to 8.3 billion by 2031.

IoT category20252031CAGR
Wide-area IoT4.9B8.3B9%
Cellular IoT4.5B7.8B10%
Short-range IoT17.5B38.8B14%
Total IoT22.3B47.1B13%
Figures are rounded. Cellular IoT is included within Wide-area IoT, so the rows are not additive.
Source: Ericsson Mobility Report data forecasts, June 2026 (Figure 5)

Broadband and Critical IoT share of cellular IoT connections, 2025

Within cellular IoT, Broadband and Critical IoT — connections based on 4G and 5G — represents the largest segment. Ericsson reports that Broadband and Critical IoT reached around 2.6 billion connections by the end of 2025, almost 60% of all cellular IoT connections, and expects this segment to remain the largest share through 2031.

Broadband and Critical IoT (4G/5G)
Other cellular IoT *
* "Other cellular IoT" is calculated as the difference between total cellular IoT connections (4.5B) and Broadband and Critical IoT connections (2.6B). It includes Massive IoT technologies such as NB-IoT and Cat-M, as well as legacy 2G/3G connections. Figures are rounded; Ericsson does not publish this remainder as a separate segment.
Source: Ericsson Mobility Report data forecasts, June 2026

Massive IoT and the technology mix

Massive IoT technologies — NB-IoT and Cat-M — continue to support wide-area use cases involving large numbers of low-complexity, low-cost devices with long battery life and low-to-medium throughput, and continue to be rolled out around the world. Network capability additions are enabling Massive IoT to co-exist with 4G and 5G in frequency division duplex (FDD) bands via spectrum sharing.

Source: Ericsson Mobility Report data forecasts, June 2026

5G RedCap: an emerging mid-tier segment

5G Reduced Capability (RedCap) is emerging as a mid-tier cellular IoT technology, positioned between low-power Massive IoT and full-performance 5G broadband. Ericsson reports that 5G RedCap has been commercially launched by 14 service providers across multiple global markets, with 42 service providers in 27 countries currently investing in the technology. Omdia's October 2024 forecast projects RedCap connections to reach 963.5 million by 2030, at a CAGR of 66%. Enhanced RedCap (eRedCap), designed for further reduced complexity and cost, is expected to begin lab trials in 2026, with full commercial potential anticipated from 2028 onward.

MetricValue
RedCap commercial launches14 service providers
RedCap investment activity42 providers / 27 countries
RedCap connections forecast (2030)963.5M
RedCap CAGR66%
Source: Ericsson Mobility Report data forecasts, June 2026 (launches, investment, eRedCap timeline); Omdia, October 2024 (connections forecast)

Market structure and trends

Cellular IoT connections set to nearly double, from 4.5B (2025) to 7.8B (2031), at a CAGR of 10%
Broadband and Critical IoT (4G/5G) already the largest segment, at almost 60% of all cellular IoT connections
Massive IoT (NB-IoT, Cat-M) continues to be rolled out globally for large-scale, low-power deployments
5G RedCap emerging as a mid-tier segment — commercially launched by 14 providers, forecast by Omdia to reach 963.5M connections by 2030
Legacy network sunset advancing — by end-2025, 80 providers had fully shut down 3G and 46 had fully shut down 2G
Source: Ericsson Mobility Report data forecasts, June 2026; Omdia, October 2024

Data scope

Primary sourceEricsson Mobility Report
Supporting sourcesOmdia (RedCap forecast)
Data vintageEnd-2025 actuals
Forecast horizonCellular IoT to 2031; RedCap to 2030
MetricsConnections, not shipments
Data typePublished data
ScopeGlobal cellular IoT
ExclusionsWi-Fi, Bluetooth, Zigbee, UWB
PublishedJune 2026
Last updatedJune 2026

Methodology

01
Data sourced from the Ericsson Mobility Report (June 2026 edition) and a supporting Omdia RedCap forecast (October 2024)
02
Only figures explicitly stated in publicly accessible sources are used as claims
03
"Other cellular IoT" is calculated as the remainder of total connections not classified as Broadband and Critical IoT; no separate Massive IoT or legacy 2G/3G split is published or estimated
04
The RedCap connections forecast is based on Omdia's October 2024 public forecast. eRedCap is discussed qualitatively as a related development; no separate eRedCap connections forecast is used

Sources

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