The world’s top 500 largest cellular IoT deployments together account for 632 million units according to research by Swedish research firm Berg Insight. More than 100 deployments have surpassed 1 million subscriptions. The top ten deployments alone account for 210 million units.

The list is drawn from Berg Insight’s annually updated database covering the 500 largest cellular IoT deployments globally. The research firm has maintained the database since 2004.

Automotive OEM is the largest vertical in terms of active subscriptions, accounting for 230 million units. Utilities has 139 million active subscriptions, and transport and logistics has 105 million units.

In terms of the number of individual projects, transport & logistics is the largest vertical. It is followed by utilities, retail, aftermarket automotive, OEM automotive, buildings & security and healthcare.

The list includes various types of projects and product categories deployed across all types of vertical markets including OEM automotive, aftermarket automotive, transport & logistics, utilities, infrastructure, buildings & security, retail, industrial, consumer electronics, healthcare and other. The database includes project size and geographical distribution by the end of 2023 as well as a 5-year forecast for each individual project.

“The projects included in the top-500 list together account for approximately 632 million active cellular IoT subscriptions”, said Rickard Andersson, Principal Analyst, Berg Insight. According to Andersson, this corresponds to as much as 19.3 percent of the total number of cellular IoT connections worldwide at the end of 2023.

The 500 projects on the list are forecast to grow to 1.05 billion units by 2028. This corresponds to an overall compound annual growth rate (CAGR) of 10.7 percent. “More than 100 deployments on the list have surpassed 1 million subscriptions, and the top-10 projects alone account for 210 million units”, said Mr Andersson.