Global CSP commercial IoT revenue will reach $68B in 2023

Portfolio expansion and the launch of LTE-M Narrowband IoT networks contributed to global communication service provider (CSP) commercial IoT revenue rising 25.6% year-to-year in 2018.

Global CSP commercial IoT revenue will rise at a CAGR of 24.9% through 2023 as 5G use cases cause revenue growth acceleration starting in 2020.

To compensate for the low average revenue per user generated by IoT connections, CSPs will increasingly rely on value-added services to spur IoT revenue growth.

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