KORE Group Holdings Inc. recently released an investor presentation highlighting significant trends and growth projections in the IoT market. The presentation reveals that the number of connected devices is anticipated to exceed 96 billion by 2030, with a compound annual growth rate $(CAGR)$ of over 20%. Additionally, the cellular IoT market is expected to expand from 3.8 billion connections currently to 6.6 billion by 2030. The eSIM market is also projected to grow, increasing from 368 million devices in 2024 to 1.6 billion by 2030, with its market share in IoT rising from 10% to 24% by 2030. The presentation further discusses KORE's global presence, with 12 offices worldwide, 45 carrier integrations, and managed services deployed across 23 countries, covering 180+ countries globally. You can access the full presentation through the link below.
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