IoT Market worth $865.20 billion by 2030
According to a research report "IoT Market by Module Type (Hardware, Connectivity, Software, Services), Focus Areas (Smart Manufacturing, Smart Transportation/Mobility, Smart Energy & Utilities, Smart Healthcare, Smart Buildings, Smart Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the IoT market is estimated to be USD 547.06 billion in 2025 and is projected to reach USD 865.20 billion by 2030, registering a CAGR of 9.6% during 2025–2030.
Browse 236 market data Tables and 50 Figures spread through 285 Pages and in-depth TOC on "IoT Market by Module Type (Hardware, Connectivity, Software, Services), Focus Areas (Smart Manufacturing, Smart Transportation/Mobility, Smart Energy & Utilities, Smart Healthcare, Smart Buildings, Smart Retail) and Region - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html
Enterprises are increasingly adopting IoT solutions to enable predictive maintenance, improve supply chain visibility, and deliver personalized customer experiences. With IoT, businesses can collect and analyze vast amounts of operational data, resulting in more informed decision-making and cost savings. The integration of IoT with AI and analytics platforms is also enabling advanced automation and proactive risk management, further driving enterprise-level adoption.
The rapid deployment of 5G networks is accelerating IoT adoption by offering faster data transmission, low latency, and massive device connectivity. This enhanced network capability supports applications such as autonomous vehicles, smart factories, and remote healthcare monitoring. The expansion of 5G infrastructure across urban and industrial areas is creating new opportunities for real-time IoT applications that rely on ultra-reliable communication.
“The Smart Healthcare segment is expected to have the fastest growth rate during the forecast period.”
The integration of IoT in healthcare is transforming patient care by enabling continuous health tracking, real-time diagnostics, and data-driven clinical decision-making. Wearable sensors and IoT-enabled devices help monitor vital signs, medication adherence, and chronic conditions, improving patient outcomes and reducing hospital visits. Hospitals are deploying IoT for asset management, staff coordination, and predictive maintenance of medical equipment. The COVID-19 pandemic further accelerated the adoption of telemedicine and connected health solutions. With advancements in 5G, edge computing, and AI analytics, IoT is enabling personalized and preventive healthcare models. As governments and healthcare providers invest in smart health infrastructure, the segment is poised for rapid and sustained growth globally.
“The IoT platforms segment is expected to have the largest market size during the forecast period.”
IoT platforms enable seamless device management, data integration, and real-time analytics for enterprises across industries. Leading providers such as Microsoft Azure IoT, AWS IoT Core, and Huawei OceanConnect IoT Platform offer scalable, cloud-based solutions that support millions of connected devices. The need for centralized control, interoperability, and predictive insights drives the growing use of IoT platforms in manufacturing and energy. These platforms also integrate AI, ML, and edge capabilities, enabling automation and faster decision-making. With organizations increasingly adopting hybrid and multi-cloud models, IoT platforms are becoming the backbone of digital ecosystems, supporting both enterprise-scale and consumer IoT deployments efficiently.
“Asia Pacific to register fastest growth rate during forecast period”
The Asia Pacific IoT market is evolving into a highly dynamic ecosystem characterized by strong collaboration between technology providers, telecom operators, and governments. Regional policies encouraging digital economies, such as Japan’s Society 5.0 and India’s Digital India program, are creating a favorable environment for IoT innovation. Startups and enterprises across various verticals, including healthcare, energy, and retail, are leveraging IoT to deliver data-driven insights and enhance service delivery. The increasing availability of low-cost sensors and cloud-based IoT platforms is further enhancing accessibility for SMEs. Meanwhile, large enterprises are integrating IoT with AI and blockchain to improve transparency and traceability in supply chains. Despite infrastructure gaps in certain emerging economies, the Asia Pacific continues to attract significant investments in IoT, making it a strategic hub for technology experimentation and large-scale deployments over the next decade.
The report profiles key players, such as Microsoft (US), Amazon Web Services, Inc. (US), Huawei (China), Cisco (US), Intel (US), Qualcomm (US), Texas Instruments (US), Siemens (US), ABB (Switzerland), IBM (US), SAP (Germany), Hitachi (Japan), PTC (US), STMicroelectronics (ST) (Switzerland), NXP Semiconductors (Netherlands), HP (US), TE Connectivity (Switzerland), Advantech (Taiwan), Bosch (Germany) TDK Corporation (Japan), Omron Corporation (Japan), Honeywell (US), Oracle (US), Software AG (Germany), STC (Saudi Arabia), SAMSUNG (South Korea), Ericsson (Sweden), Avnet (US), Alibaba Cloud (China), HQSoftware (Estonia), Blues (US), Telit Cinterion (US), Particle (US), ClearBlade (Texas), Ayla Networks (US), Losant (Ohio), and emnify (Germany).
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