How big is the Consumer IoT Market?

The Consumer IoT Market size is expected to reach USD 139.51 billion in 2024 and grow at a CAGR of 8.17% to reach USD 206.60 billion by 2029. Read More

What is the current Consumer IoT Market size?

In 2024, the Consumer IoT Market size is expected to reach USD 139.51 billion. Read More

Who are the key players in Consumer IoT Market?

Intel Corporation, Microsoft Corporation, Sony Corporation, Apple Inc. and IBM Corporation are the major companies operating in the Consumer IoT Market. Read More

Which is the fastest growing region in Consumer IoT Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Consumer IoT Market?

In 2024, the North America accounts for the largest market share in Consumer IoT Market. Read More

What years does this Consumer IoT Market cover, and what was the market size in 2023?

In 2023, the Consumer IoT Market size was estimated at USD 128.97 billion. The report covers the Consumer IoT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Consumer IoT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Consumer IoT Market - Growth, Size & Industry Trends

Consumer IoT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Consumer IoT Market Growth & Forecast and it is segmented by Type (Hardware, Solutions, Services), Application (Home Automation, Consumer Wearables, Consumer electronics, Healthcare, Automotive), and Geography. The market size and forecasts are provided in terms of value (USD) for all the above segments.

Consumer Internet of Things (IoT) Industry Overview

The Consumer IoT market is highly fragmented with huge potential and is turning to the next level with significant investments in AI, machine learning, big data, and 5G technology. IoT simplifies lives, and people buy gadgets to regulate and monitor their way of living. Some significant players offering their services in this sector include Microsoft Corporation, Apple Inc, Sony Corporation, IBM, Intel, and so on. These IoT leaders invest in new product developments and collaborations to expand their footprints across different industries and geographies.

In February 2023, Taoglas and Westbase.io, the IoT distributor, collaborated to provide innovative 4G/5G and IoT solutions to its customers in European Region. The partnership will offer clients reliable and high-performance solutions across construction, logistics, emergency services, smart cities, connected health, and other demanding applications. The highly-sophisticated antennas from Taoglas will deliver the most advanced RF and antenna technologies to the industrial clients with Westbase's network.

In November 2022, Switzerland-based IoT company, Loriot, signed a contract with Disrupt-X, a UAE-based IoT platform, to promote IoT dissemination in Europe and other geographies. The companies will invest in developing smart solutions that deliver innovative IoT products and services designed for the industrial, commercial, and residential sectors. They also plan to offer local Network Servers for their clients in the European region. Further, Disrupt-X will introduce a dashboard to access LORIOT Network Servers directly from its IoT Platform.