How big is the Internet Of Things (IoT) Market?

The Internet Of Things (IoT) Market size is expected to reach USD 1.17 trillion in 2024 and grow at a CAGR of 15.12% to reach USD 2.37 trillion by 2029. Read More

What is the current Internet Of Things (IoT) Market size?

In 2024, the Internet Of Things (IoT) Market size is expected to reach USD 1.17 trillion. Read More

Who are the key players in Internet Of Things (IoT) Market?

Cisco Systems, Inc., Google, Inc., IBM Corporation, Microsoft Corporation and Huawei Technologies Co. Ltd are the major companies operating in the Internet Of Things (IoT) Market. Read More

Which is the fastest growing region in Internet Of Things (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 Internet Of Things (IoT) Market?

In 2024, the North America accounts for the largest market share in Internet Of Things (IoT) Market. Read More

What years does this Internet Of Things (IoT) Market cover, and what was the market size in 2023?

In 2023, the Internet Of Things (IoT) Market size was estimated at USD 0.99 trillion. The report covers the Internet Of Things (IoT) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Internet Of Things (IoT) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the latest trends in IoT Technology?

The latest trends in the IoT Technology Market are: a) Rise of edge computing b) Integration of AI and machine learning for smarter IoT devices, and c) Development of more energy-efficient and secure IoT solutions Read More

Internet of Things (IoT) Market Analysis | Industry Growth, Size & Forecast Report

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

The Report Covers Internet of Things Market Opportunities and Growth. The Market is Segmented by Component (Hardware, Software/Platform, Connectivity, and Services), End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, and Insurance), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Internet of Things (IoT) Industry Overview

The Internet of Things (IoT) market is highly competitive owing to many large and small players operating in the domestic and international markets. Due to the high presence of technology, the market seems to be fragmented. Product innovation and mergers and acquisitions are two important methods the leading market participants use. Oracle Corporation, Cisco Systems Inc., Google Inc., IBM Corporation, and Microsoft Corporation are a few of the market's main participants.

In February 2024, Cisco and TELUS unveiled enhanced 5G features in North America. These features target IoT applications in diverse industries, with a strong focus on connected vehicles, notably for a leading North American automotive brand's 5G Connected Car.