Internet of Things Market - Global Forecast 2026-2032

The Internet of Things (IoT) Market is evolving rapidly, as digital transformation accelerates across industries. Organizations are rethinking operations, data strategy, and partnerships to capitalize on IoT’s transformative capabilities while mitigating emerging risks and complexities.

Market Snapshot: Internet of Things Market Growth and Trajectory

The Internet of Things Market grew from USD 637.57 billion in 2025 to USD 760.43 billion in 2026, and it is projected to expand at a CAGR of 20.71%, reaching USD 2.38 trillion by 2032. This surge reflects continuous technological convergence, expanded deployments, and strong enterprise demand for connected solutions across global industries.

Scope & Segmentation

This report provides a detailed assessment of the evolving landscape, offering clarity for senior decision-makers evaluating opportunities, risks, and best-fit pathways for IoT adoption.

Component Segmentation:
- Hardware (gateways, modules, sensors, processors)
- Software (analytics, application, and platform software)
- Services (managed services, professional services)
Connectivity Technologies: Analysis includes cellular networks, low-power wide-area networks (LPWAN), and enterprise LAN architectures, each with unique trade-offs for coverage, energy efficiency, and cost optimization.
Deployment Models:
- Cloud-based and on-premises options, each impacting integration, data sovereignty, and latency.
Application Segments:
- Highlights of smart cities, industrial IoT, connected vehicles, healthcare solutions, precision agriculture, and smart homes.
End Use Industries:
- Coverage spans agriculture, energy and utilities, healthcare, manufacturing, retail, transportation and logistics, and media and entertainment, addressing diverse operational and strategic priorities.
Regional Focus:
- In-depth analysis across the Americas, Europe, Middle East & Africa, and Asia-Pacific, reflecting distinct infrastructure adoption patterns, regulatory climates, and supply chain dynamics.

Key Takeaways

IoT adoption is advancing beyond pilots, with mature organizations emphasizing integrated, scalable program design rather than isolated solutions.
The convergence of devices, analytics, and connectivity is fueling new automation and decision-support models, especially as edge computing and smarter gateways become widespread.
Security and regulatory compliance are now central to vendor selection and lifecycle management, not treated as afterthoughts but core design priorities that influence procurement and deployment strategies.
Sustainability imperatives are shaping device sourcing, lifecycle management, and disposal, with increasing focus on resource efficiency and circularity mandates across supply chains.
Competition is intensifying as vendors differentiate their offerings through robust software ecosystems, vertical specialization, and outcome-focused service models, often leveraging strategic partnerships and acquisitions for faster market entry.
Flexible technology architectures and skilled cross-disciplinary teams are crucial to navigating the increasingly complex technical, commercial, and policy environment around enterprise IoT.

Tariff Impact and Supply Chain Strategy

Recent changes in tariff policies and trade dynamics are prompting organizations to diversify sourcing, adopt modular designs, and enhance contractual safeguards. Multi-sourcing strategies and standardized hardware are increasingly preferred for inventory resilience and risk mitigation. Enhanced landed-cost modeling, proactive compliance, and regional supplier partnerships are now routine parts of risk management and procurement planning in the IoT supply chain.

Methodology & Data Sources

Our research combines structured interviews with practitioners, technology leads, and domain specialists, together with in-depth secondary analysis of regulatory texts, standards documents, and vendor disclosures. Segmentation schemas are validated through technical taxonomies and direct use-case mapping, while findings are triangulated to ensure robust, actionable insights for strategic planning.

Why This Report Matters

Enables leaders to benchmark maturity and risk-readiness of their IoT initiatives against global and regional best practices.
Provides actionable frameworks for architecture modularity, partner selection, and supply chain resilience, supporting transition from pilot deployments to scaled, resilient programs.
Delivers current analysis of evolving regulatory, security, and technology trends—empowering organizations to prioritize investments and reduce operational uncertainty.

Conclusion

The Internet of Things Market is being shaped by accelerated innovation, strategic program design, and evolving operational models. Senior decision-makers leveraging these insights can guide successful, resilient adoption—and drive measurable business value as IoT matures across industries.

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Internet of Things Market, by Component

8.1. Hardware
8.1.1. Gateways
8.1.2. Modules & Processors
8.1.3. Sensors
8.2. Services
8.2.1. Managed Services
8.2.2. Professional Services
8.3. Software
8.3.1. Analytics Software
8.3.2. Application Software
8.3.3. Platform

9. Internet of Things Market, by Connectivity Technology

9.1. Cellular
9.2. LPWAN

10. Internet of Things Market, by Deployment Model

10.1. Cloud
10.2. On Premises

11. Internet of Things Market, by Application

11.1. Connected Vehicles
11.2. Industrial Iot
11.3. Precision Agriculture
11.4. Smart City
11.5. Smart Healthcare
11.6. Smart Home

12. Internet of Things Market, by End Use Industry

12.1. Agriculture
12.2. Energy & Utilities
12.3. Healthcare
12.4. Manufacturing
12.5. Media & Entertainment
12.6. Retail
12.7. Transportation & Logistics

13. Internet of Things Market, by Region

13.1. Americas
13.1.1. North America
13.1.2. Latin America
13.2. Europe, Middle East & Africa
13.2.1. Europe
13.2.2. Middle East
13.2.3. Africa
13.3. Asia-Pacific

14. Internet of Things Market, by Group

14.1. ASEAN
14.2. GCC
14.3. European Union
14.4. BRICS
14.5. G7
14.6. NATO

15. Internet of Things Market, by Country

15.1. United States
15.2. Canada
15.3. Mexico
15.4. Brazil
15.5. United Kingdom
15.6. Germany
15.7. France
15.8. Russia
15.9. Italy
15.10. Spain
15.11. China
15.12. India
15.13. Japan
15.14. Australia
15.15. South Korea

16. United States Internet of Things Market
17. China Internet of Things Market

18. Competitive Landscape

18.1. Market Concentration Analysis, 2025
18.1.1. Concentration Ratio (CR)
18.1.2. Herfindahl Hirschman Index (HHI)
18.2. Recent Developments & Impact Analysis, 2025
18.3. Product Portfolio Analysis, 2025
18.4. Benchmarking Analysis, 2025
18.5. Amazon Web Services, Inc.
18.6. Cisco Systems, Inc.
18.7. Google LLC
18.8. Huawei Technologies Co., Ltd.
18.9. IBM Corporation
18.10. Intel Corporation
18.11. Microsoft Corporation
18.12. Oracle Corporation
18.13. PTC Inc.
18.14. Qualcomm Incorporated
18.15. SAP SE

List of Figures

FIGURE 1. GLOBAL INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL INTERNET OF THINGS MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL INTERNET OF THINGS MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL INTERNET OF THINGS MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL INTERNET OF THINGS MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. UNITED STATES INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 13. CHINA INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HARDWARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HARDWARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HARDWARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL INTERNET OF THINGS MARKET SIZE, BY GATEWAYS, BY REGION, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL INTERNET OF THINGS MARKET SIZE, BY GATEWAYS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL INTERNET OF THINGS MARKET SIZE, BY GATEWAYS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MODULES & PROCESSORS, BY REGION, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MODULES & PROCESSORS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MODULES & PROCESSORS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SENSORS, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SENSORS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SENSORS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SERVICES, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SERVICES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SERVICES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANAGED SERVICES, BY REGION, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANAGED SERVICES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANAGED SERVICES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PROFESSIONAL SERVICES, BY REGION, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PROFESSIONAL SERVICES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PROFESSIONAL SERVICES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ANALYTICS SOFTWARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ANALYTICS SOFTWARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ANALYTICS SOFTWARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL INTERNET OF THINGS MARKET SIZE, BY APPLICATION SOFTWARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL INTERNET OF THINGS MARKET SIZE, BY APPLICATION SOFTWARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL INTERNET OF THINGS MARKET SIZE, BY APPLICATION SOFTWARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PLATFORM, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PLATFORM, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PLATFORM, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CELLULAR, BY REGION, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CELLULAR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CELLULAR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL INTERNET OF THINGS MARKET SIZE, BY LPWAN, BY REGION, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL INTERNET OF THINGS MARKET SIZE, BY LPWAN, BY GROUP, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL INTERNET OF THINGS MARKET SIZE, BY LPWAN, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CLOUD, BY REGION, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CLOUD, BY GROUP, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CLOUD, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ON PREMISES, BY REGION, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ON PREMISES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ON PREMISES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CONNECTED VEHICLES, BY REGION, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CONNECTED VEHICLES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL INTERNET OF THINGS MARKET SIZE, BY CONNECTED VEHICLES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL INTERNET OF THINGS MARKET SIZE, BY INDUSTRIAL IOT, BY REGION, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL INTERNET OF THINGS MARKET SIZE, BY INDUSTRIAL IOT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL INTERNET OF THINGS MARKET SIZE, BY INDUSTRIAL IOT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PRECISION AGRICULTURE, BY REGION, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PRECISION AGRICULTURE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL INTERNET OF THINGS MARKET SIZE, BY PRECISION AGRICULTURE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART CITY, BY REGION, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART CITY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART CITY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HEALTHCARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HEALTHCARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HEALTHCARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HOME, BY REGION, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HOME, BY GROUP, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL INTERNET OF THINGS MARKET SIZE, BY SMART HOME, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL INTERNET OF THINGS MARKET SIZE, BY AGRICULTURE, BY REGION, 2018-2032 (USD MILLION)
TABLE 74. GLOBAL INTERNET OF THINGS MARKET SIZE, BY AGRICULTURE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 75. GLOBAL INTERNET OF THINGS MARKET SIZE, BY AGRICULTURE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 76. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ENERGY & UTILITIES, BY REGION, 2018-2032 (USD MILLION)
TABLE 77. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ENERGY & UTILITIES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 78. GLOBAL INTERNET OF THINGS MARKET SIZE, BY ENERGY & UTILITIES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 79. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HEALTHCARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 80. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HEALTHCARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 81. GLOBAL INTERNET OF THINGS MARKET SIZE, BY HEALTHCARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 82. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANUFACTURING, BY REGION, 2018-2032 (USD MILLION)
TABLE 83. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANUFACTURING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 84. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MANUFACTURING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 85. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MEDIA & ENTERTAINMENT, BY REGION, 2018-2032 (USD MILLION)
TABLE 86. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MEDIA & ENTERTAINMENT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 87. GLOBAL INTERNET OF THINGS MARKET SIZE, BY MEDIA & ENTERTAINMENT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 88. GLOBAL INTERNET OF THINGS MARKET SIZE, BY RETAIL, BY REGION, 2018-2032 (USD MILLION)
TABLE 89. GLOBAL INTERNET OF THINGS MARKET SIZE, BY RETAIL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 90. GLOBAL INTERNET OF THINGS MARKET SIZE, BY RETAIL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 91. GLOBAL INTERNET OF THINGS MARKET SIZE, BY TRANSPORTATION & LOGISTICS, BY REGION, 2018-2032 (USD MILLION)
TABLE 92. GLOBAL INTERNET OF THINGS MARKET SIZE, BY TRANSPORTATION & LOGISTICS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 93. GLOBAL INTERNET OF THINGS MARKET SIZE, BY TRANSPORTATION & LOGISTICS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 94. GLOBAL INTERNET OF THINGS MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 95. AMERICAS INTERNET OF THINGS MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 96. AMERICAS INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 97. AMERICAS INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 98. AMERICAS INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 99. AMERICAS INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 100. AMERICAS INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 101. AMERICAS INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 102. AMERICAS INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 103. AMERICAS INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 104. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 105. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 106. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 107. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 108. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 109. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 110. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 111. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 112. NORTH AMERICA INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 113. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 114. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 115. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 116. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 117. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 118. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 119. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 120. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 121. LATIN AMERICA INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 122. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 123. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 124. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 125. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 126. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 127. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 128. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 129. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 130. EUROPE, MIDDLE EAST & AFRICA INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 131. EUROPE INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 132. EUROPE INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 133. EUROPE INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 134. EUROPE INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 135. EUROPE INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 136. EUROPE INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 137. EUROPE INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 138. EUROPE INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 139. EUROPE INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 140. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 141. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 142. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 143. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 144. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 145. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 146. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 147. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 148. MIDDLE EAST INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 149. AFRICA INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 150. AFRICA INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 151. AFRICA INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 152. AFRICA INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 153. AFRICA INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 154. AFRICA INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 155. AFRICA INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 156. AFRICA INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 157. AFRICA INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 158. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 159. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 160. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 161. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 162. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 163. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 164. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 165. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 166. ASIA-PACIFIC INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 167. GLOBAL INTERNET OF THINGS MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 168. ASEAN INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 169. ASEAN INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 170. ASEAN INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 171. ASEAN INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 172. ASEAN INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 173. ASEAN INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 174. ASEAN INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 175. ASEAN INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 176. ASEAN INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 177. GCC INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 178. GCC INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 179. GCC INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 180. GCC INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 181. GCC INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 182. GCC INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 183. GCC INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 184. GCC INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 185. GCC INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 186. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 187. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 188. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 189. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 190. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 191. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 192. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 193. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 194. EUROPEAN UNION INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 195. BRICS INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 196. BRICS INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 197. BRICS INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 198. BRICS INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 199. BRICS INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 200. BRICS INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 201. BRICS INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 202. BRICS INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 203. BRICS INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 204. G7 INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 205. G7 INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 206. G7 INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 207. G7 INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 208. G7 INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 209. G7 INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 210. G7 INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 211. G7 INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 212. G7 INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 213. NATO INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 214. NATO INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 215. NATO INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 216. NATO INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 217. NATO INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 218. NATO INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 219. NATO INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 220. NATO INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 221. NATO INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 222. GLOBAL INTERNET OF THINGS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 223. UNITED STATES INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 224. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 225. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 226. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 227. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 228. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 229. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 230. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 231. UNITED STATES INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)
TABLE 232. CHINA INTERNET OF THINGS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 233. CHINA INTERNET OF THINGS MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 234. CHINA INTERNET OF THINGS MARKET SIZE, BY HARDWARE, 2018-2032 (USD MILLION)
TABLE 235. CHINA INTERNET OF THINGS MARKET SIZE, BY SERVICES, 2018-2032 (USD MILLION)
TABLE 236. CHINA INTERNET OF THINGS MARKET SIZE, BY SOFTWARE, 2018-2032 (USD MILLION)
TABLE 237. CHINA INTERNET OF THINGS MARKET SIZE, BY CONNECTIVITY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 238. CHINA INTERNET OF THINGS MARKET SIZE, BY DEPLOYMENT MODEL, 2018-2032 (USD MILLION)
TABLE 239. CHINA INTERNET OF THINGS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 240. CHINA INTERNET OF THINGS MARKET SIZE, BY END USE INDUSTRY, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Internet of Things market report include:

Amazon Web Services, Inc.
Cisco Systems, Inc.
Google LLC
Huawei Technologies Co., Ltd.
IBM Corporation
Intel Corporation
Microsoft Corporation
Oracle Corporation
PTC Inc.
Qualcomm Incorporated
SAP SE

Table Information

Report Attribute	Details
No. of Pages	193
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 760.43 Billion
Forecasted Market Value ( USD ) by 2032	$ 2380 Billion
Compound Annual Growth Rate	20.7%
Regions Covered	Global
No. of Companies Mentioned	12

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3513EUR$3,939USD£3,047GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3789EUR$4,249USD£3,286GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5136EUR$5,759USD£4,454GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6215EUR$6,969USD£5,390GBP

Market Snapshot: Internet of Things Market Growth and Trajectory

Scope & Segmentation

Key Takeaways

Tariff Impact and Supply Chain Strategy

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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