Enterprise IoT - Global Strategic Business Report

The global market for Enterprise IoT was estimated at US$1.4 Billion in 2024 and is projected to reach US$3.1 Billion by 2030, growing at a CAGR of 13.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Enterprise IoT market.

Global Enterprise IoT Market - Key Trends & Drivers Summarized

How Is IoT Revolutionizing Enterprise Connectivity and Automation?

Enterprise Internet of Things (IoT) has transformed how businesses monitor, manage, and optimize operations by enabling real-time data collection and analysis across interconnected devices. IoT solutions provide enterprises with predictive maintenance, intelligent asset tracking, and real-time decision-making capabilities, driving efficiency and cost reduction. Organizations in industries such as manufacturing, logistics, healthcare, and smart infrastructure are adopting IoT to enhance operational visibility, automate workflows, and improve resource utilization.

The increasing availability of low-power wide-area networks (LPWANs), 5G connectivity, and edge computing has significantly enhanced the scalability of enterprise IoT applications. Businesses can now deploy IoT-enabled sensors, smart meters, and AI-powered analytics platforms to optimize energy consumption, reduce downtime, and streamline supply chain operations. The rise of digital twins, AIoT (Artificial Intelligence of Things), and blockchain-integrated IoT security is further advancing enterprise IoT capabilities, enabling smarter decision-making and cyber-resilient IoT infrastructures.

What Innovations Are Expanding the Capabilities of Enterprise IoT?

The integration of edge AI, 5G, and blockchain technology is revolutionizing enterprise IoT by reducing latency, enhancing security, and enabling autonomous decision-making at the network edge. AI-powered IoT analytics allow businesses to process large datasets in real time, improving predictive maintenance, anomaly detection, and automation in industrial processes.

The rise of software-defined IoT networks (SD-IoT) has improved flexibility, enabling enterprises to dynamically configure IoT connectivity and adapt to evolving operational needs. Industrial IoT (IIoT) platforms are enabling smart manufacturing, automated quality control, and real-time equipment monitoring, reducing operational risks and optimizing production efficiency. Additionally, IoT-driven digital twins are enhancing predictive asset performance modeling, allowing businesses to simulate real-world scenarios and optimize operations before implementation.

Which Industries Are Driving Adoption of Enterprise IoT Solutions?

The manufacturing industry is one of the largest adopters of enterprise IoT, using IIoT-enabled smart factories, robotic automation, and AI-driven quality control to improve production efficiency and reduce downtime. The logistics and supply chain sector relies on IoT-enabled fleet tracking, inventory monitoring, and cold chain management to enhance operational transparency and prevent disruptions.

The healthcare sector is leveraging IoT for remote patient monitoring, smart medical devices, and AI-driven diagnostics, improving patient care and hospital efficiency. In the energy and utility sector, smart grid technology and IoT-driven predictive maintenance are optimizing energy distribution and minimizing equipment failures. Additionally, the smart infrastructure and real estate industry is implementing IoT-enabled building automation, energy management, and intelligent security systems, driving sustainable urban development.

What Is Driving the Growth of the Enterprise IoT Market?

The growth in the enterprise IoT market is driven by several factors, including the increasing adoption of AI-driven IoT analytics, advancements in 5G connectivity, and the expansion of edge computing applications. The rise of hyperconnected industrial ecosystems, digital transformation initiatives, and data-driven decision-making strategies has accelerated IoT deployment across enterprises.

The expansion of smart cities, connected logistics, and real-time healthcare monitoring solutions has further fueled market growth, with organizations investing in IoT-powered automation and cloud-integrated IoT platforms. The increasing focus on cybersecurity in IoT deployments, AI-powered risk assessment, and blockchain-enabled IoT authentication has enhanced trust and security in enterprise IoT applications. As businesses seek to optimize operations, reduce costs, and improve asset efficiency, the demand for scalable, AI-driven, and secure enterprise IoT solutions is expected to witness exponential growth, shaping the future of industrial automation and digital intelligence.

Scope of Study:

The report analyzes the Enterprise IoT market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Component (Hardware, Software & Solutions, Services); Organization Size (SMEs, Large Enterprise); Application (Manufacturing, Oil & Gas, Utilities, Transport, BFSI, IT & Telecom, Healthcare, Others)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hardware segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 12.1%. The Software & Solutions segment is also set to grow at 15.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $371.9 Million in 2024, and China, forecasted to grow at an impressive 13.0% CAGR to reach $476.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Enterprise IoT Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Enterprise IoT Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Enterprise IoT Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB, Advantech, Amazon Web Services, Bosch, Cisco and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Enterprise IoT market report include:

• ABB
• Advantech
• Amazon Web Services
• Bosch
• Cisco
• Dell Technologies
• Ericsson
• GE Digital
• Honeywell
• Huawei
• IBM
• Intel
• Microsoft
• PTC
• Qualcomm
• Samsung Electronics
• SAP
• Schneider Electric
• Siemens
• Sierra Wireless

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.