Internet Of Things (IoT) Application Enablement Market Global Report 2026

The internet of things (IoT) application enablement market size has grown exponentially in recent years. It will grow from $9.59 billion in 2025 to $11.8 billion in 2026 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to increasing deployment of connected devices, growing adoption of IoT applications, rising demand for remote device management, increasing need for IoT data integration, and growing use of cloud-based IoT platforms.

The internet of things (IoT) application enablement market size is expected to see exponential growth in the next few years. It will grow to $26.68 billion in 2030 at a compound annual growth rate (CAGR) of 22.6%. The growth during the forecast period can be attributed to increasing demand for scalable IoT application development, growing adoption of secure IoT connectivity, rising demand for real-time IoT data analytics, increasing integration of IoT platforms with enterprise systems, and growing demand for automated IoT application management. Major trends during the forecast period include increasing adoption of unified IoT application enablement platforms, growing demand for secure device connectivity management, rising integration of IoT data collection and analytics tools, increasing demand for scalable IoT application development environments, and growing adoption of enterprise IoT system integration capabilities.

The expansion of industrial Internet of Things (IIoT) devices is expected to propel the growth of the Internet of Things (IoT) application enablement market going forward. Industrial Internet of Things (IIoT) devices refer to connected sensors, controllers, machines, and industrial equipment that collect, exchange, and analyze data to enhance operational efficiency, automation, and decision-making in industrial environments. The expansion of IIoT devices is driven by the increasing adoption of industrial automation, as industries are deploying connected sensors, smart machines, and automated control systems to improve operational efficiency. The expansion of industrial Internet of Things (IIoT) devices is driving demand for Internet of Things (IoT) application enablement platforms by increasing the need for scalable device connectivity, real-time data processing, seamless integration, and centralized application management across industrial environments. For instance, in May 2026, according to the GSM Association (GSMA), a UK-based non-profit industry organization, the industry surpassed 1 billion cellular Low Power Wide Area (LPWA) IoT connections by the end of 2025, reflecting the rapid expansion and growing adoption of IoT connectivity worldwide. Therefore, the expansion of industrial Internet of Things (IIoT) devices is driving the growth of the Internet of Things (IoT) application enablement market.

Major companies operating in the Internet of Things (IoT) application enablement market are concentrating on developing innovative solutions, such as AI-enabled IoT platforms, to simplify IoT deployment, strengthen real-time data analytics, and optimize connected device management. AI-enabled IoT platforms are software solutions that combine artificial intelligence with Internet of Things (IoT) technologies to collect, analyze, and manage data generated by connected devices, enabling intelligent automation, real-time insights, and improved decision-making. For instance, in October 2025, Telia Company AB, a Sweden-based telecommunications company, launched the Telia IoT Platform and Telia IoT Monitoring service. The platform enables enterprises to securely connect, manage, visualize, and analyze data from connected devices through integrated AI capabilities, simplifying the deployment and expansion of IoT applications. The accompanying Telia IoT Monitoring service provides real-time monitoring, alerts, and operational insights, helping organizations optimize asset performance, enhance decision-making, and accelerate digital transformation.

In March 2026, SUSE Group SE and Co. KGaA, a Luxembourg-based open-source software enterprise, acquired Losant IoT Inc. for an undisclosed amount. Through the acquisition, SUSE Group SE and Co. KGaA intend to enhance their edge computing and industrial automation capabilities by integrating Losant IoT Inc.’s low-code IoT application enablement platform. This integration will enable organizations to build, deploy, and manage connected industrial applications more efficiently across edge and cloud environments. Losant IoT Inc. is a US-based IoT technology company specializing in application enablement, device connectivity, and real-time data processing solutions for industrial and enterprise applications.

Major companies operating in the internet of things (iot) application enablement market are Amazon Web Services Inc., Microsoft Corporation, Google LLC, NVIDIA Corporation, Siemens AG, Qualcomm Incorporated, Cisco Systems Inc., Oracle Corporation, Huawei Technologies Co. Ltd., Honeywell International Inc., SAP SE, Samsara Inc., Cumulocity GmbH, Telit Cinterion, Aeris Communications Inc., Soracom Inc., Particle Industries Inc., KaaIoT Technologies LLC, Losant IoT Inc., Blynk Inc., ThingsBoard Inc., Davra Networks Limited.

Asia-Pacific was the dominating region in the internet of things (iot) application enablement market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the internet of things (iot) application enablement market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the internet of things (iot) application enablement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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