The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2019 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Industrial IoT segment achieves the highest value of 161.02 billion U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the revenue in Canada and a comparison of the revenue in Japan. The Statista Market Insights cover a broad range of additional markets.

By 2025, forecasts suggest that there will be more than 75 billion Internet of Things (IoT) connected devices in use. This would be a nearly threefold increase from the IoT installed base in 2019.

What is the Internet of Things?

The IoT refers to a network of devices that are connected to the internet and can “communicate” with each other. Such devices include daily tech gadgets such as the smartphones and the wearables, smart home devices such as smart meters, as well as industrial devices like smart machines. These smart connected devices are able to gather, share, and analyze information and create actions accordingly. By 2023, global spending on IoT will reach 1.1 trillion U.S. dollars.

How does Internet of Things work?

IoT devices make use of sensors and processors to collect and analyze data acquired from their environments. The data collected from the sensors will be shared by being sent to a gateway or to other IoT devices. It will then be either sent to and analyzed in the cloud or analyzed locally. By 2025, the data volume created by IoT connections is projected to reach a massive total of 79.4 zettabytes.

Privacy and security concerns 

Given the amount of data generated by IoT devices, it is no wonder that data privacy and security are among the major concerns with regard to IoT adoption. Once devices are connected to the Internet, they become vulnerable to possible security breaches in the form of hacking, phishing, etc. Frequent data leaks from social media raise earnest concerns about information security standards in today’s world; were the IoT to become the next new reality, serious efforts to create strict security stands need to be prioritized.

Snapshot img

Internet Of Things Sensors Market Size 2024-2028

The internet of things sensors market size is forecast to increase by USD 63.09 billion at a CAGR of 41.29% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for smart factories and Industrial IoT (IIoT) is driving the market, as sensors play a crucial role in enabling real-time monitoring and automation of industrial processes. 
Additionally, the need for remote monitoring of various applications, such as healthcare services and agriculture, is leading to a surge in demand for IoT sensors. Furthermore, regulatory compliance is becoming increasingly important, and sensors are essential for ensuring adherence to various standards and regulations. These factors are expected to continue fueling the growth of the IoT sensors market in the coming years.

What will be the Size of the IoT Sensors Market During the Forecast Period?

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The market is experiencing robust growth, driven by the increasing adoption of IoT technologies in various industries. IoT sensors play a crucial role in building security systems, connected healthcare, supply chain optimization, and smart home automation, among others. These sensors enable real-time data analysis, response time improvement, and AI-powered decision making in areas such as temperature and lighting control, edge computing, and error identification.
Market trends include the integration of IoT sensors in industrial automation, workflow optimization, and smart grid technology. In the realm of consumer devices, wearable technology trends, inertial sensors, and proximity-based systems are gaining traction. IoT sensors are also revolutionizing sectors like healthcare with applications in health monitoring, including electrocardiograms and occupancy sensors.
Additionally, IoT sensors are essential for digital transformation strategies in industries like transportation, enabling sustainable transportation solutions and autonomous vehicle development. In the realm of smart cities, IoT sensors are instrumental in optimizing energy management, air quality monitoring, and smart city infrastructure. Furthermore, IoT sensors are transforming industries like agriculture with precision farming and process optimization. In the realm of security, IoT sensors are being used for advanced robotics and occupancy detection, providing enhanced security measures. Overall, the IoT sensors market is a dynamic and evolving landscape, offering numerous opportunities for businesses seeking to leverage real-time data and improve operational efficiency.

How is this Internet Of Things Sensors Industry segmented and which is the largest segment?

The IoT sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Consumer electronics
  Automotive
  Food and beverages
  Healthcare
  Others


Type

  Temperature sensor
  Pressure sensor
  Humidity sensor
  Flow sensor
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By End-user Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

IoT sensors play a pivotal role in the consumer electronics industry, fueling the growth of markets such as wearable technology and smart homes. The integration of IoT sensors in devices enables enhanced functionality and responsiveness. Notable consumer electronics incorporating these sensors include smartphones, smartwatches, and fitness trackers, which monitor environmental changes, track user movement, and measure vital signs. The advent of IoT sensors has facilitated the development of smart homes, where devices can be remotely controlled via mobile applications. Additionally, IoT sensors are employed in industries like manufacturing, healthcare, transportation, and energy to optimize processes, improve response times, and enable remote monitoring.

Innovations such as connected cars, autonomous driving technologies, smart cities, aerospace, and industrial automation further expand the application scope of IoT sensors. These sensors contribute to energy efficiency, asset tracking, temperature and humidity control, and building automation, among other applications. IoT sensors enable data-driven strategies and facilitate the integration of machine learning and artificial intelligence, enhancing overall system performance.

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The Consumer electronics segment was valued at USD 1.18 billion in 2018 and showed a grad

The global telecom Internet of Things (IoT) market in 2023 was anticipated to be valued at US$ 55.154 billion. With an increasing demand for improved connectivity solutions to connect smart devices, the telecom Internet of Things (IoT) market is estimated to reach US$ 410.656 billion by 2033, with a CAGR of 22.2% from 2023 to 2033.

Attribute	Details
Market HCAGR (From 2018 to 2022)	20.1%
Market Size - 2018	US$ 21.945 billion
Market Size - 2022	US$ 45.733 billion

Attribute	Details
Market CAGR (From 2023 to 2033)	22.2%
Market Size - 2023	US$ 55.154 billion
Market Size - 2033	US$ 410.656 billion

Country-wise Insights

Attribute	Details
North America Market Share - 2023	27.1%
United States Market Share - 2023	19.40%
Australia Market Share - 2023	3.20%

Attribute	Details
Japan Market Share -2023	5.4%
China Market CAGR (From 2023 to 2033)	20.4%
India Market CAGR (From 2023 to 2033)	25.6%

Attribute	Details
Europe Market Share - 2023	24.30%
Germany Market Share - 2023	9.4%
United Kingdom Market CAGR (From 2023 to 2033)	18.7%

As of 2024, 260 billion U.S. dollars were spent on the Internet of Things (IoT) technology worldwide. It was a substantial decrease from the last year and overall the lowest result within the document years. Why IoT Security is increasingly becoming a major concern for businesses. In fact, when asked why they were adopting Internet of Things, the majority of European IoT adopters stated that the reason was to improve security. In fact, over 120 billion U.S. dollars were spent on IT security in 2019 worldwide. Reducing operational costs and improving efficiency were also popular motivations for adoption IoT. Funding & spending More and more organizations seem to be investing in IoT and their number amounted to 2,552 thousand organizations in Europe as of May 2020. The funding amounted to over five billion U.S. dollars. Additionally, technology spending into smart city initiatives reached 104 billion U.S. dollars worldwide in 2019.

The size of the US IoT Security Market was valued at USD 19942.01 million in 2023 and is projected to reach USD 88881.92 million by 2032, with an expected CAGR of 23.80% during the forecast period. IoT (Internet of Things) security refers to the practices, technologies, and strategies used to safeguard interconnected devices, networks, and systems that communicate with each other over the internet. With the growing adoption of IoT devices—ranging from smart home gadgets to industrial sensors—the need for robust security measures has become paramount. These devices are typically embedded with sensors, software, and network connectivity, enabling them to collect and exchange data, often in real-time. However, this connectivity introduces vulnerabilities that can be exploited by malicious actors, such as unauthorized access, data breaches, and malware attacks. Recent developments include: May 2023: AWS announces that Configurable Endpoints will support Transport Layer Security (TLS) 1.3. TLS 1.3 offers two significant security and performance enhancements: it gets rid of older cipher suites and legacy features from earlier TLS versions, and it performs better thanks to a streamlined handshake procedure., April 2023: Cisco unveiled new industrial loT application cloud management capabilities, streamlined dashboards to unify IT and OT operations, and adaptable network intelligence to monitor and safeguard all industrial assets., June 2020: The United States-based technology corporation Microsoft Corporation purchased Cyber X, Inc. for a value of $165 million. Microsoft Corporation develops, produces, licenses, supports, and distributes computer software, personal computers, consumer electronics, and related services. Azure loT security solutions from Microsoft Corporation, including as Azure Sentinel, will now cover devices in a range of industrial environments thanks to this acquisition. A computer and network security company established in the USA is called Cyber X, Inc..

The U.S. Internet of Things (IoT) Market size was valued at USD 98.09 USD billion in 2023 and is projected to reach USD 459.93 USD billion by 2032, exhibiting a CAGR of 24.7 % during the forecast period. The U.S. market for the Internet of Things (IoT) has become more diverse because it has a strong effect on an extended area of industries. It can be important to connect different devices and sensors to the internet to carry over and share the data, it makes automation, efficiency, and faster making decisions possible. The United States is among the countries that see Internet of Things technologies in smart homes, healthcare, agriculture, manufacturing, and decision-making, among other applications. The main possible applications are remote surveillance, time-wave standing of the equipment, and asset tracking. To illustrate, the merger of IoT and AI and ML for more thorough data analytics, the setting up of 5G networks to support massive IoT connectivity, and the enhanced data protection related to cyber security are vital trends in the US IoT market. Key drivers for this market are: Increased Number of Relevant Partnerships and Collaborations to Achieve Advancements in Artificial Intelligence Technology. Potential restraints include: Lack of Data Security Associated with Connected Devices to Hinder the Market Growth. Notable trends are: Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.

The size and share of the market is categorized based on Application (Manufacturing, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Agriculture) and Product (Hardware, Sensor, Software and Service) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Aposemat IoT-23 - a Labeled Dataset with Malcious and Benign Iot Network Traffic

Homepage: https://www.stratosphereips.org/datasets-iot23 This dataset contains a subset of the data from 20 captures of Malcious network traffic and 3 captures from live Benign Traffic on Internet of Things (IoT) devices. Created by Sebastian Garcia, Agustin Parmisano, & Maria Jose Erquiaga at the Avast AIC laboratory with the funding of Avast Software, this dataset is one of the best in the field… See the full description on the dataset page: https://huggingface.co/datasets/19kmunz/iot-23-preprocessed.

The size of the US Internet of Things Market was valued at USD 19942.01 million in 2023 and is projected to reach USD 53695.30 million by 2032, with an expected CAGR of 15.20% during the forecast period. The Internet of Things (IoT) refers to the interconnected network of physical devices, vehicles, appliances, and other objects embedded with sensors, software, and technologies that enable them to collect, exchange, and act on data over the internet or other communication networks. This ecosystem allows everyday objects, from smart thermostats and refrigerators to industrial machines and healthcare devices, to communicate with each other and users in real-time. The key aspect of IoT is its ability to connect and automate processes, improving efficiency, convenience, and decision-making through data analysis and remote management. This growth is driven by the increasing adoption of IoT devices across various industries, including manufacturing, transportation, energy, healthcare, and retail. The benefits of IoT devices, such as improved efficiency, cost savings, and enhanced customer experience, are driving their adoption. Government initiatives promoting the development and deployment of IoT solutions are also contributing to market growth. Rising concerns about food security and technological advancements are further fueling the adoption of IoT devices in agriculture and other industries. Recent developments include: In October 2021, Siemens Smart Infrastructure acquired Wattsense, a French hardware and software business that provides innovative, plug-and-play IoT management systems for small and medium-sized buildings. This would broaden Siemens' construction product line., In June 2021, Microsoft acquired ReFirm Labs to improve firmware analysis and security capabilities throughout the intelligent edge, from servers to IoT., In December 2021, Oracle announced the acquisition of Cerner, a prominent provider of digital information systems used in hospitals and health systems, enabling medical professionals to provide better care to individual patients and communities..

By Component:The USA Industrial Internet of Things market is segmented by components into hardware, software, and services. In 2023, the hardware segment held the largest market share, driven by the increasing deployment of sensors, actuators, and connectivity devices. The demand for robust and reliable hardware solutions is essential for the effective implementation of IIoT systems.

By Application:The USA Industrial Internet of Things market is segmented by application into manufacturing, energy and utilities, and transportation. In 2023, the manufacturing segment dominated the market, as the adoption of IIoT in manufacturing is driven by the need for operational efficiency, predictive maintenance, and real-time monitoring.

Snapshot img

Internet Of Things (IoT) Market Size 2024-2028

The internet of things (iot) market size is forecast to increase by USD 1554.5 billion at a CAGR of 18.52% between 2023 and 2028.

The market is experiencing significant growth and transformation, driven by technological advancements in various platforms and applications. One of the most prominent areas of development is in wearable devices, which are revolutionizing the way we monitor human health and environmental conditions. This trend is expected to continue as the technology becomes more sophisticated and affordable, creating new opportunities for businesses and individuals alike. However, the IoT market also faces challenges that must be addressed for continued growth. One of the most pressing issues is the lack of awareness and efficient management of IoT initiatives and investments. As the number of connected devices continues to increase, it becomes increasingly important for organizations to have a clear strategy for implementing and managing their IoT projects. Failure to do so can result in wasted resources and missed opportunities. Companies seeking to capitalize on the IoT market must focus on developing strategies for managing their initiatives and investments, while also staying abreast of the latest technological developments and trends. By doing so, they will be well-positioned to navigate the challenges and seize the opportunities presented by this dynamic and rapidly evolving market.

What will be the Size of the Internet Of Things (IoT) Market during the forecast period?

Request Free SampleThe market is experiencing growth, driven by the increasing integration of interconnected devices into various industries and applications. According to recent reports, the global IoT market is projected to reach a value of over USD1 trillion by 2026, with significant growth in sectors such as manufacturing, healthcare, and transportation. This expansion is fueled by the widespread adoption of IoT technology in areas like smart factories, logistics chain optimization, and intelligent disease monitoring. IoT is revolutionizing industries by enabling real-time data processing, cloud adoption, and improved service delivery. IoT devices, including those utilizing Bluetooth technology, are transforming industries by enhancing operational efficiency, reducing costs, and improving customer experiences. The market's direction is clear: IoT is poised to continue reshaping the business landscape and driving innovation across multiple sectors.

How is this Internet Of Things (IoT) Industry segmented?

The internet of things (iot) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationIndustrialRetailHealthcareICTOthersTechnologyRFIDSensorsNFCCloud servicesOthersGeographyAPACChinaNorth AmericaUSEuropeFranceGermanyNorwayMiddle East and AfricaSouth America

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.The Industrial sector is experiencing significant growth in the adoption of IoT technology, which is transforming business operations by enhancing productivity and providing a competitive edge. IoT technology enables machinery and devices to connect to the Internet via software, generating valuable data for predictive maintenance and performance optimization. However, this segment encounters challenges, including the need for increased investments, business model redesign, security concerns, standardization, and interoperability issues. Favorable government policies and collaborations among IoT stakeholders can help mitigate these challenges and advance industry expertise. IoT technology is revolutionizing various sectors, including logistics chain, smart factory automation, and the energy sector. Service providers, such as SAS Software, VMware Tanzu, and Bluetooth technology companies, are capitalizing on this trend by offering IoT solutions. The revenue forecast for the IoT market is promising, driven by cloud adoption, data processing, and the implementation of smart city initiatives. 5G technology, physical events, and operational efficiency are other areas where IoT technology is making a significant impact. Telecom infrastructure and networking infrastructure providers, such as 4G technology and Internet connectivity companies, are essential partners in this digital transformation. Consumer behavior is also evolving, with real-time marketing analysis and autonomous systems becoming increasingly important. IoT technology offers numerous revenue-generating opportunities for hardware companies, network companies, and software companies. Canadian companies, in particular, are investing in smart citizen services, public safety, and emergency medi

The global embedded security for internet of things held US$ 2,525 Million in 2017 and is projected to secure almost US$ 11,125 Million by the end of 2027.

Attribute	Details
Estimated market size of global embedded security for IoT in 2017	US$ 2,525 Million
Projected market size of global embedded security for IoT by 2027	US$ 11,125 Million
CAGR during 2017 to 2027	15.9%

Cities like San Francisco, San Jose, and Los Angeles in California dominate the IIoT market due to their strong tech ecosystems and high concentration of innovative companies. San Francisco leads with significant investments in R&D, San Jose is home to numerous tech giants and startups focusing on IIoT innovations, and Los Angeles benefits from its diverse industrial base and skilled workforce.

The revenue in the internet of things market in the United States was forecast to continuously increase between 2024 and 2029 by in total 202.5 billion U.S. dollars (+59.12 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 545.08 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the internet of things market was continuously increasing over the past years.Find more in-depth information regarding the revenue concerning the smart finance segment of the internet of things market in Europe and the revenue concerning the internet of things market in Europe. The Statista Market Insights cover a broad range of additional markets.

Global Internet of Things (IoT) Analytics Market size valued at US$ 582.34 Billion in 2023, set to reach US$ 3,138.01 Billion by 2032 at a CAGR of 20.58%.

According to a survey conducted in the U.S. in 2019, 55 percent of C-suite executives stated that the Internet of Things (IoT) was deployed in their healthcare organization. The implementation of IoT reached 60 percent in the surveyed upper market organizations.

The IoT device management market size is projected to be valued at US$ 4,965.4 million in 2023 and is expected to rise to US$ 28,118.5 million by 2033. The sales of IoT device management are predicted to expand at a significant CAGR of 16.8% during the forecast period. Over the next few years, the market is likely to be driven by rising demand for IoT services, as well as increased penetration of communication and networking technologies.

Attributes	Details
IoT Device Management Market Estimated Size (2023)	US$ 4,965.4 million
IoT Device Management Market CAGR (2023 to 2033)	16.8%
IoT Device Management Market Forecasted Size (2033)	US$ 28,118.5 million

Scope of the Report

Attributes	Details
Growth Rate	CAGR of 16.8% from 2023 to 2033
Base Year of Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and Volume in Units and F-CAGR from 2023 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Component Deployment Type Organization Size End User Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Smith Micro Software, SAP SE, Oracle Corporation, Microsoft Corporation, Intel Corporation, IBM Corporation, Google Inc, ARM Holdings, Amazon Web Services Inc.
Customization & Pricing	Available upon Request

The USA IoT (Internet of Things) market is valued at USD 99 billion , based on a five-year historical analysis. This market is driven by the rising adoption of IoT technologies across industries such as healthcare, manufacturing, transportation, and retail, along with advancements in AI, machine learning, and cloud computing. The integration of IoT with big data analytics is enabling businesses to harness real-time data for enhanced decision-making, driving demand for IoT devices and platforms.