The number of Internet of Things (IoT) devices worldwide is forecast to more than double from 19.8 billion in 2025 to more than 40.6 billion IoT devices by 2034. In 2034, the highest number of IoT devices will be found in China, with around 7.51 billion consumer devices. IoT devices are used in all types of industry verticals and consumer markets, with the consumer segment accounting for around 60 percent of all IoT or connected devices in 2025. This share is projected to stay at this level over the next ten years. Major verticals and use cases Major industry verticals with currently more than 100 million connected IoT devices are electricity, gas, steam & A/C, water supply & waste management, retail & wholesale, transportation & storage, and government. Overall, the number of IoT devices across all industry verticals is forecast to grow to more than eight billion by 2033. Major use-cases The most important use case for IoT devices in the consumer segment are consumer internet & media devices such as smartphones, where the number of IoT devices is forecast to grow to more than 17 billion by 2033. Other use cases with more than one billion IoT devices by 2033 are connected (autonomous) vehicles, IT infrastructure, asset tracking & monitoring, and smart grid.
The global market for Internet of things (IoT) end-user solutions is expected to grow to *** billion U.S. dollars in size by the end of 2019. The technology reached *** billion dollars in market revenue for the first time in 2017, and forecasts suggest that this figure will grow to around *** trillion by 2025. The Internet of Things The Internet of Things (IoT) is a term used to describe the continually growing network of internet connected electronic devices that are in operation around the world today. These devices often share data and information in order to provide added convenience and control to consumers and, in some cases, even allow users automate simple processes such as ordering supplies. Tens of billions of these IoT connected devices already exist around the world and this number will only grow as internet connectivity begins to become a standard feature for a great number of electronics devices. Although heavily integrated into the consumer electronics market, IoT extends far beyond handheld devices and home appliances; IoT subsystems such as industrial internet and connected cities aim at automating factories and urban areas rather than just households. Digital virtual assistants such as Amazon’s Alexa and Google Assistant serve as the bridge between this network of interconnected devices and their human users.
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This is a dataset containing a country-level breakdown of infected and Exposed IoT devices detected through sinkholes, honeypots and darknets operated by The Shadowserver Foundation and its partners. The data is grouped by IoT related threats. In some cases a vulnerability id is provided as a threat name - this is for cases when an IP was seen attempting to exploit an IoT related vulnerability by a honeypot, but no threat related information was acquired. This dataset was created as part of the EU CEF VARIoT project https://variot.eu
The statistic shows the overall data volume of connected devices/IoT connections worldwide in 201 and 2025. By 2025, total data volume of connected IoT devices worldwide is forecast to reach **** zettabytes (ZBs).
The global market for enterprise Internet of things (IoT) is expected to grow to *** billion U.S. dollars in size by the end of 2030. The technology reached *** billion dollars in market revenue for the first time in 2023, and forecasts suggest that this figure will grow to around *** billion by 2024.
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Introduction
Internet of Things Statistics: The Internet of Things (IoT) is revolutionizing the way devices and systems interact, paving the way for a new age of connectivity and automation. As smart devices, ranging from home appliances to industrial equipment, become more prevalent, IoT forms an interconnected network that facilitates real-time data exchange and automation across numerous sectors.
The expansion of 5G networks, combined with advancements in artificial intelligence (AI) and machine learning, further amplifies the potential of the Internet of Things (IoT), driving efficiency and creating new opportunities in industries such as healthcare, manufacturing, logistics, and agriculture. While IoT holds the promise of increased productivity, cost reductions, and innovative business models, it also introduces challenges related to data privacy, security, and regulatory concerns.
As the Internet of Things (IoT) continues to evolve, its influence on both industries and daily life is expected to grow significantly.
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The global IoT Communication Technologies Market is projected to grow at a CAGR of 7.9% from 2025 to 2032, reaching over USD 24,562.59 Million by 2032 from a valuation of USD 13,409.30 Million in 2024 and USD 14,224.34 Million in 2025.
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IoT Platform Market is predicted to reach $23.66 billion by 2030 with a CAGR of 14.1% from 2023 to 2030
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Cumulative number of IoT access numbers over the years.
The statistic shows the number of IoT connected things worldwide from 2018 to 2025, by type. In 2018, there were *** billion connected objects worldwide in the consumer sector.
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In 2023, IoT Applications Market reached a value of USD 99.45 billion, and it is projected to surge to USD 285.63 billion by 2030
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The Internet of Things (IoT) Devices market has witnessed remarkable growth, becoming a pivotal component across various industries, from manufacturing and healthcare to smart homes and urban development. As of 2023, the global IoT Devices market size is estimated to be valued at over $500 billion, with a compound a
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Satellite IoT Industry is likely to total USD 1.9 Billion in 2024 and exceed USD 10.2 Billion by 2033, record a steady CAGR of 20.8%.
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In 2023, the Managed IoT Services Market reached a value of USD 41.06 billion, and it is projected to surge to USD 186.32 billion by 2030.
By 2034, the number of Internet of Things (IoT) connected devices is expected to be the largest in the Greater China area, with over 12 billion devices. Other regions that are also expected to lead in the number of IoT devices are Europe and North America.
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The global IoT in supply chain market size is anticipated to reach a valuation of US$ 41.8 billion by 2033. It is estimated to surpass a valuation of US$ 12.4 billion by 2023. From 2018 to 2022, the global market is projected to witness a CAGR of 15.5%.
Attributes | Key Insights |
---|---|
IoT in Supply Chain Market Estimated Size (2023E) | US$ 12.4 billion |
Projected Market Valuation (2033F) | US$ 41.8 billion |
Value-based Market CAGR (2018 to 2022) | 15.5% |
Value-based Market CAGR (2023 to 2033) | 12.9% |
Scope of the Report
Attributes | Details |
---|---|
Estimated Market Size (2023) | US$ 12.4 billion |
Projected Market Valuation (2033) | US$ 41.8 billion |
Value-based CAGR (2023 to 2033) | 12.9% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ billion) |
Segments Covered |
|
Key Regions Covered |
|
Key Countries Covered | United States, Canada, Brazil, Mexico, rest of Latin America, China, Japan, South Korea, India, Association of Southeast Asian Nations, Oceania, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Rest of Western Europe, Poland, Hungary, Romania, Czech Republic, Central Asia, Russia & Belarus, Balkan & Baltics, GCC Countries, Türkiye, Northern Africa and South Africa |
Key Companies Profiled |
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Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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The 5G Modules for IoT market is experiencing a transformative shift as industries worldwide embrace the power of high-speed connectivity to enhance operational efficiency and foster innovation. The introduction of 5G technology has revolutionized the Internet of Things (IoT) landscape, providing unprecedented data
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The AI in IoT market is expected to expand its roots at a steady CAGR of 6.4% during the forecast period. The market is likely to hold a revenue of US$ 82.1 billion in 2023 while it is anticipated to cross a value of US$ 153.1 billion by 2033.
Attributes | Details |
---|---|
AI in IoT Market CAGR (2023 to 2033) | 6.4% |
AI in IoT Market Size (2023) | US$ 82.1 billion |
AI in IoT Market Size (2033) | US$ 153.1 billion |
Country-wise Insights
Countries | Revenue Share % (2023) |
---|---|
United States | 19.4% |
Germany | 9.4% |
Japan | 6.8% |
Australia | 2.8% |
North America | 29.4% |
Europe | 22.9% |
Countries | CAGR % (2023 to 2033) |
---|---|
China | 7.1% |
India | 6.8% |
United Kingdom | 5.5% |
Category-wise Landscape
Category | By Component |
---|---|
Leading Segment | Platform |
Market Share (2022) | 47.3% |
Category | By Technologies |
---|---|
Leading Segment | ML and Deep Learning |
Market Share (2022) | 79.4% |
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The Internet of Things (IoT) Platform market has emerged as a pivotal component of the digital transformation across various industries, facilitating seamless connectivity and intelligent data management. As businesses increasingly adopt IoT technologies to enhance operational efficiency and innovate their services,
By 2025, forecasts suggest that there will be more than ** 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 *** 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 **** 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.
The number of Internet of Things (IoT) devices worldwide is forecast to more than double from 19.8 billion in 2025 to more than 40.6 billion IoT devices by 2034. In 2034, the highest number of IoT devices will be found in China, with around 7.51 billion consumer devices. IoT devices are used in all types of industry verticals and consumer markets, with the consumer segment accounting for around 60 percent of all IoT or connected devices in 2025. This share is projected to stay at this level over the next ten years. Major verticals and use cases Major industry verticals with currently more than 100 million connected IoT devices are electricity, gas, steam & A/C, water supply & waste management, retail & wholesale, transportation & storage, and government. Overall, the number of IoT devices across all industry verticals is forecast to grow to more than eight billion by 2033. Major use-cases The most important use case for IoT devices in the consumer segment are consumer internet & media devices such as smartphones, where the number of IoT devices is forecast to grow to more than 17 billion by 2033. Other use cases with more than one billion IoT devices by 2033 are connected (autonomous) vehicles, IT infrastructure, asset tracking & monitoring, and smart grid.