
Consumer IoT Market Growth Analysis - Forecast Trends and Outlook (2025-2034)
Description
The global consumer IoT market size reached nearly USD 252.42 Billion in 2024 . The market is projected to grow at a CAGR of 11.30% between 2025 and 2034 to reach a value of around USD 736.33 Billion by 2034 .
Key Trends in the Market
Consumer IoT refers to consumer devices or equipment equipped with the Internet of things (IoT) technology. IoT enables these devices to collect, share, and store data using the internet. Consumer IoT can be implemented in various aspects of daily life, such as asset tracking, healthcare, and entertainment, among others.
“ Consumer IoT Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Offering
Home automation accounts for a significant portion of the consumer IoT market share. This can be attributed to the heightening adoption of home automation systems to optimise energy efficiency, improve the functionality of appliances, and maximise home security. In addition, a rapid shift towards a convenient lifestyle is further propelling the adoption of consumer IoTs.
Market Share by Region
As per the consumer IoT market analysis, North America is likely to witness a healthy growth in the forecast period. The growing demand for smart devices and the increasing use of technology in everyday applications are major factors driving the adoption of consumer IoT in the region. Moreover, the strong foothold of IoT companies across well-established economies such as the United States of America is further bolstering the market.
Competitive Landscape
The comprehensive Expert Market Research report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global consumer IoT market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Microsoft Corporation
Microsoft Corporation is a leading technology corporation known for its Windows line of operating systems. The company also develops IoT solutions to provide secure, scalable, and open edge-to-cloud solutions. It was founded in 1975 and is headquartered in Washington, the United States.
IBM Corporation
IBM Corporation is a multinational technology company which was founded in 1911 and is headquartered in New York, the United States. The company offers IoT solutions to help businesses extract valuable insights to improve operations.
Infineon Technologies AG
Infineon Technologies AG, founded in 1999, is a leading semiconductor company with expertise in IoT and power systems. Headquartered in Neubiberg, Germany, the company offers innovative services, solutions, and products for the automotive, telecommunications, and electronics sectors. Through its semiconductor solutions, the company aims to enhance the functionality and connectivity of IoT devices.
Other consumer IoT market players include Amazon Web Services, Inc., Intel Corporation, Hewlett Packard Enterprise Development LP, Schneider Electric SE, TE Connectivity Ltd., Texas Instruments Incorporated, and NXP Semiconductors N.V., among others.
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Key Trends in the Market
Consumer IoT refers to consumer devices or equipment equipped with the Internet of things (IoT) technology. IoT enables these devices to collect, share, and store data using the internet. Consumer IoT can be implemented in various aspects of daily life, such as asset tracking, healthcare, and entertainment, among others.
- The growing popularity of consumer IoT devices, such as smart light switches, smart locks, doorbell cams, and vice controllers, among others, is driving the market growth. Over the forecast period, the anticipated increase in penetration of IoT in daily life and advancements in smart home technology are likely to add to the consumer IoT market growth .
- Heightening penetration of consumer IoT in hybrid and electric vehicles is a key market trend. In addition, technological advancements in the automotive sector, growing car ownership, and the incorporation of tracking technology in modern vehicles are creating opportunities for the market expansion.
- The emergence of healthcare IoT technology is one of the crucial consumer IoT market trends. Consumers are rapidly adopting IoT wearables to reach their fitness goals and track their physical health. Moreover, the rising focus on preventative healthcare and growing health consciousness is anticipated to fuel the adoption of IoT devices, including wearables, in the coming years.
“ Consumer IoT Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Offering
- Hardware
- Software
- Services
- Wired
- Wireless
- Automotive
- Consumer Electronics
- Healthcare
- Home Automation
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Home automation accounts for a significant portion of the consumer IoT market share. This can be attributed to the heightening adoption of home automation systems to optimise energy efficiency, improve the functionality of appliances, and maximise home security. In addition, a rapid shift towards a convenient lifestyle is further propelling the adoption of consumer IoTs.
Market Share by Region
As per the consumer IoT market analysis, North America is likely to witness a healthy growth in the forecast period. The growing demand for smart devices and the increasing use of technology in everyday applications are major factors driving the adoption of consumer IoT in the region. Moreover, the strong foothold of IoT companies across well-established economies such as the United States of America is further bolstering the market.
Competitive Landscape
The comprehensive Expert Market Research report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global consumer IoT market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Microsoft Corporation
Microsoft Corporation is a leading technology corporation known for its Windows line of operating systems. The company also develops IoT solutions to provide secure, scalable, and open edge-to-cloud solutions. It was founded in 1975 and is headquartered in Washington, the United States.
IBM Corporation
IBM Corporation is a multinational technology company which was founded in 1911 and is headquartered in New York, the United States. The company offers IoT solutions to help businesses extract valuable insights to improve operations.
Infineon Technologies AG
Infineon Technologies AG, founded in 1999, is a leading semiconductor company with expertise in IoT and power systems. Headquartered in Neubiberg, Germany, the company offers innovative services, solutions, and products for the automotive, telecommunications, and electronics sectors. Through its semiconductor solutions, the company aims to enhance the functionality and connectivity of IoT devices.
Other consumer IoT market players include Amazon Web Services, Inc., Intel Corporation, Hewlett Packard Enterprise Development LP, Schneider Electric SE, TE Connectivity Ltd., Texas Instruments Incorporated, and NXP Semiconductors N.V., among others.
More Insights On:
IoT Device Management Market IoT Medical Devices Market IoT in Healthcare Market IoT Connectivity Market Industrial IOT Market IoT Security Market IoT Testing Market IoT Sensor Market 5G IoT Market IoT Market
Table of Contents
156 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Consumer IoT Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Consumer IoT Historical Market (2018-2024)
- 5.3 Global Consumer IoT Market Forecast (2025-2034)
- 5.4 Global Consumer IoT Market by Offering
- 5.4.1 Hardware
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.1.3 Breakup by Type
- 5.4.1.3.1 Processor
- 5.4.1.3.2 Network infrastructure
- 5.4.1.3.3 Sensors
- 5.4.1.3.4 Others
- 5.4.2 Software
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Services
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.5 Global Consumer IoT Market by Connectivity
- 5.5.1 Wired
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Wireless
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.2.3 Breakup by Type
- 5.5.2.3.1 Bluetooth
- 5.5.2.3.2 Wi-Fi
- 5.5.2.3.3 NFC
- 5.5.2.3.4 Others
- 5.6 Global Consumer IoT Market by Application
- 5.6.1 Automotive
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Consumer Electronics
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Healthcare
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Home Automation
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Others
- 5.7 Global Consumer IoT Market by Region
- 5.7.1 North America
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Europe
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Asia Pacific
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Latin America
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.7.5 Middle East and Africa
- 5.7.5.1 Historical Trend (2018-2024)
- 5.7.5.2 Forecast Trend (2025-2034)
- 6 North America Consumer IoT Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Consumer IoT Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Consumer IoT Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Consumer IoT Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Consumer IoT Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 IBM Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Amazon Web Services, Inc.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Intel Corporation
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Hewlett Packard Enterprise Development LP
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Microsoft Corporation
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Schneider Electric SE
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 TE Connectivity Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Texas Instruments Incorporated
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 NXP Semiconductors N.V.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Infineon Technologies AG
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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