Enterprise IoT

Global Enterprise IoT Market to Reach US$3.1 Billion by 2030

The global market for Enterprise IoT estimated at US$1.4 Billion in the year 2024, is expected to reach US$3.1 Billion by 2030, growing at a CAGR of 13.7% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 12.1% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Software & Solutions segment is estimated at 15.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$371.9 Million While China is Forecast to Grow at 13.0% CAGR

The Enterprise IoT market in the U.S. is estimated at US$371.9 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$476.2 Million by the year 2030 trailing a CAGR of 13.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.4% and 11.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

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.

Select Competitors (Total 36 Featured) -

• 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

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