Discover Top 50 Companies in Internet of Things (IoT) Market Statistics Report till 2035
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Internet of Things (IoT) Market Size is projected To Grow from USD 60.6 Billion in 2024 to USD 292.8 Billion by 2035, at a CAGR of 15.4% during the forecast period 2025–2035. The internet of things market offers a plethora of opportunities for creativity, operational effectiveness, and sector-wide data-driven decision-making. It promotes scalable solutions in industry, healthcare, agriculture, and urban infrastructure by enabling intelligent automation, predictive maintenance, and improved connectivity.
Introduction
The Global ecosystem of physically connected objects that are equipped with sensors, software, and network connectivity to facilitate data sharing and autonomous operation is known as The Internet Of Things (IoT) Market Size.These gadgets are used in manufacturing equipment, transportation networks, healthcare systems, smart homes, and other consumer, business, and industrial domains. The market includes platforms, services, software, and hardware that enable IoT capabilities, spurring advancements in automation, real-time analytics, and smart decision-making. IoT technology gives providers the ability to keep an eye on a number of things, including retail inventory management, patient health in hospital settings, and agricultural monitoring in the agriculture industry. The IoT industry is expanding as a result of this broad acceptance across many industries. The Industrial Internet of Things (IIoT) is expected to be significantly impacted by the combination of 5G technology with industrial edge computing, which will assist in achieving increased operational efficiency and flexibility. Increased use of smart devices, internet connectivity, artificial intelligence (AI) developments, automation demands, 5G networks, and smart city initiatives are all factors contributing to this market's expansion.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights - Download the Brochure now and dive deeper into the future of the Internet of Things (IoT) Market.
Internet of Things (IoT) Market Size & Statistics
- The Market Size for Internet of Things (IoT) Was Estimated to be worth USD 60.6 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 15.4% between 2025 and 2035.
- The Global Internet of Things (IoT) Market Size is anticipated to reach USD 292.8 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Internet of Things (IoT) Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Internet of Things (IoT) Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Internet of Things (IoT) market. The largest cities like Beijing, Tokyo, and Mumbai are growing quickly, contributing to the Asia Pacific region's extraordinary urban boom. Japan IoT (Internet of Things) Market Size demonstrates the nation's fascination with robotics and advanced technology, but it also serves as a sustainable system that Japan's aging population may adopt by reducing the cost of human resources.
North America is expected to generate the highest demand during the forecast period in the Internet of Things (IoT) market. North American nations, especially the United States and Canada, are at the forefront of creating cutting-edge IoT solutions and technologies. Businesses like IBM, Cisco, and Microsoft make significant investments in IoT technologies, such as 5G networks, edge computing, and artificial intelligence (AI). The country's growing investment in smart city initiatives is promoting the use of IoT technologies to enhance public services, urban infrastructure, and the quality of life for locals.
Top 10 trends in the Internet of Things (IoT) Market
- 5G-Enabled IoT Networks
- AI & Machine Learning Integration
- Cybersecurity Enhancements
- IoT in Agriculture
- IoT in Energy & Utilities
- Blockchain for IoT Security
- IoT-Driven Sustainability
- Generative AI in IoT Devices
- Wearable IoT Devices
- Low-Power Wide-Area Networks (LPWAN)
1.5G-Enabled IoT Networks
The deployment of 5G technology in IoT networks facilitates ultra-low latency, high-speed data transmission, and extensive device connectivity. This advancement supports real-time applications, enhances operational responsiveness, and enables scalable, data-intensive solutions across industrial, urban, and consumer environments.
2. AI & Machine Learning Integration
Integrating Artificial Intelligence and Machine Learning into IoT systems enables intelligent data analysis, predictive maintenance, and autonomous decision-making. These technologies enhance device functionality, optimize performance, and contribute to more adaptive, efficient, and responsive IoT environments across various sectors.
3. Cybersecurity Enhancements
Strengthening cybersecurity in IoT ecosystems involves implementing advanced encryption, secure authentication, and AI-based threat detection. These measures protect sensitive data, prevent unauthorized access, and ensure the integrity and reliability of connected devices in increasingly complex digital infrastructures.
4. IoT in Agriculture
IoT applications in agriculture facilitate precision farming through real-time monitoring of soil conditions, weather patterns, and crop health. Smart sensors and automated systems optimize resource usage, enhance productivity, and contribute to sustainable agricultural practices and food security.
5. IoT in Energy & Utilities
IoT integration in the energy and utility sectors enables smart grid management, predictive maintenance, and consumption monitoring. These innovations improve operational efficiency, reduce energy waste, and support sustainable practices by leveraging real-time data and automated control systems.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Internet of Things (IoT) market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Internet of Things (IoT) Market
- Microsoft
- Amazon Web Services (AWS)
- SAP
- Cisco Systems Inc.
- Oracle
- Cisco Systems Inc.
- Avnet Inc
- IBM
- PTC
- Software AG
- Hitachi Ltd
- Telit Cinterion
- Alibaba Cloud
- Braincube
- Particle Industries Inc.
- HQSoftware
- Clearblade
- Ayla Networks Inc.
- Losant IoT
- IoT Factory
- Oxagile
- Portainer.IO
- Emnify
- Sumatosoft
- Others
1. Microsoft
Headquarters: Redmond, Washington, USA
Software, hardware, and cloud services are the hallmarks of Microsoft Corporation, a leading worldwide technology company. Bill Gates and Paul Allen founded it in 1975, and with Windows and Office, it transformed computing. These days, Microsoft provides enterprise solutions like Dynamics 365 and Microsoft 365 and supports digital transformation through Azure, its cloud platform. Additionally, it is a leader in AI, development tools (such as Visual Studio and GitHub), and games (such as Xbox). Microsoft has embraced sustainability and open-source under CEO Satya Nadella, making it one of the most valuable firms in the world. The core of its international activities is its Redmond campus, which consists of more than 100 buildings.
2. Amazon Web Services (AWS)
Headquarters: Seattle, Washington, USA
Amazon Web Services, the company's cloud computing division, was introduced in 2006 and is a major player in the global cloud market. AWS, which has its headquarters at 410 Terry Avenue North in Seattle, provides more than 200 services, such as databases, computing, storage, machine learning, and the Internet of Things. It makes it possible for companies of all sizes to grow effectively and safely. Major systems like GE, NASA, and Netflix are powered by AWS. AWS, a leader in cloud infrastructure with global data centers and a robust developer environment, is renowned for its inventiveness and dependability. Its pay-as-you-go business model revolutionized the way businesses develop and implement digital solutions.
- SAP
Headquarters: Walldorf, Baden-Württemberg, Germany
SAP SE is a multinational software firm based in Germany that specializes in business analytics and enterprise resource planning (ERP). The headquarters of SAP, which was established in 1972, are located in Dietmar-Hopp-Allee 16 in Walldorf. It provides services to more than 180 countries and over 400,000 customers. To make businesses more efficient, SAP's Business Technology Platform combines data, analytics, and artificial intelligence. SAP is a leader in digital transformation, sustainability, and Industry 4.0. With more than 100 development centers across the globe, SAP enables companies to improve customer experiences, streamline processes, and spur innovation in a variety of sectors.
- Cisco Systems Inc.
Headquarters: San Jose, California, USA
Cisco Systems Inc. was established in 1984 and is a world leader in cybersecurity, networking hardware, and software. Cisco invented the modern internet infrastructure and has its headquarters at 170 West Tasman Drive in San Jose, California. Routers, switches, Webex communication tools, and cutting-edge security solutions are among its offerings. Cisco is a major player in enterprise networking, edge computing, and the Internet of Things. Cisco promotes digital transformation in a variety of industries with an focus on sustainability and creativity. 80% of all internet traffic worldwide is powered by Cisco's technology, making it the foundation of digital connection.
- Oracle
Headquarters: Austin, Texas, USA
Oracle Corporation is a top supplier of cloud computing, enterprise apps, and database software. Oracle, which was founded in 1977 by Ed Oates, Bob Miner, and Larry Ellison, has its headquarters in Austin, Texas. Data management was transformed by its flagship product, Oracle Database. Oracle now provides a wide range of cloud services, such as SaaS, PaaS, and IaaS. Products like Autonomous Database, NetSuite, and Oracle Fusion are used in a variety of industries, including healthcare and banking. Oracle is renowned for its scalability, strong security, and analytics driven by AI. Oracle, which employs over 160,000 people and operates in more than 175 countries, is a leader in enterprise computing and digital transformation.
Are you ready to discover more about the Internet of Things (IoT) market?
The report provides an in-depth analysis of the leading companies operating in the global Internet of Things (IoT) market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Microsoft
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Amazon Web Services (AWS)
- SAP
- Cisco Systems Inc.
- Oracle
- Cisco Systems Inc.
- Avnet Inc
- IBM
- PTC
- Others.
Conclusion
The Internet of Things (IoT) Market Size is experiencing rapid expansion, driven by advancements in cloud computing, AI, and edge technologies. With billions of connected devices across industries, IoT enhances operational efficiency, data-driven decision-making, and user experiences. Despite challenges in security and interoperability, the market is poised for sustained growth. As smart cities, healthcare, and manufacturing embrace IoT, its transformative impact will continue to redefine global digital infrastructure
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?