Skip to main content

Internet of Things (IoT) Market Outlook

Page 1

GLOBAL MARKET RESEARCH · 2026 EDITION

Internet of Things (IoT) Market From pilots to production: sizing a USD 7.54 trillion connected economy by 2035

Market size 2025

Forecast 2035

CAGR 2026–2035

New $ opportunity

USD trillion, global

>4× expansion

Forecast period

Absolute, 2026–2035

$1.86T

$7.54T

13.43%

$5.12T

Executive Summary Production-scale demand: enterprises are moving connected-asset fleets beyond pilots — the single largest growth driver (+2.8% CAGR impact). Asia-Pacific leads twice: ~35% revenue share (USD 0.65T) in 2025 and the fastest regional CAGR

of 17.1%. Value shifting to software & security: Digital Twin Software (20.3%) and IoT Security Services (19.3%) outpace the market. Fragmented field: 20 profiled players across cloud, industrial and telecom archetypes; no company holds a majority share. L E A D I N G SH A R E S, 2 0 2 5

78%

62%

58%

24%

Network Access of connectivity

Endpoint Hardware of hardware

Enterprise buyers of revenue

Manufacturing of end-use demand

Copyright © Next Move Strategy Consulting

Source: NMSC IoT Market Report · 01


MARKET LANDSCAPE

A fourfold expansion: USD 1.86T to USD 7.54T Global IoT revenue forecast (USD trillion)

CAGR 13.43% · 2026–2035

7.54

5.78 5.10 4.49

1.86

2025

2.11

2026

2.39

2027

2.71

2028

3.08

2029

3.49

2030

3.96

2031

2032

2033

2034

2035

Industry ecosystem — value flows from device to decision 01

Devices & Sensors

02

03

Cellular, LPWAN, 5G

Device mgmt, data

Connectivity

IoT Platforms

04

Software & Apps

05

Services Integration, managed

Analytics, digital twin

Endpoint, edge hardware

Segment leaders vs. fastest growers Segment

Largest sub-segment (2025 share)

Fastest growth (CAGR 26–35)

Hardware

IoT Endpoint Hardware · 62%

IoT Edge Hardware · 17.2%

Connectivity

Network Access · 78%

Connectivity Mgmt · 17.9%

Software

IoT Platform Software · 24%

Digital Twin · 20.3%

Services

Implementation Services · 28%

IoT Security Services · 19.3%

End-user

Manufacturing · 24%

Agriculture · 19.0%

Buyer type

Enterprise · 58%

Government & Public · 17.4%

Channel

Direct Sales · 47%

Marketplace · 22.4%

Shares are within each segment. GSMA Intelligence projects 38.7 billion global IoT connections by 2030.

Copyright © Next Move Strategy Consulting

Source: NMSC IoT Market Report · 02


GROWTH DRIVERS & OPPORTUNITIES

Scaling beyond pilots unlocks a USD 5.12T prize Demand drivers & restraints — impact on CAGR

percentage points

+2.8

Enterprise asset deployments scaling past pilots +2.4

AI-enabled edge analytics & digital twins +2.1

Private 5G & industrial connectivity investment

+1.9

Rising IoT security spending

+1.7

Government smart-infrastructure programs

+1.5

Ambient IoT & low-power connectivity (2028+)

−1.3

Fragmented connectivity standards −1.0

Data privacy & cross-border regulation

−0.8

Legacy OT integration cost

High-growth segments vs. 13.43% market CAGR

22.4%

20.3%

19.3%

19.0%

Marketplace sales channel

Digital Twin Software

IoT Security Services

Agriculture end-use

17.9%

17.4%

17.2%

13.43%

Connectivity Management

Government & Public buyers

IoT Edge Hardware

Overall market (benchmark)

Regional opportunity map HIGHEST PRIORITY

North America

Europe

Asia-Pacific

U.S. leads all countries at

Private 5G driver; privacy and

35% · 17.1%

~USD 0.49T; private 5G and

legacy-OT costs temper pace.

edge build-outs.

share 2025 · CAGR 2026–35

USD 0.65T in 2025. India is the fastest-growing country at 19.6% CAGR; manufacturing digitalization and government programs anchor

demand. Copyright © Next Move Strategy Consulting

Middle East & Africa

Global whitespace

Smart-infrastructure and

Edge computing, managed

modernization programs (+1.7

security, public-sector

pp).

contracts.

Source: NMSC IoT Market Report · 03


COMPETITIVE SCENARIO

A fragmented race won on platform breadth & domain depth

INDUSTRIAL DOMAIN DEPTH →

Competitive positioning matrix — 20 profiled players Industrial automation specialists

Integrated industrial leaders

Domain expertise embedded in equipment & software

Broad portfolios spanning OT, IT & digital twins

Connectivity & device players

Cloud & technology platforms

Managed connectivity, devices & fleet operations

Horizontal IoT platforms on cloud scale

HORIZONTAL PLATFORM BREADTH → STRUCTURE

Fragmented; no player holds majority share

Indicative placement based on NMSC competitive archetypes

FIVE FORCES

High rivalry & buyer power; moderate entry threat

INNOVATION FOCUS

AI edge analytics, digital twins, private 5G

Key strategies in play (2026) E X P A N S IO N

PARTNERSHIPS

PLATFORM & M&A

Edge platform launches

Ecosystem integration

Consolidation & scale

Aug 2026 · Emerson PACEdge

Jun 2026 · ABB Ability

May 2026 · AWS IoT Core adds

3.0 brings AI/ML to industrial

BuildingPro × Samsung

edge devices. Jun 2026 · Rockwell FactoryTalk

SmartThings Pro; pilots in DE,

direct point-to-point messaging. FY26 Q3 · Samsara ARR USD

ResilientEdge unifies edge & cloud intelligence. Investor read: IoT Edge

NL, DK. Jun 2026 · Huawei 5G-A IoT

1.75B, +29% revenue, first GAAP-

strategy targets chip-to-app

selective.

Hardware grows at 17.2%

ecosystem. Investor read: certified

CAGR, rewarding edge-first

interoperability is becoming a

vendors.

contract-winning

profitable quarter; M&A remains Investor read: capital is concentrating in AI-enabled platform providers.

requirement.

Copyright © Next Move Strategy Consulting

Source: NMSC IoT Market Report · 04


Thank You Connect with us for in-depth insights and strategic guidance on the IoT market. OFFICIAL WEBSITE

INSIDE THE FULL REPORT

www.nextmsc.com

• Forecasts 2025–2035 by region & country • 7 segmentation dimensions • 20 company profiles & benchmarking • Porter's Five Forces & ecosystem

CONTACT NUMBER

+1 857 758 5017 EMAIL

info@nextmsc.com

CALL TO ACTION

→

Click here for the complete report nextmsc.com/report/internet-of-things-iot-market

FOLLOW US gen-dedup-6f8fcf46841f529d4d72851026c86d14.png

LinkedIn

gen-dedup-6af15839c9ef5b32df0e8f23fac65039.png

Facebook

gen-dedup-6be17382fbfa0ccaff61918fcc9914e0.png

YouTube

gen-dedup-b1835a3bc57fe8fce43b250457b0029e.png

Twitter / X

gen-dedup-2bca70e6b6c943f83e75aee1d4124941.png

Instagram

Customized research, competitive benchmarking and go-to-market advisory available on request.

Copyright © Next Move Strategy Consulting

05


Turn static files into dynamic content formats.

Create a flipbook
Internet of Things (IoT) Market Outlook by kirankkk - Issuu