Internet of Things (IoT) market was valued at $59.5 billion in 2024 and is projected to reach $644.4 billion by 2035, growing at a CAGR of 24.5% during the forecast period (2025–2035). The Internet of Things (IoT) consists of physical objects with sensors, software, and networking functions that make data collection and exchange over the Internet or other communication media possible. IoT technology is employed in sectors such as smart homes, healthcare, industrial, and commercial applications. It automates lighting, heating, and appliances, facilitates remote patient monitoring, and enhances industrial operation, agriculture, retail, transportation, and home security.
Browse the full report description of “Internet of Things (IoT) Market Size, Share & Trends Analysis Report by Component (Hardware, Software, and Services) by Connectivity Technology (Cellular (4G/LTE, 5G), Wi-Fi, Bluetooth, Zigbee, LoRaWAN, NFC, Satellite Communication, and Ethernet) by Deployment Mode (On-Premise, and Cloud-Based), By Organization Size (Small and Medium-sized Enterprises (SMEs), and Large Enterprises) and by End User (BFSI, IT & Telecom, Manufacturing, Transportation, Healthcare, Retail, Energy& Utilities, Residential, Government & Defense, and Others) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/internet-of-things-iot-market
Moreover, the EU is showing its intent to invest in strategic space and tech startups by investing in satellite and IoT technologies-based space-based IoT infrastructure and guaranteeing European sovereignty. For instance, in November 2024, the European Investment Bank (EIB) inked a $32.5 million loan agreement with Spanish startup Sateliot to jointly fund the deployment of its constellation of more than 100 low Earth Orbit (LEO) satellites, which offer internet of things (IoT) connectivity worldwide. The funding is in line with the EIB's backing of European startups working on innovative space technologies and solutions. The initiative will enhance the European Union's connectivity in space and provide low-cost, IoT-based asset monitoring services in various sectors such as agriculture, livestock management, fisheries, protected areas, fire management, and environmental uses.
Market Coverage
• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Component
o By Connectivity Technology
o By Deployment Mode
o By Organization Size
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Amazon Web Services, Inc., Cisco Systems, Inc., IBM Corp., Microsoft, Siemens AG, among others.
Key questions addressed by the report.
Global Internet of Things (IoT) Market Report Segment
By Component
By Connectivity Technology
By Deployment Mode
By Organization Size
By End-User
Global Internet of Things (IoT) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/internet-of-things-iot-market