How big is the Internet Of Things Market?

The Internet Of Things Market size is expected to reach USD 1.17 trillion in 2024 and grow at a CAGR of 15.12% to reach USD 2.37 trillion by 2029. Read More

What is the current Internet Of Things Market size?

In 2024, the Internet Of Things Market size is expected to reach USD 1.17 trillion. Read More

Who are the key players in Internet Of Things Market?

Cisco Systems, Inc., Google, Inc., IBM Corporation, Microsoft Corporation and Huawei Technologies Co. Ltd are the major companies operating in the Internet Of Things Market. Read More

Which is the fastest growing region in Internet Of Things Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Internet Of Things Market?

In 2024, the North America accounts for the largest market share in Internet Of Things Market. Read More

What years does this Internet Of Things Market cover, and what was the market size in 2023?

In 2023, the Internet Of Things Market size was estimated at USD 0.99 trillion. The report covers the Internet Of Things Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Internet Of Things Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Internet Of Things (IoT) Market Share

Statistics for the 2023 & 2024 Internet Of Things (IoT) market share, created by Mordor Intelligence™ Industry Reports. Internet Of Things (IoT) share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Internet Of Things (IoT) Industry

The Internet of Things (IoT) market is highly competitive owing to many large and small players operating in the domestic and international markets. Due to the high presence of technology, the market seems to be fragmented. Product innovation and mergers and acquisitions are two important methods the leading market participants use. Oracle Corporation, Cisco Systems Inc., Google Inc., IBM Corporation, and Microsoft Corporation are a few of the market's main participants.

In February 2024, Vi Business, the enterprise arm of Vodafone Idea, unveiled 'Vi Business IoT Smart Central,' a self-care platform designed for Internet of Things (IoT) connectivity and device management. This platform empowers companies to remotely control and manage their IoT assets in real time, enhancing the efficiency of their operations. Vi Business highlights that the platform not only streamlines the management of IoT assets but also offers insights to improve the SIM lifecycle and facilitates operations across diverse industries. Notably, Vi Business emphasizes that the platform's standout features include dynamic billing and customized rate plans, leveraging advanced analytics to tailor services based on usage patterns.

In January 2024, Actility and Hxperience announced a collaboration aimed at unveiling three innovative IoT solutions. These solutions started from a shared commitment to a sustainable, efficient, and health-focused world, targeting critical areas like building management, energy conservation, and well-being. Leveraging Hxperience's advanced SMATI software, building managers gain access to a comprehensive 360° monitoring system. This system, powered by LoRaWAN-connected sensors sourced from companies like Nexelec and Watteco, delivers actionable insights. These insights, in turn, enhance equipment performance, optimize energy consumption, and elevate occupant well-being.