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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.

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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, Cisco and TELUS unveiled enhanced 5G features in North America. These features target IoT applications in diverse industries, with a strong focus on connected vehicles, notably for a leading North American automotive brand's 5G Connected Car.

Internet of Things (IoT) Market Leaders

  1. Cisco Systems, Inc.

  2. Google, Inc.

  3. IBM Corporation

  4. Microsoft Corporation

  5. Huawei Technologies Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Internet Of Things (IoT) Market Concentration

Internet Of Things (IoT) Market Report Snapshots

IoT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)