Global IoT Connectivity Market to Grow at 19.93% During 2025-2033, Bolstered by Emerging Automation Trend

January 15, 2025 | Technology & Media

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As per the latest report by IMARC Group titled, “IoT Connectivity Market Report by Component (Solutions, Services), Application (Buildings and Home Automation, Smart Energy and Utility, Smart Manufacturing, Smart Retail, Smart Transportation, and Others), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), End Use Industry (BFSI, Healthcare, Travel and Hospitality, Defense and Aerospace, IT and Telecommunication, Retail and E-Commerce, Manufacturing, and Others), and Region 2025-2033,” the global IoT connectivity market size reached USD 10.2 Billion in 2024. Internet of things (IoT) connectivity refers to the connection between the points in the IoT ecosystem, such as sensors, routers, applications, gateways, platforms, and other systems. It relies on various network solutions, depending on the range, bandwidth and power consumption. For instance, a Wi-Fi system is a widely utilized wireless communication technology that provides internet services to numerous devices like smartphones, computers and laptops.

Global IoT Connectivity Market Trends:

The market is primarily driven by the widespread adoption of IoT technology in the commercial sector to derive data-driven insights, boost productivity and efficiency, create new business models and revenue streams, and expand business globally. In addition, the emerging automation trend in industrial processes is escalating the demand for IoT connectivity to continuously monitor products and address quality defects in real-time. Besides this, the market is favored by the growing adoption of IoT wearables in the healthcare industry as they are utilized to remotely monitor a patient. Along with this, IoT devices are employed to track the health and safety of workers working in hazardous conditions. Moreover, the increasing sales of luxury cars are driving the demand for IoT connectivity to aid device-to-device communication. Furthermore, the increasing investments by governments of different countries in developing smart cities are also creating a positive market outlook. Looking forward, the market value is projected to reach USD 59.3 Billion by 2033, expanding at a CAGR of 19.93% during 2025-2033.

Market Summary:

On the basis of the component, the market has been bifurcated into solutions and services.
Based on the application, the market has been classified into buildings and home automation, smart energy and utility, smart manufacturing, smart retail, smart transportation, and others.
The market has been segmented based on the enterprise size into small and medium, and large enterprises.
Based on the end-use industry, the market has been segregated into BFSI, healthcare, travel and hospitality, defense and aerospace, IT and telecommunication, retail and e-commerce, manufacturing, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, along with the profiles of the key players being Aeris Communications India Pvt. Ltd, AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Orange, Sierra Wireless, Sigfox, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telit IoT Platforms, LLC, Verizon Communications Inc. and Vodafone Group Plc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Component, Application, Enterprise Size, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aeris Communications India Pvt. Ltd, AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Orange, Sierra Wireless, Sigfox, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telit IoT Platforms, LLC, Verizon Communications Inc. and Vodafone Group Plc
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global IoT Connectivity Market to Grow at 19.93% During 2025-2033, Bolstered by Emerging Automation Trend

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