The global IoT connectivity market size reached USD 10.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 59.3 Billion by 2033, exhibiting a growth rate (CAGR) of 19.93% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 10.2 Billion |
Market Forecast in 2033
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USD 59.3 Billion |
Market Growth Rate 2025-2033 | 19.93% |
Internet of Things (IoT) connectivity refers to a network solution that provides a communication platform and network infrastructure for connecting IoT devices. It relies on a range of technologies, depending on the use cases. For instance, a Wi-Fi system is an extensively utilized frequent technology for wireless communication that provides internet services to devices like smartphones, computers, and laptops. At present, low power wide area network (LPWAN) is widely adopted in rural, offshore, and other areas with minimal accessibility as it is secure and reliable and consumes less power.
Companies around the world are relying on IoT technology to derive data-driven insights, boost productivity and efficiency, create new business models and revenue streams, and expand business globally. This represents one of the major factors propelling the market growth. Moreover, the emerging automation trend in industrial processes is driving the demand for IoT connectivity to monitor products and address quality defects in real-time continuously. Apart from this, IoT wearables are gaining widespread adoption in the healthcare industry as they enable health analytics to monitor a patient remotely. They are also utilized to track the health and safety of workers that are employed in hazardous conditions, which is contributing to the market growth. Furthermore, the boosting sales of connected cars due to increasing preferences for luxurious driving experiences are catalyzing the demand for IoT connectivity to aid device-to-device communication. Besides this, rising investments by governments of several economies on the development of smart cities are expanding the applications of IoT connectivity. It assists in reducing energy consumption and improving building performance, waste management, urban space management, use of street lighting, outdoor air quality, and road safety.
IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT connectivity market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on component, application, enterprise size and end use industry.
Breakup by Component:
Breakup by Application:
Breakup by Enterprise Size:
Breakup by End Use Industry:
Breakup by Region:
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 Features | Details |
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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) |
Key Questions Answered in This Report: