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

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

Report Format: PDF+Excel | Report ID: SR112025A4583

Market Overview:

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 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 10.2 Billion
Market Forecast in 2033
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. 

IoT Connectivity Market Trends:

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.

Key Market Segmentation:

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:

  • Solutions
  • Services
     

Breakup by Application:

  • Buildings and Home Automation
  • Smart Energy and Utility
  • Smart Manufacturing
  • Smart Retail
  • Smart Transportation
  • Others
     

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Breakup by End Use Industry:

  • BFSI
  • Healthcare
  • Travel and Hospitality
  • Defense and Aerospace
  • IT and Telecommunication
  • Retail and E-Commerce
  • Manufacturing
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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 Coverage:

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)


Key Questions Answered in This Report:

  • How has the global IoT connectivity market performed so far and how will it perform in the coming years ?
  • What has been the impact of COVID-19 on the global IoT connectivity market ?
  • What are the key regional markets ?
  • What is the breakup of the market based on the component ?
  • What is the breakup of the market based on the application ?
  • What is the breakup of the market based on the enterprise size ?
  • What is the breakup of the market based on the end use industry ?
  • What are the various stages in the value chain of the industry ?
  • What are the key driving factors and challenges in the industry ?
  • What is the structure of the global IoT connectivity market and who are the key players ?
  • What is the degree of competition in the industry ?

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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
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