Press release
A Deep Dive into IoT Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
IoT
The IoT's implementation across sectors such as the automotive industry is a major driving force for its market expansion. The advent of IoT in car manufacturing has created novel possibilities for both manufacturers and global consumers. The automotive sector sees increasing multi-functional IoT applications, turning it into a major hotspot. IoT facilitates superior control, communication, and data transfer at all points of transportation. Big corporations like Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are progressively investing in crafting intelligent cars, bundling them with features for a healthier, more enjoyable, and convenient driving engagement. UBS estimates that by 2030, 12% of all car sales will be aimed at autonomous taxi fleets, with around 26 million driverless taxis operating across the globe.
Get Your IoT Market Report Here:
https://www.thebusinessresearchcompany.com/report/iot-global-market-report
What growth opportunities are expected to drive the iot market's CAGR through 2034?
In the past few years, the size of the IoT market has seen considerable expansion. It is predicted that it will elevate from a valuation of $535.97 billion in 2024 to reach $629.5 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.5%. The escalation during the historic phase is primarily due to the surge in connected devices, data analysis and insights, advancements in industrial automation, initiatives for smart cities, and transformation in healthcare.
The size of the IoT market is anticipated to experience exceptional expansion in the upcoming years, reaching a valuation of $1520.12 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 24.7%. Prominent reasons contributing to the projected growth within this forecast period include the proliferation of 5G networks, the embrace of edge computing, a surge in industrial IoT (iIoT), expansion of smart homes and consumer-oriented IoT, and a concentrated emphasis on sustainability and energy efficiency. Notably, key trends that are predicted to shape this period encompass the use of blockchain to ensure data integrity, the establishment of interoperability standards, the prevalence of edge AI and inference, a shift towards sustainable IoT solutions and considerable advancement in healthcare IoT.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3185&type=smp
What are the emerging trends shaping the future of the iot market?
Key players in the sector of multifamily housing green constructions are developing cutting-edge technologies such as green transformation (GX), to elevate sustainability, energy efficiency, and the environmental performance within residential projects. GX involves the acceptance of sustainable practices, technologies, and innovations aimed at reducing environmental damage and promoting energy efficiency. To give an example, in September 2024, a multinational conglomerate based in Japan, Hitachi Ltd., unveiled a fresh model known as BuilMirai Building IoT solution. This solution is a comprehensive platform designed to heighten the management and operational proficiency of small and medium-scale buildings. It underlines the importance of green building practices, falling in line with worldwide trends focusing on sustainability in building and managing properties. These solutions will be provided via monthly subscription packages, allowing customers to opt for services as they require, subsequently reducing their investment and fostering green (GX) and digital transformation (DX) in small and mid-sized buildings. BuilMirai serves as a junction for different building facilities and systems, advancing their management and operational effectiveness.
Which growth-oriented segments of the iot market are leading the industry's development?
The IoT market covered in this report is segmented -
1) By Platform: Device Management, Application Management, Network Management
2) By Application: Building And Home Automation, Smart Energy And Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility And Transportation, Other Applications
3) By End Use Industry: Banking, Financial Services, And Insurance (BFSI), Retail, Government, Healthcare, Manufacturing, Transportation, IT And Telecom, Other End-User Industries
Subsegments:
1) By Device Management: Device Provisioning, Device Configuration, Device Monitoring, Firmware Management
2) By Application Development: Application Development Platforms, Application Deployment, Application Integration, Application Analytics
3) By Network Management: Connectivity Management, Network Monitoring, Network Security, Data Management And Analytics
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3185
What regions are leading the charge in the iot market?
Asia-Pacific was the largest region in the IoT market in 2024. North America was the second largest region in the global IoT market share. The regions covered in the IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the iot market?
Major companies operating in the IoT market include Google Inc., Microsoft Corporation, AT&T Inc., Dell Inc., Huawei Technologies Co. Ltd., Hitachi DataSystems Corporation, Amazon WebServices Inc., General Electric Company, Intel Corporation, International Business Machine Corporation, CiscoSystems Inc., Oracle Corporation, SAP SE, Fujitsu Ltd., Hewlett-Packard Enterprise Company, Bosch Software Innovation GmbH, accenture* plc, PTC Inc., Davra Networks Limited, Cumulocity GmbH, BlackBerry Limited, C3 IoT Inc., Exosite LLC, Device Insight GmbH, Concirrus Limited, EVRYTHNG Limited, Bright Wolf LLC, Connio Inc
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=3185&type=smp
What Is Covered In The IoT Global Market Report?
•Market Size Forecast: Examine the iot market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the iot market for a structured understanding.
•Key Players Overview: Analyze major players in the iot market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the iot market.
•Segment Contributions: Evaluate how different segments drive overall growth in the iot market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the iot market.
•Industry Challenges: Identify potential risks and obstacles affecting the iot market.
•Competitive Landscape: Review strategic developments in the iot market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release A Deep Dive into IoT Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034 here
News-ID: 3908658 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for IoT
2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers.
Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg
Event HighlightsIndustry Solutions Awards
The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications.
STEM Women Congress
A dedicated day…
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
