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Enterprise IoT Market to Soar Past USD 2580.9 million by 2035 Fueled by AI, Edge Computing and Cloud Platforms

09-15-2025 02:59 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Enterprise IoT Market

Enterprise IoT Market

The global Enterprise IoT (Internet of Things) market is poised for a decade of dynamic growth, rising from an estimated USD 760.3 million in 2025 to nearly USD 2580.9 million by 2035, according to recent industry forecasts. With a compound annual growth rate of 13%, the market's expansion reflects the rapid shift toward connected infrastructure, smart automation, and data-driven enterprises that demand agility and efficiency across industries.

A Market Driven by Digital Transformation

The adoption of IoT at the enterprise level is no longer a futuristic concept but a practical reality that is reshaping business ecosystems. Companies worldwide are integrating connected devices, gateways, and intelligent sensors to streamline operations and enable real-time decision-making. The push for digital transformation has made IoT not just a tool for efficiency but a catalyst for innovation across sectors such as manufacturing, oil and gas, healthcare, transport, utilities, IT, and finance.

As artificial intelligence and edge computing merge with IoT ecosystems, enterprises gain the power of predictive maintenance, advanced analytics, and reduced downtime. These technologies enable businesses to anticipate challenges, optimize processes, and deliver services with unprecedented precision. Regulatory backing for data security and investments in smart infrastructure further enhance market adoption, creating a fertile environment for both established corporations and emerging startups.

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Hardware's Dominance and the Rise of Scalable Solutions

Within market components, hardware continues to dominate, accounting for more than half of the revenue in 2025 with a projected share of 57.3%. From sensors and controllers to embedded integrated circuits and smart machinery, hardware forms the backbone of enterprise IoT systems. Its role in data acquisition, connectivity, and monitoring makes it indispensable to enterprises looking to digitize operations.

At the same time, software solutions and services are growing at an even faster pace. Cloud-enabled IoT platforms, consulting services, and deployment models are creating scalable frameworks that smaller enterprises can afford and larger enterprises can customize. The blend of reliable hardware and flexible software ensures that IoT systems are not only powerful but also adaptable to diverse enterprise needs.

SMEs at the Forefront of Adoption

Small and medium-sized enterprises are emerging as critical players in this transformation, accounting for nearly 44.6% of market share by 2025. The availability of subscription-based services, plug-and-play hardware, and cost-effective cloud platforms has opened the doors for SMEs to access IoT technologies that were once reserved for larger corporations. These businesses are using IoT to optimize assets, track inventory, and gain real-time insights, allowing them to compete effectively in increasingly digital markets.

Although SMEs are leading in terms of volume, large enterprises are catching up, particularly as multinational corporations seek to deploy cross-industry, interoperable IoT platforms. With an expected CAGR of 15%, large corporations are leveraging IoT to standardize operations across regions, integrate supply chains, and implement intelligent service management systems.

Manufacturing and Transport Take the Lead

Manufacturing stands out as the largest vertical for enterprise IoT, accounting for 38.7% of revenues in 2025. Smart factories, enabled by Industry 4.0 initiatives, are redefining efficiency, combining automation with IoT systems that monitor production in real time, predict maintenance needs, and reduce costs. Governments promoting smart factory incentives are accelerating this trend, making manufacturing the dominant force in the enterprise IoT market.

Transportation, however, is projected to record the fastest growth, with IoT transforming fleet management, logistics, and supply chain networks. Real-time connectivity is improving delivery efficiency, enhancing safety, and cutting operational delays. IoT-enabled logistics platforms are proving indispensable as global trade and e-commerce demand more efficient transport solutions.

Regional Growth Dynamics

The market is expanding across all regions, but North America remains a leader due to its mature technology ecosystem and early adoption of AI, cloud platforms, and connected infrastructure. The United States, in particular, is projected to post a CAGR of over 15%, supported by government initiatives, thriving startups, and established technology giants such as Amazon, Cisco, Microsoft, and IBM.

Europe follows closely, with the United Kingdom driving digital transformation initiatives and prioritizing secure, data-driven IoT deployments. The UK's commitment to privacy and security standards positions it as a reliable hub for secure enterprise IoT solutions. Germany and France continue to invest heavily in industrial IoT, particularly within their manufacturing sectors.

Asia-Pacific, however, is emerging as the fastest-growing region. China, with its aggressive smart city initiatives and the government's "Made in China 2025" plan, is expected to record a CAGR of more than 16%, making it one of the strongest global markets for enterprise IoT. Japan, with a CAGR of 14.5%, is leveraging IoT to modernize its industries, particularly in healthcare, transportation, and manufacturing, while addressing the needs of its aging population. South Korea and India are also becoming hotspots, with their focus on innovation, digital infrastructure, and industrial automation.

Request Market Research Draft Report: https://www.futuremarketinsights.com/reports/enterprise-iot-market

Connected Devices, Big Data, and the Cloud as Growth Catalysts

The surge in connected devices remains one of the most significant contributors to enterprise IoT expansion. These devices are constantly generating data that, when combined with big data analytics, provide actionable insights to improve decision-making. Enterprises across sectors such as healthcare, utilities, and BFSI are already using this integration to achieve operational excellence.

Cloud computing has emerged as the backbone of IoT infrastructure, offering scalability, flexibility, and cost efficiency. By managing vast datasets from IoT devices, cloud platforms provide enterprises with the tools needed to adapt quickly to market demands and ensure reliable system performance. The future points toward hybrid cloud and edge computing models, reducing latency and making IoT systems even more responsive.

Competitive Landscape

The enterprise IoT market is defined by the presence of both established industry leaders and innovative challengers. Global giants such as Amazon.com, Cisco Systems, IBM, Microsoft, Oracle, SAP, Siemens, Intel, PTC, and Bosch dominate with their broad portfolios and R&D capabilities. Amazon continues to strengthen its IoT presence through acquisitions, while Cisco focuses on multi-industry partnerships. IBM's Watson IoT platform is setting standards for analytics, and Microsoft and Oracle are advancing cloud-based IoT ecosystems.

Emerging players are equally important in shaping the future of enterprise IoT. Startups across Asia, Europe, and North America are bringing niche innovations in cybersecurity, edge computing, and vertical-specific IoT solutions. These disruptors are driving competition, ensuring the industry remains agile and responsive to enterprise needs.

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Head-Up Display Market: https://www.futuremarketinsights.com/reports/head-up-display-market

Radiation Dose Optimisation Software Market: https://www.futuremarketinsights.com/reports/radiation-dose-optimisation-software-market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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