Australia Internet of Things (IoT) Market 2025 | Worth USD 92.6 Billion by 2033

Market Overview
The Australia Internet of Things (IoT) market was valued at USD 30.5 Billion in 2024 and is projected to reach USD 92.6 Billion by 2033. The market is expected to grow steadily during the forecast period from 2025 to 2033 with a compound annual growth rate of 13.15%. Key growth drivers include expanding smart city initiatives, increasing adoption of connected devices, advancements in 5G technology, rising demand for industrial automation, and strong government support for digital transformation and data-driven solutions.

Australia Internet of Things (IoT) Market
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How AI is Reshaping the Future of australia internet of things (iot) market
• AI-powered analytics are becoming integral in processing the large volumes of IoT-generated data, enhancing real-time decision-making capabilities across industries like healthcare, transportation, and manufacturing.
• Government initiatives actively support IoT innovation with funding and grants, encouraging startups and established businesses to integrate AI for smarter infrastructure and energy management.
• AI enhances consumer IoT applications by enabling voice assistants and personalized automation in smart homes, attracting more users to connected devices.
• Leading companies in the market, such as Secolve and Sateliot, are deploying AI-driven IoT solutions for risk management, security, and satellite connectivity, demonstrating practical applications accelerating market adoption.
• AI facilitates the expansion of interoperable IoT ecosystems, optimizing logistics, supply chain networks, and predictive maintenance processes essential for industrial automation.
• The integration of AI in IoT contributes to sustainability efforts by enabling efficient resource management in smart cities and agriculture, supported by government policies emphasizing environmental goals.

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Market Growth Factors
Australia's push for smart city initiatives significantly drives IoT market growth by integrating IoT technologies into urban infrastructure management. Cities like Sydney, Melbourne, and Brisbane invest heavily in IoT-enabled solutions for traffic systems, waste management, energy grids, and public safety. Real-time data from embedded sensors enables cities to optimize energy consumption, reduce congestion, and improve public services, aligning with government efforts to address environmental sustainability and resource efficiency challenges. This targeted advancement accounts for a substantial portion of the growing IoT demand in the country.
Advancements in 5G technology are critical growth catalysts, offering faster data transfer rates, lower latency, and increased device capacity for IoT applications. This breakthrough supports real-time remote patient monitoring in healthcare, connected and autonomous vehicles in transportation, and manufacturing process optimization. The deployment of 5G enhances the reliability and scalability of IoT networks, opening up opportunities for innovative applications and market expansion. The widespread rollout of 5G contributes to strengthening Australia's digital infrastructure, fueling IoT adoption across multiple sectors.
The rising demand for industrial automation spearheads IoT adoption within manufacturing, mining, and agricultural industries. IoT sensors provide real-time monitoring, predictive maintenance, and process optimization that enhance operational efficiency and reduce downtime. In mining, IoT improves safety and asset tracking, while in agriculture it aids in optimizing water use, crop health monitoring, and machinery automation. These applications are vital against labor shortages and cost pressures, reinforcing IoT's role as a strategic tool for productivity enhancement. The concerted use of IoT-enabled automation solidifies its market growth across these vital industrial verticals.

Market Segmentation
Component Insights:
• Hardware
• Software
• Services
• Connectivity
Application Insights:
• Smart Home
• Smart Wearables
• Smart Cities
• Smart Grid
• IoT Industrial Internet
• IoT Connected Cars
• IoT Connected Healthcare
• Others
Vertical Insights:
• Healthcare
• Energy
• Public and Services
• Transportation
• Retail
• Individuals
• Others
Regional Insights:
• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent Developement & News
• June 2025: M2M One launched M2M One Satellite Airtime, a new satellite IoT service for remote industries in Australia and New Zealand, integrating data plans with hardware specifically for mining and agriculture sectors. Byron Thanoupoulos was appointed Director of Product Management to lead this initiative, enhancing connectivity for critical remote operations.
• May 2025: Sateliot entered the Australian market securing contracts to connect over 300,000 IoT devices and generating over 15 million AUD in recurring revenue. With regulatory approvals completed, it plans commercial rollout of affordable 5G satellite connectivity by late 2025 to extend IoT services in underserved remote regions.
• March 2025: Myriota launched the Myriota HyperPulse satellite NB-IoT service in collaboration with Viasat, boosting connectivity solutions. Concurrently, Sateliot secured €70 million in Series B funding to develop a satellite constellation dedicated to IoT connectivity, aiming to meet increasing demand for remote monitoring applications.

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