Australia Internet of Things (IoT) Market Projected to Reach USD 92.6 Billion by 2033

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

For more details visit the Australia Internet of Things (IoT) Market
https://www.imarcgroup.com/australia-internet-of-things-market

How AI is Reshaping the Future of Australia Internet of Things (IoT) Market
• AI-powered analytics enhance IoT device capabilities, enabling real-time data processing critical in healthcare and manufacturing sectors.
• Government digital transformation policies promote AI integration for smarter automation and data-driven operations across industries.
• Satellite IoT services launched by companies like M2M One and Sateliot are leveraging AI for improved remote connectivity, expanding IoT reach into mining and agriculture.
• AI-enabled IoT security platforms, as introduced by Secolve with Asimily, protect against vulnerabilities and threats, securing device networks nationally.
• The integration of AI with 5G technology supports the deployment of connected and autonomous vehicles, improving transportation efficiency.
• AI and IoT combined facilitate smart city initiatives optimizing energy consumption and urban infrastructure management in key cities like Sydney and Melbourne.

Grab a sample PDF of this report: https://www.imarcgroup.com/australia-internet-of-things-market/requestsample

Australia Internet of Things (IoT) Market Growth Factors
Australian IoT market growth should result from smart city initiatives. Australia's major cities like Sydney, Melbourne, and Brisbane are investing in IoT solutions. These solutions monitor energy use, waste, transportation, and public safety. IoT sensors embedded within the urban infrastructure inform governments. Governments then decide with data. Governments invest to solve urban challenges. These include sustaining, efficiently using resources, and accommodating population growth. Such strong public and private support is driving the acceleration of IoT solutions and creating meaningful market demand.

5G technology can give the Internet of Things devices higher data rates, lower latency, higher capacity and improved performance. Such connectivity can allow for real-time remote patient monitoring, which can help to contain costs and improve patient outcomes by providing more accurate and timely data on patient conditions. Connected and autonomous vehicles are also eased by 5G, creating new opportunities for IoT in a sector poised for strong growth with improving and costly infrastructure.

Industrial automation makes industries in Australia manufacture, mine, and farm because of IoT adoption. IoT sensors allow predictive maintenance, asset and fleet tracking, and greater operational efficiency within these sectors. Other applications include improving safety in the mining industry, and the agriculture sector, for monitoring crop health and optimizing water usage. These trends would improve productivity along with reducing operating costs and reducing the impact of a long-term workforce shortage, allowing digital transformation of key industrial verticals of the future in the country and contributing towards market growth.

Australia Internet of Things (IoT) 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

Key Players
• M2M One
• Sateliot
• Myriota
• Secolve
• Asimily
• Itron, Inc.

Recent Development & News
• June 2025: M2M One launched its M2M One Satellite Airtime service, integrating data plans and hardware to provide IoT connectivity for remote Australian and New Zealand industries like mining and agriculture. Byron Thanoupoulos was appointed Director of Product Management to oversee this initiative.
• May 2025: Sateliot entered the Australian market securing contracts for over 300,000 IoT devices, generating over 15 million AUD in recurring revenue. The company aims to offer affordable 5G satellite IoT connectivity in remote areas with commercial rollout planned for late 2025.
• April 2024: Sydney-based Secolve signed a distribution deal to bring Asimily's IoT risk management platform to Australia. The platform enhances IoT security with device visibility, vulnerability mitigation, and threat detection features, assisting organizations to stay ahead of emerging risks.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
https://www.imarcgroup.com/request?type=report&id=24660&flag=F

Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302

About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.