Press release
Enterprise IoT Market to Reach $774.54 M by 2031, Driven by Private 5G Adoption, Edge Analytics, and Connected Enterprise Operations
Enterprise IoT Market
Enterprise IoT Market Outlook
According to Mordor Intelligence, the enterprise IoT market size [https://www.mordorintelligence.com/industry-reports/enterprise-iot-market?utm_source=abnewswire] is estimated at USD 403.69 million in 2026 and is expected to reach USD 774.54 million by 2031, registering a CAGR of 13.92% during the forecast period.
The growing use of connected devices, wider deployment of private wireless networks, and increasing demand for real-time monitoring are contributing to enterprise IoT market growth. Businesses are also investing in edge analytics platforms and connected infrastructure to improve efficiency, reduce downtime, and support sustainability objectives.
The expanding availability of low-power connectivity options, improved device-to-cloud integration, and lower sensor deployment costs are supporting broader adoption. These factors continue to strengthen the overall enterprise IoT market forecast and encourage enterprises to explore new connected use cases.
Enterprise IoT Market Growth Drivers
Growing Use of Predictive Maintenance
Many organizations are deploying enterprise IoT solutions to monitor equipment performance and identify maintenance requirements before failures occur. This approach helps reduce unexpected downtime, improve asset utilization, and support business continuity. Manufacturing facilities, utilities, and transportation operators are among the leading adopters of predictive maintenance applications.
Expansion of Private Wireless Networks
Private wireless connectivity is becoming an important component of enterprise IoT deployments. Businesses are adopting dedicated network environments to support connected devices, industrial automation systems, and mission-critical operations. Reliable connectivity is enabling organizations to manage larger device ecosystems while maintaining operational performance.
Rising Demand for Edge Analytics
Enterprises are increasingly processing data closer to the source through edge computing environments. This approach reduces latency, supports faster decision-making, and improves responsiveness in operational settings. Edge analytics is becoming an important part of the enterprise IoT market as organizations seek immediate insights from connected assets.
Focus on Energy Monitoring and Sustainability
Organizations are using enterprise IoT platforms to monitor energy consumption, optimize resource utilization, and improve environmental performance. Connected sensors and monitoring systems help enterprises track usage patterns and support sustainability initiatives across facilities and operations.
Increasing Device-to-Cloud Integration
Standardized communication frameworks are making it easier for organizations to connect devices, platforms, and applications. Improved interoperability is helping businesses expand deployments and simplify the management of connected environments.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/enterprise-iot-market?utm_source=abnewswire
Enterprise IoT Market Segmentation
By Offering
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Hardware
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Sensors
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Actuators
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Edge Devices/Gateways
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Networking Equipment (Routers, Switches)
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Other Hardware Devices
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Solutions
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Services
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Professional Services
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Managed Services
By Enterprise Size
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Large Enterprises
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Small and Medium Enterprises
By Connectivity
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Wired
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Wireless
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Cellular
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Wi-Fi
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Bluetooth/BLE
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Zigbee
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LoRaWAN
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NB-IoT
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Satellite Communication
By Industry Vertical
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Manufacturing
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Energy and Utilities
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Transportation and Logistics
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Retail
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Healthcare
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Agriculture
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Hospitality
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Government
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Other Verticals
By Geography
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North America
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United States
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Canada
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Mexico
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South America
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Brazil
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Argentina
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Rest of South America
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Europe
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Germany
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United Kingdom
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France
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Italy
*
Spain
*
Rest of Europe
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Asia-Pacific
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China
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Japan
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South Korea
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India
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Australia
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Rest of Asia-Pacific
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Middle East
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United Arab Emirates
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Saudi Arabia
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Turkey
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Rest of Middle East
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Africa
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South Africa
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Nigeria
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Rest of Africa
Explore Our Full Library of Technology, Media and Telecom Research: https://www.mordorintelligence.com/market-analysis/technology-media-and-telecom?utm_source=abnewswire
Enterprise IoT Market Key Players
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Microsoft Corporation
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Samsung Electronics Co., Ltd.
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Siemens AG
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Cisco Systems, Inc.
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Qualcomm Incorporated
Explore more insights on enterprise IoT market competitive landscape https://www.mordorintelligence.com/industry-reports/enterprise-iot-market/companies?utm_source=abnewswir
Conclusion
The outlook for the enterprise IoT market remains encouraging as organizations continue investing in connected technologies to improve operational performance and visibility. Growing adoption across manufacturing, logistics, energy, healthcare, retail, and government sectors is creating sustained demand for enterprise IoT solutions.
Key factors supporting enterprise IoT market growth include increased use of predictive maintenance, broader deployment of private wireless networks, stronger adoption of edge analytics, and expanding device connectivity across enterprise environments. At the same time, lower deployment costs and improved interoperability are helping organizations implement connected solutions more effectively.
Industry Related Reports:
Smart Tracker Market
The smart tracker market is projected to grow from USD 0.72 billion in 2025 to USD 0.81 billion in 2026 and reach USD 1.27 billion by 2031, registering a CAGR of 9.41% during 2026-2031. Market growth is driven by increasing adoption of IoT-enabled tracking devices, rising demand for asset and logistics monitoring, and expanding use of wearable and personal tracking technologies across industries.
Get more insights: https://www.mordorintelligence.com/industry-reports/smart-tracker-market?utm_source=abnewswire
Digital Transformation in Manufacturing Market Size
The digital transformation in manufacturing market is expected to grow from USD 426.68 billion in 2025 to USD 439.56 billion in 2026 and reach USD 499.43 billion by 2031, at a CAGR of 2.59% over 2026-2031. Growth is supported by increasing adoption of Industry 4.0 technologies, integration of automation and smart factories, and rising investments in data-driven manufacturing processes.
Get more insights: https://www.mordorintelligence.com/industry-reports/digital-transformation-market-in-manufacturing?utm_source=abnewswire
Cloud AI Market Share
The cloud AI market is projected to expand from USD 89.43 billion in 2025 to USD 114.26 billion in 2026 and reach USD 269.02 billion by 2031, growing at a CAGR of 18.68% during 2026-2031. The market is fueled by increasing enterprise adoption of cloud-based AI services, growing demand for scalable AI infrastructure, and rising investments in machine learning and advanced analytics solutions.
Get more insights: https://www.mordorintelligence.com/industry-reports/cloud-ai-market?utm_source=abnewswire
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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