IoT annual revenue 2019-2030, by region

Published by
Lionel Sujay Vailshery,
Aug 12, 2022
By 2030, China is anticipated to dominate the Internet of Things (IoT) market with 328.2 billion U.S. dollars in revenue, approximately a third of the whole market. North America and Europe are forecast to follow relatively closely behind in regional revenue, respectively.

Internet of Things (IoT) annual revenue from 2019 to 2030, by region (in billion U.S. dollars)

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In cooperation with
Transforma Insights
Release date

December 2020

Region

Worldwide

Survey time period

2019 to 2020

Supplementary notes

*Forecast
Revenue is defined as annual spend by end customers on IoT hardware, connectivity, and services. IoT connections are defined as connections to remote sensing and actual devices. This includes associated aggregation devices such as hub devices.

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