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    Connected IoT Devices Market Share

    ID: MRFR/SEM/3350-HCR
    100 Pages
    Shubham Munde
    October 2025

    Connected IoT Devices Market Research Report Information by Component (Solution, Service), Deployment (Private, Public), by Application (Smart Homes, Smart Manufacturing, Smart Utilities, Smart Retail, Connected Health, and Connected Logistics) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Industry Forecast Till 2035

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    Connected IoT Devices Market Infographic
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    Market Share

    Connected IoT Devices Market Share Analysis

    To obtain a competitive advantage in the highly competitive Connected IoT Devices Market, organizations utilize diverse market share positioning tactics. Differentiation is a common approach used by businesses to set their IoT devices apart from those of rivals by the provision of special features, enhanced functionality, or greater performance. This strategy helps businesses to command higher rates and draws in customers who are searching for cutting-edge solutions. For more intelligent personalized customer experiences, a business can concentrate on creating Internet of Things devices with state-of-the-art sensors or incorporating artificial intelligence. Forming strategic alliances and working together is another important tactic. Forming partnerships with other businesses, be they software developers, IT behemoths, or industry-specific partners, can greatly improve market placement in the connected world of the Internet of Things. By building extensive ecosystems, businesses may offer end-to-end solutions that seamlessly integrate a variety of platforms and devices. These strategic alliances solve a major issue in the IoT market by broadening the services provided and promoting interoperability. Through reaching more consumers, businesses frequently use market penetration to increase their market share. To make IoT devices more widely available, pricing and product positioning strategies are needed. Lowering entry barriers by offering reasonable prices or releasing device versions with less functionality might draw in a larger consumer base, particularly in regions where costs are a factor. This entails addressing issues, tailoring products to local tastes, and forming alliances with nearby companies. This tactic gives businesses a competitive edge in areas where IoT adoption is increasing by positioning them as early adopters in developing markets. One of the main pillars of competitive positioning for connected IoT devices is ongoing innovation. Companies must make research and development investments in order to stay ahead of the rapidly changing technology landscape and to anticipate and address changing consumer needs. Maintaining a competitive edge and winning back customers requires releasing new features on a regular basis, enhancing device performance, and following industry developments. An approach to productive market share positioning is expanding markets into emerging regions. Businesses strategically increase their presence in developing regions to take advantage of the unexplored markets there and increase their revenue.

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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    FAQs

    How much is the Connected IoT Devices market?

    The Connected IoT Devices Market size was valued at USD 11.96 billion in 2024.

    What is the growth rate of the Connected IoT Devices market?

    The global market is projected to grow at a CAGR of 16.17% during the forecast period, 2025 to 2035.

    Which region held the largest market share in the Connected IoT Devices market?

    North America had the largest share in the global market

    Who are the key players in the Connected IoT Devices market?

    The key players in the market are Oracle Corporation (US), PTC Incorporation (US), Smith Micro Software, Inc. (US), Telit Communications PLC (Italy), Wind River Systems (US), Xively (US), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (US), Nokia Solutions Network (Finland), LG Corporation (South Korea), Hewlett-Packard (US), HTC Corporation (Taiwan), Apple Inc. (US), and Dell Inc. (US), among others.

    Which Component led the Connected IoT Devices market?

    The solution category dominated the market in 2022.

    Which Deployment had the largest market share in the Connected IoT Devices market?

    The Public had the largest share in the global market.

    Market Summary

    As per MRFR analysis, the Connected IoT Devices Market Size was estimated at 11.96 USD Billion in 2024. The Connected IoT Devices industry is projected to grow from 13.89 USD Billion in 2025 to 62.21 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 16.17 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Connected IoT Devices Market is experiencing robust growth driven by technological advancements and increasing consumer demand.

    • North America remains the largest market for connected IoT devices, showcasing a strong adoption rate across various sectors.
    • Asia-Pacific is emerging as the fastest-growing region, propelled by rapid urbanization and technological innovation.
    • The solution segment dominates the market, while the service segment is witnessing the fastest growth due to increasing demand for managed services.
    • Rising demand for smart devices and advancements in connectivity technologies are key drivers fueling market expansion.

    Market Size & Forecast

    2024 Market Size 11.96 (USD Billion)
    2035 Market Size 62.21 (USD Billion)
    CAGR (2025 - 2035) 16.17%
    Largest Regional Market Share in 2024 North America

    Major Players

    <p>Amazon (US), Google (US), Microsoft (US), IBM (US), Cisco (US), Samsung (KR), Siemens (DE), Intel (US), Qualcomm (US), Honeywell (US)</p>

    Market Trends

    The Connected IoT Devices Market is currently experiencing a transformative phase, characterized by rapid advancements in technology and increasing consumer demand for smart solutions. This market encompasses a wide array of devices that communicate and exchange data over the internet, enhancing efficiency and convenience across various sectors. As industries adopt these technologies, the integration of artificial intelligence and machine learning into IoT devices appears to be a driving force, enabling smarter decision-making and automation. Furthermore, the growing emphasis on sustainability and energy efficiency is likely to shape product development, as manufacturers strive to create eco-friendly solutions that meet regulatory standards and consumer expectations. In addition, the proliferation of smart home devices and wearables indicates a shift in consumer behavior towards interconnected living. This trend suggests that individuals are increasingly seeking seamless integration of technology into their daily lives, which may lead to a surge in demand for innovative IoT applications. As the Connected IoT Devices Market evolves, it seems poised to play a crucial role in shaping the future of connectivity, with potential implications for privacy, security, and data management. Stakeholders must remain vigilant in addressing these challenges while capitalizing on the opportunities presented by this dynamic landscape.

    Integration of AI and Machine Learning

    The incorporation of artificial intelligence and machine learning into connected devices is becoming more prevalent. This trend enhances the functionality of IoT devices, allowing for predictive analytics and improved user experiences. As these technologies evolve, they may lead to more autonomous systems that can learn from user behavior.

    Focus on Sustainability

    There is a growing emphasis on sustainability within the Connected IoT Devices Market. Manufacturers are increasingly developing eco-friendly products that minimize energy consumption and reduce waste. This trend reflects a broader societal shift towards environmental responsibility and may influence consumer purchasing decisions.

    Expansion of Smart Home Solutions

    The rise of smart home technology is reshaping consumer expectations and preferences. Connected devices that facilitate home automation, security, and energy management are gaining traction. This trend indicates a shift towards more integrated living environments, where convenience and efficiency are paramount.

    The proliferation of connected IoT devices is reshaping industries by enhancing operational efficiency and fostering innovative solutions across various sectors.

    U.S. Department of Commerce

    Connected IoT Devices Market Market Drivers

    Emergence of Smart Cities

    The Connected IoT Devices Market is significantly impacted by the emergence of smart cities. Urban areas are increasingly adopting IoT technologies to enhance infrastructure, improve public services, and promote sustainability. Initiatives such as smart traffic management, waste management, and energy-efficient buildings are gaining traction. It is estimated that investments in smart city technologies could exceed 1 trillion USD by 2025. This trend not only fosters economic growth but also enhances the quality of life for residents. As cities evolve into smart ecosystems, the Connected IoT Devices Market is likely to experience accelerated growth driven by these initiatives.

    Growing Adoption in Healthcare

    The Connected IoT Devices Market is witnessing a transformative shift in the healthcare sector. The integration of IoT devices in medical applications, such as remote patient monitoring and telehealth, is becoming increasingly prevalent. This trend is driven by the need for improved patient outcomes and operational efficiencies. The healthcare IoT market is expected to reach approximately 100 billion USD by 2025, reflecting a substantial increase in the adoption of connected devices. As healthcare providers recognize the benefits of real-time data access and analytics, the Connected IoT Devices Market is poised for significant growth in this domain.

    Rising Demand for Smart Devices

    The Connected IoT Devices Market experiences a notable surge in demand for smart devices across various sectors. As consumers increasingly seek convenience and efficiency, the adoption of smart home devices, wearables, and industrial IoT solutions has escalated. Reports indicate that the market for smart home devices alone is projected to reach approximately 135 billion USD by 2025. This growing inclination towards interconnected devices is driven by the desire for enhanced user experiences and improved operational efficiencies. Consequently, manufacturers are compelled to innovate and expand their product offerings, thereby propelling the Connected IoT Devices Market forward.

    Increased Focus on Data Security

    In the Connected IoT Devices Market, the emphasis on data security has become paramount. As the number of connected devices rises, so does the potential for cyber threats and data breaches. Organizations are increasingly investing in robust security measures to protect sensitive information and maintain consumer trust. The market for IoT security solutions is projected to grow significantly, with estimates suggesting it could reach 35 billion USD by 2025. This heightened focus on security is likely to drive innovation in the Connected IoT Devices Market, as companies strive to develop secure and reliable devices that meet regulatory standards.

    Advancements in Connectivity Technologies

    The Connected IoT Devices Market is significantly influenced by advancements in connectivity technologies. The proliferation of 5G networks is expected to enhance the performance and reliability of IoT devices, facilitating real-time data transmission and communication. This technological evolution is likely to enable a broader range of applications, from smart cities to autonomous vehicles. As connectivity improves, the number of connected devices is anticipated to reach 75 billion by 2025, indicating a robust growth trajectory for the Connected IoT Devices Market. Such advancements not only enhance user experiences but also create new opportunities for businesses to leverage IoT solutions.

    Market Segment Insights

    By Component: Solution (Largest) vs. Service (Fastest-Growing)

    <p>In the Connected IoT Devices Market, the component segment is primarily divided into solutions and services. Solutions account for a substantial share of the market, driven by the demand for integrated technologies that facilitate seamless connectivity and interoperability among devices. This segment includes software systems, hardware components, and other technological solutions that form the backbone of IoT ecosystems. Conversely, services are on the rise as companies increasingly recognize the value of managed services, maintenance, and support in maximizing the functionality of their IoT deployments.</p>

    <p>Component: Solution (Dominant) vs. Service (Emerging)</p>

    <p>The solution segment is characterized by its established presence, providing essential technologies that enable IoT devices to function efficiently. This includes platforms for data analytics, cloud services, and device management systems. Solutions are critical for ensuring device connectivity and data exchange. On the other hand, the service segment is rapidly emerging, emphasizing the importance of installation, customer support, and ongoing maintenance options that enhance the user experience. As businesses adopt more complex IoT systems, the need for reliable service offerings is growing, enabling them to effectively leverage their investments in IoT technology.</p>

    By Deployment: Private (Largest) vs. Public (Fastest-Growing)

    <p>In the Connected IoT Devices Market, the deployment segment is currently dominated by private networks, which constitute a significant portion of the total market share. Many enterprises leverage private deployments to enhance security, control, and reliability, especially in environments where data sensitivity is paramount. Conversely, public deployments are quickly gaining traction, with numerous companies and service providers capitalizing on the scalability and lower costs associated with cloud-based solutions.</p>

    <p>Deployment: Private (Dominant) vs. Public (Emerging)</p>

    <p>Private deployments play a crucial role in the Connected IoT Devices Market, as they offer organizations tailored solutions that meet specific regulatory and operational requirements. These networks provide enhanced performance and security, making them ideal for sectors like healthcare, finance, and manufacturing. On the other hand, public deployments are characterized by their flexibility and cost-effectiveness, allowing businesses to access a wider array of resources and services without heavy investments. As public deployments continue to expand, they are attracting a diverse set of industries, highlighting a shift towards more interconnected and adaptable IoT ecosystems.</p>

    By Application: Smart Homes (Largest) vs. Connected Health (Fastest-Growing)

    <p>The Connected IoT Devices Market is significantly shaped by diverse application segments, with Smart Homes holding the largest share due to increasing consumer demand for automation and convenience in daily living. As more homeowners opt for interconnected devices, the Smart Homes segment is set to expand beyond traditional uses to include more advanced technologies like energy management, security, and health monitoring systems. Connected Health follows as a rapidly growing segment, driven by the rising emphasis on remote patient monitoring and telehealth solutions, particularly in the wake of increased health awareness and the need for efficient health management solutions. Growth trends in the Connected IoT Devices Market reveal a clear trajectory towards enhanced connectivity and intelligence in various applications. Smart Manufacturing is increasingly leveraging IoT solutions for operational efficiency and predictive maintenance, while Smart Utilities are pushing for sustainable energy management through smart grids. Moreover, Connected Logistics is enhancing supply chain management, indicating a burgeoning interest in data-driven decision-making. Consumer preferences and technological advancements are key drivers that will likely propel these segments forward, creating a robust ecosystem around connected devices in various applications.</p>

    <p>Smart Homes (Dominant) vs. Smart Retail (Emerging)</p>

    <p>The Smart Homes segment stands as a dominant force within the Connected IoT Devices Market, characterized by a rapid adoption of devices like smart thermostats, lighting, and security systems. This surge is fueled by the pursuit of convenience and energy efficiency among consumers. By contrast, the Smart Retail segment is emerging, with retailers embracing IoT technologies to enhance customer experience and optimize operations. Innovations such as smart shelves, connected payment systems, and inventory management solutions are transforming retail environments. As IoT integration continues, Smart Homes are expected to maintain a significant market position, while Smart Retail is projected to evolve quickly, providing personalized shopping experiences and operational efficiencies.</p>

    Get more detailed insights about Connected IoT Devices Market Research Report - Global Forecast to 2032

    Regional Insights

    North America : Innovation and Market Leadership

    North America is the largest market for connected IoT devices, holding approximately 40% of the global market share. The region's growth is driven by rapid technological advancements, increasing adoption of smart home devices, and supportive government regulations promoting IoT innovation. The demand for IoT solutions in sectors like healthcare, manufacturing, and smart cities is also on the rise, further propelling market growth. The United States leads the North American market, with significant contributions from Canada. Major players such as Amazon, Google, and Microsoft are headquartered here, fostering a competitive landscape. The presence of robust infrastructure and investment in R&D enhances the region's position as a hub for IoT development, ensuring continuous innovation and market expansion.

    Europe : Regulatory Support and Growth

    Europe is the second-largest market for connected IoT devices, accounting for around 30% of the global market share. The region benefits from stringent regulations that promote data security and privacy, driving demand for secure IoT solutions. The European Union's initiatives to enhance digital infrastructure and sustainability are also key growth drivers, encouraging investments in IoT technologies across various sectors. Leading countries in Europe include Germany, the UK, and France, with significant contributions from companies like Siemens and Bosch. The competitive landscape is characterized by a mix of established firms and innovative startups, fostering a dynamic environment for IoT development. The region's focus on smart cities and industrial IoT applications further enhances its market potential.

    Asia-Pacific : Rapid Growth and Adoption

    Asia-Pacific is witnessing rapid growth in the connected IoT devices market, holding approximately 25% of the global market share. The region's growth is fueled by increasing urbanization, rising disposable incomes, and a growing demand for smart devices. Government initiatives aimed at digital transformation and smart city projects are also significant catalysts for market expansion, particularly in countries like China and India. China is the largest market in the region, followed by Japan and India. The competitive landscape is marked by the presence of both global giants and local players, such as Samsung and Huawei. The region's focus on manufacturing and technology innovation positions it as a critical player in the global IoT ecosystem, driving advancements in connectivity and device integration.

    Middle East and Africa : Emerging Opportunities and Challenges

    The Middle East and Africa region is gradually emerging in the connected IoT devices market, holding about 5% of the global market share. Growth is driven by increasing investments in smart infrastructure and a rising demand for IoT solutions in sectors like healthcare and agriculture. However, challenges such as limited connectivity and regulatory hurdles can impede faster adoption, necessitating targeted government initiatives to foster growth. Leading countries in this region include the UAE and South Africa, where significant investments in technology and innovation are being made. The competitive landscape is evolving, with both local and international players vying for market share. The region's unique challenges present opportunities for innovative solutions tailored to local needs, enhancing the overall market potential.

    Key Players and Competitive Insights

    The Connected IoT Devices Market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for smart solutions across various sectors. Major players such as Amazon (US), Google (US), and Microsoft (US) are at the forefront, leveraging their extensive resources and innovative capabilities to enhance their market positions. Amazon (US) focuses on expanding its smart home ecosystem, while Google (US) emphasizes AI integration into its IoT offerings. Microsoft (US) is strategically investing in cloud-based IoT solutions, which collectively shape a competitive environment that is increasingly reliant on technological innovation and strategic partnerships.

    Key business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with a mix of established players and emerging startups. This structure allows for a diverse range of solutions, although the influence of key players remains substantial, as they set industry standards and drive technological advancements.

    In August 2025, Amazon (US) announced the launch of its new IoT platform, designed to integrate seamlessly with its existing smart home devices. This strategic move is significant as it not only strengthens Amazon's position in the smart home market but also enhances its competitive edge by offering a more cohesive user experience. The platform's capabilities in machine learning and data analytics are expected to attract a broader customer base, further solidifying Amazon's market leadership.

    In September 2025, Google (US) unveiled its latest AI-driven IoT device, which aims to optimize energy consumption in smart homes. This initiative reflects Google's commitment to sustainability and energy efficiency, aligning with current consumer preferences for environmentally friendly solutions. The introduction of this device is likely to enhance Google's brand reputation while also positioning it as a leader in the sustainable IoT segment.

    In July 2025, Microsoft (US) expanded its Azure IoT services by integrating advanced security features, addressing growing concerns over data privacy and cybersecurity. This strategic enhancement is crucial as it not only fortifies Microsoft's competitive stance but also responds to increasing regulatory scrutiny in the IoT space. By prioritizing security, Microsoft is likely to attract enterprises seeking reliable and secure IoT solutions, thereby expanding its market share.

    As of October 2025, the competitive trends in the Connected IoT Devices Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing product offerings. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition to a focus on innovation, technological advancements, and supply chain reliability. Companies that can effectively leverage these trends will likely secure a more prominent position in the market.

    Key Companies in the Connected IoT Devices Market market include

    Industry Developments

    April 2024: An industry expert in identity management, fraud prevention, and connected asset services, Somos, Inc., is happy to disclose its collaboration with NetRise, a premier supplier of IoT Software Bill of Materials security analysis. The partnership implies a substantial achievement for SomosID, the company's flagship IoT device registry, as it spearheads efforts to advance transparency and improved security in the IoT device realm. NetRise offers granular visibility into the world's Extended Internet of Things (XIoT) security problem — comprising the modern firmware and software component security challenges of IT, IoT, OT, and other connected cyber-physical systems.

    The SomosID solution offers enterprises a thorough view of their deployed IoT assets, comprising all the device, application identity, and network attributes, as well as verification of certification of those devices. Somos also maintains comprehensive hardware and software bill of materials information to offer customers a current state of all of their assets. The capability effortlessly incorporates NetRise's IoT device software analysis, including software bills of materials and vulnerability monitoring. It provides a thorough, constant view of an enterprise's IoT security posture and risks across all of its assets.

    SVP & Chief Technology Officer at Somos, Sri Ramachandran, said that Somos is happy to be able to use NetRise's best-in-class firmware analysis capabilities to fulfill the striking rise in cyber-attacks on IoT devices and the latest compliance requirements posed by the global IoT cybersecurity regulations, including the regulations by the Federal Drug Administration (FDA), the Cyber Resilience Act in Europe and Federal Communications Commission (FCC) in the U.S.

    June 2023: The Vietnamese IoT market is projected to acquire worth nearly USD 8.5 billion. To attain that target, the nation should apply IoT to measurement devices and means of transport, as per the experts. One report discovered that there are nearly 13 billion IoT devices across the globe, and the compound annual growth rate (CAGR) is 19 percent per annum. Among all these, 2.7 billion IoT connection devices use SIM with a CAGR of around 12 percent. The majority of the world's IoT device market belongs to China.

    The nation owns more than 10 billion IoT connections, among which 1.84 billion devices use SIM. According to the research, in Vietnam, the IoT market was worth nearly USD 2.5 billion in 2021 and grew by 22.6 percent per year.

    June 2022: OEMs and skid makers may now remotely evaluate the health and condition of their installed base thanks to Connected OEM, a Honeywell Internet of Things (IoT) service. This technology allows for remote monitoring of compressors, furnaces, pumping stations, analyzer houses, and skids at end-user locations.

    April 2022: Samsung established a partnership with IoT service provider ABB in order to increase support for home and commercial devices on SmartThings, the company's smart device hub. By collaborating with other companies, Samsung's SmartThings is evolving into a one-stop shop for controlling connected devices.

    Future Outlook

    Connected IoT Devices Market Future Outlook

    <p>The Connected IoT Devices Market is projected to grow at a 16.17% CAGR from 2024 to 2035, driven by advancements in AI, increased connectivity, and demand for automation.</p>

    New opportunities lie in:

    • <p>Development of smart home energy management systems</p>
    • <p>Integration of IoT in supply chain logistics</p>
    • <p>Expansion of healthcare IoT devices for remote monitoring</p>

    <p>By 2035, the market is expected to be robust, driven by innovation and widespread adoption.</p>

    Market Segmentation

    Connected IoT Devices Market Component Outlook

    • Solution
    • Service

    Connected IoT Devices Market Deployment Outlook

    • Private
    • Public

    Connected IoT Devices Market Application Outlook

    • Smart Homes
    • Smart Manufacturing
    • Smart Utilities
    • Smart Retail
    • Connected Health
    • Connected Logistics

    Report Scope

    MARKET SIZE 202411.96(USD Billion)
    MARKET SIZE 202513.89(USD Billion)
    MARKET SIZE 203562.21(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)16.17% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesIntegration of artificial intelligence enhances functionality and user experience in the Connected IoT Devices Market.
    Key Market DynamicsRising consumer demand for smart home solutions drives innovation and competition in the Connected IoT Devices Market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Shubham Munde
    Research Analyst Level II

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    How much is the Connected IoT Devices market?

    The Connected IoT Devices Market size was valued at USD 11.96 billion in 2024.

    What is the growth rate of the Connected IoT Devices market?

    The global market is projected to grow at a CAGR of 16.17% during the forecast period, 2025 to 2035.

    Which region held the largest market share in the Connected IoT Devices market?

    North America had the largest share in the global market

    Who are the key players in the Connected IoT Devices market?

    The key players in the market are Oracle Corporation (US), PTC Incorporation (US), Smith Micro Software, Inc. (US), Telit Communications PLC (Italy), Wind River Systems (US), Xively (US), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (US), Nokia Solutions Network (Finland), LG Corporation (South Korea), Hewlett-Packard (US), HTC Corporation (Taiwan), Apple Inc. (US), and Dell Inc. (US), among others.

    Which Component led the Connected IoT Devices market?

    The solution category dominated the market in 2022.

    Which Deployment had the largest market share in the Connected IoT Devices market?

    The Public had the largest share in the global market.

    1. Executive Summary
    2. Scope of the Report
      1. 2.1
      2. Market Definition
      3. Scope of the Study
        1. Research Objectives
        2. Assumptions & Limitations
      4. Markets Structure
    3. Market Research
      1. Methodology
      2. Research Process
      3. Secondary Research
      4. Primary
      5. Research
      6. Forecast Model
    4. Market Landscape
      1. Five Forces Analysis
        1. Threat of New Entrants
        2. Bargaining power of buyers
        3. Segment rivalry
      2. 4.1.3
      3. Threat of substitutes
      4. Value Chain/Supply Chain
      5. of Global Connected IoT Devices Market
    5. Industry Overview of Global Connected
      1. IoT Devices Market
      2. Introduction
      3. Growth Drivers
      4. Impact
      5. analysis
      6. Market Challenges
    6. Market Trends
      1. Introduction
      2. Growth Trends
      3. Impact analysis
    7. Global Connected IoT Devices
      1. Market by Component
      2. Introduction
      3. Solution
        1. Market Estimates
        2. Market Estimates & Forecast by Region,
      4. & Forecast, 2024- 2032
      5. Service
        1. Market Estimates & Forecast, 2024- 2032
        2. Market Estimates & Forecast by Region, 2024- 2032
    8. Global Connected
      1. IoT Devices Market by Deployment
      2. Introduction
      3. Private Cloud
        1. Market Estimates & Forecast, 2024- 2032
        2. Market Estimates
      4. & Forecast by Region, 2024- 2032
      5. Public Cloud
        1. Market Estimates
        2. Market Estimates & Forecast by Region,
      6. & Forecast, 2024- 2032
      7. Hybrid Cloud
        1. Market Estimates & Forecast, 2024-
        2. Market Estimates & Forecast by Region, 2024- 2032
    9. Global
      1. Connected IoT Devices Market by Application
      2. Introduction
      3. Smart
        1. Market Estimates & Forecast, 2024- 2032
        2. Market Estimates
      4. Homes
      5. & Forecast by Region, 2024- 2032
      6. Smart Manufacturing
        1. Market
        2. Market Estimates & Forecast
      7. Estimates & Forecast, 2024- 2032
      8. by Region, 2024- 2032
      9. Smart Utilities
        1. Market Estimates &
        2. Market Estimates & Forecast by Region, 2024-
      10. Forecast, 2024- 2032
      11. Smart Retail
        1. Market Estimates & Forecast, 2024- 2032
        2. Market Estimates & Forecast by Region, 2024- 2032
      12. Connected
        1. Market Estimates & Forecast, 2024- 2032
        2. Market
      13. Health
      14. Estimates & Forecast by Region, 2024- 2032
      15. Connected Logistics
        1. Market Estimates & Forecast
      16. 9.3.1
      17. Market Estimates & Forecast, 2024- 2032
      18. by Region, 2024- 2032
      19. Others
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast by Region, 2024- 2032
      20. 10.
      21. Global Connected IoT Devices Market by Region
      22. Introduction
      23. North
        1. Market Estimates & Forecast, 2024- 2032
        2. Market
        3. Market Estimates &
        4. Market Estimates & Forecast by
        5. U.S.
        6. Mexico
        7. Canada
      24. America
      25. Estimates & Forecast by Type, 2024- 2032
      26. Forecast by Deployment, 2024- 2032
      27. Application, 2024- 2032
      28. 10.2.5.4
      29. Market Estimates & Forecast by Application, 2024- 2032
      30. & Forecast by Type, 2024- 2032
      31. by Deployment, 2024- 2032
      32. 10.2.7.3
      33. Market Estimates & Forecast by Deployment, 2024- 2032
      34. & Forecast by Application, 2024- 2032
      35. Europe
        1. Market Estimates
        2. Market Estimates & Forecast by Type,
        3. Market Estimates & Forecast by Deployment, 2024- 2032
        4. Market Estimates & Forecast by Application, 2024- 2032
        5. France
        6. Spain
        7. UK
      36. & Forecast, 2024- 2032
      37. 10.3.5
      38. Germany
      39. 10.3.5.2
      40. Market Estimates & Forecast by Type, 2024- 2032
      41. & Forecast by Deployment, 2024- 2032
      42. by Application, 2024- 2032
      43. Forecast, 2024- 2032
      44. 10.3.7
      45. Italy
      46. Estimates & Forecast by Type, 2024- 2032
      47. Forecast by Deployment, 2024- 2032
      48. by Application, 2024- 2032
      49. Forecast, 2024- 2032
      50. 10.3.8.4
      51. Market Estimates & Forecast by Application, 2024- 2032
      52. 10.3.9.1
      53. Market Estimates & Forecast, 2024- 2032
      54. Forecast by Type, 2024- 2032
      55. Asia Pacific
        1. Market Estimates & Forecast, 2024- 2032
        2. Market Estimates & Forecast by Type, 2024- 2032
        3. Market
        4. Market Estimates
        5. China
        6. India
        7. Japan
      56. Estimates & Forecast by Deployment, 2024- 2032
      57. & Forecast by Application, 2024- 2032
      58. Estimates & Forecast, 2024- 2032
      59. by Type, 2024- 2032
      60. 10.4.6.2
      61. Market Estimates & Forecast by Type, 2024- 2032
      62. & Forecast by Deployment, 2024- 2032
      63. by Application, 2024- 2032
      64. Forecast, 2024- 2032
      65. 10.4.8
      66. Rest of Asia Pacific
      67. Estimates & Forecast by Deployment, 2024- 2032
      68. & Forecast by Application, 2024- 2032
      69. Rest of the World
        1. Market Estimates & Forecast
        2. Market Estimates & Forecast by Deployment, 2024-
        3. Market Estimates & Forecast by Application, 2024- 2032
        4. Latin America
      70. 10.5.1
      71. Market Estimates & Forecast, 2024- 2032
      72. by Type, 2024- 2032
      73. 10.5.5
      74. Middle East & Africa
      75. Estimates & Forecast by Deployment, 2024- 2032
      76. & Forecast by Application, 2024- 2032
      77. 10.5.6.1
      78. Market Estimates & Forecast, 2024- 2032
      79. Forecast by Type, 2024- 2032
    10. Company Landscape
    11. Company Profiles
      1. Advantech Co., Ltd.
        1. Company Overview
        2. Product/Business Segment Overview
        3. Key Developments
      2. 12.1.3
      3. Financial Updates
      4. Aeris Communication, Inc.
        1. Company Overview
        2. Product/Business Segment Overview
        3. Key Developments
      5. 12.2.3
      6. Financial Updates
      7. Amplia Soluciones
        1. Product/Business Segment Overview
        2. Financial
        3. Key Developments
      8. 12.3.1
      9. Company Overview
      10. Updates
      11. Cumulocity GmbH
        1. Company
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      12. Overview
      13. International Business Machines Corporation
        1. Company Overview
        2. Product/Business Segment Overview
        3. Key Developments
      14. 12.5.3
      15. Financial Updates
      16. Microsoft Corporation
        1. Company Overview
        2. Product/Business Segment Overview
        3. Key Developments
      17. 12.6.3
      18. Financial Updates
      19. Oracle Corporation
        1. Product/Business Segment Overview
        2. Financial
        3. Key Developments
      20. 12.7.1
      21. Company Overview
      22. Updates
      23. PTC Incorporation
        1. Company
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      24. Overview
      25. Smith Micro Software, Inc.
        1. Company
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      26. Overview
      27. Telit Communications PLC
        1. Company
        2. Product/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      28. Overview
      29. Wind River Systems
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
      30. 12.11.4
      31. Key Developments
      32. Xively
        1. Company Overview
        2. Product/Business
        3. Financial Updates
        4. Key Developments
      33. Segment Overview
      34. Samsung Electronics Co. Ltd.
        1. Company Overview
        2. Financial Updates
        3. Key
      35. 12.13.2
      36. Product/Business Segment Overview
      37. Developments
      38. Motorola, Inc.
        1. Company Overview
        2. Financial Updates
        3. Key
      39. 12.14.2
      40. Product/Business Segment Overview
      41. Developments
      42. Nokia Solutions Network
        1. Company Overview
        2. Product/Business Segment Overview
        3. Financial Updates
      43. 12.15.4
      44. Key Developments
      45. LG Corporation
        1. Company Overview
        2. Financial Updates
        3. Key
      46. 12.16.2
      47. Product/Business Segment Overview
      48. Developments
      49. Hewlett-Packard
        1. Company Overview
        2. Financial Updates
        3. Key
      50. 12.17.2
      51. Product/Business Segment Overview
      52. Developments
      53. HTC Corporation
        1. Company Overview
        2. Financial Updates
        3. Key
      54. 12.18.2
      55. Product/Business Segment Overview
      56. Developments
      57. Apple, Inc.
        1. Company Overview
        2. Product/Business
        3. Financial Updates
        4. Key Developments
      58. Segment Overview
      59. Dell, Inc.
        1. Company Overview
        2. Product/Business Segment
        3. Financial Updates
        4. Key Developments
      60. Overview
    12. Conclusion
    13. LIST OF TABLES
    14. Global Connected IoT Devices Market: By Region, 2024-
    15. North America Connected IoT Devices Market: By Country, 2024-
    16. Europe Connected IoT Devices Market: By Country, 2024- 2032
    17. Asia-Pacific Connected IoT Devices Market: By Country, 2024- 2032
      1. Table
    18. Middle East & Africa Connected IoT Devices Market: By Country, 2024- 2032
    19. Latin America Connected IoT Devices Market: By Country, 2024- 2032
    20. Global Connected IoT Devices by Type Market: By Regions, 2024- 2032
    21. North America Connected IoT Devices by Type Market: By Country, 2024-
    22. Europe Connected IoT Devices by Type Market: By Country, 2024-
      1. Table10 Asia-Pacific Connected IoT Devices by Type Market: By Country,
      2. Table11 Middle East & Africa Connected IoT Devices by Type Market:
      3. By Country, 2024- 2032
      4. Table12 Latin America Connected IoT Devices by Type
      5. Market: By Country, 2024- 2032
      6. Table13 Global Connected IoT Devices by Application
      7. Market: By Regions, 2024- 2032
      8. Table14 North America Connected IoT Devices
      9. by Application Market: By Country, 2024- 2032
      10. Table15 Europe Connected IoT
      11. Devices by Application Market: By Country, 2024- 2032
      12. Table16 Asia-Pacific
      13. Connected IoT Devices by Application Market: By Country, 2024- 2032
      14. Table17
      15. Middle East & Africa Connected IoT Devices by Application Market: By Country,
      16. Table18 Latin America Connected IoT Devices by Application Market:
      17. By Country, 2024- 2032
      18. Table19 North America Connected IoT Devices for Form
      19. Market: By Country, 2024- 2032
      20. Table20 Europe Connected IoT Devices for Form
      21. Market: By Country, 2024- 2032
      22. Table21 Asia-Pacific Connected IoT Devices for
      23. Form Market: By Country, 2024- 2032
      24. Table22 Middle East & Africa Connected
      25. IoT Devices for Form Market: By Country, 2024- 2032
      26. Table23 Latin America Connected
      27. IoT Devices for Form Market: By Country, 2024- 2032
      28. Table24 Global Type Market:
      29. By Region, 2024- 2032
      30. Table25 Global Form Market: By Region, 2024- 2032
      31. Table26 Global Form Market: By Region, 2024- 2032
      32. Table27 North America Connected
    23. IoT Devices Market, By Country
      1. Table28 North America Connected IoT Devices
    24. Market, By Type
    25. Table29 North America Connected IoT Devices Market, By Deployment
    26. Table30 North America Connected IoT Devices Market, By Application
      1. Table31
    27. Europe: Connected IoT Devices Market, By Country
      1. Table32 Europe: Connected
    28. IoT Devices Market, By Type
      1. Table33 Europe: Connected IoT Devices Market, By
      2. Deployment
    29. Europe: Connected IoT Devices Market, By Application
    30. Table35 Asia-Pacific: Connected IoT Devices Market, By Country
      1. Table36 Asia-Pacific:
    31. Connected IoT Devices Market, By Type
      1. Table37 Asia-Pacific: Connected IoT Devices
    32. Market, By Deployment
    33. Asia-Pacific: Connected IoT Devices Market,
      1. By Application
      2. Table39 Middle East & Africa: Connected IoT Devices Market,
      3. By Country
      4. Table40 Middle East & Africa Connected IoT Devices Market, By
      5. Type
    34. Table41 Middle East & Africa Connected IoT Devices Market, By Deployment
    35. Table42 Middle East & Africa: Connected IoT Devices Market, By Application
    36. Table43 Latin America: Connected IoT Devices Market, By Country
      1. Table44 Latin
    37. America Connected IoT Devices Market, By Type
      1. Table45 Latin America Connected
    38. IoT Devices Market, By Deployment
      1. Table46 Latin America: Connected IoT Devices
    39. Market, By Application
    40. LIST OF FIGURES
    41. Global Connected IoT Devices
      1. market segmentation
    42. Forecast Methodology
    43. Five Forces
      1. Analysis of Global Connected IoT Devices Market
    44. Value Chain of Global
      1. Connected IoT Devices Market
    45. Share of Global Connected IoT Devices
    46. Market in 2023, by country (in %)
    47. Global Connected IoT Devices Market,
    48. Sub segments of Type
    49. Global Connected IoT
      1. Devices Market size by Type, 2023
    50. Share of Global Connected IoT Devices
      1. Market by Type, 2024 TO 2032
    51. Global Connected IoT Devices Market
      1. size by Deployment, 2023
    52. Share of Global Connected IoT Devices Market
      1. by Deployment, 2024 TO 2032
    53. Global Connected IoT Devices Market size
      1. by Application, 2024 TO 2032
    54. Share of Global Connected IoT Devices
      1. Market by Application, 2024 TO 2032

    Connected IoT Devices Market Segmentation

    Connected IoT Devices Market Component Outlook (USD Billion, 2018-2032)

    • Solution
    • Service

    Connected IoT Devices Market Deployment Outlook (USD Billion, 2018-2032)

    • Private
    • Public

    Connected IoT Devices Market Application Outlook (USD Billion, 2018-2032)

    • Smart Homes
    • Smart Manufacturing
    • Smart Utilities
    • Smart Retail
    • Connected Health
    • Connected Logistics

    Connected IoT Devices Market Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • US Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Canada Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
    • Europe Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Germany Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • France Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • UK Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Italy Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Spain Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • China Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Japan Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • India Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Australia Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Middle East Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Africa Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
      • Latin America Outlook (USD Billion, 2018-2032)

      • Connected IoT Devices Market by Component
        • Solution
        • Service
      • Connected IoT Devices Market by Deployment
        • Private
        • Public
      • Connected IoT Devices Market by Application
        • Smart Homes
        • Smart Manufacturing
        • Smart Utilities
        • Smart Retail
        • Connected Health
        • Connected Logistics
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