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IoT global annual revenue 2019-2030

In 2019, the total Internet of Things (IoT) market was worth around 388 billion U.S. dollars, and is forecast to rise to more than one trillion U.S. dollars in 2030, more than doubling its revenue in a little over ten years.

Internet of Things (IoT) total annual revenue worldwide from 2019 to 2030

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Source

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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Statistics on "Internet of Things (IoT)"

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