IoT annual revenue by region 2030 | Statista

By 2030, China is anticipated to dominate the Internet of Things (IoT) market with 184 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 2020 to 2030, by region (in billion U.S. dollars)

Characteristic	Australasia	Europe	Greater China	India and South Asia	Japan	Latin America	MENA	North America	Russia & Central Asia	South East Asia	South Korea	Sub-Saharan Africa
2030*	8.5	122.7	184	21.4	44.7	33.3	13.9	138.7	12.2	21	14.7	6.6
2029*	7.7	112.5	171.5	18.8	41.8	30.1	12.3	126.9	11	18.5	13.8	5.7
2028*	7	102.5	159.4	16.4	38.9	27	10.7	115.2	9.8	16.1	12.8	4.8
2027*	6.3	92.8	147.7	14	36	24.1	9.3	103.8	8.7	13.8	11.8	4.1
2026*	5.6	83.3	136.1	11.8	33	21.3	8	92.8	7.6	11.7	10.8	3.4
2025*	4.9	74	124.7	9.8	30	18.6	6.8	82.3	6.6	9.7	9.8	2.8
2024*	4.3	65.1	113.2	8	26.9	16.1	5.7	72.2	5.6	7.9	8.8	2.3
2023*	3.7	56.3	101.6	6.5	23.7	13.6	4.8	62.4	4.8	6.3	7.7	1.9
2022	3.1	47.7	89.9	5.3	20.5	11.1	4	52.9	4	5	6.7	1.5
2021	2.6	40	77.8	4.3	17.6	8.9	3.3	44.4	3.3	3.9	5.7	1.2
2020	2.2	34.7	64.8	3.6	15.5	7.7	2.7	38.1	2.8	3.3	4.9	1

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Release date

July 2023

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Region

Worldwide

Survey time period

2020 to 2022

Supplementary notes

*Forecast

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