Global Internet of Things Connectivity Market Size study & Forecast, by Component, by Deployment, by Enterprise Type, by Industry and Regional Forecasts 2025-2035

Description

Market definition and Overview

The Global Internet of Things (IoT) Connectivity Market is valued at approximately USD 0.78 billion in 2024 and is anticipated to grow with a staggering CAGR of more than 32.81% over the forecast period 2025-2035. IoT connectivity refers to the ecosystem of technologies, platforms, and networks that enable seamless machine-to-machine communication, supporting the transfer of data between devices, systems, and applications. It forms the backbone of smart cities, industrial automation, digital healthcare, and next-generation consumer solutions. As industries and governments rush toward digitization, IoT connectivity has transformed from a supporting technology into a strategic enabler of operational efficiency, innovation, and new business models. The surging demand for real-time data insights, coupled with the proliferation of smart devices and high-speed networks, is catalyzing rapid adoption across the globe.

The acceleration of 5G deployments, edge computing adoption, and advancements in cloud-native architecture have propelled IoT connectivity into a new era. Enterprises are actively phasing out outdated, siloed systems in favor of agile, interoperable platforms that allow data exchange across heterogeneous networks. According to industry data, the number of IoT-connected devices is forecasted to surpass 30 billion globally by 2030, showcasing the scale of opportunity. Nevertheless, challenges such as security vulnerabilities, data governance complexities, and high integration costs pose barriers that companies must overcome. At the same time, evolving global standards and increased investment in cybersecurity are likely to mitigate these challenges, creating fertile ground for long-term growth.

The detailed segments and sub-segments included in the report are:

By Component:

Platform
Solution & Services

By Deployment:

On-Premise
Cloud

By Enterprise Type:

SMEs
Large

By Industry:

BFSI
Retail
Government
Healthcare
Manufacturing
Agriculture
Sustainable Energy
Transportation
IT & Telecom
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Cloud deployment is expected to dominate the IoT connectivity market throughout the forecast horizon, largely due to its ability to scale with the exponential growth of connected devices and its capacity to integrate vast ecosystems with minimal latency. Cloud platforms also allow enterprises to dynamically update applications, manage devices remotely, and enhance security protocols. As organizations pursue global expansion and complex data flows, cloud deployment has proven to be indispensable, enabling businesses to handle massive volumes of real-time IoT data with efficiency and resilience.
Large enterprises currently hold the largest share of revenue in the IoT connectivity market, as they leverage advanced platforms to optimize industrial operations, supply chains, and customer engagement strategies. These organizations are also at the forefront of adopting AI-driven IoT analytics and investing heavily in cybersecurity frameworks to protect mission-critical data. Conversely, SMEs are anticipated to be the fastest-growing segment, benefitting from the affordability of subscription-based models and increasing awareness of the competitive advantages IoT adoption can bring. While large enterprises lead in revenue today, SMEs are positioned to shape the next phase of growth through their agility and rapid digital adoption.
The key regions considered for the Global Internet of Things (IoT) Connectivity Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2024, driven by a mature digital infrastructure, significant 5G rollouts, and early adoption of IoT in industries such as healthcare, manufacturing, and energy. Europe follows closely, supported by regulatory mandates for digital transformation, strong government investment in smart infrastructure, and advancements in Industry 4.0 adoption. Asia Pacific, however, is projected to be the fastest-growing region, propelled by rapid urbanization, increasing demand for connected solutions in China and India, and government initiatives focused on smart cities and agricultural modernization. Latin America and the Middle East are also gaining traction, particularly in sectors like sustainable energy and transportation, as connectivity solutions unlock efficiency and innovation.

Major market players included in this report are:

Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
AT&T Inc.
Ericsson AB
Nokia Corporation
Vodafone Group Plc
Intel Corporation
Qualcomm Technologies, Inc.
Telefonica S.A.
Orange S.A.
Amazon Web Services, Inc.
Microsoft Corporation
Sierra Wireless, Inc.
Thales Group
Arm Holdings Plc

Global Internet of Things (IoT) Connectivity Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Internet of Things (IoT) Connectivity Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Internet of Things (IoT) Connectivity Market Forces Analysis

3.1. Market Forces Shaping The Global Internet of Things (IoT) Connectivity Market (2024-2035)
3.2. Drivers
- 3.2.1. surging demand for real-time data insights
- 3.2.2. proliferation of smart devices and high-speed networks
3.3. Restraints
- 3.3.1. high integration costs
3.4. Opportunities
- 3.4.1. acceleration of 5G deployments

Chapter 4. Global Internet of Things (IoT) Connectivity Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Internet of Things (IoT) Connectivity Market Size & Forecasts by Component 2025-2035

5.1. Market Overview
5.2. Global Internet of Things (IoT) Connectivity Market Performance - Potential Analysis (2025)
5.3. Platform
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Solutions and services
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Internet of Things (IoT) Connectivity Market Size & Forecasts by Deployment 2025-2035

6.1. Market Overview
6.2. Global Internet of Things (IoT) Connectivity Market Performance - Potential Analysis (2025)
6.3. On premises
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Cloud
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Internet of Things (IoT) Connectivity Market Size & Forecasts by Enterprise Type 2025-2035

7.1. Market Overview
7.2. Global Internet of Things (IoT) Connectivity Market Performance - Potential Analysis (2025)
7.3. SMEs
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Large
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Internet of Things (IoT) Connectivity Market Size & Forecasts by Industry 2025-2035

8.1. Market Overview
8.2. Global Internet of Things (IoT) Connectivity Market Performance - Potential Analysis (2025)
8.3. BFSI
- 8.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.3.2. Market size analysis, by region, 2025-2035
8.4. Retail
- 8.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.4.2. Market size analysis, by region, 2025-2035
8.5. Government
- 8.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.5.2. Market size analysis, by region, 2025-2035
8.6. Healthcare
- 8.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.6.2. Market size analysis, by region, 2025-2035
8.7. Manufacturing
- 8.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.7.2. Market size analysis, by region, 2025-2035
8.8. Agriculture
- 8.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.8.2. Market size analysis, by region, 2025-2035
8.9. Sustainable Energy
- 8.9.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.9.2. Market size analysis, by region, 2025-2035
8.10. Transportation
- 8.10.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.10.2. Market size analysis, by region, 2025-2035
8.11. IT & Telecom
- 8.11.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.11.2. Market size analysis, by region, 2025-2035
8.12. Others
- 8.12.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.12.2. Market size analysis, by region, 2025-2035

Chapter 9. Global Internet of Things (IoT) Connectivity Market Size & Forecasts by Region 2025-2035

9.1. Growth Internet of Things (IoT) Connectivity Market, Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America Internet of Things (IoT) Connectivity Market
- 9.3.1. U.S. Internet of Things (IoT) Connectivity Market
  - 9.3.1.1. Component breakdown size & forecasts, 2025-2035
  - 9.3.1.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.3.1.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.3.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.3.2. Canada Internet of Things (IoT) Connectivity Market
  - 9.3.2.1. Component breakdown size & forecasts, 2025-2035
  - 9.3.2.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.3.2.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.3.2.4. Industry breakdown size & forecasts, 2025-2035
9.4. Europe Internet of Things (IoT) Connectivity Market
- 9.4.1. UK Internet of Things (IoT) Connectivity Market
  - 9.4.1.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.1.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.1.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.2. Germany Internet of Things (IoT) Connectivity Market
  - 9.4.2.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.2.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.2.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.3. France Internet of Things (IoT) Connectivity Market
  - 9.4.3.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.3.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.3.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.3.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.4. Spain Internet of Things (IoT) Connectivity Market
  - 9.4.4.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.4.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.4.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.4.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.5. Italy Internet of Things (IoT) Connectivity Market
  - 9.4.5.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.5.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.5.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.5.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe Internet of Things (IoT) Connectivity Market
  - 9.4.6.1. Component breakdown size & forecasts, 2025-2035
  - 9.4.6.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.4.6.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.4.6.4. Industry breakdown size & forecasts, 2025-2035
9.5. Asia Pacific Internet of Things (IoT) Connectivity Market
- 9.5.1. China Internet of Things (IoT) Connectivity Market
  - 9.5.1.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.1.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.1.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.2. India Internet of Things (IoT) Connectivity Market
  - 9.5.2.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.2.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.2.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.3. Japan Internet of Things (IoT) Connectivity Market
  - 9.5.3.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.3.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.3.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.3.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.4. Australia Internet of Things (IoT) Connectivity Market
  - 9.5.4.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.4.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.4.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.4.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea Internet of Things (IoT) Connectivity Market
  - 9.5.5.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.5.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.5.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.5.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of APAC Internet of Things (IoT) Connectivity Market
  - 9.5.6.1. Component breakdown size & forecasts, 2025-2035
  - 9.5.6.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.5.6.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.5.6.4. Industry breakdown size & forecasts, 2025-2035
9.6. Latin America Internet of Things (IoT) Connectivity Market
- 9.6.1. Brazil Internet of Things (IoT) Connectivity Market
  - 9.6.1.1. Component breakdown size & forecasts, 2025-2035
  - 9.6.1.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.6.1.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.6.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico Internet of Things (IoT) Connectivity Market
  - 9.6.2.1. Component breakdown size & forecasts, 2025-2035
  - 9.6.2.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.6.2.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.6.2.4. Industry breakdown size & forecasts, 2025-2035
9.7. Middle East and Africa Internet of Things (IoT) Connectivity Market
- 9.7.1. UAE Internet of Things (IoT) Connectivity Market
  - 9.7.1.1. Component breakdown size & forecasts, 2025-2035
  - 9.7.1.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.7.1.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.7.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia (KSA) Internet of Things (IoT) Connectivity Market
  - 9.7.2.1. Component breakdown size & forecasts, 2025-2035
  - 9.7.2.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.7.2.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.7.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa Internet of Things (IoT) Connectivity Market
  - 9.7.3.1. Component breakdown size & forecasts, 2025-2035
  - 9.7.3.2. Deployment breakdown size & forecasts, 2025-2035
  - 9.7.3.3. Enterprise Type breakdown size & forecasts, 2025-2035
  - 9.7.3.4. Industry breakdown size & forecasts, 2025-2035

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Cisco Systems, Inc.
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
10.3. Huawei Technologies Co., Ltd.
10.4. AT&T Inc.
10.5. Ericsson AB
10.6. Nokia Corporation
10.7. Vodafone Group Plc
10.8. Intel Corporation
10.9. Qualcomm Technologies, Inc.
10.10. Telefonica S.A.
10.11. Orange S.A.
10.12. Amazon Web Services, Inc.
10.13. Microsoft Corporation
10.14. Sierra Wireless, Inc.
10.15. Thales Group
10.16. Arm Holdings Plc