Global IoT Market to Reach $865 Billion by 2030
Cette publication existe aussi en Français
The global Internet of Things (IoT) market is set to grow from $547.06 billion in 2025 to $865.20 billion by 2030, according to a new report from MarketsandMarkets. This represents a compound annual growth rate (CAGR) of 9.6% during the forecast period.
For engineers and decision-makers in Europe’s electronics industry, this IoT growth trajectory highlights where the next wave of embedded systems, connectivity, and data-driven innovation will unfold — and where new opportunities will emerge for hardware and software development.
Connectivity and 5G accelerate IoT adoption
The expansion of connected ecosystems and the ongoing global digital transformation seem to be the main drivers behind IoT market growth. Companies are leveraging IoT to improve supply chain visibility, implement predictive maintenance, and deliver personalized customer experiences. By integrating IoT with AI and analytics platforms, organizations are achieving advanced automation and proactive risk management.
5G networks are further accelerating this trend. With ultra-low latency, faster data transmission, and support for massive device connectivity, 5G enables applications such as autonomous vehicles, smart manufacturing, and remote healthcare monitoring, the report indicates. The continued rollout of 5G infrastructure across urban and industrial regions is unlocking new possibilities for real-time IoT solutions that demand reliable communication.
Smart healthcare and IoT platforms lead growth
Among verticals, Smart Healthcare is projected to be the fastest-growing IoT segment through 2030. IoT-enabled healthcare solutions are transforming patient care with continuous monitoring, real-time diagnostics, and data-driven insights. From medical wearables to hospital systems managing assets and equipment maintenance, IoT is reshaping clinical workflows. The COVID-19 pandemic accelerated telemedicine and connected health adoption, and with advancements in 5G, edge computing, and AI, the report indicates that the sector is moving toward personalized and preventive care models.
Meanwhile, IoT platforms are expected to account for the largest market share. Platforms from providers like Microsoft Azure IoT, AWS IoT Core, and Huawei OceanConnect are helping enterprises manage millions of connected devices. These systems provide interoperability, centralized control, and real-time analytics.
Asia pacific emerges as a key growth region
According to the report, the Asia Pacific region is projected to post the fastest growth during the forecast period. Governments across the region are driving digital economy initiatives, such as Japan’s Society 5.0 and India’s Digital India programs, to foster IoT innovation. With increasing availability of low-cost sensors, widespread mobile connectivity, and growing SME participation, the region is becoming a hotspot for IoT experimentation and deployment.
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
