Expectations of Significant Growth in the IoT Technology Market

Dublin, November 21, 2025 (GLOBE NEWSWIRE) – The IoT Technology market is expected to grow from 959.30 billion USD in 2025 to 1.14 trillion USD by 2030. This growth will occur at a compound annual growth rate (CAGR) of 3.7 percent.

The main reasons for this growth include the rapid adoption of connected devices, advancements in 5G, artificial intelligence, and edge computing, as well as an increase in demand for smart homes and industrial automation. However, concerns regarding data security and privacy also pose significant hurdles.

Software solutions are expected to be one of the segments recording the highest CAGR, in order to overcome challenges related to integration and data management. Key players in this area include Microsoft Corporation, IBM Corporation, Amazon Web Services, Cisco Systems, and PTC.

North America is leading the market with a 30% market share in 2024. The presence of major multinational companies like Intel Corporation, Texas Instruments, and Dell is driving strong market dynamics. Ongoing R&D investments and the growing IoT demands across various sectors, particularly in the U.S., support this dynamism.

To achieve sustainable growth potential in the market, it is crucial to strategically address issues such as data security, privacy concerns, and integration challenges among various IoT systems.

Software-based solutions ensure comprehensive integration of data from devices and sensors, while enhancing the flexibility and efficiency needed to optimize business processes. Professional services play a significant role in the market due to the complexity of IT implementations.