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Global IoT Market Size by Service Type

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SOURCE RESEARCH

IoT Market Tracker - Worldwide

Market Data | 2Q 2025 | MD-IOTMWW-113

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ABI Research's most recent  IoT market Tracker projects the IoT market size will increase by more than 2X between 2025 and 2030 - from US$334 billion to US$634 billion. Physical connections will generate only a fraction of the revenue opportunity, with services such as data analytics and device/application platforms accounting for most of the IoT market valuation.

For a more in-depth assessment of the IoT market, read this blog post.

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