Global IoT Market Size by Service Type

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.