How Big Is the Edge IoT Market | Trends 2031

Q: How big is the edge IoT market?

The edge IoT market is expected to reach USD 22.6 billion by 2031.

Q: What is the CAGR of the edge IoT market?

The edge IoT market is projected to grow at a CAGR of 14.3% during the forecast period.

Q: Which sectors are the major adopters of edge IoT?

Manufacturing, automotive, healthcare, energy, and smart cities are leading adopters.

Q: What technologies are enabling edge IoT growth?

5G, AI, machine learning, and multi-access edge computing are major enablers.

Q: What are the key benefits of edge IoT solutions?

Lower latency, enhanced data privacy, real-time analytics, and reduced bandwidth consumption.

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Code: MTA5676

Publication Date: Jul 2025

How big is the edge IoT market?

According to 6Wresearch internal database and industry insights, the edge IoT market was valued at approximately USD 8.9 billion in 2024 and is projected to reach USD 22.6 billion by 2031, growing at a CAGR of 14.3% during the forecast period.

The market is expanding due to increasing demand for real-time data processing, growing adoption of edge computing in industrial IoT applications, and advancements in 5G and low-latency communication technologies. Smart cities, autonomous systems, and AI-integrated edge devices are playing a vital role in driving growth across sectors such as manufacturing, healthcare, and transportation.

Key Growth Factors of the Edge IoT Market

Growing deployment of IoT sensors in smart manufacturing and Industry 4.0
Surge in latency-sensitive applications like autonomous vehicles and remote surgery
Expansion of 5G and mobile edge computing infrastructure
Rise in AI-based analytics at the edge for faster decision-making
Reduced bandwidth usage and improved data privacy through localized processing

Edge IoT Market Trends

The edge IoT market is shifting toward decentralized intelligence with AI-enabled edge devices. Multi-access edge computing (MEC) is being rapidly adopted by telecom providers to support low-latency applications. Energy-efficient edge gateways are becoming a priority for sustainable industrial operations. Furthermore, there is increased collaboration between cloud providers and edge hardware vendors to offer hybrid cloud-edge ecosystems.

Emerging Developments in the Edge IoT Market

Start-ups and enterprises are innovating edge AI chips for real-time analytics. Integration of blockchain for data security in edge networks is gaining momentum. Strategic alliances between telecom, IT, and semiconductor companies are accelerating the deployment of edge-to-cloud platforms. Edge-as-a-Service (EaaS) models are emerging, offering subscription-based edge computing solutions to SMEs.