How big is the Enterprise Iot Market | Forecast & Insights

Q: Which industries are major adopters of enterprise IoT?

Key industries include manufacturing, energy & utilities, transportation, healthcare, and retail, all seeking to optimize performance through connected technologies.

Q: How is 5G impacting the enterprise IoT landscape?

5G is enabling faster, more reliable, and high-volume data transmission, allowing enterprises to deploy latency-sensitive IoT applications at scale.

Q: What is driving the demand for enterprise IoT solutions?

The demand is driven by the need for operational efficiency, real-time decision-making, cost optimization, and remote monitoring in enterprise environments.

Q: What is the size of enterprise IoT market?

The enterprise IoT market is expected to be valued at USD 75.4 billion by the year 2031.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6432

Publication Date: Jul 2025

How Big Is the Enterprise Iot Market?

According to 6Wresearch internal database and industry insights, the Global enterprise IoT market was valued at USD 42.3 billion in 2024 and is projected to reach USD 75.4 billion by 2031, expanding at a CAGR of 7.70% during the forecast period.

This tremendous growth is driven by increasing automation in manufacturing, rising adoption of smart infrastructure, integration of IoT with cloud computing, and the growing necessity for real-time data analytics in enterprise operations.

Key Growth Factors of the Enterprise IoT Market

Surging demand for real-time analytics and machine-to-machine communication
Integration of IoT with AI and cloud for improved business decision-making
Growth of smart factories and Industry 4.0 initiatives
Growing need for predictive maintenance and asset tracking in manufacturing and logistics
Integration of remote monitoring and automation tools
Greater cybersecurity and data protection features augmenting enterprises confidence to use IoT systems.

Enterprise IoT Market Trends

Enterprise IoT Market is experiencing a major shift towards smart, connected systems across industries. With more companies embracing edge computing, AI sensors and blockchain IoT applications to secure data and decrease latency, there is a growing trend toward creating digital twins of entire facilities and assets with predictive insights that enhance performance and decision-making. Cross-platform interoperability and private 5G networks will also impact the future of Enterprise IoT ecosystems that allow enterprises to operate faster, safer, and more flexibly.

Emerging Developments in Enterprise IoT Market

Emerging developments in the Enterprise IoT Market are the introduction of hybrid IoT-cloud solutions, the use of digital twins in large-scale operations, and the increased use of low-power wide-area networks. Many companies are already using 5G to achieve high throughput, while AI is being utilized for autonomous decision-making at the edge. Companies, new and old, are also starting to explore ESG-focused IoT innovations to meet energy efficiency and compliance.