Enterprise IoT Market Set to Reach USD 1.76 Billion by 2033 Amid Growing Demand for Smart Connectivity | Research by SNS Insider

The Enterprise IoT Market is accelerating with increasing adoption of connected devices, AI-driven analytics, and cloud-enabled automation, empowering industries with real-time monitoring, predictive maintenance, and digital transformation initiatives.

Austin, Nov. 13, 2025 (GLOBE NEWSWIRE) — The Enterprise IoT Market size was valued at USD 0.63 Billion in 2025E and is expected to reach USD 1.76 Billion by 2033, growing at a CAGR of 13.73% over 2026-2033.

The growing adoption of smart technologies and linked devices across multiple industry verticals that enable real-time monitoring, predictive maintenance, and process automation is driving the enterprise IoT market growth.

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The U.S. Enterprise IoT Market size was USD 0.15 Billion in 2025E and is expected to reach USD 0.42 Billion by 2033, growing at a CAGR of 13.45% over 2026-2033.

The U.S. market growth is driven by widespread adoption of connected devices, cloud platforms, and AI analytics. Industries leverage IoT for real-time monitoring, predictive maintenance, and process automation, enhancing efficiency, reducing costs, and enabling data-driven decision-making.

Segmentation Analysis:

By Component, in 2025, Hardware Led the Market with a Share of 57.30%; Software & Solutions is the Fastest-growing Segment with a CAGR of 14.60%

The Hardware lead the market in 2025, due to the essential role of sensors, gateways, and connected devices are the critical components required to deliver IoT operations across industries. Software & Solutions are the fastest-growing segment with strong growth in AI-powered analytics, edge computing and IoT platform solutions.

By Enterprise Type, in 2025, Small & Medium-Sized Enterprises (SMEs) Dominated the Market with a Share of 64.20%; Large Enterprises are Expected to Grow at a CAGR of 13.50%

The Small & Medium-Sized Enterprises (SMEs) lead the market in 2025, due to adoption as they integrate connected devices and IoT solutions to enhance efficiency, productivity and lower costs.  Large Enterprises are the fastest-growing segment, due to growing investments in sophisticated IoT platforms, AI integration and edge computing solutions. 

By Deployment Model, in 2025, Cloud Led the Market with a Share of 71.24%; Hybrid is the Fastest-growing Segment with a CAGR of 16.14%

The Cloud leads the market in 2025, as businesses depend more on cloud platforms for scaling capabilities, better flexibility and managing of connected devices and IoT data. Hybrid is a fastest growing segment as large enterprises are wanting the growth of cloud with the control of on-prem.

By End-Use, in 2025, Manufacturing Led the Market with a Share of 27.96%; Healthcare is the Fastest-growing Segment with a CAGR of 15.30%

The Manufacturing leads the market in 2025, driven by as businesses continue to deploy more connected devices and IoT technologies to streamline manufacturing processes and make equipment more productive while enabling predictive maintenance. Healthcare sector is a fastest growing segment due to an increasing current consumption of connected medical devices, remote patient monitoring and smart hospital systems.

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Regional Insights:

The North America dominated the Enterprise IoT Market in 2025E, with over 34.10% revenue share, due to advanced digital infrastructure, leading to a heavy deployment of connected devices and investments made by various industries for smart technologies.

The Asia Pacific region is expected to have the fastest-growing CAGR 14.64%, owing to a surge in demand for enterprise IoT solutions and services from industry verticals such as manufacturing, energy and utilities, transportation and logistics, and telcos.

Key Companies:

• Intel Corporation
• Qualcomm
• Texas Instruments
• Bosch
• Siemens AG
• STMicroelectronics
• Hewlett Packard Enterprise (HPE)
• Juniper Networks
• Nokia
• 3M Company
• Amazon Web Services (AWS)
• Microsoft Corporation
• Google Cloud
• Oracle Corporation
• PTC Inc.
• SAP SE
• IBM Corporation
• Cisco Systems Inc.
• Accenture
• Deloitte

Enterprise IoT Market Report Scope:

Report Attributes	Details
Market Size in 2025E	USD 0.63 Billion
Market Size by 2033	USD 1.76 Billion
CAGR	CAGR of 13.73% From 2026 to 2033
Base Year	2025E
Forecast Period	2026-2033
Historical Data	2022-2024
Report Scope & Coverage	Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments	• By Component (Hardware, Software & Solutions, Services) • By Enterprise Type (Small & Medium Sized Enterprise, Large Enterprise) • By Deployment Model (Cloud, Hybrid, On Premise) • By End-use (Manufacturing, Oil & Gas, Utilities, Transport, BFSI, IT & Telecomm, Healthcare, Others)
Customization Scope	Available upon request
Pricing	Available upon request

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Recent Developments:

• In August 2025, Qualcomm launched the Dragonwing Q-6690, the first enterprise processor integrating ultra-high frequency RFID directly into the chip. This launch strengthens Qualcomm’s position in the enterprise IoT and smart logistics markets. 
• In October 2025, Texas Instruments (TI) launched new power management devices for AI computing, targeting next-generation AI infrastructures in data centers. These devices aim to improve energy efficiency and support high-performance edge AI applications.

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