MarketGenics Sees IoT Market Reaching $1,158.3 Billion by 2035 as 8.1% CAGR Holds
Updated
Updated · openPR · May 22
MarketGenics Sees IoT Market Reaching $1,158.3 Billion by 2035 as 8.1% CAGR Holds
1 articles · Updated · openPR · May 22
$530.1 billion is MarketGenics' estimate for the global IoT market in 2025, with the sector projected to more than double by 2035.
Connected devices, smart infrastructure, industrial automation and real-time analytics are driving that growth, while AI, cloud, edge computing and 5G expand IoT use cases.
North America currently leads the market on stronger digital infrastructure and enterprise adoption, while Asia-Pacific is forecast to grow fastest on urbanization, manufacturing expansion and smart-city spending.
Cisco, IBM, Microsoft, AWS, Intel, Huawei, Siemens and Samsung are among the companies competing for opportunities in smart manufacturing, healthcare, transport, agriculture and energy management.
Cybersecurity, data privacy, interoperability and deployment costs remain key constraints even as IoT adoption broadens across enterprise and consumer markets.
As IoT connections are set to double by 2035, who will manage and secure this network amid a critical shortage of skilled professionals?
With 98% of IoT traffic unencrypted, how can the market's trillion-dollar growth be secured against a catastrophic cyberattack?
Is the biggest barrier to IoT's future not connectivity, but making data from billions of incompatible devices truly interoperable and useful?