Discover in-depth IoT spending data for 100+ countries, 75+ industries, and 9+ tech stack elements
Understand past, present, and future IoT market data, with all relevant stats at your fingertips.
The IoT Analytics IoT Enterprise Spending Dashboard comprises the end-user spending of IoT markets worldwide and offers a holistic view with over 800 thousand data points and detailed drill-down options per tech stack, vertical, and region/country. The tool is updated every six months with the most recent data.
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IoT Enterprise Spending Dashboard
Latest data releases
In short Overall enterprise Internet of Things (IoT) spending grew 22.4% in 2021 to $158 billion.Key macro tailwinds for the IoT market size going forward include maturing technologies such as AI, 5G, and cloud as well as the role that IoT plays in reaching sustainability goals.Key macro headwinds include rising input prices, intensified skill/labor shortages, and the ongoing chip shortage. Why it matters Having an eye on macro developments is crucial to forecast industry growth and...
Key Insights Overall enterprise Internet of Things (IoT) spending grew 12.1% in 2020 to $128.9 billion.Asia-Pacific (APAC) saw the fastest growth (17.0%), followed by North America (14.9%) and Europe (9.7%).2021 IoT spending for enterprises is expected to grow 24.0% in 2021.Beyond 2021, it is expected that IoT spending will grow at 26.7% annually. View interactive data dashboard Why it matters? Technology markets are re-accelerating in 2021 as COVID-19 fades.IoT remains a high-growth market...
Update September 2021: IoT Analytics published more recent blogs on: IoT technology market attractiveness: Where to invest going into 2022 and State of IoT 2021: Number of connected IoT devices growing 9% to 12.3 billion globally, cellular IoT now surpassing 2 billion. Market Update Despite the ongoing Covid-19 pandemic, the market for the Internet of Things continues to grow. In 2020, for the...
What we do to update the data every 6 months:
- Constant monitoring of investor relations documents and news releases for hundreds of IoT companies
- Industry-level forecasting based on revenue estimations of 6,000+ companies
- Interviewing of more than 100 senior IoT experts
- Quantification of trends across 7,000+ earnings calls of listed companies
- Fine-tuning the data based on the latest IoT end-user surveys of ~1,000 IoT and IT decision-makers
- Updating of macroeconomic forecasts from trusted sources (e.g., IMF, World Bank, OECD)
Our trackers and dashboards
Global IoT Enterprise Spending Dashboard
Global Cellular IoT Connectivity & LPWA Tracker
Global Cellular IoT Module and Chipset Tracker & Forecast
Average selling price (ASP)
By connectivity technology
By technology stack element
By industry (IoT segment)
By industry (ISIC rev. 4)
By use case
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- Slice and dice the data per region, country, vertical, and technology
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