Indonesia: IoT connections 2028

In 2023, the number of Internet of Things (IoT) connections in Indonesia reached more than 13 million, an increase from around ten million connections in the previous year. Statista Digital Market Insights estimated that the number of IoT connections will continue to increase and reach over 90 million by 2028.

Embracing smart living trends

Indonesia’s smart home market is facing rapid growth with a rising number of smart home users, and its revenue is projected to neary double over the next five years. Many Indonesian consumers are also showing a keen interest in a healthier lifestyle, leading to a surge in the use of wearable tech to monitor physical activities. These trends highlight the shift towards smarter living to enhance everyday lives by utilizing IoT technologies.

Indonesia’s readiness – what’s next for IoT advancements?

Compared to neighboring countries like Singapore and Thailand, Indonesia still lags behind in 5G network development, mainly due to limited spectrum availability. This interferes with the efficiency of IoT connections, showing the need for accelerated effort in its infrastructure. Moreover, the high number of cyber attacks across the country emphasizes the need to strengthen the protection of digital services and policies to combat cybercrime, an essential step forward to thrive in safer and advanced IoT adoption.

Total number of Internet of Things (IoT) connections in Indonesia from 2018 to 2028 (in million)

Characteristic	IoT connections in million
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The term Internet of Things (IoT) describes a network of physical and virtual devices that are able to communicate autonomously with each other using the Internet Protocol (IP). The physical devices are embedded with sensors, software and connectivity capabilities that enable them to collect and exchange data over the internet. Its scope encompasses a wide range of use cases from household objects to more complex industrial applications.

Structure:

The Internet of Things market consists of 7 different segments. Consumer IoT includes connected devices used by end users for personal purposes such as smart home devices. Smart Finance covers IoT applications used in financial sectors such as insurance telematics/usage-based insurance, real estate, ATMs. IoT in Healthcare covers all IoT applications in a healthcare setting such as the ones used for patient care, remote patient monitoring and surgeries. The Industrial IoT covers IoT applications in Industrial settings such as the factory & agriculture automation, supply chain optimization and predictive maintenance. Automotive IoT covers IoT use cases in mobility and transportation settings. Other IoT covers use cases not included in the previously mentioned markets.

Additional information:

The Internet of Things market compromise of revenue and revenue growth as the key performance indicators. The market consists of revenue generated through selling of hardware (such as sensors, chips and other hardware), platforms (IoT platforms, security software and other software), connectivity (cellular, LoRa, SigFox and other connectivity) and services (equipment & system integration and maintenance). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

The market is fragmented, but the key players in the market include Cisco (Cisco IoT platforms and software), Qualcomm, Dell EMC, and IBM.

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