Internet of Things - Australia
Australia- The Internet of Things market (IoT) market in Australia is expected to generate a projected revenue of AUD US$9.96bn by 2025.
- Among the various segments within the IoT market, Industrial IoT is set to dominate with a projected market volume of AUD US$2.66bn in 2025.
- This indicates the significant impact of the automotive industry in driving the growth of IoT in Australia.
- Furthermore, the revenue in the IoT market is anticipated to showcase a commendable annual growth rate, with a compound annual growth rate (CAGR) of 6.41% between 2025 and 2029.
- As a result, the market volume is expected to reach AUD US$12.77bn by 2029.
- This projection highlights the potential for continued expansion and adoption of IoT technologies across various sectors in Australia.
- In terms of global comparison, United States is expected to generate the highest revenue in the IoT market, reaching US$379.91bn in 2025.
- This demonstrates the leading position of the United States in terms of IoT market revenue, emphasizing its strong presence and influence in this rapidly evolving industry.
- Australia is experiencing a surge in IoT adoption, with widespread implementation in sectors like agriculture and mining.
- Key regions:
- United States,
- Canada,
- China,
- India,
- Japan
Definition:
The term Internet of Things (IoT) describes a network of physical and virtual devices that are able to communicate autonomously using the Internet Protocol (IP). The IoT market is defined by revenues generated specifically from components and services that enable connectivity and intelligence. These include hardware (e.g., sensors, chips, and other IoT-specific components), platforms (e.g., IoT platforms, security software), connectivity solutions (e.g., cellular, LoRa, SigFox), and services (e.g., equipment/system integration and maintenance).
For example, in the case of a smart security camera, only the IoT-related portion of the product contributes to the IoT revenue. This includes the components and features that make the camera "smart" and capable of connecting to the internet (such as IoT sensors or connectivity modules), but not the full price of the camera itself.
Structure:
The IoT market consists of 7 different segments. Consumer IoT includes connected devices used by end users for personal purposes such as smart security cameras or smart home hubs. 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, such as the V2X connections, advanced driver assistance systems (ADAS) & telematics solutions. Other IoT covers use cases such as the ones used in professional sports such as player or equipment tracking.
Additional information:
The Internet of Things market compromises of revenue, revenue growth, volume, IoT Investment, and a list of top companies and their consolidated revenues. 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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- Devices embedded with IoT sensors
- IoT technology software
- IoT connectivity revenues
- IoT equipment services
- Smartphones
- Laptops
- Tablets
- PCs
- Other devices whose sole purpose is internet access
