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Other IoT - Worldwide

Worldwide
  • In Worldwide, the revenue in the Other IoT market is estimated to reach US$11.53bn in 2025.
  • It is expected that the revenue will demonstrate an annual growth rate (CAGR 2025-2029) of 9.34%, leading to a market volume of US$16.49bn by 2029.
  • When compared globally, United States is projected to generate the highest revenue of US$4.09bn in 2025 in this market segment.
  • With its advanced technological infrastructure and high demand for smart devices, the worldwide market for Other IoT is thriving, and countries like the United States and China are leading the way in innovation.

Definition:

Other Internet of Things (IoT) market covers use cases that are not specifically mentioned in the other markets. Example of use cases range from government, tourism, professional sports, education, or military use cases. This list is non exhaustive, as the new IoT use cases are being introduced. The Other 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.

Additional information:

The Internet of Things market compromise of revenue and revenue growth as the key performance indicators. 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.

Some of the key players include Samsung, Microsoft and Quectel.

For more information on data displayed, use the info button right next to the boxes.

In-Scope
  • Government use cases
  • Tourism use cases
  • Professional sports use cases
  • Military use cases
  • Use cases not mentioned in other segments
Out-Of-Scope
  • Consumer IoT devices
  • Automotive IoT devices
  • IoT in Healthcare devices
  • Industrial IoT (IIoT) devices
  • Smart Cities‘ devices
  • Smart Finance devices
Other IoT: market data & analysis  - Cover

Market Insights report

Other IoT: market data & analysis
CONTENTBOX_CAPTION_STUDY_DETAILS

    Revenue

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jun 2024

    SOURCE: Statista Market Insights

    NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    MOST_RECENT_UPDATE: Jun 2024

    Volume

    MOST_RECENT_UPDATE: Mar 2024

    SOURCE: Statista Market Insights

    Analyst Opinion

    The list of Internet of Things (IoT) application is constantly developing, and new use cases are emerging. The benefits seen in other industries and sectors such as automotive or finance is inspiring others to find and develop other use cases.

    One of the examples that’s becoming a norm in professional sports industry is embedding the sports equipment with IoT sensors in order to provide real-time performance data, including speed, acceleration and other metrics, helping athletes optimize their training and performance, and judges to keep a track of the competition results.

    In education sector, IoT is being used to provide personalized learning by collecting data on student behavior and learning preferences, while making the students more engaged. Example of such are the interactive whiteboards which provide more collaborative and interactive learning environment.

    Global Comparison

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jun 2024

    SOURCE: Statista Market Insights

    Methodology

    Data coverage

    The data encompasses B2B, B2C and B2G revenues. The revenue only refers to the spending share of the Internet of Things components.

    Modeling approach/ Market size:

    The market size is determined through a combination of top-down and bottom-up approaches. We use annual financial reports of the market-leading companies and industry associations, as well as third-party studies and reports to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as consumer spending, internet penetration, 4G coverage, and current and historical developments. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques but primarily exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

    Additional notes:

    The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

    Technology

    XMO_REPORT_PROMO_HEADLINE

    Other IoT: market data & analysis  - BackgroundOther IoT: market data & analysis  - Cover

    Key Market Indicators

    NOTES: Based on data from IMF, World Bank, UN and Eurostat

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    OUTLOOK_EXPLORE_RELATED_TOPICS

    Internet of Things (IoT) - statistics & facts

    In the realm of technology, few concepts have captured imaginations quite like the Internet of Things (IoT). Coined in 1999 by British technologist Kevin Ashton, IoT envisioned a future where a vast network of interconnected objects would collect and analyze data, enabling them to perform tasks autonomously. While the idea seemed more like science fiction at the time, today, IoT is no longer a hypothetical concept but a rapidly unfolding reality. Thanks to the development of communication technologies such as 5G and data analytics using artificial intelligence (AI) and machine learning, IoT has applications varying from smartwatches to city infrastructure (smart cities).
    OUTLOOK_MORE_DATA_ON_TOPIC

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