IoT revenue worldwide by vertical 2030 | Statista

The total Internet of Things (IoT) market in 2021 was worth around 181 billion U.S. dollars, and is set to rise to more than 622 billion U.S. dollars in 2030. The consumer sector continues to dominate, and is forecast to generate 183 billion U.S. dollars in revenue by 2030.

Internet of Things (IoT) revenue worldwide from 2020 to 2030 (in billion U.S. dollars), by vertical

Characteristic	2020	2021	2022*	2023*	2024*	2025*	2026*	2027*	2028*	2029*	2030*
Agriculture, Forestry & Fishing	2	2.3	2.7	3.2	3.7	4.3	5	5.8	6.7	7.7	8.9
Mining & Quarrying	0.6	0.6	0.7	0.7	0.8	0.8	0.9	0.9	1	1	1.1
Manufacturing	4.3	4.6	5.5	6.5	7.5	8.6	9.8	11.2	12.6	14	15.5
Electricity, Gas, Steam & A/C	12.6	15.1	18	20.7	23.4	26.1	28.7	31.2	33.6	35.9	37.9
Water Supply & Waste Management	1.7	2.1	2.7	3.4	4.2	5	5.8	6.5	7.2	7.9	8.5
Construction	0.6	0.6	0.7	0.8	0.9	1	1.1	1.2	1.2	1.3	1.4
Retail & Wholesale	20.6	22.1	25.2	28.2	30.5	32.6	34.4	36	37.6	39	40.5
Transportation & Storage	19.7	22.5	25.6	29	32.3	35.7	39.2	42.6	46.1	49.7	53.3
Accommodation & Food Service	4	4.3	5.1	5.9	6.6	7.2	7.7	8.2	8.7	9.1	9.6
Information & Communication	0	0	0	0	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Finance & Insurance	3.9	4.5	5.2	6.2	7.1	8.1	9.1	10.2	11.4	12.6	13.9
Professional, Scientific & Technical	0.2	0.2	0.3	0.3	0.4	0.5	0.6	0.6	0.7	0.9	1
Administrative	5.5	6.6	7.9	9.5	11.2	13.2	15.4	17.8	20.3	22.8	25.2
Government	34	40.2	44	47.4	50.8	54.4	57.8	61.4	65.2	69.4	74
Education	0	0	0	0	0	0	0	0	0	0	0
Health & Social Care	4.6	5.5	6.7	8	9.6	11.4	13.4	15.7	18.1	20.7	23.4
Arts & Entertainment	0	0	0	0	0	0	0	0	0	0	0
Other Services	0	0	0	0	0	0	0	0	0	0	0
Consumer	35.2	43.5	53.9	66	79.3	93.9	109.8	126.8	144.7	163.4	182.8
Cross-vertical	32.1	38.2	47.3	57.3	67.6	77.3	86.7	96.1	105.5	115	124.4

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Release date

July 2022

More information

Region

Worldwide

Survey time period

2020 to 2022

Supplementary notes

*Forecast

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