North America was the largest regional market for consumer IoT in 2022 amounting to around 29.9 billion U.S. dollars. Between 2023 and 2030, the Asia-Pacific market is forecast to grow by a compound annual growth rate of 15 percent, reaching a projected 42.9 billion U.S. dollars in 2030. Europe and Asia-Pacific were the second and third leading regional markets in 2021.
More information on the global consumer IoT market can be found here.
Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030
(in billion U.S. dollars)
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Extrapolate. (August 14, 2023). Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/
Extrapolate. "Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030 (in billion U.S. dollars)." Chart. August 14, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/
Extrapolate. (2023). Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/
Extrapolate. "Regional Consumer Iot Market Size from 2020 to 2022, with a Forecast up to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Aug 2023, https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/
Extrapolate, Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/ (last visited December 23, 2024)
Regional consumer IoT market size from 2020 to 2022, with a forecast up to 2030 (in billion U.S. dollars) [Graph], Extrapolate, August 14, 2023. [Online]. Available: https://www.statista.com/statistics/1409154/regional-consumer-iot-market-value/
