Massive IoT Market Report 2025 (Global Edition)

Global Massive IoT Market Report 2025 Market Size Split by Offering (Hardware, Networking Gateways, Connectivity Modules, Sensors, Platform, Services, Professional Services, Managed Services), by Conn...

Massive IoT Market Report Description

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Massive IoT Market Insights Video

Competitive Landscape of the Massive IoT Market

The massive IoT market is highly competitive, with numerous players ranging from large technology companies to specialized IoT providers. The competitive landscape is shaped by factors such as technological innovation, network infrastructure, partnerships, and the ability to scale solutions across industries and regions.

September 2023: Leading mesh connection supplier Wirepas and worldwide pioneer in wireless technology Laird connection announced that they have partnered to develop hardware and software solutions for connecting Bluetooth Low Energy (LE) modules for large-scale Internet of Things deployments. (Source: https://www.wirepas.com/news-and-more/laird-connectivity-and-wirepas-enter-partnership-to-broaden-massive-iot) March 2023: The world's leading long-range connectivity and network management companies, LORIOT, and UnaBiz, the massive IoT Service Provider & Integrator, teamed together to empower customers to deploy massive IoT solutions and give them the option to select the multiple protocols that best fit their use case. (Source: https://www.loriot.io/news/2023-03-22-loriot-unabiz.html)

Top Companies Market Share in Massive IoT Industry: (In no particular order of Rank)

• Huawei Technologies Co. Ltd.
• Intel Corporation
• Google LLC (Alphabet)
• ScienceSoft USA Corporation
• Cisco Systems Inc.
• Qualcomm Technologies Inc.
• Ericsson
• Verizon Communications Inc.
• Microsoft Corporation
• SAP SE
• IBM Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Massive IoT Market

Which Region Dominates the Massive IoT Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The ongoing digital transformation of numerous sectors, the growing need for smart city solutions, and the development of 5G technology are all expected to propel the massive IoT market in North America in the upcoming years. Massive IoT application growth is expected to be supported by the region's strength in technological innovation and a supportive regulatory framework.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Massive IoT market. The market of the Asia Pacific region is propelled by rising government initiatives, a growing industrial sector, and rising urbanization and smart city projects. Moreover, the advancements in connectivity technology drive market growth.

The current report Scope analyzes Massive IoT Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Massive IoT Market Analysis

According to Cognitive Market Research, the global Massive IoT market size was estimated at USD 72518.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 29007.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Massive IoT market with a market size of USD 22886.87 million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. The nation's presence of major players.
• The Canada Massive IoT market had a market share of USD 3480.89 million in 2024 and is projected to grow at a CAGR of 22.2% during the forecast period. Canada's increasing investment.
• The Mexico Massive IoT market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 2639.68 million in 2024.

Europe Massive IoT Market Analysis

According to Cognitive Market Research, the global Massive IoT market size was estimated at USD 72518.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 21755.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.

• The United Kingdom Massive IoT market had a market share of USD 3654.94 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. In the UK, Massive IoT sales witnessed an upswing due to the nation's rising product innovation.
• The France Massive IoT market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 2001.51 million in 2024.
• According to Cognitive Market Research, the German Massive IoT market size was valued at USD 4307.60 million in 2024 and is projected to grow at a CAGR of 21.9% during the forecast period. In Germany, Massive IoT surged due to the presence of major market players.
• The Italy Massive IoT market is projected to witness growth at a CAGR of 21.1% during the forecast period, with a market size of USD 1870.98 million in 2024.
• The Russia Massive IoT market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 3372.11 million in 2024.
• The Spain Massive IoT market is projected to witness growth at a CAGR of 20.8% during the forecast period with a market size of USD 1783.96 million in 2024
• The Luxembourg Massive IoT market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 674.42 million in 2024.
• The Portugal Massive IoT market is projected to witness growth at a CAGR of 21.5% during the forecast period, with a market size of USD 456.87 million in 2024.
• The Greece Massive IoT market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 261.07 million in 2024.
• Rest of Europe's Massive IoT market is projected to witness growth at a CAGR of 20.4% during the forecast period, with a market size of USD 3372.11 million in 2024.

Asia Pacific Massive IoT Market Analysis

According to Cognitive Market Research, the global Massive IoT market size was estimated at USD 72518.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 16679.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Massive IoT market size was valued at USD 7505.68 million in 2024 and is projected to grow at a CAGR of 24.7% during the forecast period. Massive IoT surged in China due to the adoption of advanced technologies.
• The Japan Massive IoT market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 2301.74 million in 2024.
• The India Massive IoT market had a market share of USD 2001.51 million in 2024 and is projected to grow at a CAGR of 27.0% during the forecast period. India's growing investment in smart cities.
• The South Korean Massive IoT market is projected to witness growth at a CAGR of 24.3% during the forecast period, with a market size of USD 1667.93 million in 2024.
• The Australian Massive IoT market is projected to witness growth at a CAGR of 24.9% during the forecast period, with a market size of USD 867.32 million in 2024.
• The South East Asia Massive IoT market is projected to witness growth at a CAGR of 26.2% during the forecast period, with a market size of USD 1150.87 million in 2024.
• The Rest of Asia Pacific Massive IoT market is projected to witness growth at a CAGR of 25.0% during the forecast period, with a market size of USD 1184.23 million in 2024.

South America Massive IoT Market Analysis

According to Cognitive Market Research, the global Massive IoT market size was estimated at USD 72518.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 3625.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Massive IoT market size was valued at USD 1551.90 million in 2024 and is projected to grow at a CAGR of 23.2% during the forecast period. Massive IoT flourished in Brazil due to product innovation.
• Argentina's Massive IoT market had a market share of USD 609.16 million in 2024 and is projected to grow at a CAGR of 23.5% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia Massive IoT market is projected to witness growth at a CAGR of 22.4% during the forecast period, with a market size of USD 322.71 million in 2024.
• Peru Massive IoT market is projected to witness growth at a CAGR of 22.8% during the forecast period, with a market size of USD 297.33 million in 2024.
• Chile Massive IoT market is projected to witness growth at a CAGR of 22.9% during the forecast period, with a market size of USD 261.07 million in 2024.
• The Rest of Latin America's Massive IoT market is projected to witness growth at a CAGR of 21.7% during the forecast period, with a market size of USD 583.77 million in 2024.

Middle East Massive IoT Market Analysis

According to Cognitive Market Research, the global Massive IoT market size was estimated at USD 72518.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1450.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031..

• The GCC Countries Massive IoT market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 620.76 million in 2024. Massive IoT sales flourish due to the presence of major market players.
• The Egypt Massive IoT market is projected to witness growth at a CAGR of 23.2% during the forecast period, with a market size of USD 152.29 million in 2024.
• The South Africa Massive IoT market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 229.16 million in 2024. Massive IoT sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey Massive IoT market is projected to witness growth at a CAGR of 22.4% during the forecast period, with a market size of USD 124.73 million in 2024.
• The Nigeria Massive IoT market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 152.29 million in 2024.
• The Rest of MEA Massive IoT market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 171.14 million in 2024.

Massive IoT Market Analysis

Massive IoT Market Offering Segment Analysis

According to Cognitive Market Research, Hardware stands out as the dominant category over the projected period. The cost of IoT hardware has decreased as a result of improvements in semiconductor technologies and manufacturing techniques. Because of the lower cost and increased energy and performance efficiency, IoT hardware is becoming more widely available, which is encouraging adoption and, in turn, increasing revenue.

Services emerge as the fastest-growing category in the Massive IoT market. The market's services segment is propelled by the need for increased operational effectiveness, lower costs, and higher safety regulations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Massive IoT Industry. Request a Free Sample PDF!

Massive IoT Market Connectivity Segment Analysis

According to Cognitive Market Research, the dominant category is LPWAN. The LPWAN segment is growing due to its wide applications including smart cities, agriculture, industrial IoT and others. Applications for smart cities, such as intelligent lighting, trash management, parking control, and environmental monitoring, frequently make use of LPWAN technologies. The success of smart city projects depends on the ability to link a large number of devices over a big area with low power consumption.

The fastest-growing category in the Massive IoT market is 5G. The segment expansion is attributable to the increasing investment in 5G technology across the globe. The ability to connect more devices simultaneously without compromising performance will drive the deployment of large-scale IoT networks, leading to increased demand for IoT devices, sensors, and related infrastructure, thus boosting revenue.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Massive IoT Application Segment Analysis

According to Cognitive Market Research, the dominant category is Asset Tracking And Fleet Management. To avoid loss, maximize usage, and make educated decisions, businesses look for up-to-date information about their assets. Asset tracking becomes possible with the use of Internet of Things technologies like RFID and GPS. Asset tracking systems also lower operating costs by increasing asset usage, decreasing downtime, and simplifying maintenance procedures.

The fastest-growing category in the Massive IoT market is Smart Buildings. IoT technology is used by smart buildings to better monitor and control energy use, which lowers utility costs significantly. Energy management programs, HVAC systems, and smart lighting all help to reduce energy costs and increase efficiency.

• Asset Tracking And Fleet Management
• Industrial IoT
• Smart Buildings
• Smart Retail
• Smart Cities
• Smart Healthcare
• Other

Massive IoT Organization Size Segment Analysis

According to Cognitive Market Research, the dominant category is Large Enterprises. IoT is used by large businesses to automate procedures, improve operations, and save expenses. Improved efficiency is the result of real-time monitoring, predictive maintenance, and effective resource management made possible by IoT systems.

The fastest-growing category in the Massive IoT market is Small and Medium Sized Enterprises. IoT is becoming more affordable for SMEs thanks to the decrease in the cost of sensors, devices, and connections. SMEs can now adopt technologies that were previously exclusive to larger corporations because of affordable IoT solutions.

• Large Enterprises
• Small and Medium Sized Enterprises

Massive IoT Industry Vertical Segment Analysis

Massive IoT Market Industry Vertical Segment Analysis

According to Cognitive Market Research, the dominant category is Retail and E-Commerce. The growth of omnichannel retailing—where customers can easily shop across many channels, including online, in-store, and mobile—is largely due to the Internet of Things. By facilitating the integration of many channels, IoT technologies offer a trustworthy and customized purchasing experience.

The fastest-growing category in the Massive IoT market is Transportation and Logistics. IoT enables real-time monitoring and automation of various logistics processes, leading to increased efficiency, reduced operational costs, and faster delivery times, thereby driving segment expansion.

• Retail and E-Commerce
• Energy and Utility
• Healthcare
• Transportation and Logistics
• IT and Telecom
• Manufacturing
• Travel & Hospitality
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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