Consumer IoT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Consumer IoT Market Growth & Forecast and it is segmented by Type (Hardware, Solutions, Services), Application (Home Automation, Consumer Wearables, Consumer electronics, Healthcare, Automotive), and Geography. The market size and forecasts are provided in terms of value (USD) for all the above segments.

Consumer IoT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Consumer Internet of Things (IoT) Market Size

Consumer IoT Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 150.91 Billion
Market Size (2030) USD 223.48 Billion
CAGR (2025 - 2030) 8.17 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Consumer IoT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Consumer IoT Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Consumer Internet of Things (IoT) Market Analysis

The Consumer IoT Market size is estimated at USD 150.91 billion in 2025, and is expected to reach USD 223.48 billion by 2030, at a CAGR of 8.17% during the forecast period (2025-2030).

  • Iot is the base of digital transformation worldwide, helping to transform many consumer, industrial, government, and defense applications. Even though IT spending fell in 2022, it is expected to grow in 2023. IoT will drive this IT expenditure with approximately 19% growth in 2023, as mentioned in a report by IoT Analytics. IoT deployment helps overcome labor shortages and could speed up digital transformation initiatives.
  • Integrating 5G and IoT can promote many sustainability use cases in various industries. 83% of organizations have improved their efficiency by introducing IoT technology. For instance, with IoT applications in Water Industry, the utility company can recognize, monitor, manage, and monetize water distribution effectively in regions impacted by water scarcity. Smart Water solutions
  • IoT is changing the healthcare industry with innovations like robot surgeons and smart hospitals, which take patient care to the next level. IoT devices that use sensor data help in health condition monitoring, early diagnosis, in-patient treatment, and more. For instance, Apple Smartwatch, which works on an IoT platform, is integrated with Fall Detection System and Emergency Call services that help save lives on time.
  • The COVID-19 outbreak changed the perspective of consumers toward IoT. The introduction of IoT robots is catching demand in sectors like household, retail, manufacturing, healthcare, and others. For instance, Skilancer Solar, a clean-tech firm, developed a waterless robot for cleaning small-scale solar power plants on household rooftops. These robots will help to clean the panels as per requirement, without any human involvement.
  • IoT may bring convenience and improve the productive time of daily tasks, but the implementation of it is pretty expensive, so there is slow adoption of this technology. The high cost involved in developing and maintaining these IoT devices restrains the market growth.

Consumer Internet of Things (IoT) Industry Overview

The Consumer IoT market is highly fragmented with huge potential and is turning to the next level with significant investments in AI, machine learning, big data, and 5G technology. IoT simplifies lives, and people buy gadgets to regulate and monitor their way of living. Some significant players offering their services in this sector include Microsoft Corporation, Apple Inc, Sony Corporation, IBM, Intel, and so on. These IoT leaders invest in new product developments and collaborations to expand their footprints across different industries and geographies.

In February 2023, Taoglas and Westbase.io, the IoT distributor, collaborated to provide innovative 4G/5G and IoT solutions to its customers in European Region. The partnership will offer clients reliable and high-performance solutions across construction, logistics, emergency services, smart cities, connected health, and other demanding applications. The highly-sophisticated antennas from Taoglas will deliver the most advanced RF and antenna technologies to the industrial clients with Westbase's network.

In November 2022, Switzerland-based IoT company, Loriot, signed a contract with Disrupt-X, a UAE-based IoT platform, to promote IoT dissemination in Europe and other geographies. The companies will invest in developing smart solutions that deliver innovative IoT products and services designed for the industrial, commercial, and residential sectors. They also plan to offer local Network Servers for their clients in the European region. Further, Disrupt-X will introduce a dashboard to access LORIOT Network Servers directly from its IoT Platform.

Consumer Internet of Things (IoT) Market Leaders

  1. Intel Corporation

  2. Microsoft Corporation

  3. Sony Corporation

  4. Apple Inc.

  5. IBM Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Consumer IoT Market Concentration
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Consumer Internet of Things (IoT) Market News

  • March 2023: Skylo Technologies, Non-Terrestrial Network (NTN) service operator, and Monogoto, the Cloud-based cellular network provider, signed an agreement to provide an affordable and accessible solution for NB-IoT Satellite connectivity for asset tracking products. Integrating the same hardware for both terrestrial and satellite communication will help expand connectivity to areas that were earlier not accessible, and regular software updates will be provided due to the throughput of the terrestrial networks.
  • December 2022: Alliot Technologies and Vodafone UK partnered to provide NB-IoT connectivity throughout the UK. Vodafone's Network will significantly boost Alliot's offering with scale, innovation, and efficiency. Through this partnership, Alliot will invest in the latest technology to ensure an excellent experience for its customers. This will establish them as the UK's only NB-IoT connectivity provider.

Consumer Internet of Things (IoT) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of COVID-19 on the Consumer IoT Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Adoption of Connected Devices and Technology Proliferation Among Consumers
    • 5.1.2 Impact of 5G and Increased Cellular Networks
    • 5.1.3 Increasing home automation is expected to flourish the market
  • 5.2 Market Challenges
    • 5.2.1 Government Regulations, Security and Privacy of Data and Interoperability Concerns

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Hardware (Components, such as Processors, Sensors, Gateways, Controllers, and Switches)
    • 6.1.2 Solutions (Independent Software and Integrated Platforms)
    • 6.1.3 Services (Device Lifecycle Management, Remote Monitoring, and implementation Services)
  • 6.2 By Application
    • 6.2.1 Home Automation (Smart Thermostats, Meters, Locks, etc.)
    • 6.2.2 Consumer Wearables (Smart Watches, Glasses, Fitness Trackers, etc.)
    • 6.2.3 Consumer Electronics (Smart TV and Other Connected White Goods)
    • 6.2.4 Healthcare (Medical-grade Devices and Wearables, Platforms, etc.)
    • 6.2.5 Automotive (Infotainment System, Connected Cars, etc.)
  • 6.3 Geography
    • 6.3.1 North America
    • 6.3.1.1 United States
    • 6.3.1.2 Canada
    • 6.3.2 Europe
    • 6.3.2.1 Germany
    • 6.3.2.2 UK
    • 6.3.2.3 France
    • 6.3.2.4 Spain
    • 6.3.2.5 Rest of Europe
    • 6.3.3 Asia-Pacific
    • 6.3.3.1 China
    • 6.3.3.2 Japan
    • 6.3.3.3 India
    • 6.3.3.4 Australia
    • 6.3.3.5 Rest of Aisa-Pacific
    • 6.3.4 Latin America
    • 6.3.4.1 Brazil
    • 6.3.4.2 Mexico
    • 6.3.4.3 Argentina
    • 6.3.4.4 Rest of Latin America
    • 6.3.5 Middle East and Africa
    • 6.3.5.1 UAE
    • 6.3.5.2 Saudi Arabia
    • 6.3.5.3 South Africa
    • 6.3.5.4 Rest of MEA

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 AT&T Inc.
    • 7.1.2 Microsoft Corporation
    • 7.1.3 Sony Corporation
    • 7.1.4 Apple Inc.
    • 7.1.5 LG Electronics
    • 7.1.6 Alphabet Inc.
    • 7.1.7 Hewlett Packard Enterprise (HPE)
    • 7.1.8 Honeywell International Inc.
    • 7.1.9 Cisco Systems Inc.
    • 7.1.10 Intel Corporation
    • 7.1.11 IBM Corporation
    • 7.1.12 Schneider Electric SE
    • 7.1.13 Symantec Corporation
    • 7.1.14 Qorvo Inc.

8. INVESTMENT ANALYSIS

9. FUTURE OF THE GLOBAL CONSUMER IOT MARKET

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Consumer Internet of Things (IoT) Industry Segmentation

Any person leveraging IoT to improve daily lives other than enterprises is counted in the Consumer IoT Market. Connected devices designed for the consumer market, like smart wearables, smartphones, smart homes, etc., that collect and share data through an internet connection are the main components of this Consumer IoT Market. Consumer IoT applications are becoming more effective and user-friendly due to the quickly expanding computational capabilities.

The Consumer IoT Market is segmented by Type (Hardware, Solutions, Services), Application (Home Automation, Consumer Wearables, Consumer electronics, Healthcare, Automotive), and Geography.

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type Hardware (Components, such as Processors, Sensors, Gateways, Controllers, and Switches)
Solutions (Independent Software and Integrated Platforms)
Services (Device Lifecycle Management, Remote Monitoring, and implementation Services)
By Application Home Automation (Smart Thermostats, Meters, Locks, etc.)
Consumer Wearables (Smart Watches, Glasses, Fitness Trackers, etc.)
Consumer Electronics (Smart TV and Other Connected White Goods)
Healthcare (Medical-grade Devices and Wearables, Platforms, etc.)
Automotive (Infotainment System, Connected Cars, etc.)
Geography North America United States
Canada
Europe Germany
UK
France
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Aisa-Pacific
Latin America Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa UAE
Saudi Arabia
South Africa
Rest of MEA
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Consumer Internet of Things (IoT) Market Research FAQs

How big is the Consumer IoT Market?

The Consumer IoT Market size is expected to reach USD 150.91 billion in 2025 and grow at a CAGR of 8.17% to reach USD 223.48 billion by 2030.

What is the current Consumer IoT Market size?

In 2025, the Consumer IoT Market size is expected to reach USD 150.91 billion.

Who are the key players in Consumer IoT Market?

Intel Corporation, Microsoft Corporation, Sony Corporation, Apple Inc. and IBM Corporation are the major companies operating in the Consumer IoT Market.

Which is the fastest growing region in Consumer IoT Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Consumer IoT Market?

In 2025, the North America accounts for the largest market share in Consumer IoT Market.

What years does this Consumer IoT Market cover, and what was the market size in 2024?

In 2024, the Consumer IoT Market size was estimated at USD 138.58 billion. The report covers the Consumer IoT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Consumer IoT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Consumer IoT Industry Report

Statistics for the 2025 Consumer IoT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Consumer IoT analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.