IoT Software Market to Surpass US$466 Billion by 2030, Driven by Edge Intelligence and Platform-Centric Growth

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TechMarket Experts, a unit of Industry Experts, Inc., has introduced a new study, "Internet of Things (IoT) Software - A Global Market Overview," estimating that worldwide IoT software revenues will grow from over US$208 billion in 2024 to exceed US$466 billion by 2030, registering a CAGR of 14.3% during the forecast period. Growth is being driven by the accelerating convergence of connected devices, cloud-native platforms, and real-time data intelligence, as enterprises and governments expand IoT initiatives from device connectivity toward scalable platforms enabling lifecycle management, AI-driven analytics, and secure edge-cloud orchestration.

North America led the global IoT Software market in 2024 with 34% share of total revenue, supported by strong enterprise digital transformation, early adoption of cloud-native IoT, and deep penetration in healthcare, energy, and smart infrastructure. Asia-Pacific is forecast to be the fastest-growing region, posting a robust CAGR of 17.9% between 2024 and 2030, driven by large-scale deployments in China, India, and Southeast Asia, as well as national investments in digital infrastructure and connected public services.

By software type, IoT Platforms formed the largest segment in 2024 at US$73.4 billion, reflecting their critical role in device management, data orchestration, and IT/OT integration. Security Software is projected to grow the fastest at a 16.4% CAGR, fueled by rising IoT-specific cyber threats, compliance mandates, and embedded security requirements across healthcare, energy, and industrial sectors.

The report segments the market by Software Type (IoT Platforms, Analytics Software, Application Software, Security Software, Other Software Types), Application (Predictive Maintenance, Smart Metering, Asset Tracking, Remote Monitoring, Smart Buildings, Smart Cities, Other Applications), Company Type (Large Enterprises, SMEs), and Industry Sector (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Public Sector, Energy & Utilities, Other End-Uses) across five global regions and 29 countries. It also profiles over 25 companies including AWS, Microsoft, Siemens, IBM, Cisco, PTC, SAP, Schneider Electric, Oracle, Ayla Networks, Losant, ClearBlade, and Kaa IoT.

For sample pages or purchase options, contact +1-320-497-3787 or visit Internet of Things (IoT) Software Market Report

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT enabled services industries. We provide the reliable insights you need to unlock your tech growth and power your strategic decisions in today's dynamic IT landscape. For more information, contact us on +1-320-497-3787 or visit https://techmarketexperts.com/.

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