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