IoT Hardware Market to Surpass US$426.2 Billion by 2030, Fueled by Edge Intelligence, AI Modules, and Industrial Automation
According to this new global market research report published by TechMarket Experts (a unit of Industry Experts, Inc.), the globalInternet of Things (IoT) Hardware Market is expected to expand from US$262 billion in 2024 to over US$426.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.4%. The growth is fueled by the accelerated deployment of edge-intelligent devices, AI-powered modules, and secure, application-specific hardware across manufacturing, utilities, transportation, and healthcare sectors. IoT hardware, comprising smart sensors, secure microcontrollers, edge servers, and embedded modules, plays a foundational role in enabling real-time data capture and analytics. As the demand for localized decision-making and latency-sensitive applications rises, industries are moving toward edge-native computing architectures. At the same time, SMEs are emerging as a key growth engine, adopting affordable, plug-and-play IoT devices for smart farming, remote as...