IoT Edge Devices Market size was valued at USD 18.6 Billion in 2024 and is projected to reach USD 65.7 Billion by 2033, exhibiting a CAGR of 15.3% from 2026 to 2033.
The global IoT edge devices market has experienced significant growth, driven by the increasing adoption of Internet of Things (IoT) technologies across various industries. In 2022, the global edge computing market, which encompasses IoT edge devices, was valued at approximately USD 18.3 billion and is projected to reach USD 112 billion by 2031, reflecting a compound annual growth rate (CAGR) of 44.7% during the forecast period. This surge is attributed to the escalating demand for real time data processing and analytics at the edge, reducing latency and enhancing operational efficiency across sectors such as manufacturing, healthcare, and automotive. Regionally, North America held a dominant position in the IoT edge devices market in 2022, fueled by the early adoption of advanced technologies and substantial investments in IoT infrastructure. The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, with a CAGR of 27.5% from 2022 to 2027, driven by rapid digital transformation, increasing internet penetration, and supportive government initiatives promoting smart city projects. Europe also represents a significant market share, with countries like Germany, the UK, and France investing heavily in IoT solutions to drive industrial automation and smart manufacturing. The Middle East and Africa, along with Latin America, are gradually emerging as potential markets, propelled by the growing awareness of IoT benefits and the expansion of telecommunication networks facilitating IoT deployments.
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Microsoft
Intel
Amazon
Dell EMC
HPE
Qualcomm
FUJITSU
Cisco
NXP
Huawei
Advantech
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IoT Edge Devices Market
Edge Gateways
Edge Sensors
Edge Analytics Devices
Edge Servers
Wi-Fi
Bluetooth
Cellular
LPWAN (Low Power Wide Area Network)
Ethernet
Smart Cities
Industrial Automation
Healthcare
Transportation and Logistics
Energy and Utilities
Manufacturing
Retail
Telecommunications
Agriculture
Healthcare
On-Premises
Cloud-Based
Hybrid
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IoT Edge Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IoT Edge Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Edge Devices Market, By Type
6. Global IoT Edge Devices Market, By Application
7. Global IoT Edge Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IoT Edge Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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