The global IoT as a Service market size is predicted to grow from US$ 138380 million in 2025 to US$ 205890 million in 2031; it is expected to grow at a CAGR of 6.8% from 2025 to 2031.

According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of Chinas data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

LPI (LP Information) newest research report, the ?IoT as a Service Industry Forecast? looks at past sales and reviews total world IoT as a Service sales in 2024, providing a comprehensive analysis by region and market sector of projected IoT as a Service sales for 2025 through 2031. With IoT as a Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT as a Service industry.

This Insight Report provides a comprehensive analysis of the global IoT as a Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IoT as a Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global IoT as a Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT as a Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT as a Service.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT as a Service market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Device Software
    Connectivity and Control Service
    Analytics Service

Segmentation by Application:

    Industrial
    Retailing
    Medical Care
    Automobile
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    PTC
    Cisco
    Microsoft
    Google
    IBM
    Intel
    SAP
    Oracle
    Amazon
    Telit
    General Electric
    Gemalto