Global Consumer Iot Market Size & Outlook, 2025-2033
Global consumer iot market, 2021-2033 (US$M)
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Global consumer iot market highlights
- The global consumer iot market generated a revenue of USD 264,138.0 million in 2024 and is expected to reach USD 752,963.2 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 12.6% by 2033.
- In terms of segment, hardware accounted for a revenue of USD 112,980.8 million in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 264,138.0 million |
| Market revenue in 2033 | USD 752,963.2 million |
| Growth rate | 12.6% (CAGR from 2025 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 25.3% of the global consumer iot market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 16,557.6 million by 2033.
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Consumer IoT Market Scope
Consumer IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Global consumer iot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer iot market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.77% in 2024. Horizon Databook has segmented the Global consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Consumer IoT Component Outlook (Revenue, USD Million, 2021-2033)
- Hardware
- Processor
- Sensors
- Accelerometers
- Temperature
- ECG
- Camera Modules
- Inertial Measurement Unit
- Humidity
- Light
- Others (Magnetic, Motion & Position, etc.)
- Pressure
- Memory Devices
- Logic Devices
- Software
- Network Management
- Real-time Streaming Management
- Data Management
- Others (Application Management, Device Management)
- Security
- Remote Monitoring
- Services
- Professional Services
- Implementation Services
- Consulting Services
- Support & Maintenance
- Managed Services
- Professional Services
- Hardware
- Global Consumer IoT Connectivity Technology Outlook (Revenue, USD Million, 2021-2033)
- Wired
- Wireless
- Bluetooth
- Others (BLE, WLAN, GNSS)
- Zigbee
- Wi-Fi
- NFC
- ANT+
- Global Consumer IoT Application Outlook (Revenue, USD Million, 2021-2033)
- Consumer Electronics
- Washing Machine
- Dishwasher
- TV
- Lighting
- Others (Dryer, Oven, Cooktop, Kettle, etc.)
- Healthcare
- Pulse Oximeter
- Blood Pressure Monitor
- Blood Glucose Meter
- Others (Programmable Syringe Pump, Fall Detector, etc.)
- Fitness & Heartrate Monitor
- Wearable Devices
- Smart Watch
- Others (AI Hearing Aids, VR Headsets, etc.)
- Smart Glasses
- Body-worn Cameras
- Fitness Tracker
- Automotive
- Connected Cars
- In-car Infotainment
- Traffic Management
- Consumer Electronics
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Target buyers of Global consumer iot market databook
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Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global consumer iot market , including forecasts for subscribers. This global databook contains high-level insights into Global consumer iot market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global consumer iot market size, by regions, 2021-2033 (US$M)
Top 10 countries: Consumer iot market size, 2024 (US$M)
Global consumer iot market share, by component, 2024 & 2033 (%, US$M)
Consumer iot market: Opportunity assessment by country
Global consumer iot market, by region, 2024 (US$M)
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