State Of Enterprise Iot 2026: The Shift From IoT To Autonomous Connected Operation
IoT Analytics, Wednesday, February 4th, 2026
IoT and enterprise IoT markets continue to grow. The enterprise IoT market grew 13% year-over-year (YoY) in 2025 to $324B, according to IoT Analytics' 124-page State of Enterprise IoT 2026 report (published January 2026).
For 2026, the team projects 14% growth, driven by AI technologies and countries like India and China. The total number of connected IoT devices in the same timeframe also grew 13% YoY to 21.1 billion by the end of 2025, 45% of which were enterprise connections.
Key executive quote on IoT market successes
"Across IoT, the increasing importance of AI, high-performance, low-power computing and connectivity validated by our 22% YoY revenue growth in fiscal '25 reinforces our confidence in achieving our $14 billion revenue target." -- Akash Palkhiwala, CFO, Qualcomm, November 5, 2025