Top Internet of Things (IoT) Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Internet of Things (IoT) Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Internet of Things (IoT) industry players.

Internet of Things (IoT) Market Competitive Landscape

The Internet of Things (IoT) sector has been expanding rapidly across the globe to meet the growing needs of individuals and organizations for automation. This market is likely expanding further with improvements in cloud computing infrastructure and adoption of big data that people already use for managing their data efficiently. The results are dramatically improved IoT applications that couple artificial intelligence (AI) and machine learning (ML) for smart analytics and real-time decision making. Additionally, by continued governmental investment in creating smart cities and deploying worldwide 5G networks, future developments in IoT are ensured. The primary trends and driving forces concerning the market are presented in this page.

Industry Overview

According to SkyQuest Technology “Internet of Things (IoT) Market By Component (Hardware and Software & Services) By Deployment (Cloud and On-Premises), By Organization Size (Large Enterprises and SMEs), By Platform, By Technology, By Industry Vertical, By Region - Industry Forecast 2025-2032,” the portion of small and medium-sized enterprises (SMEs) is seeing the fastest growth within the market. More entrepreneurs are using IoT solutions to run their business more efficiently, reduce their costs, and enable themselves to compete more effectively as IoT technologies are becoming less expensive and more available.

Top 10 Global Internet of Things (IoT) Companies

Company

Est. Year

Headquarters

Revenue

Key Services

Cisco Systems, Inc.

1984

San Jose, California, USA

USD 13.6 billion (2024)

Networking hardware and software (routers, switches, wireless), cybersecurity, collaboration & services for enterprises; cloud-managed network infrastructure and observability tools.

Google (Alphabet, Inc.)

1998

Mountain View, California, USA

USD 350 billion (2024)

Search & advertising platforms, YouTube, cloud services including Google Cloud; AI & infrastructure (data centers, machine learning platforms) and consumer services (Android, Play Store, devices)

IBM Corporation

1911

Armonk, New York, USA

USD 62.753 billion (2024)

Hybrid cloud infrastructure, AI and data platforms (Watson, etc.), consulting services; hardware, mainframes, software, and enterprise infrastructure modernization.

Microsoft Corporation

1975

Redmond, Washington, USA

USD 245.122 billion (2024)

Cloud & server infrastructure (Azure), productivity and business applications (Office & Microsoft 365), Windows & devices, gaming, LinkedIn, enterprise software services.

Huawei Technologies Co., Ltd.

1987

Shenzhen, Guangdong, China

USD 118.2 billion (2024)

Telecommunications equipment & infrastructure (5G/ICT), consumer devices (smartphones, etc.), cloud computing, digital energy solutions and intelligent automotive solutions.

Siemens AG

1847

Munich / Berlin, Germany

USD 82.0 billion (2024)

Industrial automation and digitalization (factory automation, PLCs, motion control), infrastructure & energy systems (smart grids, building tech, mobility).

PTC, Inc.

1985

Boston, Massachusetts, USA

USD 2.30 billion (2024)

Product lifecycle management (PLM), CAD & digital engineering software; IoT & augmented reality platforms (ThingWorx, Vuforia).

Robert Bosch GmbH

1886

Gerlingen / Stuttgart, Germany

USD 97.5 billion (2024)

Mobility & automotive components (sensors, powertrain, ADAS), consumer goods & home appliances; industrial technology and energy / building solutions.

Honeywell International Inc.

1906 (Honeywell Heating Specialty Co.)

Charlotte, North Carolina, USA

USD 36.5–38.5 billion in 2024 (reported ~5 % growth) (2024)

Aerospace & defense systems (avionics, engines, control systems), industrial automation, building technologies, process control & safety systems.

Oracle Corporation

1977

Austin, Texas, USA

USD 53.0 billion (2024)

Cloud infrastructure & SaaS (ERP, HCM, database as a service), enterprise software & middleware, data management, AI/analytics services.

1. Cisco Systems, Inc.

Cisco is a company that makes digital connections, networking, and cyber securities. Established in 1984 and headquartered in San Jose, California, the company significantly impacts the Internet of Things (IoT) sector. This can be seen through its offerings in edge computing, data management, and secure, scalable network infrastructure. Some of the IoT offerings from Cisco include industrial networking, smart city connectivity, and cloud-managed platforms that enable real-time analytics and automation. Cisco also enables digital transformation in industries such as manufacturing, logistics, and energy through developing innovative use cases of AI for observability and the industrial Internet of things.

2. Google (Alphabet Inc.)

Mountain View, California, is where Google's headquarters is located, and it was founded in 1998. Moreover, the company has extensive facilities for cloud computing, artificial intelligence, and the analysis of data and thus plays a vital role within the IoT arena. In addition, Google Cloud IoT Core and edge AI services allow industries to connect IoT devices, analyze them, and manage them in a secure way. With the synergy of IoT, the business supports increased productivity and predictive insight through machine learning with data visualization. Moreover, the company is also a consumer IoT leader with its popular lines, Nest and Android Things, aiding connected devices, smart homes, and environmentally friendly energy management.

3. IBM Corporation

Founded in 1911, IBM is also a technological giant that is multinational in nature and has its headquarters in Armonk, New York. These platforms, from AI to hybrid cloud, are set to transform IoT. The Watson IoT solutions are applied across industries, including manufacturing, automotive, and health care, to allow data-driven decision making. Moreover, the company also connects the devices and streamlines the operations leading to an overall increased productivity with predictive maintenance and real-time data. The feature of-edge computing attached with AI over IoT further enhances and completes automation and sustainability for the world and aids in intelligent asset management and digital revolutionization of industrial operations.

4. Microsoft Corporation

It is pivotal in the IoT revolution with Azure IoT. The corporate office is in Redmond, Washington, and the company was established in 1975. Azure IoT is the solution enabling edge-and-cloud associated developments that expand with your business and provide secure device management, unified monitoring, and connectivity. The platform works with manufacturers, energy providers, health service providers, and retailers, among others, powered in part by AI insights and predictive analytics. Combining IoT with AI, 5G, and digital twins, Microsoft optimizes efficiency, externalizes costs through reliable supply chain partners and enables experimentation for innovation. Its IoT network allows enterprises across the globe to intelligently automate their routines backed by data and become more sustainable.

5. Huawei Technologies Company, Ltd.

Smart connectivity and ICT infrastructure are Huawei's forte in the global arena. Shenzhen, China, is its operational headquarters and was founded in 1987. The company's state-of-the-art 5G networks, cloud computing platforms, and AI-powered IoT solutions offer the unique capability to reach the IoT market. The OceanConnect IoT platform from Huawei provides connected cars, smart cities, and industrial automation solutions driven by edge intelligence and data analytics. Huawei's revolutionary solutions in smart energy, agriculture, and transportation create the impetus for the transformation of the digital economy and improve the communications between devices and industries, creating a groundswell level of IoT adoption across the globe.

6. Siemens AG

Leading well-known industrial technological company Siemens remains at the forefront of automation with digitization. Founded in 1847, the company's head offices are in Berlin and Munich in Germany. MindSphere and Siemens Xcelerator-enable IoT ecosystems connected to digital intelligence tied to physical assets. Their functionalities include energy optimization and predictive maintenance, along with smart manufacturing. Siemens promotes industrial IoT (IIoT) development through integrated hardware, software, and cloud platforms that enhance operational efficiency. Thus, Siemens has much to provide on a global scale in the sustainability and self-sufficiency of the industrial environment. They possess extended goings-on in energy systems, mobility, and intelligent buildings.

7. PTC, Inc.

PTC is one of the delta-leading IoT and digital transformation software vendors, established in 1985, with headquarters in Boston, Massachusetts.  The ThingWorx platform of the company empowers connectivity, analysis, and application development for machine usage cases applied in the industrial Internet of things. Predictive understanding and spot status monitoring assist manufacturers and service providers with better ways to accomplish management in business.  PTC adds to the digital twins CAD/PLM tools, enhanced with the potentiality of augmented reality (Vuforia).  PTC's IoT technologies transform innovative ideas into engineering and industrial applications, asset, and smart manufacturing optimization.

8. Robert Bosch GmbH

Bosch, along with industries, is the world's largest IoT-influencing company in engineering and technology.  The industries were started back in 1886 at headquarters in Gerlingen, Germany.  The Bosch IoT Suite provides access to millions of devices through cloud-based and edge-computing services.  Building automation, energy management, and manufacturing are linked through these applications from industry, mobility, and intelligent home applications.  Bosch uses sensors, artificial intelligence, and software to make it one of the world's leaders in connected mobility and smart city initiatives that make digital ecosystems safer, more effective, and environmentally friendly.

9. Honeywell International Inc.

Industrial, aircraft, and constructions technologies were all consolidated by Honeywell in 1906; it has its headquarters in Charlotte, North Carolina.  The company's IoT-based services provide operational intelligence and preventive maintenance by connecting sensors, control systems, and analytic platforms.  Honeywell's Forge platform, based on data, integrates corporate assets to enhance performance.  Smart factories, energy saving, and connected safety are just some examples of applications within industrial IoT.  The mission of modernized IoT and AI linkage is to help industries go digital through the devices and technologies from Honeywell, hence inculcating better productivity, security, and a greener environment.

10. Oracle Corporation

Oracle is a reputable firm with a great deal of its enterprise software and cloud computing integrated with IoT features.  The Austin, Texas, base of the company dates to 1977.  The Oracle IoT cloud, fused with the Fusion Applications, enables real-time processing and analysis of data by linking smart devices to organizational systems.  Its IoT solutions cover logistics, asset-tracking, predictive maintenance, and intelligent manufacturing.  Oracle also links edge computing, AI, and machine learning into improving automation and decision-making.  Expands innovation and increases overall effectiveness of all IoT installations across the worldwide environment with the scalable, secure cloud environment.

Other Leading Global Internet of Things (IoT) Companies

  • SAP SE
  • AT&T Inc.
  • Ericsson
  • Qualcomm Technologies, Inc.
  • Advantech Co., Ltd.
  • Sierra Wireless (Semtech Corporation)
  • Quectel Wireless Solutions Co., Ltd.
  • Telit Cinterion
  • u-blox Holding AG
  • Amazon Web Services (AWS)

Conclusion

The global Internet of Things (IoT) market is growing at has significant pace due to new technologies, cloud computing capabilities, and the rising applications of edge computing and artificial intelligence (AI). The Iot ecosystem is being developed by some of the biggest Companies such ace Cisco, Microsoft, IBM, Siemens, and Huawei, to help connect devices, utilize operational efficiency, and perform data analysis in real-Time for organizations. They are changing the way energy, manufacturing, healthcare, and urban infrastructure work, and furthermore, it is a key aspect of the digital transformation effort worldwide. As connectivity increases along with 5G applications, the IoT will go on to be an important factor in developing smarter, more sustainable, and data-driven economies.

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FAQs

Global Internet of Things (IoT) Market size was valued at USD 1005.8 Billion in 2024 and is poised to grow from USD 1243.17 Billion in 2025 to USD 6771.39 Billion by 2033, growing at a CAGR of 23.6% in the forecast period (2026–2033).

The competitive landscape of the Internet of Things (IoT) industry remains dynamic and highly innovative, driven by both established technology giants and emerging specialized players. Leading companies like Microsoft, Amazon Web Services (AWS), and Cisco continue to expand their IoT platforms by integrating advanced AI, edge computing, and security features to offer comprehensive end-to-end solutions. 'Renesas', 'Vodafone', 'Linux Foundation', 'Cisco Systems, Inc.', 'IBM Corporation', 'Microsoft Corporation', 'Amazon Web Services (AWS)', 'Google (Alphabet Inc.)', 'Intel Corporation', 'Siemens AG', 'SAP SE', 'Oracle Corporation', 'Huawei Technologies Co., Ltd.', 'Qualcomm Technologies, Inc.', 'Bosch.IO GmbH'

The widespread use of smart devices in homes, industries, and cities is one of the primary drivers of Internet of Things (IoT) market growth. From smart thermostats and voice assistants to industrial sensors and connected medical equipment, there is a rising demand for real-time data exchange. Governments and businesses are investing heavily in building smart infrastructure to optimize energy use, traffic systems, and utilities, further boosting IoT deployments.

Rise of Edge Computing in IoT Ecosystems: As IoT deployments expand, the sheer volume of data generated is overwhelming traditional cloud infrastructures. Edge computing is emerging as a solution by bringing data processing closer to the data source. This reduces latency, enhances response times, and improves reliability for real-time applications. In 2024, several tech giants, including Microsoft and NVIDIA, advanced their edge AI capabilities, enabling IoT devices to make quick, intelligent decisions locally.

How is the Internet of Things (IoT) Market Developing in North America?

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