Report: Growth in IoT sensor market points toward strong momentum for DX What you’ll learn: - The IoT sensor market is set to have a compound annual growth rate of 37.6% to 2035. - The market is set to grow from around $24 billion in 2025 to $549 billion in 10 years. - Advancements in cloud computing, edge analytics, and AI are further enhancing the functionality and scalability of IoT sensor networks. As I blog from the beach while on a little working vacation, I ran across a report that seems to yield some pretty strong indications of the momentum of digital transformation: that the IoT sensor market is set to have an enormous compound annual growth rate of 37.6%. Remember that IoT is any network of physical objects embedded with sensors, software, and connectivity, allowing them to collect and exchange data for all sorts of purposes, including to feed AI-assisted services such as predictive maintenance. See also: For sweeter AI adoption, Hershey and KDP utilize Augmentir's connected worker platform Speaking of data: The data on the growth of the sensor market comes courtesy of an analysis put out last month from Global Market Insights, and it sees impressive dollar numbers behind the surge—to the tune of the 37.6% CAGR and from around $24 billion in 2025 to reach about $549 billion in 10 short years, by 2035. According to GMI, the IoT sensors market is witnessing exponential growth driven by the rapid acceleration of digital transformation across industries and the widespread integration of connected technologies. That’s all about Industry 4.0 adoption. GMI also notes that public infrastructure is driving the growth, that expanding smart projects are boosting sensor deployment across transportation, utilities, and public safety systems. “The growing use of predictive maintenance solutions is enabling enterprises to reduce operational