Australia Internet of Things Market 2029: Size, Forecast & Emerging Growth

Jul 31, 2025 - 11:50
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Industry Key Highlights

According to TechSci Research report, Australia Internet of Things Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, the Australia Internet of Things Market was valued at USD 12.63 Billion in 2023 and is expected to reach USD 22.98 Billion by 2029 with a CAGR of 10.27% during the forecast period.

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Australia’s strategic transition to a data-enabled economy is grounded in increasing smartphone usage, widespread broadband access, government-led smart city pilot projects, and industry digitization. Enterprises and public services alike are investing in connected devices, sensors, and analytics platforms to boost operational efficiency, reduce downtime, enhance customer engagement, and enable real-time decision-making.

Emerging Trends In Australia’s IoT Landscape

1. Smart Manufacturing & Industry 4.0

One of the most transformative use-cases is smart manufacturing. Australian factories are deploying sensors, connected machinery, and real‑time monitoring systems to enable predictive maintenance, energy optimization, and automated quality checks. This transition toward Industry 4.0 is enabling manufacturers to reduce equipment failures, improve throughput, and respond adaptively to demand fluctuations.

2. Precision Agriculture & Smart Farming

Agriculture in Australia is being revitalized through IoT adoption. Farmers are leveraging soil moisture sensors, weather stations, drone-based imaging, and livestock trackers—providing rich, real‑time data. This empowers decision-makers to optimize irrigation, fertilization, pest management, and crop harvesting—paving the way for higher crop yields and sustainable farming practices.

3. Healthcare & Remote Patient Monitoring

The healthcare industry is undergoing a revolution via wearable devices, telemedicine platforms, and remote monitoring solutions. IoT facilitates real-time health tracking, medication reminders, chronic care management, and early intervention for at-risk populations. These technologies not only improve patient outcomes but also reduce hospital admission rates and enable personalized care.

4. Retail Automation and Smart Logistics

IoT is transforming retail by enabling smart shelves, inventory tracking, customer behavior monitoring, and automated checkouts. Similarly, logistics providers are implementing connected fleet tracking, smart warehousing, and cold-chain monitoring—allowing enterprises to reduce losses, streamline delivery networks, and optimize customer fulfillment.

5. Smart Buildings & Connected Urban Infrastructure

Government-supported smart city and smart building projects are on the rise. IoT is being used to manage energy consumption, traffic flows, public safety, waste collection, and lighting systems—enabling cities like Sydney, Melbourne, and Brisbane to deliver services that are efficient, data driven, and citizen-centric.

Market Drivers Accelerating Growth

1. Digital Transformation across Sectors

Australia’s push toward digital excellence across government, healthcare, education, and finance has significantly raised the demand for connected technologies. IoT serves as the enabler—connecting physical assets to real-time data platforms that support agile decision-making and service innovation.

2. Rising Smartphone and IoT Penetration

With widespread mobile connectivity and devices surpassing 80% household penetration, Australia produces enormous volumes of data. Organizations must tap into this ecosystem via IoT systems to capture behavioral, operational, and environmental information for enhanced decision-making.

3. Focus on Operational Efficiency & Automation

Industries such as energy, mining, utilities, and manufacturing emphasize automation for reliability and cost reduction. IoT-powered analytics and remote monitoring help detect equipment performance issues early, automate routine tasks, and optimize energy usage at scale.

Major companies operating in the Australia Internet of Things Market are:

  • IBM Corporation
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • Intel Corporation
  • Siemens AG
  • General Electric Company
  • Oracle Corporation
  • SAP SE
  • Honeywell International Inc.
  • Schneider Electric SE

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Competitive Strategies & Differentiators

  • End-to-end Platforms: Providers are bundling device hardware, software ecosystems, data analytics, and support services for seamless deployment.

  • Industrial Focus: Deep vertical-specific solutions—such as smart irrigation kits or manufacturing sensor arrays—help companies differentiate.

  • Strategic Alliances: Partnerships with telecom operators, city councils, and educational institutions accelerate pilot deployments and proof-of-concepts.

  • AI & Edge Analytics: Platforms that support machine learning at the network’s edge reduce latency and improve resilience.

  • Security & Compliance: Certifications and standards (e.g. ISO, IEC) along with encrypted communication and secure firmware updates are providing trust and safety assurances.

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