In this digital world, businesses constantly seek innovative ways to invest in tech. The Internet of Things (IoT) is transforming many industries, giving rise to a range of exciting IoT business Ideas. Many individuals turn to start their startup in IoT-based products and services. The IoT tech solutions allow business owners and employees to connect and operate remotely.
According to research reports, the global IoT market size will surpass 621 billion by 2030. In the upcoming few years, we’ll see advanced IoT innovations. For example, IoT solutions play a major role in the healthcare sector, as well as autonomous vehicles, smart farming systems, drones, robotics, and more.
In this blog, we’ll uncover the top IoT business ideas for 2025 in the tech industry and the annual growth rate of the IoT market in upcoming years. So, Let’s get started!
The Expanding Landscape Of IoT
IoT will transform how companies do business. Research shows that many manufacturing companies have started using IoT products and services to increase productivity and efficiency. According to a research report, the IoT market is expected to reach US$947.50 bn by 2024 worldwide. We can predict that the potential of the IoT industry is limitless.
Research suggests that the IoT market is expected to grow at an annual growth rate of 10.49% (CAGR 2024-2029), resulting in an exceptional market volume of US$1,560bn by 2029. So, the Internet of Things is a rapidly growing field with many opportunities for business enthusiasts. The IoT sector will provide opportunities for entrepreneurs looking to start technical businesses and will undoubtedly assist many individuals in finding employment.
Top IoT Business Ideas For 2025 In The Tech Industry
Due to the rapid development and growth of global digitalization, the Internet of Things will impact more and more niches and continue to progress actively. This section will discuss top IoT business ideas in the tech industry.
Iot Technology In Agriculture
According to a research report, the smart framing market share is expected to cross $28.56 billion by 2030. Reports suggest that IoT technology will transform traditional farming methods in the upcoming few years. IoT-based smart farming systems aim to monitor and track various crop and soil parameters.
This helps farmers to automate various farming activities without human intervention. The agriculture sector needs smart products and services to help farmers to reduce the risk of low production and increase their profit. A few examples where IoT products and services can play a significant role in the agriculture sector are
- Greenhouse automation
- Smart irrigation systems
- Climate condition monitoring systems
- IoT-based drones to spray crops and lift heavy items.
- IoT-based cattle monitoring and management
IoT-Based Smart Parking System
Smart cities need smart parking, so the future of smart parking systems is limitless. The number of vehicles is increasing day by day. Most bikers and car owners often take many rounds of parking spaces to find the perfect space to park their cars.
Our parking spaces are limited; we can’t increase them beyond a specific number. So, the parking spaces need smart IoT-based devices for better traffic management and efficient use of parking lots. IoT-based smart parking systems can be used for a variety of applications, such as
- Parking space management and optimization
- Parking reservation
- Monitoring the movement of people and cars in a parking lot
- illegal parking detection and more
Liquid Level Monitoring System
This project aims to monitor the liquid level in the tanks and prevent them from overflowing. Such projects have a significant scope in the manufacturing industries that deal with many fluids. IoT technology helps control liquid levels remotely and detect pipeline leaks.
- IoT systems allow real-time tracking of liquid levels in the tanks
- Enables remote monitoring and control of water management resources.
- This project encourages both energy efficiency and responsible use of water.
IoT-Based Health Monitoring Systems
IoT technology plays an important in transforming healthcare services. IoT solutions can enhance the patient experience in hospitals and healthcare facilities. IoT devices can be used to monitor vital signs in patients remotely. The market size of IoT-based healthcare solutions is increasing day by day. IoT-based healthcare solutions have the following applications.
- IoT-based healthcare solutions are used to track fitness levels and monitor heart rate.
- Devices like connected inhalers, bed sensors, and smart IV pumps are used in hospitals.
- Remote monitoring telemetry systems, mobile health apps, and remote patient monitoring kits.
- At-home medical devices like home monitoring kits, thermometers, medication dispensers, etc.
Final Thoughts
IoT will lead to endless possibilities in business and is expected to grow rapidly. It will transform many industries, from manufacturing and transportation to utility organizations. Industries will use IoT to perform predictive maintenance, reduce downtime, and optimize production processes. IoT-based agricultural systems will automate several farming tasks by monitoring various factors of crops and soil.
Smart healthcare solutions will transform hospitals and healthcare facilities. Numerous devices that track fitness levels and monitor heart rates in patients use Internet of Things (IoT)-based technology, which lowers the number of hospital visits. Smart cities use IoT for real-time traffic management, optimized waste collection, and resource efficiency.
