Utility IoT

Commercial end-users (offices, retail, healthcare, hospitality) capture 28.1% market share, with revenue approaching $17.5 billion in 2025. Residential smart metering revenue reached approximately $32.3 billion in 2025 and is expanding at 11.8% CAGR. Water IoT is the fastest-growing segment by utility type, expanding at 15.1% CAGR, driven by water scarcity concerns affecting 4.2 billion people globally and the potential for […]