Internet of Behaviors Market Outlook:
Internet of Behaviors (IoB) Market size was valued at USD 557.6 billion in 2024 and is projected to reach USD 8.4 trillion by 2037, rising at a CAGR of 23.5% during the forecast period, 2025 to 2037. In 2025, the industry size of internet of behaviors (IoB) is assessed at USD 667.8 billion.
The market is reliant on a supply chain that encompasses sensors, connectivity modules, and data processors. To understand the economic indices of the internet of behaviors market, it is imperative to analyze the Producer Price Index (PPI) and the Consumer Price Index (CPI). In terms of shifts, the PPI for ICT manufacturing increased by 3.1% YoY in the first quarter of 2025, and the CPI increased by 2.4% in the same period. The increase is propelled by a rise in the costs of semiconductors and raw materials.
A vital indicator of the competitiveness of the internet of behaviors market is the smooth flow of trade. For instance, the gross trade flow highlights that the U.S. imports of IoT-grade integrated circuits reached USD 54.0 billion in 2024, while the exports of sensors and modules were valued at USD 22.3 billion. The numbers indicate a trade deficit, which has prompted government grants to strengthen the edge-device manufacturing in critical infrastructure sectors. Moreover, as IoB matures from pilot to enterprise deployment, the rate of edge-node unit cost reduction, which is currently 7% per annum, will determine the outcomes of B2B ROI and the velocity of market penetration. All in all, the growth rate of the IoB market is expected to remain steady throughout the anticipated timeline of the internet of behaviors market analysis by leveraging the favorable trends conducive to sustained growth.
