6 Iot Products Business Success Stories [2024]

Pat Walls

•

Updated: November 16th, 2023

Start An Iot Products Business

The Internet of Things (IoT) products business involves creating and selling innovative devices that are interconnected to the Internet, enabling seamless communication and data exchange between devices.

Entrepreneurs in this industry design smart solutions that enhance everyday life, ranging from smart home devices and wearables to industrial sensors and healthcare gadgets.

With the rapid growth of IoT technology, the IoT products business offers a lucrative opportunity for individuals to tap into a market hungry for interconnected and intelligent devices.

Success in the IoT products business requires a combination of technical expertise, creativity, and a keen understanding of market trends.

Here are some real life success stories of starting a iot products business:

Learn more about starting an iot products business:

Where to start?

-> How much does it cost to start an iot products business?
-> Pros and cons of an iot products business

Need inspiration?

-> Examples of established iot products business
-> Marketing ideas for an iot products business

Other resources

Part of

Starting An Iot Products Business: Everything You Need To Know

‹

›

1. Tractian ($1.2M/year)

How much they make: $1.2M/year
Current team size: 145

LATAM SaaS + IoT grows 10x to $1.2m in ARR, $3.7m round at $15m valuation

Tractian, an industrial AI start-up, offers online maintenance systems that have raised $15M in a funding round, has grown 10x to reach $1.2ARR with a base increase of 30% customers per month.

About

Igor started Tractian over 4 years ago

Revenue

Igor grew the business to $100K/month

Read this case study

Read by 409 founders

4. AT&T

AT&T 5G. Now Nationwide. We're committed to keeping you connected. Get 24/7 support & manage your account online. Explore unlimited data plans, Internet service, & AT&T TV.

Where they're located: Nashville, Tennessee, USA
Website traffic: 163M/month

5. Fibre Broadband, TV Packages, BT Sport & Mobile Deals

From Superfast Fibre broadband to TV & Mobile, BT helps UK families, communities & companies reach their potential. Find out more about BT products now.

Website traffic: 38.1M/month

6. TELUS

By choosing TELUS you get access to amazing plans, phones and high-speed internet on Canada's fastest network, and help connect Canadians in need.

Website traffic: 9.63M/month