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"The Internet of Things has the potential to change the world, just as the Internet did, maybe even more so,” said by Kevin Ashton, a British technology pioneer and cofounder of the Auto-ID Center at the Massachusetts Institute of Technology (MIT). The IoT (Internet of Things) market is expanding. Hence, the demand for IoT engineers has also increased and will continue to grow. With the rising demand, the IoT engineer salary is also getting impressive. According to a report, the global IoT engineering services market expanded to $31.22 billion in 2024 from $25.24 billion at a CAGR (compounded annual growth rate) of 23.7%. The same is expected to reach $71.25 billion in 2027 at a CAGR of 22.9%.
An IoT engineer is a professional who designs and develops applications, systems, and solutions for the Internet of Things (IoT). They create, manage, and monitor IoT devices and networks that collect and transmit data from sensors and then use that data to automate processes and enable decision-making.
IoT Developers have versatile roles requiring proficiency in various fields, such as security, networking, systems engineering, cloud programming, and hardware device programming. Their jobs enable them to wear multiple hats at once and be flexible in their approach. Hence, an IoT engineer salary falls under an excellent range.
Some specific tasks that an IoT engineer might undertake include designing and testing hardware and software, troubleshooting issues with IoT devices, and integrating various systems into a cohesive whole.
Usually, IoT developers collaborate with Data Science, Business Analytics, Design Teams, and Engineering to devise the best IoT solutions for real-world difficulties.
IoT engineers' job description includes working on three parameters-
Their work enables the creation of bright, connected environments that enhance people's lives.
If you are thinking of building a career in IoT, you should pursue IoT training and master the emerging technology and identify market opportunities and build innovative products.
The responsibility of an IoT engineer is a broad umbrella. Hence, they perform an array of work that includes the following:
The IoT-embedded engineer salary depends on various factors including experience, skill, industry, location, certification, demand, etc. Here, we have covered IoT engineers' salaries for different locations, expertise, skills, and more.
The table below describes the average IoT engineer salary on an hourly, monthly, and yearly basis:
| Role | Hourly Salary (USD) | Monthly Salary (USD) | Annual Salary (USD) |
| IoT Developer | $61.20 | $8,961 | $127,289 |
| IoT Security Engineer | $67.31 | $10,415 | $140,000 |
| IoT Solutions Architect | $79.30 | $10,935 | $165,000 |
| IoT Cloud Engineer | $62.50 | $10,770 | $130,000 |
| IoT Firmware Engineer | $64.10 | $9,200 | $120,500 |
The salary of IoT engineers varies based on experience, with beginners, intermediate, and advanced professionals earning different amounts.
Here is the average pay for IoT Engineers based on experience, according to data from Indeed.com:
Here are the average salaries for IoT Engineers based on location in India, according to data from Glassdoor.com.
India has the world's second-largest telecommunication industry, with over 1.2 billion subscribers and second-most internet and smartphone users worldwide. The nation offers various opportunities for IoT engineers and developers with varying salary packages in different locations. The average salary for an IOT Engineer is ₹4,08,000 per year in India
The table below mentions IoT software engineer salary offered by some top companies in the following cities:
| Location | Average Annual Salary (INR) |
| Chennai | ₹13,56,986 |
| Mumbai | ₹15,75,090 |
| Bengaluru | ₹19,01,617 |
| Noida | ₹17,81,509 |
| Gurgaon | ₹16,33,773 |
| Pune | ₹15,08,773 |
| Hyderabad | ₹16,82,313 |
According to Glassdoor.com, the average IoT software engineer salary is USD 106,519 per annum. Moreover, the USA is known to offer the highest salaries to IoT engineers worldwide.
However, the salary varies from one location to another. The table below mentions different salary packages of IoT engineers in the United States.
| Location | Average Annual Salary (USD) |
| New York, USA | $151,500 |
| Chicago, IL | $150,867 |
| Los Angeles, CA | $144,486 |
| Washington, DC | $149,948 |
| San Francisco, CA | $142,708 |
| Seattle, WA | $115,421 |
| Atlanta, GA | $116,417 |
| Boston, MA | $115,417 |
| Dallas, TX | $101,923 |
| Austin, TX | $142,301 |
The national average salary for a IOT Engineer is £52,555 in the United Kingdom. The table mentions the average Internet of Things engineer salary of top 10 regions in the UK:
| Location | Average Annual Salary (£) |
| Northern Ireland | £44,639 |
| Wales | £44,686 |
| Scotland | £48,651 |
| London, Greater London | £64,178 |
| Bristol | £103,011 |
| Bradford, West Yorkshire | £44,503 |
| Edinburgh | £40,004 |
| Hampshire | £51,857 |
| Birmingham | £46,841 |
| Cornwall | £46,338 |
The national average salary for a IOT Engineer is $94,000 in Australia. IoT software engineer salary in Australia for different regions are as follows:
| Location | Average Annual Salary (USD) |
| Tasmania | $68,868.35 |
| Sydney, NSW | $67,900.88 |
| New South Wales | $71,923.25 |
| Queensland | $69,450.96 |
| Western Australia | $70,315.23 |
| Victoria | $56,013.54 |
| Melbourne VIC | $53,280.25 |
According to Indeed reports, the average annual salary of IoT engineers in Canada is CAD 114,285 or USD 83,868.05.
However, the actual pay of individuals varies depending on various factors, such as location, skill, experience level, etc. The table below describes different salaries for distinct locations in Canada:
| Location | Average Annual Salary (USD) |
| Toronto, ON | $95,888.51 |
| Ontario | $90,340.60 |
| Alberta | $98,058 |
| Nova Scotia | $60,547.03 |
| British Columbia | $57,953.60 |
| Manitoba | $61,566.35 |
Singapore is a global technology hub known for its innovative and forward-thinking approach to technology. Given the country's strong focus on innovation and technology, it is not surprising that the demand for IoT engineers is high in Singapore. Plus, the salaries for these professionals are generally competitive. the average annual salary of IoT engineers in Singapore is $6,165/month.
The table below mentions IoT software engineer salary for different locations in Singapore:
| Location | Average Annual Salary (USD) |
| Jurong | $45,961.90 |
| Jurong East | $55,103.69 |
| Outram | $42,824.81 |
| Queenstown | $38,097.03 |
| Hougang | $52,205.31 |
| Singapore | $45,961.90 |
| Ang Mo Kio | $43,396.08 |
Salaries for IoT software engineers can vary based on the industry. Generally, highly technology-focused sectors, such as the IT (Information Technologies) and Aerospace & Defence tend to offer higher salaries for IoT engineers.
However, the demand for IoT engineers is increasing across various industries, making it an exciting and potentially lucrative field to work in.
| Industry | Average Annual Salary |
| Information Technology | USD 111,842 |
| Legal | USD 102,540 |
| Aerospace & Defence | USD 106,462 |
| Agriculture | USD 111,235 |
| Pharmaceutical & Biotechnology | USD 106,462 |
| Healthcare | USD 102,933 |
| Insurance | USD 101,930 |
| Manufacturing | USD 102,061 |
| Arts, Entertainment & Recreation | USD 106,462 |
| Hotel & Travel Accommodation | USD 106,462 |
| Human Resources & Staffing | USD 106,462 |
| Transportation & Logistics | USD 106,462 |
| Telecommunications | USD 95,845 |
| Retail & Wholesale | USD 106,462 |
| Restaurants & Food Services | USD 106,462 |
| Real Estate | USD 106,702 |
| Energy, Mining & Utilities | USD 106,462 |
*The information in the table is from the reports of Glassdoor.com.
IoT software engineer salary also depends on their skills. Advanced skills in data analytics, cloud computing, cybersecurity, and machine learning are in high demand and can lead to higher salaries. On the other hand, having basic or general skills may result in lower salaries. Advanced Web Development course will help you master technologies creating seamless websites and build essential web development skills.
| Skills | Average Annual Salary |
| IoT QA Engineer | USD 119,338 |
| IoT Software Engineer | USD 113,584 |
| IoT Architect | USD 171,975 |
| IoT Technical Consultant | USD 115,722 |
| Technical Support Engineer | USD 80,912 |
Various factors influencing the salary of an IoT engineer are as follows:
1. Location: The location plays a significant role in determining an IoT software engineer salary. For example, in the United States, an IoT engineer in San Francisco can earn up to 35% more than their counterpart in Atlanta. In Singapore, an IoT engineer can expect to earn around USD 45,961.90 per year, whereas, in Canada, the average salary is around USD 83,868.05 per year.
2. Industry / Employer / Company: The IT and aviation industries tend to offer higher salaries than industries such as healthcare and manufacturing. Large companies generally offer higher salaries than small to medium-sized enterprises.
For instance, the IT industry pays an average annual salary of USD 111,842, while the healthcare industry pays USD 102,933.
3. Experience: IoT engineers with several years of experience can expect to earn more than entry-level professionals. In the United States, the average IoT engineer starting salary is around USD 67,000, while an IoT engineer with ten or more years of experience can earn over USD 140,000.
4. Demand and Supply: If the demand for IoT engineers is high, salaries are likely to be higher as well. Conversely, if there is an oversupply of IoT engineers, salaries may be lower.
5. Credentials / Certifications: Credentials and certifications can also impact an IoT engineer's salary. Having additional credentials such as a master's degree or certification in a specific technology can increase their marketability and earning potential.
6. Skills: Advanced skills in areas such as data analytics, cloud computing, cybersecurity, and machine learning are in high demand and can lead to higher salaries.
To improve an IoT engineer's salary, one can take several steps to increase their skills, certifications, degrees, and experience.
IoT engineers make good salaries, well because they have a specialized skill set that is in high demand due to the growing adoption of IoT technology across various industries. Below are some reasons why IoT engineer salaries are impressive:
It is evident that the demand for IoT engineers is growing fast, and with it, the development in IoT engineer salary for freshers and experienced professionals. As more industries embrace the benefits of this technology, companies seek talented and skilled IoT engineers to drive innovation and optimize their operations. With the rapid evolution of the IoT industry, it is an exciting time to be an IoT engineer, and the future looks bright for those pursuing a career in this field. KnowkledgeHut's Advanced Software Development course will help you increase your value in the job market by learning multiple programming languages.
Yes, stats suggest that IoT engineers, developers, or architects with high experience and greater expertise can earn up to USD 200,000 per year. In cities like Chicago, the average annual salary of an IoT engineer is $150,867.
Well, the salary range for an IoT engineer varies from one location to another. Also, different companies offer distinct salary ranges. However, the typical salary range for IoT engineers in the United States varies from USD 64,216 to USD 150,860.
It depends on the company, different job roles, and the level of expertise the candidate holds. According to Indeed.com, an IoT engineer makes an average annual salary of USD 98,426, while a software engineer makes USD 114,214.
Information Technologies, Aviation, Art, Entertainment & Recreation, Biomedical, Petroleum, and Transportation & Logistics are some highest-paying industries for IoT engineers. However, IT and Aviation still top the list.
IoT engineers must possess skills such as Data Analytics, Cybersecurity, Machine Learning, Cloud Computing, AutoCAD, IoT hardware, Sensors, Artificial Intelligence, Big Data, and UI/UX design. These skills will help them bag better salaries.
The IoT engineer’s fresher salary is $74,590. However, there are some big IT giants like Apple, Amazon, Microsoft, etc., offering a better salary of USD 100,079 per year for entry positions. Beginners in cities like New York and Chicago will get more than in less popular cities.
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