GLOBAL INTERNET OF THINGS MARKET FORECAST 2017-2025
KEY FINDINGS
The Global internet of things IOT market by tools generated a revenue of $1390 Million in 2016 and is anticipated to contribute $74524 Million by 2025, growing at a CAGR of 14.06%. Various reasons for growth of the Internet of things market are growing Internet penetration across the world, rapidly growing online population demanding interconnectivity of objects, declining sensor price and advanced sensor technologies and evolution of high speed networking technologies and its potential to streamline and deliver greater time and cost savings.
Internet of things refers to networking of physical objects by using embedded actuators, sensors and other devices that can collect or transmit information about the objects. The information collected from these devices is then analyzed to optimize, services, products and operations.
Various kinds of platforms for IoT are device management platform, network management platform and application management platform. Software solution for IoT can be for real time streaming analytics, security solutions, data management, remote monitoring systems and network bandwidth management. Manage and professional services are offered. Professional services can be either for support and maintenance or deployment and integration or consulting services. IoT finds application in multiple verticals like smart energy, building and home automation, smart manufacturing, connected logistics, smart retail, connected health, smart environment, smart mobility and transport and security and emergencies.
MARKET INSIGHTS
Market drivers for Internet of things are increasing adoption of cloud-based platforms, exponential increase in Internet usage, development of cheaper and smarter sensors, growth of high speed networking technologies, rapidly growing online population demanding interconnectivity of objects, growth in venture capital investment in IoT industry and potential to streamline and deliver greater time and cost savings.
Consumer electronics is the biggest application segment for IoT and constitutes almost 30% market share. Software and services will be the largest market in the forecast period. Data management has the largest share of the IoT software solution market and it is expected that it will continue in a similar fashion during the forecast period. It is predicted that security solution will show very good growth in the forecast period due to increasing cyber threats and attacks. Device management platform will dominate the IoT platforms market due to huge increase in number of connected devices all over the world.
Factors that will restrain market growth are shortage of skilled and trained workers, lack of universally accepted standards and security concerns.
Figure: Global Internet of things Market by Geography (%) in 2016
REGIONAL INSIGHTS
Market regions that are covered in the report are North America, Europe, Asia-Pacific and RoW. North America has the largest market share of Internet of things market. Most of the market players are based in North America and there is awareness about advantages of using Internet of things, technological advancements and early adoption of IoT in this region. Europe also has a good market share due to high awareness. Regulators in both these regions are acting upon on privacy and data security in the IoT scenario.
Asia-Pacific market is expected to report highest growth in the years 2017-2023. Increasing awareness, high penetration of Internet and falling price of sensors and modules will be the market drivers for growth of Internet of things market in Asia Pacific region. Technological advancements are being adopted in various countries like China, Japan and India and this too will boost the market growth of Internet of things.
COMPETITIVE INSIGHTS
The major market players for Internet of things are IBM Corporation, Cisco Systems Inc., SAP SE, PTC Inc., General Electric, Microsoft Corporation, Symantec Corporation, Oracle Corporation, Bosch Software Innovations GmBH and Amazon Web Services Inc. Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.
The Global internet of things IOT market by tools generated a revenue of $1390 Million in 2016 and is anticipated to contribute $74524 Million by 2025, growing at a CAGR of 14.06%. Various reasons for growth of the Internet of things market are growing Internet penetration across the world, rapidly growing online population demanding interconnectivity of objects, declining sensor price and advanced sensor technologies and evolution of high speed networking technologies and its potential to streamline and deliver greater time and cost savings.
Internet of things refers to networking of physical objects by using embedded actuators, sensors and other devices that can collect or transmit information about the objects. The information collected from these devices is then analyzed to optimize, services, products and operations.
Various kinds of platforms for IoT are device management platform, network management platform and application management platform. Software solution for IoT can be for real time streaming analytics, security solutions, data management, remote monitoring systems and network bandwidth management. Manage and professional services are offered. Professional services can be either for support and maintenance or deployment and integration or consulting services. IoT finds application in multiple verticals like smart energy, building and home automation, smart manufacturing, connected logistics, smart retail, connected health, smart environment, smart mobility and transport and security and emergencies.
MARKET INSIGHTS
Market drivers for Internet of things are increasing adoption of cloud-based platforms, exponential increase in Internet usage, development of cheaper and smarter sensors, growth of high speed networking technologies, rapidly growing online population demanding interconnectivity of objects, growth in venture capital investment in IoT industry and potential to streamline and deliver greater time and cost savings.
Consumer electronics is the biggest application segment for IoT and constitutes almost 30% market share. Software and services will be the largest market in the forecast period. Data management has the largest share of the IoT software solution market and it is expected that it will continue in a similar fashion during the forecast period. It is predicted that security solution will show very good growth in the forecast period due to increasing cyber threats and attacks. Device management platform will dominate the IoT platforms market due to huge increase in number of connected devices all over the world.
Factors that will restrain market growth are shortage of skilled and trained workers, lack of universally accepted standards and security concerns.
Figure: Global Internet of things Market by Geography (%) in 2016
REGIONAL INSIGHTS
Market regions that are covered in the report are North America, Europe, Asia-Pacific and RoW. North America has the largest market share of Internet of things market. Most of the market players are based in North America and there is awareness about advantages of using Internet of things, technological advancements and early adoption of IoT in this region. Europe also has a good market share due to high awareness. Regulators in both these regions are acting upon on privacy and data security in the IoT scenario.
Asia-Pacific market is expected to report highest growth in the years 2017-2023. Increasing awareness, high penetration of Internet and falling price of sensors and modules will be the market drivers for growth of Internet of things market in Asia Pacific region. Technological advancements are being adopted in various countries like China, Japan and India and this too will boost the market growth of Internet of things.
COMPETITIVE INSIGHTS
The major market players for Internet of things are IBM Corporation, Cisco Systems Inc., SAP SE, PTC Inc., General Electric, Microsoft Corporation, Symantec Corporation, Oracle Corporation, Bosch Software Innovations GmBH and Amazon Web Services Inc. Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
1.5. RESEARCH METHODOLOGY
2. SOURCES OF DATA
2.1. BOTTOM UP APPROACH
2.2. TOP DOWN APPROACH
2.3. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. MARKET DEFINITION
3.3. IOT ARCHITECTURE
4. KEY FINDINGS
4.1. RETAIL & ECOMMERCE WILL DRIVE THE APPLICATION OF IOT IN LOGISTICS & SCM
4.2. OBSTACLES IN THE USE OF IOT
4.3. CONTRIBUTION TO CONSUMER APPLICATIONS
4.4. INDUSTRIAL USAGE APPLICATIONS OF IOT
4.5. CLOUD MANAGEMENT SERVICES WILL DOMINATE THE IOT TECHNOLOGICAL SPACE
5. MARKET OVERVIEW
5.1. DRIVERS OF IOT MARKET
5.2. RESTRAINTS OF IOT MARKET
6. GLOBAL INTERNET OF THINGS MARKET BY TECHNOLOGIES
6.1. RADIO FREQUENCY IDENTIFICATION (RFID)
6.2. MACHINE TO MACHINE (M2M) COMMUNICATION TECHNOLOGY MARKET
6.3. BLUETOOTH
6.4. WI-FI
6.5. NEAR FIELD COMMUNICATION (NFC)
6.6. SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
6.7. ZIGBEE
6.8. CLOUD
6.9. OTHERS
7. MARKET BY APPLICATION
7.1. CONSUMER SERVICES
7.2. AUTOMOTIVE & AEROSPACE
7.3. HEALTHCARE
7.4. SMART APPLIANCES
7.5. LOGISTICS
7.6. INDUSTRIAL USAGE
7.7. SERVICES
7.8. OTHERS
8. KEY ANALYTICAL
8.1. 5 FORCE ANALYSIS
8.2. MERGERS AND ACQUISITIONS
8.3. MARKET SHARE ANALYSIS OF KEY PLAYERS
8.4. KEY STRATEGIES IN THE GLOBAL IOT MARKET
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. US
9.1.2. CANADA
9.2. EUROPE
9.2.1. UK
9.2.2. GERMANY
9.3.3. FRANCE
9.3. ASIA PACIFIC
9.3.1. CHINA
9.3.2. JAPAN
9.3.3. INDIA
9.3.4. AUSTRALIA
10. MIDDLE EAST & AFRICA
10.1. LATIN AMERICA
11. COMPANY PROFILES
11.1. ALCATEL LUCENT
11.2. AT & T
11.3. ARM HOLDINGS PLC
11.4. ATMEL CORPORATION
11.5. SAP
11.6. ORACLE CORPORATION
11.7. TEXAS INSTRUMENTS
11.8. MICROSOFT
11.9. HUAWEI TECHNOLOGIES
11.10. NXP SEMICONDUCTORS
11.11. GOOGLE
11.12. INTEL CORPORATION
11.13. IBM CORPORATION
11.14. CISCO
11.15. QUALCOMM INCORPORATED
11.16. BOSCH SOFTWARE INNOVATIONS
11.17. FREESCALE SEMICONDUCTOR INC
11.18. GEMALTO NV
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
1.5. RESEARCH METHODOLOGY
2. SOURCES OF DATA
2.1. BOTTOM UP APPROACH
2.2. TOP DOWN APPROACH
2.3. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. MARKET DEFINITION
3.3. IOT ARCHITECTURE
4. KEY FINDINGS
4.1. RETAIL & ECOMMERCE WILL DRIVE THE APPLICATION OF IOT IN LOGISTICS & SCM
4.2. OBSTACLES IN THE USE OF IOT
4.3. CONTRIBUTION TO CONSUMER APPLICATIONS
4.4. INDUSTRIAL USAGE APPLICATIONS OF IOT
4.5. CLOUD MANAGEMENT SERVICES WILL DOMINATE THE IOT TECHNOLOGICAL SPACE
5. MARKET OVERVIEW
5.1. DRIVERS OF IOT MARKET
5.2. RESTRAINTS OF IOT MARKET
6. GLOBAL INTERNET OF THINGS MARKET BY TECHNOLOGIES
6.1. RADIO FREQUENCY IDENTIFICATION (RFID)
6.2. MACHINE TO MACHINE (M2M) COMMUNICATION TECHNOLOGY MARKET
6.3. BLUETOOTH
6.4. WI-FI
6.5. NEAR FIELD COMMUNICATION (NFC)
6.6. SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
6.7. ZIGBEE
6.8. CLOUD
6.9. OTHERS
7. MARKET BY APPLICATION
7.1. CONSUMER SERVICES
7.2. AUTOMOTIVE & AEROSPACE
7.3. HEALTHCARE
7.4. SMART APPLIANCES
7.5. LOGISTICS
7.6. INDUSTRIAL USAGE
7.7. SERVICES
7.8. OTHERS
8. KEY ANALYTICAL
8.1. 5 FORCE ANALYSIS
8.2. MERGERS AND ACQUISITIONS
8.3. MARKET SHARE ANALYSIS OF KEY PLAYERS
8.4. KEY STRATEGIES IN THE GLOBAL IOT MARKET
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. US
9.1.2. CANADA
9.2. EUROPE
9.2.1. UK
9.2.2. GERMANY
9.3.3. FRANCE
9.3. ASIA PACIFIC
9.3.1. CHINA
9.3.2. JAPAN
9.3.3. INDIA
9.3.4. AUSTRALIA
10. MIDDLE EAST & AFRICA
10.1. LATIN AMERICA
11. COMPANY PROFILES
11.1. ALCATEL LUCENT
11.2. AT & T
11.3. ARM HOLDINGS PLC
11.4. ATMEL CORPORATION
11.5. SAP
11.6. ORACLE CORPORATION
11.7. TEXAS INSTRUMENTS
11.8. MICROSOFT
11.9. HUAWEI TECHNOLOGIES
11.10. NXP SEMICONDUCTORS
11.11. GOOGLE
11.12. INTEL CORPORATION
11.13. IBM CORPORATION
11.14. CISCO
11.15. QUALCOMM INCORPORATED
11.16. BOSCH SOFTWARE INNOVATIONS
11.17. FREESCALE SEMICONDUCTOR INC
11.18. GEMALTO NV
LIST OF TABLES
1 GLOBAL IOT MARKET BY TECHNOLOGIES IN $BILLION (2017-2025)
2 GLOBAL RFID ENABLED DEVICES MARKET BY GEOGRAPHY IN $ BILLION (2017 - 2025)
3 GLOBAL M2M COMMUNICATION TECHNOLOGY MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
4 GLOBAL SCADA MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
5 GLOBAL CLOUD MANAGEMENT SERVICES MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
6 GLOBAL IOT MARKET BY APPLICATIONS IN $ BILLION (2017-2025)
7 GLOBAL IOT MARKET BY GEOGRAPHY IN $BILLION (2017-2025)
8 ASIAN IOT MARKET BY GEOGRAPHY IN $BILLION (2017-2025)
9 REGULATORY FRAMEWORK IN UK
10 NORTH AMERICA IOT MARKET BY REGION IN $BILLION (2017-2025)
11 ROW IOT MARKET BY REGION IN $BILLION (2017-2025)
LIST OF FIGURE
1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM UP APPROACH
2 MARKET SIZE ESTIMATION METHODOLOGY: TOP DOWN APPROACH
3 DATA TRIANGULATION
4 INTERNET OF THINGS ARCHITECTURE
5 IOT BENEFITS IN E-COMMERCE & LOGISTICS
6 DEMAND AND SUPPLY GAP IN IT INDUSTRY IN 2016
7 GLOBAL IOT INVESTMENTS BY GEOGRAPHY IN 2016
8 CHALLENGES IN ADOPTION OF WEARABLE TECHNOLOGIES BY CONSUMERS (%) FOR 2016
9 TOP THREE IOT BUSINESS INITIATIVES BY DISCRETE MANUFACTURERS (%)
10 GLOBAL IOT MARKET BY ENABLING TECHNOLOGIES FOR 2014 AND 2021 (%)
11 REGIONAL PARADIGM OF GLOBAL IOT MARKET FOR 2017-2025 IN $ BILLION
12 GLOBAL RFID ENABLED DEVICES MARKET BY TECHNOLOGY IN $BILLION (2017-2025)
13 GLOBAL M2M COMMUNICATION TECHNOLOGIES MARKET BY TECHNOLOGY IN $BILLION(2017-2025)
14 GLOBAL SCADA MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
15 GLOBAL ZIGBEE MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
16 GLOBAL CLOUD MANAGEMENT SERVICES MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
17 GLOBAL OTHER MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
18 CONSUMER SERVICE MARKET BY APPLICATION
19 AUTOMOTIVE AND AEROSPACE MARKETS BY APPLICATION
20 HEALTHCARE MARKETS BY APPLICATION
21 SMART APPLIANCES MARKET BY APPLICATION
22 LOGISTICS SUPPLY CHAIN MARKET BY APPLICATION
23 INDUSTRIAL USAGE MARKET BY APPLICATION
24 SERVICES MARKET BY APPLICATION
25 OTHERS MARKET BY APPLICATION
26 RISE IN NUMBER OF MERGERS & ACQUISITIONS FROM 2010 TO 2015
27 CHINA IOT MARKET IN $BILLION (2017-2025)
28 JAPAN IOT MARKET IN $BILLION (2017-2025)
29 INDIA IOT MARKET IN $BILLION (2017-2025)
30 AUSTRALIAN IOT MARKET IN $BILLION (2017-2025)
31 UK IOT MARKET IN $BILLION (2017-2025)
32 GERMANY IOT MARKET IN $BILLION (2017-2025)
33 FRANCE IOT MARKETIN $BILLION (2017-2025)
34 CANADA IOT MARKET IN $BILLION (2017-2025)
35 MIDDLE EAST & AFRICA IOT MARKET IN $BILLION (2017-2025)
36 LATIN AMERICA IOT MARKET IN $BILLION (2017-2025)
1 GLOBAL IOT MARKET BY TECHNOLOGIES IN $BILLION (2017-2025)
2 GLOBAL RFID ENABLED DEVICES MARKET BY GEOGRAPHY IN $ BILLION (2017 - 2025)
3 GLOBAL M2M COMMUNICATION TECHNOLOGY MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
4 GLOBAL SCADA MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
5 GLOBAL CLOUD MANAGEMENT SERVICES MARKET BY GEOGRAPHY IN $ BILLION (2017-2025)
6 GLOBAL IOT MARKET BY APPLICATIONS IN $ BILLION (2017-2025)
7 GLOBAL IOT MARKET BY GEOGRAPHY IN $BILLION (2017-2025)
8 ASIAN IOT MARKET BY GEOGRAPHY IN $BILLION (2017-2025)
9 REGULATORY FRAMEWORK IN UK
10 NORTH AMERICA IOT MARKET BY REGION IN $BILLION (2017-2025)
11 ROW IOT MARKET BY REGION IN $BILLION (2017-2025)
LIST OF FIGURE
1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM UP APPROACH
2 MARKET SIZE ESTIMATION METHODOLOGY: TOP DOWN APPROACH
3 DATA TRIANGULATION
4 INTERNET OF THINGS ARCHITECTURE
5 IOT BENEFITS IN E-COMMERCE & LOGISTICS
6 DEMAND AND SUPPLY GAP IN IT INDUSTRY IN 2016
7 GLOBAL IOT INVESTMENTS BY GEOGRAPHY IN 2016
8 CHALLENGES IN ADOPTION OF WEARABLE TECHNOLOGIES BY CONSUMERS (%) FOR 2016
9 TOP THREE IOT BUSINESS INITIATIVES BY DISCRETE MANUFACTURERS (%)
10 GLOBAL IOT MARKET BY ENABLING TECHNOLOGIES FOR 2014 AND 2021 (%)
11 REGIONAL PARADIGM OF GLOBAL IOT MARKET FOR 2017-2025 IN $ BILLION
12 GLOBAL RFID ENABLED DEVICES MARKET BY TECHNOLOGY IN $BILLION (2017-2025)
13 GLOBAL M2M COMMUNICATION TECHNOLOGIES MARKET BY TECHNOLOGY IN $BILLION(2017-2025)
14 GLOBAL SCADA MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
15 GLOBAL ZIGBEE MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
16 GLOBAL CLOUD MANAGEMENT SERVICES MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
17 GLOBAL OTHER MARKET BY TECHNOLOGY IN $ BILLION (2017-2025)
18 CONSUMER SERVICE MARKET BY APPLICATION
19 AUTOMOTIVE AND AEROSPACE MARKETS BY APPLICATION
20 HEALTHCARE MARKETS BY APPLICATION
21 SMART APPLIANCES MARKET BY APPLICATION
22 LOGISTICS SUPPLY CHAIN MARKET BY APPLICATION
23 INDUSTRIAL USAGE MARKET BY APPLICATION
24 SERVICES MARKET BY APPLICATION
25 OTHERS MARKET BY APPLICATION
26 RISE IN NUMBER OF MERGERS & ACQUISITIONS FROM 2010 TO 2015
27 CHINA IOT MARKET IN $BILLION (2017-2025)
28 JAPAN IOT MARKET IN $BILLION (2017-2025)
29 INDIA IOT MARKET IN $BILLION (2017-2025)
30 AUSTRALIAN IOT MARKET IN $BILLION (2017-2025)
31 UK IOT MARKET IN $BILLION (2017-2025)
32 GERMANY IOT MARKET IN $BILLION (2017-2025)
33 FRANCE IOT MARKETIN $BILLION (2017-2025)
34 CANADA IOT MARKET IN $BILLION (2017-2025)
35 MIDDLE EAST & AFRICA IOT MARKET IN $BILLION (2017-2025)
36 LATIN AMERICA IOT MARKET IN $BILLION (2017-2025)
