IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography - Global Forecast to 2029
The IoT technology market is projected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, registering a CAGR of 7.8% during the forecast period. Some of the major factors driving the growth of the IoT technology market include increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and higher adoption of IPv6. However, interoperability challenges and lack of common standards act as a challenge for the market in the future. The major growth opportunities for the market players are increased potential for the incorporation of IoT in electric and hybrid vehicles and accelerated IoT adoption in the healthcare sector.
'Market for consumer segment expected to account for the largest share during the forecast period.'
The consumer segment of the IoT technology market is expected to witness the largest share during the forecast period. The consumer end-use application includes wearable devices and consumer electronics. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.
' Data management segment expected to account for the largest share during the forecast period.'
The IoT technology market's data management segment is expected to witness the largest share during the forecast period. With the increasing number of connected devices, the volume of data being generated is increasing. These data can be used to gain valuable insights and improve efficiencies through analysis. Data are crucial in every sector, and managing data is of utmost importance to understand the pattern and develop logical information out of it. IBM (US), SAP (Germany), and Oracle (US) are developing data management solutions to provide ease of information to various sectors for future decisions. Therefore, to manage these data, organizations require software solutions featured with analytics to easily handle these data and derive various useful patterns. Data management solution is the most important software solution in the IoT segment as IoT devices produce an enormous amount of data that is challenging for providers to deal with. Organizations require data management solutions to manage structured and unstructured data to generate insights from the huge amount of data. Data mining, data management, and data analytics techniques are used to make data useful and relevant.
'North America accounted for the largest market share among other regions in 2023.'
In 2023, North America accounted for the largest share of the IoT technology market. The North American market for loT technology is expanding as a result of rising internet penetration in technologically advanced economies and expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The primary drivers of the market's expansion in this region are an established IT infrastructure and the early acceptance of different IoT-enabled products across a range of end-use applications.
In determining and verifying the market size for several segments and subsegments gathered through extensive secondary research, primary interviews have been conducted with key industry experts in the IoT technology market.
The break-up of primary participants for the report has been shown below:
Research Coverage
This research report categorizes the IoT technology market based on technology, end-user industry, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IoT technology market and forecasts the same till 2029. The report also consists of leadership mapping and analysis of companies in the IoT technology ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall IoT technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (emergence of 5G communications technology, Increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and higher adoption of IPv6), restraints (data security and privacy concerns), opportunities (cross-domain collaborations, government incentives and aids for development of IoT technologies, accelerated IoT adoption in the healthcare sector, increased potential for the incorporation of IoT in electric and hybrid vehicles, and rise in the development of smart cities), and challenges (interoperability challenges and lack of common standards, high power consumption by wireless sensor terminals/connected devices, lack of IoT-related skills and technical expertise) influencing the growth of the IoT technology market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT technology market
• Market Development: Comprehensive information about lucrative markets – the report analyses the IoT technology market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT technology market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/service offerings of leading players like Intel Corporation, Qualcomm, Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, IBM, STMicroelectronics, Microsoft, PTC Inc., and Amazon Web Services, among others in the IoT technology market.
'Market for consumer segment expected to account for the largest share during the forecast period.'
The consumer segment of the IoT technology market is expected to witness the largest share during the forecast period. The consumer end-use application includes wearable devices and consumer electronics. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.
' Data management segment expected to account for the largest share during the forecast period.'
The IoT technology market's data management segment is expected to witness the largest share during the forecast period. With the increasing number of connected devices, the volume of data being generated is increasing. These data can be used to gain valuable insights and improve efficiencies through analysis. Data are crucial in every sector, and managing data is of utmost importance to understand the pattern and develop logical information out of it. IBM (US), SAP (Germany), and Oracle (US) are developing data management solutions to provide ease of information to various sectors for future decisions. Therefore, to manage these data, organizations require software solutions featured with analytics to easily handle these data and derive various useful patterns. Data management solution is the most important software solution in the IoT segment as IoT devices produce an enormous amount of data that is challenging for providers to deal with. Organizations require data management solutions to manage structured and unstructured data to generate insights from the huge amount of data. Data mining, data management, and data analytics techniques are used to make data useful and relevant.
'North America accounted for the largest market share among other regions in 2023.'
In 2023, North America accounted for the largest share of the IoT technology market. The North American market for loT technology is expanding as a result of rising internet penetration in technologically advanced economies and expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The primary drivers of the market's expansion in this region are an established IT infrastructure and the early acceptance of different IoT-enabled products across a range of end-use applications.
In determining and verifying the market size for several segments and subsegments gathered through extensive secondary research, primary interviews have been conducted with key industry experts in the IoT technology market.
The break-up of primary participants for the report has been shown below:
- By company type: Tier 1 - 38%, Tier 2 - 28%, and Tier 3 - 34%
- By designation: C-Level Executives - 40%, Managers - 30%, and Others - 30%
- By region: North America - 35%, Europe - 20%, Asia Pacific - 35%, and RoW - 10%
Research Coverage
This research report categorizes the IoT technology market based on technology, end-user industry, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IoT technology market and forecasts the same till 2029. The report also consists of leadership mapping and analysis of companies in the IoT technology ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall IoT technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (emergence of 5G communications technology, Increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and higher adoption of IPv6), restraints (data security and privacy concerns), opportunities (cross-domain collaborations, government incentives and aids for development of IoT technologies, accelerated IoT adoption in the healthcare sector, increased potential for the incorporation of IoT in electric and hybrid vehicles, and rise in the development of smart cities), and challenges (interoperability challenges and lack of common standards, high power consumption by wireless sensor terminals/connected devices, lack of IoT-related skills and technical expertise) influencing the growth of the IoT technology market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT technology market
• Market Development: Comprehensive information about lucrative markets – the report analyses the IoT technology market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT technology market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/service offerings of leading players like Intel Corporation, Qualcomm, Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, IBM, STMicroelectronics, Microsoft, PTC Inc., and Amazon Web Services, among others in the IoT technology market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 IOT TECHNOLOGY MARKET: SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 SRECESSION IMPACT
FIGURE 2 GDP GROWTH PROJECTION FOR MAJOR ECONOMIES, 2021–2023
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 3 IOT TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of key participants for primary interviews
2.1.2.2 Key industry insights
2.1.2.3 Key data from primary sources
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 IMPACT OF RECESSION
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 PROCESSORS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
FIGURE 8 REMOTE MONITORING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 CONSUMER SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029
FIGURE 10 IOT TECHNOLOGY MARKET, BY REGION, 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN IOT TECHNOLOGY MARKET
FIGURE 11 INCREASING DEMAND FROM AUTOMOTIVE & TRANSPORTATION SECTOR TO FUEL MARKET GROWTH
4.2 IOT TECHNOLOGY MARKET, BY SERVICE
FIGURE 12 MANAGED SERVICES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.3 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
FIGURE 13 AEROSPACE & DEFENSE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.4 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION AND COUNTRY
FIGURE 14 AUTOMOTIVE & TRANSPORTATION AND US HELD LARGEST SHARES OF NORTH AMERICA IOT MARKET IN 2023
4.5 IOT TECHNOLOGY MARKET, BY COUNTRY
FIGURE 15 CHINA TO DOMINATE GLOBAL IOT TECHNOLOGY MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 IOT TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Global rise in internet penetration
FIGURE 17 GLOBAL INTERNET PENETRATION TILL 2024, BY REGION
5.2.1.2 Growing adoption of cloud platforms
5.2.1.3 Proliferation of wireless sensor networks
5.2.1.4 Increasing adoption of IPv6
FIGURE 18 ADOPTION RATE OF IPV6, BY COUNTRY, 2023
FIGURE 19 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Data security and privacy concerns
FIGURE 20 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing cross-domain collaborations
FIGURE 21 CROSS-DOMAIN COLLABORATIONS USING IOT
5.2.3.2 Government-led funding to develop IoT research projects
5.2.3.3 Emergence of connected care in healthcare sector
5.2.3.4 Increasing demand for HEVs and EVs
5.2.3.5 Growing safety concerns with rising urbanization
FIGURE 22 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Interoperability challenges and lack of common standards
5.2.4.2 High power consumption by wireless sensor terminals/connected devices
5.2.4.3 Lack of skilled professionals
FIGURE 23 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 24 IOT TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
5.3.1 R&D ENGINEERS
5.3.2 RAW MATERIAL AND COMPONENT SUPPLIERS
5.3.3 SOFTWARE SOLUTION PROVIDERS
5.3.4 IOT SYSTEM INTEGRATORS
5.3.5 SUPPLIERS AND DISTRIBUTORS
5.3.6 END USERS
5.4 ECOSYSTEM ANALYSIS
FIGURE 25 IOT TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
TABLE 1 ROLES OF COMPANIES IN IOT TECHNOLOGY ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 Integration of AI with IoT
5.6.1.2 Integration of ML with IoT
5.6.2 COMPLEMENTARY TECHNOLOGIES
5.6.2.1 Digital twin
5.6.3 ADJACENT TECHNOLOGIES
5.6.3.1 Edge computing
5.6.3.2 Wi-Fi
5.6.3.3 Cloud computing
5.6.3.4 Big data analytics
5.7 PORTER'S FIVE FORCES ANALYSIS
FIGURE 27 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 2 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION
TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%)
5.8.2 BUYING CRITERIA
FIGURE 29 KEY BUYING CRITERIA, BY END-USE APPLICATION
TABLE 4 KEY BUYING CRITERIA, BY END-USE APPLICATION
5.9 CASE STUDY ANALYSIS
5.9.1 SOLULAB INC. ASSISTED ENMATRIX TO DEVELOP IOT MOBILE APPLICATION FOR SMART BUILDINGS AND YACHT MANAGEMENT
5.9.2 SOLULAB INC. HELPED GEARNETICS TO DEVELOP ADVANCED IOT FLEET MANAGEMENT SOLUTIONS
5.9.3 SANXING AND TELENOR CONNEXION FACILITATED LEADING SWEDISH ENERGY SUPPLIER TO IMPLEMENT IOT-BASED METERING SOLUTION FOR CONNECTING SMART METERS
5.9.4 ISA MINIMIZED EQUIPMENT BREAKDOWN WITH IOT-ENABLED PREDICTIVE MAINTENANCE SOLUTION
5.9.5 TELENOR ASSISTED SWEGON IN IMPLEMENTING IOT-BASED CLIMATE CONTROL SYSTEMS
5.10 TARIFF, STANDARD, AND REGULATORY LANDSCAPE
TABLE 5 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 6 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY CHINA
TABLE 7 STANDARDS FOR IOT TECHNOLOGY MARKET
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11 PRICING ANALYSIS
5.11.1 INDICATIVE PRICING TREND, BY NODE COMPONENT
TABLE 12 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2023 (USD)
FIGURE 30 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2020–2029 (USD)
5.11.2 INDICATIVE PRICING TREND OF KEY PLAYERS, BY NODE COMPONENT, 2023
FIGURE 31 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023
TABLE 13 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023 (USD)
5.11.3 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 32 AVERAGE SELLING PRICE TREND OF LOGIC DEVICES, BY REGION, 2020–2029 (USD)
5.12 TRADE ANALYSIS
5.12.1 TRADE ANALYSIS FOR HVAC SYSTEMS
5.12.1.1 Import scenario (HS code 841510)
FIGURE 33 IMPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.1.2 Export scenario (HS code 841510)
FIGURE 34 EXPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2 TRADE ANALYSIS FOR VIDEO SURVEILLANCE SYSTEMS
5.12.2.1 Import scenario (HS code 852580)
FIGURE 35 IMPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2.2 Export scenario (HS code 852580)
FIGURE 36 EXPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.3 TRADE ANALYSIS FOR FIRE PROTECTION SYSTEMS
5.12.3.1 Import scenario (HS code 842410)
FIGURE 37 IMPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.3.2 Export scenario (HS code 842410)
FIGURE 38 EXPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.13 PATENT ANALYSIS
FIGURE 39 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022
TABLE 14 LIST OF MAJOR PATENTS APPLIED/GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022
TABLE 15 PATENT REGISTRATIONS RELATED TO IOT TECHNOLOGY, 2022–2023
5.14 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 16 IOT TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
5.15 INVESTMENT AND FUNDING SCENARIO
FIGURE 40 GLOBAL VENTURE-CAPITAL INVESTMENT IN IOT STARTUPS (USD BILLION)
6 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION
6.1 INTRODUCTION
FIGURE 41 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION
FIGURE 42 REMOTE MONITORING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 17 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 18 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
6.2 REAL-TIME STREAMING ANALYTICS
6.2.1 ABILITY TO ANALYZE DATA GENERATED IN DIFFERENT FORMATS IN REAL TIME TO BOOST DEMAND
6.3 SECURITY SOLUTIONS
6.3.1 RISING NEED TO SECURE NETWORK OF CONNECTED DEVICES TO FUEL MARKET GROWTH
6.4 DATA MANAGEMENT
6.4.1 RISING NEED TO UNDERSTAND DATA PATTERNS AND DEVELOP LOGICAL INFORMATION TO BOOST DEMAND
6.5 REMOTE MONITORING
6.5.1 RISING DEPLOYMENT IN SMART GRIDS, PIPELINE SENSORS, AND SERVER MONITORING TO FOSTER SEGMENTAL GROWTH
6.6 NETWORK BANDWIDTH MANAGEMENT
6.6.1 ABILITY TO INCREASE NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION TO DRIVE MARKET
7 IOT TECHNOLOGY MARKET, BY PLATFORM
7.1 INTRODUCTION
FIGURE 43 IOT TECHNOLOGY MARKET, BY PLATFORM
FIGURE 44 NETWORK MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
TABLE 19 IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 20 IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
7.2 DEVICE MANAGEMENT
7.2.1 GROWING REQUIREMENT TO MANAGE ACCESS AND CONTROL OVER IOT DEVICES TO FUEL MARKET GROWTH
7.3 APPLICATION MANAGEMENT
7.3.1 RISING NEED FOR EFFECTIVE MONITORING AND REMOTE DEVICE MANAGEMENT TO BOOST DEMAND
7.4 NETWORK MANAGEMENT
7.4.1 ABILITY TO PREVENT NETWORK CRASHES DUE TO HIGH AMOUNT OF DATA TRANSFERS TO DRIVE DEMAND
8 IOT TECHNOLOGY MARKET, BY SERVICE
8.1 INTRODUCTION
FIGURE 45 IOT TECHNOLOGY MARKET, BY SERVICE
FIGURE 46 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 21 IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD MILLION)
TABLE 22 IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD MILLION)
8.2 PROFESSIONAL SERVICES
8.2.1 INCREASING DEMAND FOR CONNECTED DEVICES IN INDUSTRIAL AND TRANSPORTATION SECTORS TO BOOST DEMAND
FIGURE 47 PROFESSIONAL SERVICES OFFERED BY IOT
8.2.2 BUSINESS PLANNING
8.2.3 SYSTEM DESIGN
8.2.4 SECURITY
8.2.5 SOFTWARE/PLATFORM DEVELOPMENT & INTEGRATION
8.2.6 OPERATIONAL SUPPORT AND MAINTENANCE
8.2.7 DELIVERY AND DEPLOYMENT
8.3 MANAGED SERVICES
8.3.1 INCREASING ADOPTION OF OUTSOURCED MANAGED SERVICES TO DRIVE DEMAND
FIGURE 48 MANAGED SERVICES OFFERED BY IOT
8.3.1.1 Streamline operations
8.3.2 OPTIMIZE PERSONNEL
8.3.3 MANAGE IOT COSTS
8.3.4 ENHANCE VISIBILITY
9 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
9.1 INTRODUCTION
FIGURE 49 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
TABLE 23 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 24 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2024–2029 (USD BILLION)
FIGURE 50 CONSUMER SEGMENT TO HOLD LARGER MARKET SHARE FROM IN 2024
TABLE 25 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 26 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION)
FIGURE 51 BUILDING AUTOMATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
TABLE 27 CONSUMER: IOT TECHNOLOGY MARKET FOR, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 28 CONSUMER: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION )
9.2 INDUSTRIAL
TABLE 29 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 30 IOT TECHNOLOGY MARKET FOR INDUSTRIAL, BY NODE COMPONENT, 2024–2029 (USD BILLION)
9.2.1 HEALTHCARE
9.2.1.1 Growing chronic illness among expanding population to boost demand
TABLE 31 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)
TABLE 32 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)
9.2.1.2 IoT technology-based products used in healthcare sector
9.2.1.2.1 Fitness & heart rate monitors
9.2.1.2.2 Blood pressure monitors
9.2.1.2.3 Blood glucose meters
9.2.1.2.4 Continuous glucose monitors
9.2.1.2.5 Pulse oximeters
9.2.1.2.6 Automated external defibrillators
9.2.1.2.7 Programmable syringe pumps
9.2.1.2.8 Wearable injectors
9.2.1.2.9 Multiparameter monitors
9.2.1.2.10 Fall detectors
9.2.1.2.11 Smart pill dispensers
9.2.1.2.12 Gateways
9.2.2 AUTOMOTIVE & TRANSPORTATION
9.2.2.1 Increasing demand for connected automobile services to drive market
TABLE 33 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 34 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.2.2 IoT technology-based products used in automotive & transportation sector
9.2.2.2.1 Connected cars
9.2.2.2.1.1 Level 1 – Driver Assistance
9.2.2.2.1.2 Level 2 – Partial Automation
9.2.2.2.1.3 Level 3 – Conditional Automation
9.2.2.2.1.4 Level 4 – High Automation
9.2.2.2.2 Ultrasonic sensors
9.2.2.2.3 Camera/Image sensors
9.2.2.2.4 Radars
9.2.2.2.5 LiDAR
9.2.2.2.6 Infrared detectors
9.2.2.3 In-car infotainment
9.2.2.4 Traffic management
9.2.2.4.1 Vehicle detection sensors
9.2.2.4.2 Pedestrian presence sensors
9.2.2.4.3 Speed sensors
9.2.2.4.4 Thermal cameras
9.2.2.4.5 Automated incident detection cameras
9.2.2.5 Public transport/Mass transit
9.2.2.6 E-tolls
9.2.2.7 Gateways
9.2.3 BUILDING AUTOMATION
9.2.3.1 Increased awareness regarding energy conservation to boost demand
TABLE 35 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 36 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.2.3.2 IoT technology-based products used in building automation sector
9.2.3.2.1 Occupancy sensors
9.2.3.2.2 Daylight sensors
9.2.3.2.3 Smart thermostats
9.2.3.2.4 IP cameras
9.2.3.2.5 Smart meters
9.2.3.2.6 Smart locks
9.2.3.2.7 Smoke detectors
9.2.3.2.8 Gateways
9.2.4 MANUFACTURING
9.2.4.1 Adoption of Industry 4.0 & 5.0 principles to boost demand
TABLE 37 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 38 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.4.2 IoT technology-based products used in manufacturing sector
9.2.4.2.1 Temperature sensors
9.2.4.2.2 Pressure sensors
9.2.4.2.3 Level sensors
9.2.4.2.4 Flow sensors
9.2.4.2.5 Chemical sensors
9.2.4.2.6 Humidity sensors
9.2.4.2.7 Motion & position sensors
9.2.4.2.8 Image sensors
9.2.4.2.9 Gateways
9.2.5 RETAIL
9.2.5.1 Growing popularity of digital signage and intelligent vending machines to fuel market growth
TABLE 39 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 40 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.2.5.2 IoT technology-based products used in retail sector
9.2.5.2.1 Intelligent vending machines
9.2.5.2.2 Contactless checkout
9.2.5.2.3 Smart mirrors
9.2.5.2.4 Smart shopping carts
9.2.5.2.5 Digital signage
9.2.5.2.6 Smart tags
9.2.5.2.7 Wireless beacons
9.2.5.2.8 Gateways
9.2.6 BFSI
9.2.6.1 Increasing deployment of IoT technology with rising competition in Fintech sector to drive market
FIGURE 52 KEY APPLICATION AREAS OF IOT IN BFSI SECTOR
TABLE 41 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 42 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.6.2 IoT technology-based products in BFSI sector
9.2.6.2.1 Mobile point of sale
9.2.6.2.2 Smart kiosk/Interactive kiosk
9.2.6.2.3 Gateways
9.2.7 OIL & GAS
9.2.7.1 Rising convergence of machines and intelligent data to drive market
TABLE 43 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD THOUSAND)
TABLE 44 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD THOUSAND)
9.2.7.2 IoT technology-based products in oil & gas industry
9.2.7.2.1 Temperature sensors
9.2.7.2.2 Pressure sensors
9.2.7.2.3 Level sensors
9.2.7.2.4 Flow sensors
9.2.7.2.5 Image sensors
9.2.7.2.6 Other sensors
9.2.7.2.7 Gateways
9.2.8 AGRICULTURE
9.2.8.1 Ability to monitor crop status and analyze soil conditions to drive market
FIGURE 53 IOT IN AGRICULTURE SECTOR
TABLE 45 AGRICULTURE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 46 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2024–2029 (USD MILLION)
9.2.8.2 IoT technology-based products used in agriculture sector
9.2.8.2.1 Climate sensors
9.2.8.2.2 Soil moisture sensors
9.2.8.2.3 Level sensors
9.2.8.2.4 Gateways
9.2.9 AEROSPACE & DEFENSE
9.2.9.1 Rising focus on improving efficiency, passenger safety, security, and experience to boost demand
TABLE 47 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 48 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.9.2 IoT technology-based products used in aerospace & defense sector
9.2.9.2.1 Smart baggage tags
9.2.9.2.2 Smart beacons
9.2.9.2.3 ePassport gates
9.2.9.2.4 Drones/Unmanned aerial vehicles
9.2.9.2.5 Gateways
9.3 CONSUMER
TABLE 49 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 50 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION)
9.3.1 WEARABLE DEVICES
9.3.1.1 Escalating demand for smartwatches to boost demand
9.3.1.2 IoT technology-based products used in wearable device industry
9.3.1.2.1 Activity monitors
9.3.1.2.2 Smartwatches
9.3.1.2.3 Smart glasses
9.3.1.2.4 Body-worn cameras
9.3.1.2.5 Panic/SOS buttons
9.3.1.2.6 Smart locators
9.3.1.2.7 Smart water purifiers
9.3.1.2.8 Identity authenticators
9.3.1.2.9 Thermal bracelets
9.3.1.2.10 Safe driving ingestible pills
TABLE 51 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 52 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.3.2 CONSUMER ELECTRONICS
9.3.2.1 Ability to measure and control energy usage to boost demand
9.3.2.2 IoT technology-based products used in consumer electronics industry
9.3.2.2.1 Smart lighting devices
9.3.2.2.2 Smart TVs
9.3.2.2.3 Smart washing machines
9.3.2.2.4 Smart dryers
9.3.2.2.5 Smart refrigerators
9.3.2.2.6 Smart ovens
9.3.2.2.7 Smart cooktops
9.3.2.2.8 Smart cookers
9.3.2.2.9 Smart deep freezers
9.3.2.2.10 Smart dishwashers
9.3.2.2.11 Smart coffee makers
9.3.2.2.12 Smart kettles
9.3.2.2.13 Gateways
TABLE 53 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 54 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
10 IOT TECHNOLOGY MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 54 IOT TECHNOLOGY MARKET, BY REGION
FIGURE 55 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 55 IOT TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD BILLION)
TABLE 56 IOT TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD BILLION)
10.2 NORTH AMERICA
10.2.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN NORTH AMERICA
FIGURE 56 NORTH AMERICA: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 57 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 58 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 59 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 60 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION)
TABLE 61 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 62 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 63 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 64 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 65 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 66 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.2.2 US
10.2.2.1 Government-led investments to implement IoT solutions to drive market
10.2.3 CANADA
10.2.3.1 Rising establishment of data centers to fuel market growth
10.3 EUROPE
10.3.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN EUROPE
FIGURE 57 EUROPE: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 67 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 68 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 69 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 70 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 71 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 72 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 73 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 74 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 75 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 76 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.3.2 UK
10.3.2.1 Presence of robust digital infrastructure to fuel market growth
10.3.3 GERMANY
10.3.3.1 Increased adoption of IoT solutions by automotive and manufacturing sectors to boost demand
10.3.4 FRANCE
10.3.4.1 Rising demand for portable electronics in various sectors to drive market
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ASIA PACIFIC
FIGURE 58 ASIA PACIFIC: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 77 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 78 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 79 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 80 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 81 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 82 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 83 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 84 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 85 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 86 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.4.2 CHINA
10.4.2.1 Booming manufacturing sector to drive market
10.4.3 JAPAN
10.4.3.1 Rising emphasis on developing robotics to boost demand
10.4.4 SOUTH KOREA
10.4.4.1 Growing R&D for IoT technologies to drive market growth
10.4.5 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
TABLE 87 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 88 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 89 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 90 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 91 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 92 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 93 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 94 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 95 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 96 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.5.1 MEXICO
10.5.1.1 Rising preference for new technologies in manufacturing sector to fuel market growth
10.5.2 BRAZIL
10.5.2.1 Growing demand for smart home devices and wearables to drive market
10.5.3 COLOMBIA
10.5.3.1 Growing focus on developing manufacturing, construction, and agriculture sectors to boost demand
10.5.4 REST OF LATIN AMERICA
10.6 ROW
10.6.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ROW
TABLE 97 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 98 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 99 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 100 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 101 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 102 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 103 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 104 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 105 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 106 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 107 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 108 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.6.2 MIDDLE EAST
10.6.2.1 Increasing emphasis on developing IT infrastructure to drive market
10.6.2.2 GCC
10.6.2.3 Rest of Middle East
10.6.3 AFRICA
10.6.3.1 Significant development in cellular technologies to drive market
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
TABLE 109 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
11.3 REVENUE ANALYSIS, 2019–2023
FIGURE 59 IOT TECHNOLOGY MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
11.4 MARKET SHARE ANALYSIS, 2023
FIGURE 60 IOT TECHNOLOGY MARKET SHARE ANALYSIS, 2023
TABLE 110 IOT TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2023
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
FIGURE 61 IOT TECHNOLOGY MARKET: COMPANY VALUATION, 2024 (USD BILLION)
FIGURE 62 IOT TECHNOLOGY MARKET: FINANCIAL METRICS (EV/EBITDA), 2022
11.6 BRAND/PRODUCT COMPARISON
FIGURE 63 BRAND/PRODUCT COMPARISON
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
FIGURE 64 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.7.5.1 Company footprint
FIGURE 65 IOT TECHNOLOGY MARKET: COMPANY FOOTPRINT
11.7.5.2 Node component footprint
TABLE 111 IOT TECHNOLOGY MARKET: NODE COMPONENT FOOTPRINT
11.7.5.3 Software solution footprint
TABLE 112 IOT TECHNOLOGY MARKET: SOFTWARE SOLUTION FOOTPRINT
11.7.5.4 Service footprint
TABLE 113 IOT TECHNOLOGY MARKET: SERVICE FOOTPRINT
11.7.5.5 End-use application footprint
TABLE 114 IOT TECHNOLOGY MARKET: END-USE APPLICATION FOOTPRINT
11.7.5.6 Region footprint
TABLE 115 IOT TECHNOLOGY MARKET: REGION FOOTPRINT
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
FIGURE 66 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.8.5.1 List of key startups/SMEs
TABLE 116 IOT TECHNOLOGY MARKET: LIST OF KEY STARTUPS/SMES
11.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 117 IOT TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.9 COMPETITIVE SCENARIOS AND TRENDS
11.9.1 PRODUCT LAUNCHES
TABLE 118 IOT TECHNOLOGY MARKET: PRODUCT LAUNCHES, JANUARY 2022–JANUARY 2024
11.9.2 DEALS
TABLE 119 IOT TECHNOLOGY MARKET: DEALS, JANUARY 2022–JANUARY 2024
11.9.3 EXPANSIONS
TABLE 120 IOT TECHNOLOGY MARKET: EXPANSIONS, JANUARY 2022–JANUARY 2024
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 INTEL CORPORATION
TABLE 121 INTEL CORPORATION: COMPANY OVERVIEW
FIGURE 67 INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 122 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 123 INTEL CORPORATION: PRODUCT LAUNCHES
TABLE 124 INTEL CORPORATION: DEALS
12.2.2 QUALCOMM TECHNOLOGIES, INC.
TABLE 125 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
FIGURE 68 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 126 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 128 QUALCOMM TECHNOLOGIES, INC.: DEALS
12.2.3 TEXAS INSTRUMENTS INCORPORATED
TABLE 129 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
FIGURE 69 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
TABLE 130 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 TEXAS INSTRUMENTS: EXPANSIONS
12.2.4 STMICROELECTRONICS
TABLE 132 STMICROELECTRONICS: COMPANY OVERVIEW
FIGURE 70 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 133 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 STMICROELECTRONICS: PRODUCT LAUNCHES
TABLE 135 STMICROELECTRONICS: DEALS
12.2.5 IBM
TABLE 136 IBM: COMPANY OVERVIEW
FIGURE 71 IBM: COMPANY SNAPSHOT
TABLE 137 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 IBM: PRODUCT LAUNCHES
TABLE 139 IBM: DEALS
12.2.6 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
TABLE 140 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY OVERVIEW
FIGURE 72 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY SNAPSHOT
TABLE 141 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: DEALS
TABLE 143 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: EXPANSIONS
12.2.7 CISCO SYSTEMS, INC.
TABLE 144 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 73 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 145 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES
TABLE 147 CISCO SYSTEMS, INC.: DEALS
12.2.8 MICROSOFT
TABLE 148 MICROSOFT: COMPANY OVERVIEW
FIGURE 74 MICROSOFT: COMPANY SNAPSHOT
TABLE 149 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 150 MICROSOFT: DEALS
12.2.9 PTC
TABLE 151 PTC: COMPANY OVERVIEW
FIGURE 75 PTC: COMPANY SNAPSHOT
TABLE 152 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 PTC: PRODUCT LAUNCHES
TABLE 154 PTC: DEALS
12.2.10 AMAZON WEB SERVICES, INC.
TABLE 155 AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW
FIGURE 76 AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT
TABLE 156 AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 157 AMAZON WEB SERVICES, INC.: PRODUCT LAUNCHES
TABLE 158 AMAZON WEB SERVICES, INC.: DEALS
12.3 OTHER PLAYERS
12.3.1 GENERAL ELECTRIC COMPANY
12.3.2 SOFTEQ DEVELOPMENT CORP.
12.3.3 SCIENCESOFT USA CORPORATION
12.3.4 ORACLE
12.3.5 SIEMENS
12.3.6 SAP SE
12.3.7 ROBERT BOSCH GMBH
12.3.8 HUAWEI TECHNOLOGIES CO., LTD.
12.3.9 SCHNEIDER ELECTRIC
12.3.10 ARM LIMITED
12.3.11 NXP SEMICONDUCTORS
12.3.12 TE CONNECTIVITY
12.3.13 SOFTWARE AG
12.3.14 MICROCHIP TECHNOLOGY INC.
12.3.15 VATES
12.3.16 CELLHIRE PLC
12.3.17 CLEARBLADE
12.3.18 SOLULAB
12.3.19 KONSTANT INFOSOLUTIONS
12.3.20 BINARIKS INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 IOT TECHNOLOGY MARKET: SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 SRECESSION IMPACT
FIGURE 2 GDP GROWTH PROJECTION FOR MAJOR ECONOMIES, 2021–2023
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 3 IOT TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of key participants for primary interviews
2.1.2.2 Key industry insights
2.1.2.3 Key data from primary sources
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 IMPACT OF RECESSION
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 PROCESSORS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
FIGURE 8 REMOTE MONITORING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 CONSUMER SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029
FIGURE 10 IOT TECHNOLOGY MARKET, BY REGION, 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN IOT TECHNOLOGY MARKET
FIGURE 11 INCREASING DEMAND FROM AUTOMOTIVE & TRANSPORTATION SECTOR TO FUEL MARKET GROWTH
4.2 IOT TECHNOLOGY MARKET, BY SERVICE
FIGURE 12 MANAGED SERVICES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.3 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
FIGURE 13 AEROSPACE & DEFENSE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.4 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION AND COUNTRY
FIGURE 14 AUTOMOTIVE & TRANSPORTATION AND US HELD LARGEST SHARES OF NORTH AMERICA IOT MARKET IN 2023
4.5 IOT TECHNOLOGY MARKET, BY COUNTRY
FIGURE 15 CHINA TO DOMINATE GLOBAL IOT TECHNOLOGY MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 IOT TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Global rise in internet penetration
FIGURE 17 GLOBAL INTERNET PENETRATION TILL 2024, BY REGION
5.2.1.2 Growing adoption of cloud platforms
5.2.1.3 Proliferation of wireless sensor networks
5.2.1.4 Increasing adoption of IPv6
FIGURE 18 ADOPTION RATE OF IPV6, BY COUNTRY, 2023
FIGURE 19 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Data security and privacy concerns
FIGURE 20 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing cross-domain collaborations
FIGURE 21 CROSS-DOMAIN COLLABORATIONS USING IOT
5.2.3.2 Government-led funding to develop IoT research projects
5.2.3.3 Emergence of connected care in healthcare sector
5.2.3.4 Increasing demand for HEVs and EVs
5.2.3.5 Growing safety concerns with rising urbanization
FIGURE 22 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Interoperability challenges and lack of common standards
5.2.4.2 High power consumption by wireless sensor terminals/connected devices
5.2.4.3 Lack of skilled professionals
FIGURE 23 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 24 IOT TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
5.3.1 R&D ENGINEERS
5.3.2 RAW MATERIAL AND COMPONENT SUPPLIERS
5.3.3 SOFTWARE SOLUTION PROVIDERS
5.3.4 IOT SYSTEM INTEGRATORS
5.3.5 SUPPLIERS AND DISTRIBUTORS
5.3.6 END USERS
5.4 ECOSYSTEM ANALYSIS
FIGURE 25 IOT TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
TABLE 1 ROLES OF COMPANIES IN IOT TECHNOLOGY ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 Integration of AI with IoT
5.6.1.2 Integration of ML with IoT
5.6.2 COMPLEMENTARY TECHNOLOGIES
5.6.2.1 Digital twin
5.6.3 ADJACENT TECHNOLOGIES
5.6.3.1 Edge computing
5.6.3.2 Wi-Fi
5.6.3.3 Cloud computing
5.6.3.4 Big data analytics
5.7 PORTER'S FIVE FORCES ANALYSIS
FIGURE 27 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 2 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION
TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%)
5.8.2 BUYING CRITERIA
FIGURE 29 KEY BUYING CRITERIA, BY END-USE APPLICATION
TABLE 4 KEY BUYING CRITERIA, BY END-USE APPLICATION
5.9 CASE STUDY ANALYSIS
5.9.1 SOLULAB INC. ASSISTED ENMATRIX TO DEVELOP IOT MOBILE APPLICATION FOR SMART BUILDINGS AND YACHT MANAGEMENT
5.9.2 SOLULAB INC. HELPED GEARNETICS TO DEVELOP ADVANCED IOT FLEET MANAGEMENT SOLUTIONS
5.9.3 SANXING AND TELENOR CONNEXION FACILITATED LEADING SWEDISH ENERGY SUPPLIER TO IMPLEMENT IOT-BASED METERING SOLUTION FOR CONNECTING SMART METERS
5.9.4 ISA MINIMIZED EQUIPMENT BREAKDOWN WITH IOT-ENABLED PREDICTIVE MAINTENANCE SOLUTION
5.9.5 TELENOR ASSISTED SWEGON IN IMPLEMENTING IOT-BASED CLIMATE CONTROL SYSTEMS
5.10 TARIFF, STANDARD, AND REGULATORY LANDSCAPE
TABLE 5 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 6 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY CHINA
TABLE 7 STANDARDS FOR IOT TECHNOLOGY MARKET
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11 PRICING ANALYSIS
5.11.1 INDICATIVE PRICING TREND, BY NODE COMPONENT
TABLE 12 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2023 (USD)
FIGURE 30 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2020–2029 (USD)
5.11.2 INDICATIVE PRICING TREND OF KEY PLAYERS, BY NODE COMPONENT, 2023
FIGURE 31 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023
TABLE 13 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023 (USD)
5.11.3 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 32 AVERAGE SELLING PRICE TREND OF LOGIC DEVICES, BY REGION, 2020–2029 (USD)
5.12 TRADE ANALYSIS
5.12.1 TRADE ANALYSIS FOR HVAC SYSTEMS
5.12.1.1 Import scenario (HS code 841510)
FIGURE 33 IMPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.1.2 Export scenario (HS code 841510)
FIGURE 34 EXPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2 TRADE ANALYSIS FOR VIDEO SURVEILLANCE SYSTEMS
5.12.2.1 Import scenario (HS code 852580)
FIGURE 35 IMPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2.2 Export scenario (HS code 852580)
FIGURE 36 EXPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.3 TRADE ANALYSIS FOR FIRE PROTECTION SYSTEMS
5.12.3.1 Import scenario (HS code 842410)
FIGURE 37 IMPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.3.2 Export scenario (HS code 842410)
FIGURE 38 EXPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.13 PATENT ANALYSIS
FIGURE 39 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022
TABLE 14 LIST OF MAJOR PATENTS APPLIED/GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022
TABLE 15 PATENT REGISTRATIONS RELATED TO IOT TECHNOLOGY, 2022–2023
5.14 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 16 IOT TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
5.15 INVESTMENT AND FUNDING SCENARIO
FIGURE 40 GLOBAL VENTURE-CAPITAL INVESTMENT IN IOT STARTUPS (USD BILLION)
6 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION
6.1 INTRODUCTION
FIGURE 41 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION
FIGURE 42 REMOTE MONITORING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 17 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 18 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
6.2 REAL-TIME STREAMING ANALYTICS
6.2.1 ABILITY TO ANALYZE DATA GENERATED IN DIFFERENT FORMATS IN REAL TIME TO BOOST DEMAND
6.3 SECURITY SOLUTIONS
6.3.1 RISING NEED TO SECURE NETWORK OF CONNECTED DEVICES TO FUEL MARKET GROWTH
6.4 DATA MANAGEMENT
6.4.1 RISING NEED TO UNDERSTAND DATA PATTERNS AND DEVELOP LOGICAL INFORMATION TO BOOST DEMAND
6.5 REMOTE MONITORING
6.5.1 RISING DEPLOYMENT IN SMART GRIDS, PIPELINE SENSORS, AND SERVER MONITORING TO FOSTER SEGMENTAL GROWTH
6.6 NETWORK BANDWIDTH MANAGEMENT
6.6.1 ABILITY TO INCREASE NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION TO DRIVE MARKET
7 IOT TECHNOLOGY MARKET, BY PLATFORM
7.1 INTRODUCTION
FIGURE 43 IOT TECHNOLOGY MARKET, BY PLATFORM
FIGURE 44 NETWORK MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
TABLE 19 IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 20 IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
7.2 DEVICE MANAGEMENT
7.2.1 GROWING REQUIREMENT TO MANAGE ACCESS AND CONTROL OVER IOT DEVICES TO FUEL MARKET GROWTH
7.3 APPLICATION MANAGEMENT
7.3.1 RISING NEED FOR EFFECTIVE MONITORING AND REMOTE DEVICE MANAGEMENT TO BOOST DEMAND
7.4 NETWORK MANAGEMENT
7.4.1 ABILITY TO PREVENT NETWORK CRASHES DUE TO HIGH AMOUNT OF DATA TRANSFERS TO DRIVE DEMAND
8 IOT TECHNOLOGY MARKET, BY SERVICE
8.1 INTRODUCTION
FIGURE 45 IOT TECHNOLOGY MARKET, BY SERVICE
FIGURE 46 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 21 IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD MILLION)
TABLE 22 IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD MILLION)
8.2 PROFESSIONAL SERVICES
8.2.1 INCREASING DEMAND FOR CONNECTED DEVICES IN INDUSTRIAL AND TRANSPORTATION SECTORS TO BOOST DEMAND
FIGURE 47 PROFESSIONAL SERVICES OFFERED BY IOT
8.2.2 BUSINESS PLANNING
8.2.3 SYSTEM DESIGN
8.2.4 SECURITY
8.2.5 SOFTWARE/PLATFORM DEVELOPMENT & INTEGRATION
8.2.6 OPERATIONAL SUPPORT AND MAINTENANCE
8.2.7 DELIVERY AND DEPLOYMENT
8.3 MANAGED SERVICES
8.3.1 INCREASING ADOPTION OF OUTSOURCED MANAGED SERVICES TO DRIVE DEMAND
FIGURE 48 MANAGED SERVICES OFFERED BY IOT
8.3.1.1 Streamline operations
8.3.2 OPTIMIZE PERSONNEL
8.3.3 MANAGE IOT COSTS
8.3.4 ENHANCE VISIBILITY
9 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
9.1 INTRODUCTION
FIGURE 49 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
TABLE 23 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 24 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2024–2029 (USD BILLION)
FIGURE 50 CONSUMER SEGMENT TO HOLD LARGER MARKET SHARE FROM IN 2024
TABLE 25 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 26 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION)
FIGURE 51 BUILDING AUTOMATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
TABLE 27 CONSUMER: IOT TECHNOLOGY MARKET FOR, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION)
TABLE 28 CONSUMER: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION )
9.2 INDUSTRIAL
TABLE 29 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 30 IOT TECHNOLOGY MARKET FOR INDUSTRIAL, BY NODE COMPONENT, 2024–2029 (USD BILLION)
9.2.1 HEALTHCARE
9.2.1.1 Growing chronic illness among expanding population to boost demand
TABLE 31 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)
TABLE 32 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)
9.2.1.2 IoT technology-based products used in healthcare sector
9.2.1.2.1 Fitness & heart rate monitors
9.2.1.2.2 Blood pressure monitors
9.2.1.2.3 Blood glucose meters
9.2.1.2.4 Continuous glucose monitors
9.2.1.2.5 Pulse oximeters
9.2.1.2.6 Automated external defibrillators
9.2.1.2.7 Programmable syringe pumps
9.2.1.2.8 Wearable injectors
9.2.1.2.9 Multiparameter monitors
9.2.1.2.10 Fall detectors
9.2.1.2.11 Smart pill dispensers
9.2.1.2.12 Gateways
9.2.2 AUTOMOTIVE & TRANSPORTATION
9.2.2.1 Increasing demand for connected automobile services to drive market
TABLE 33 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 34 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.2.2 IoT technology-based products used in automotive & transportation sector
9.2.2.2.1 Connected cars
9.2.2.2.1.1 Level 1 – Driver Assistance
9.2.2.2.1.2 Level 2 – Partial Automation
9.2.2.2.1.3 Level 3 – Conditional Automation
9.2.2.2.1.4 Level 4 – High Automation
9.2.2.2.2 Ultrasonic sensors
9.2.2.2.3 Camera/Image sensors
9.2.2.2.4 Radars
9.2.2.2.5 LiDAR
9.2.2.2.6 Infrared detectors
9.2.2.3 In-car infotainment
9.2.2.4 Traffic management
9.2.2.4.1 Vehicle detection sensors
9.2.2.4.2 Pedestrian presence sensors
9.2.2.4.3 Speed sensors
9.2.2.4.4 Thermal cameras
9.2.2.4.5 Automated incident detection cameras
9.2.2.5 Public transport/Mass transit
9.2.2.6 E-tolls
9.2.2.7 Gateways
9.2.3 BUILDING AUTOMATION
9.2.3.1 Increased awareness regarding energy conservation to boost demand
TABLE 35 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 36 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.2.3.2 IoT technology-based products used in building automation sector
9.2.3.2.1 Occupancy sensors
9.2.3.2.2 Daylight sensors
9.2.3.2.3 Smart thermostats
9.2.3.2.4 IP cameras
9.2.3.2.5 Smart meters
9.2.3.2.6 Smart locks
9.2.3.2.7 Smoke detectors
9.2.3.2.8 Gateways
9.2.4 MANUFACTURING
9.2.4.1 Adoption of Industry 4.0 & 5.0 principles to boost demand
TABLE 37 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 38 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.4.2 IoT technology-based products used in manufacturing sector
9.2.4.2.1 Temperature sensors
9.2.4.2.2 Pressure sensors
9.2.4.2.3 Level sensors
9.2.4.2.4 Flow sensors
9.2.4.2.5 Chemical sensors
9.2.4.2.6 Humidity sensors
9.2.4.2.7 Motion & position sensors
9.2.4.2.8 Image sensors
9.2.4.2.9 Gateways
9.2.5 RETAIL
9.2.5.1 Growing popularity of digital signage and intelligent vending machines to fuel market growth
TABLE 39 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 40 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.2.5.2 IoT technology-based products used in retail sector
9.2.5.2.1 Intelligent vending machines
9.2.5.2.2 Contactless checkout
9.2.5.2.3 Smart mirrors
9.2.5.2.4 Smart shopping carts
9.2.5.2.5 Digital signage
9.2.5.2.6 Smart tags
9.2.5.2.7 Wireless beacons
9.2.5.2.8 Gateways
9.2.6 BFSI
9.2.6.1 Increasing deployment of IoT technology with rising competition in Fintech sector to drive market
FIGURE 52 KEY APPLICATION AREAS OF IOT IN BFSI SECTOR
TABLE 41 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 42 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.6.2 IoT technology-based products in BFSI sector
9.2.6.2.1 Mobile point of sale
9.2.6.2.2 Smart kiosk/Interactive kiosk
9.2.6.2.3 Gateways
9.2.7 OIL & GAS
9.2.7.1 Rising convergence of machines and intelligent data to drive market
TABLE 43 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD THOUSAND)
TABLE 44 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD THOUSAND)
9.2.7.2 IoT technology-based products in oil & gas industry
9.2.7.2.1 Temperature sensors
9.2.7.2.2 Pressure sensors
9.2.7.2.3 Level sensors
9.2.7.2.4 Flow sensors
9.2.7.2.5 Image sensors
9.2.7.2.6 Other sensors
9.2.7.2.7 Gateways
9.2.8 AGRICULTURE
9.2.8.1 Ability to monitor crop status and analyze soil conditions to drive market
FIGURE 53 IOT IN AGRICULTURE SECTOR
TABLE 45 AGRICULTURE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 46 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2024–2029 (USD MILLION)
9.2.8.2 IoT technology-based products used in agriculture sector
9.2.8.2.1 Climate sensors
9.2.8.2.2 Soil moisture sensors
9.2.8.2.3 Level sensors
9.2.8.2.4 Gateways
9.2.9 AEROSPACE & DEFENSE
9.2.9.1 Rising focus on improving efficiency, passenger safety, security, and experience to boost demand
TABLE 47 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 48 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.9.2 IoT technology-based products used in aerospace & defense sector
9.2.9.2.1 Smart baggage tags
9.2.9.2.2 Smart beacons
9.2.9.2.3 ePassport gates
9.2.9.2.4 Drones/Unmanned aerial vehicles
9.2.9.2.5 Gateways
9.3 CONSUMER
TABLE 49 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 50 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION)
9.3.1 WEARABLE DEVICES
9.3.1.1 Escalating demand for smartwatches to boost demand
9.3.1.2 IoT technology-based products used in wearable device industry
9.3.1.2.1 Activity monitors
9.3.1.2.2 Smartwatches
9.3.1.2.3 Smart glasses
9.3.1.2.4 Body-worn cameras
9.3.1.2.5 Panic/SOS buttons
9.3.1.2.6 Smart locators
9.3.1.2.7 Smart water purifiers
9.3.1.2.8 Identity authenticators
9.3.1.2.9 Thermal bracelets
9.3.1.2.10 Safe driving ingestible pills
TABLE 51 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 52 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION)
9.3.2 CONSUMER ELECTRONICS
9.3.2.1 Ability to measure and control energy usage to boost demand
9.3.2.2 IoT technology-based products used in consumer electronics industry
9.3.2.2.1 Smart lighting devices
9.3.2.2.2 Smart TVs
9.3.2.2.3 Smart washing machines
9.3.2.2.4 Smart dryers
9.3.2.2.5 Smart refrigerators
9.3.2.2.6 Smart ovens
9.3.2.2.7 Smart cooktops
9.3.2.2.8 Smart cookers
9.3.2.2.9 Smart deep freezers
9.3.2.2.10 Smart dishwashers
9.3.2.2.11 Smart coffee makers
9.3.2.2.12 Smart kettles
9.3.2.2.13 Gateways
TABLE 53 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION)
TABLE 54 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
10 IOT TECHNOLOGY MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 54 IOT TECHNOLOGY MARKET, BY REGION
FIGURE 55 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 55 IOT TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD BILLION)
TABLE 56 IOT TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD BILLION)
10.2 NORTH AMERICA
10.2.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN NORTH AMERICA
FIGURE 56 NORTH AMERICA: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 57 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 58 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 59 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 60 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION)
TABLE 61 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 62 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 63 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 64 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 65 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 66 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.2.2 US
10.2.2.1 Government-led investments to implement IoT solutions to drive market
10.2.3 CANADA
10.2.3.1 Rising establishment of data centers to fuel market growth
10.3 EUROPE
10.3.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN EUROPE
FIGURE 57 EUROPE: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 67 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 68 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 69 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 70 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 71 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 72 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 73 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 74 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 75 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 76 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.3.2 UK
10.3.2.1 Presence of robust digital infrastructure to fuel market growth
10.3.3 GERMANY
10.3.3.1 Increased adoption of IoT solutions by automotive and manufacturing sectors to boost demand
10.3.4 FRANCE
10.3.4.1 Rising demand for portable electronics in various sectors to drive market
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ASIA PACIFIC
FIGURE 58 ASIA PACIFIC: IOT TECHNOLOGY MARKET SNAPSHOT
TABLE 77 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 78 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 79 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 80 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 81 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 82 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 83 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 84 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 85 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 86 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.4.2 CHINA
10.4.2.1 Booming manufacturing sector to drive market
10.4.3 JAPAN
10.4.3.1 Rising emphasis on developing robotics to boost demand
10.4.4 SOUTH KOREA
10.4.4.1 Growing R&D for IoT technologies to drive market growth
10.4.5 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
TABLE 87 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 88 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 89 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 90 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 91 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 92 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 93 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 94 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 95 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 96 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.5.1 MEXICO
10.5.1.1 Rising preference for new technologies in manufacturing sector to fuel market growth
10.5.2 BRAZIL
10.5.2.1 Growing demand for smart home devices and wearables to drive market
10.5.3 COLOMBIA
10.5.3.1 Growing focus on developing manufacturing, construction, and agriculture sectors to boost demand
10.5.4 REST OF LATIN AMERICA
10.6 ROW
10.6.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ROW
TABLE 97 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 98 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 99 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 100 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
TABLE 101 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION)
TABLE 102 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION)
TABLE 103 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION)
TABLE 104 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION)
TABLE 105 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION)
TABLE 106 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION)
TABLE 107 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION)
TABLE 108 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION)
10.6.2 MIDDLE EAST
10.6.2.1 Increasing emphasis on developing IT infrastructure to drive market
10.6.2.2 GCC
10.6.2.3 Rest of Middle East
10.6.3 AFRICA
10.6.3.1 Significant development in cellular technologies to drive market
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
TABLE 109 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
11.3 REVENUE ANALYSIS, 2019–2023
FIGURE 59 IOT TECHNOLOGY MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
11.4 MARKET SHARE ANALYSIS, 2023
FIGURE 60 IOT TECHNOLOGY MARKET SHARE ANALYSIS, 2023
TABLE 110 IOT TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2023
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
FIGURE 61 IOT TECHNOLOGY MARKET: COMPANY VALUATION, 2024 (USD BILLION)
FIGURE 62 IOT TECHNOLOGY MARKET: FINANCIAL METRICS (EV/EBITDA), 2022
11.6 BRAND/PRODUCT COMPARISON
FIGURE 63 BRAND/PRODUCT COMPARISON
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
FIGURE 64 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.7.5.1 Company footprint
FIGURE 65 IOT TECHNOLOGY MARKET: COMPANY FOOTPRINT
11.7.5.2 Node component footprint
TABLE 111 IOT TECHNOLOGY MARKET: NODE COMPONENT FOOTPRINT
11.7.5.3 Software solution footprint
TABLE 112 IOT TECHNOLOGY MARKET: SOFTWARE SOLUTION FOOTPRINT
11.7.5.4 Service footprint
TABLE 113 IOT TECHNOLOGY MARKET: SERVICE FOOTPRINT
11.7.5.5 End-use application footprint
TABLE 114 IOT TECHNOLOGY MARKET: END-USE APPLICATION FOOTPRINT
11.7.5.6 Region footprint
TABLE 115 IOT TECHNOLOGY MARKET: REGION FOOTPRINT
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
FIGURE 66 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.8.5.1 List of key startups/SMEs
TABLE 116 IOT TECHNOLOGY MARKET: LIST OF KEY STARTUPS/SMES
11.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 117 IOT TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.9 COMPETITIVE SCENARIOS AND TRENDS
11.9.1 PRODUCT LAUNCHES
TABLE 118 IOT TECHNOLOGY MARKET: PRODUCT LAUNCHES, JANUARY 2022–JANUARY 2024
11.9.2 DEALS
TABLE 119 IOT TECHNOLOGY MARKET: DEALS, JANUARY 2022–JANUARY 2024
11.9.3 EXPANSIONS
TABLE 120 IOT TECHNOLOGY MARKET: EXPANSIONS, JANUARY 2022–JANUARY 2024
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 INTEL CORPORATION
TABLE 121 INTEL CORPORATION: COMPANY OVERVIEW
FIGURE 67 INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 122 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 123 INTEL CORPORATION: PRODUCT LAUNCHES
TABLE 124 INTEL CORPORATION: DEALS
12.2.2 QUALCOMM TECHNOLOGIES, INC.
TABLE 125 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
FIGURE 68 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 126 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 128 QUALCOMM TECHNOLOGIES, INC.: DEALS
12.2.3 TEXAS INSTRUMENTS INCORPORATED
TABLE 129 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
FIGURE 69 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
TABLE 130 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 TEXAS INSTRUMENTS: EXPANSIONS
12.2.4 STMICROELECTRONICS
TABLE 132 STMICROELECTRONICS: COMPANY OVERVIEW
FIGURE 70 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 133 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 STMICROELECTRONICS: PRODUCT LAUNCHES
TABLE 135 STMICROELECTRONICS: DEALS
12.2.5 IBM
TABLE 136 IBM: COMPANY OVERVIEW
FIGURE 71 IBM: COMPANY SNAPSHOT
TABLE 137 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 IBM: PRODUCT LAUNCHES
TABLE 139 IBM: DEALS
12.2.6 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
TABLE 140 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY OVERVIEW
FIGURE 72 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY SNAPSHOT
TABLE 141 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: DEALS
TABLE 143 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: EXPANSIONS
12.2.7 CISCO SYSTEMS, INC.
TABLE 144 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 73 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 145 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES
TABLE 147 CISCO SYSTEMS, INC.: DEALS
12.2.8 MICROSOFT
TABLE 148 MICROSOFT: COMPANY OVERVIEW
FIGURE 74 MICROSOFT: COMPANY SNAPSHOT
TABLE 149 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 150 MICROSOFT: DEALS
12.2.9 PTC
TABLE 151 PTC: COMPANY OVERVIEW
FIGURE 75 PTC: COMPANY SNAPSHOT
TABLE 152 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 PTC: PRODUCT LAUNCHES
TABLE 154 PTC: DEALS
12.2.10 AMAZON WEB SERVICES, INC.
TABLE 155 AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW
FIGURE 76 AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT
TABLE 156 AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 157 AMAZON WEB SERVICES, INC.: PRODUCT LAUNCHES
TABLE 158 AMAZON WEB SERVICES, INC.: DEALS
12.3 OTHER PLAYERS
12.3.1 GENERAL ELECTRIC COMPANY
12.3.2 SOFTEQ DEVELOPMENT CORP.
12.3.3 SCIENCESOFT USA CORPORATION
12.3.4 ORACLE
12.3.5 SIEMENS
12.3.6 SAP SE
12.3.7 ROBERT BOSCH GMBH
12.3.8 HUAWEI TECHNOLOGIES CO., LTD.
12.3.9 SCHNEIDER ELECTRIC
12.3.10 ARM LIMITED
12.3.11 NXP SEMICONDUCTORS
12.3.12 TE CONNECTIVITY
12.3.13 SOFTWARE AG
12.3.14 MICROCHIP TECHNOLOGY INC.
12.3.15 VATES
12.3.16 CELLHIRE PLC
12.3.17 CLEARBLADE
12.3.18 SOLULAB
12.3.19 KONSTANT INFOSOLUTIONS
12.3.20 BINARIKS INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The term ‘Internet of Things’, from its early introduction in 1990s by Mark Weiser, has evolved greatly, and now has taken the center stage. The potential benefits from technologies associated with the Internet of Things (IoT) lies in the intersection of multiple capabilities.
This report, based on the extensive research study on the Internet of Things market, is aimed at identifying the main application verticals, where the Internet of Things is going to bring about a game-changing revolution in the years to come; particularly in segments such as, building automation, consumer, wearable electronics, industrial, automotive & transportation, and agriculture.
The building automation application comprises markets such as smart HVAC control, lighting control, security & access control, and other IoT-enabled products. Consumer applications cover various consumer-operated electronic devices such as tablets, smartphones, and smart TVs. The segment on wearable electronics covers the entire wearable electronic market, categorized in terms of components; products such as wrist-wear, eye-wear, foot-wear, neck-wear, and body-wear; and applications. The industrial application segment includes smart grid devices and components along with wired and wireless field devices in the industrial network. The automotive & transportation application segment covers two of the rapidly evolving and emerging Internet of Things applications, namely, connected cars and intelligent transportation system. Agriculture, the final application segment discussed, covers precision farming. Various types of wired and wireless communication technologies, standards and protocols such as ZigBee, Bluetooth, EnOcean, Z-Wave, Wi-Fi, NFC, RFID, DALI, NEMA, KNX, Ethernet have been discussed in this report. The report covers the entire spectrum of the market, along with the sub-segments, through extensive and detailed classifications. This report projects the market size for the Americas, EMEA and APAC, in terms of value. The size of various application- and region-wise markets and submarkets of IoT, in terms of value & volume, is estimated and projected till 2020.
IoT applications such as smart meter, smart plug, connected cars, wearable technology are evolving and will further drive opportunities for Internet of Things. Heavy global R&D Investments and government funding in IoT research projects are driving the growth of the IoT market; especially in the U.K., China, and Japan.
This report profiles all the prominent companies involved in the field of Internet of Things such as ARM Ltd.(U.K.), Texas Instruments Incorporated (U.S.), Nest Labs (U.S.), Rockwell Automation, Inc. (U.S.) Axeda Corporation (U.S.), Cisco Systems, Inc. (U.S.), Dassault Systemes (France), Ecobee Inc. (Canada), Intel Corporation (U.S.), Fujitsu Ltd. (Japan), and GainSpan Corporation (U.S.).
