Quick Summary:
In the ever-evolving digital landscape, the Internet of Things (IoT) market is projected to significantly expand over the coming years, unlocking innovative opportunities and challenges for businesses worldwide. As represented in our comprehensive market research report, the global IoT market, currently valued at US$1.3 Trillion, is expected to hit an impressive US$3.3 Trillion by 2030. With this growth comes a myriad of unchartered territories and vast potential for business executives to capitalize on, making an understanding of this market crucial.
Beyond mere numbers, our report offers an in-depth study of advanced elements like Data Management and Remote Monitoring, revealing projected growth rates of 13.1% and 14.2% respectively. Including the nuanced landscapes of major markets such as the United States and China, the analysis presents both detailed current insight and forward-looking perspectives. In a highly competitive sphere, your business could greatly benefit from our meticulously constructed report, swiftly identifying opportunities and navigating through the complex IoT market.
Global Internet of Things (IoT) Market to Reach $3.3 Trillion by 2030
The global market for Internet of Things (IoT) estimated at US$1.3 Trillion in the year 2022, is projected to reach a revised size of US$3.3 Trillion by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Data Management, one of the segments analyzed in the report, is projected to record 13.1% CAGR and reach US$1.1 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Remote Monitoring segment is readjusted to a revised 14.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $373.7 Billion, While China is Forecast to Grow at 11.7% CAGR
The Internet of Things (IoT) market in the U.S. is estimated at US$373.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$557.4 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 9.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.Select Competitors (Total 368 Featured) -
- Amazon Web Services, Inc.
- ARM Ltd.
- AT&T, Inc.
- Atmel Corporation
- Ayla Networks
- Bitdefender
- Bosch Software Innovations GmbH
- B-Scada
- CLX Communications
- DigiCert
- ErgoTech Systems
- Freescale Semiconductor, Inc.
- Fujitsu Limited
- Gemalto N.V.
- General Electric Company
- Google, Inc.
- Greenwave Systems
- Honeywell International, Inc.
- IBM Corp.
- Infineon Technologies AG
- Ingenu Inc.
- Intel Corporation
- InvenSense Inc.
- Karamba Security
- Microsoft Corp.
- Qualcomm Technologies, Inc.
- Salesforce.com, Inc.
- Samsung Electronics Co., Ltd.
- SAP SE
- Silver Spring Networks
- STMicroelectronics N.V.
- Symantec Corporation
- Telefónica S.A.
- Telit Communications PLC
- Texas Instruments
- Trustwave Holdings, Inc.
- Verizon Communications, Inc.
- Verizon Enterprise Solutions
- Vodafone Group Plc
- Zebra Technologies Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Internet of Things (IoT)?
What is the growth rate of the Global Market for Internet of Things (IoT)?
What is the forecasted size of the Global Market for Internet of Things (IoT)?
Who are the key companies in the Global Market for Internet of Things (IoT)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 436 |
| Published | December 2023 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 925.2 Billion |
| Forecasted Market Value ( USD | $ 2200 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amazon Web Services, Inc.
- ARM Ltd.
- AT&T, Inc.
- Atmel Corporation
- Ayla Networks
- Bitdefender
- Bosch Software Innovations GmbH
- B-Scada
- CLX Communications
- DigiCert
- ErgoTech Systems
- Freescale Semiconductor, Inc.
- Fujitsu Limited
- Gemalto N.V.
- General Electric Company
- Google, Inc.
- Greenwave Systems
- Honeywell International, Inc.
- IBM Corp.
- Infineon Technologies AG
- Ingenu Inc.
- Intel Corporation
- InvenSense Inc.
- Karamba Security
- Microsoft Corp.
- Qualcomm Technologies, Inc.
- Salesforce.com, Inc.
- Samsung Electronics Co., Ltd.
- SAP SE
- Silver Spring Networks
- STMicroelectronics N.V.
- Symantec Corporation
- Telefónica S.A.
- Telit Communications PLC
- Texas Instruments
- Trustwave Holdings, Inc.
- Verizon Communications, Inc.
- Verizon Enterprise Solutions
- Vodafone Group Plc
- Zebra Technologies Corporation
