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Internet of Things (IoT) - Global Market Trajectory & Analytics

  • ID: 3345919
  • Report
  • April 2021
  • Region: Global
  • 264 pages
  • Global Industry Analysts, Inc
Global Internet of Things (IoT) Market to Reach $1 Trillion by 2027

Amid the COVID-19 crisis, the global market for Internet of Things (IoT) estimated at US$151.8 Billion in the year 2020, is projected to reach a revised size of US$1 Trillion by 2027, growing at a CAGR of 31.4% over the analysis period 2020-2027. Applications & Analytics, one of the segments analyzed in the report, is projected to record a 37.8% CAGR and reach US$466.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 34.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $45.7 Billion, While China is Forecast to Grow at 29.8% CAGR

The Internet of Things (IoT) market in the U.S. is estimated at US$45.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$169.1 Billion by the year 2027 trailing a CAGR of 29.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.9% and 26.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.

Security Segment to Record 42.1% CAGR

In the global Security segment, USA, Canada, Japan, China and Europe will drive the 42% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.9 Billion in the year 2020 will reach a projected size of US$104.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$118.8 Billion by the year 2027.

Select Competitors (Total 114 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • What is IoT?: A Review of this Intriguing Technology Built for Disruption
  • Recent Market Activity
  • Market Outlook
2. FOCUS ON SELECT PLAYERS
  • IoT Security Solution Providers
  • Bitdefender (Romania)
  • DigiCert (USA)
  • Gemalto N.V. (Netherlands)
  • Karamba Security (USA)
  • Symantec Corporation (USA)
  • Trustwave Holdings, Inc. (USA)
  • Verizon Enterprise Solutions (USA)
  • IoT Cloud Service Providers
  • Amazon Web Services (USA)
  • Google, Inc. (USA)
  • Microsoft Corporation (USA)
  • General Electric Company (USA)
  • Salesforce.com, Inc. (USA)
  • Telit Communications PLC (UK)
  • Zebra Technologies Corporation (USA)
  • IoT Sensor Manufacturers
  • ARM Ltd. (UK)
  • Bosch Software Innovations GmbH (Germany)
  • Honeywell International, Inc. (USA)
  • Infineon Technologies AG (Germany)
  • InvenSense Inc. (USA)
  • IBM Corporation (USA)
  • STMicroelectronics N.V. (Switzerland)
  • IoT Semiconductors/IoT Chips
  • Atmel Corporation (USA)
  • Freescale Semiconductor, Inc. (USA)
  • Intel Corporation (USA)
  • Qualcomm Technologies, Inc. (USA)
  • Texas Instruments (USA)
  • IoT Network Providers
  • AT&T, Inc. (USA)
  • Telefónica S.A. (Spain)
  • Vodafone Group Plc (UK)
  • Verizon Communications, Inc. (USA)
  • Other IoT Solution Providers
  • Ayla Networks (USA)
  • B-Scada (USA)
  • CLX Communications (Sweden)
  • ErgoTech Systems (USA)
  • Fujitsu Limited (Japan)
  • Greenwave Systems (USA)
  • Ingenu Inc. (USA)
  • Silver Spring Networks (USA)
  • Samsung Electronics Co., Ltd (South Korea)
  • SAP SE (Germany)
3. MARKET TRENDS & DRIVERS
  • IoT: A Transformational Force to Reckon with in the Modern Connected World
  • Gradual Categorical Realization of Promised Benefits Drives VC Interest in IoT
  • A Peek into the Massive Potential and True Scale of IoT Opportunity
  • Falling Sensor Costs Drive Proliferation of IoT
  • Developments in Big Data Analytics Play an Instrumental Role in Driving Real World Commercial Benefits and Thereby Success of IoT
  • Prescriptive Analytics Emerges as the Most Potent Big Data Tool to Drive Value of IoT Implementations
  • Omnipresence of Smartphones, Tablets & Declining Price of Connected Devices Rank as One of the Major Factors Driving Adoption of IoT
  • Developments in Internet and Broadband Technologies Provide the Foundation for the IoT Ecosystem
  • Growing Investments in 4G/LTE & 5G to Strengthen the Robustness of Cellular IoT Especially in LPWAN Applications
  • Rise of Wireless Short-Range Networking Technologies to Benefit Penetration of Low Resource IoT Devices
  • Wi-Fi Promises to Emerge as a Ubiquitous Connectivity Solution for both Short and Long Range IoT Applications
  • Many Flavors of Bluetooth Widens the Technology's Role in IoT
  • Especially Designed for Device-to-Device Communication, ZigBee Promises to Unify IoT
  • Z-Wave: The Most interoperable Technology Developed for Smart Home Applications
  • Open-Source Thread Networking Protocol Intensifies Competition for IoT Standards
  • Built-in AES128 Encryption Makes 6LoWPAN a Popular Low-Power IoT Wireless Network Solution
  • Other Noteworthy Technologies that Enable Easy Creation of Smart Environment
  • Blockchain to Revolutionize IoT Security & Accelerate Mainstream Adoption of IoT
  • Security Issues: The Cog in the Wheel Impeding IoT Development & Proliferation
  • Blockchain Holds the Answers to Current IoT Security Issues
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 114
Note: Product cover images may vary from those shown
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