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Internet of Things (IoT): Global Strategic Business Report

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    Report

  • 436 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3345919

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

Frequently Asked Questions about the Global Market for Internet of Things (IoT)

What is the estimated value of the Global Market for Internet of Things (IoT)?

The Global Market for Internet of Things (IoT) was estimated to be valued at $925.2 Billion in 2020.

What is the growth rate of the Global Market for Internet of Things (IoT)?

The growth rate of the Global Market for Internet of Things (IoT) is 13.2%, with an estimated value of $2200 Billion by 2027.

What is the forecasted size of the Global Market for Internet of Things (IoT)?

The Global Market for Internet of Things (IoT) is estimated to be worth $2200 Billion by 2027.

Who are the key companies in the Global Market for Internet of Things (IoT)?

Key companies in the Global Market for Internet of Things (IoT) include Amazon Web Services, Inc., ARM Ltd., AT&T, Inc., Atmel Corporation, Ayla Networks, Bitdefender, Bosch Software Innovations GmbH, B, Scada and CLX Communications.

Table of Contents

I. METHODOLOGYII. 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
  • Internet of Things (IoT) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
  • Table 1: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Internet of Things (IoT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Internet of Things (IoT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Internet of Things (IoT) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Data Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Data Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Data Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Remote Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Remote Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Remote Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Network Bandwidth Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Network Bandwidth Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Network Bandwidth Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Real-Time Streaming Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Real-Time Streaming Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Real-Time Streaming Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Energy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 39: World 16-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 40: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 41: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 42: World 16-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 43: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 44: World Historic Review for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 45: World 16-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 46: World Internet of Things (IoT) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Internet of Things (IoT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
REST OF WORLDIV. COMPETITION

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