The global market for Internet of Things (IoT) is estimated at US$1.1 Trillion in 2023 and is projected to reach US$3.1 Trillion by 2030, growing at a CAGR of 15.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Several key drivers are propelling the growth and adoption of IoT technologies. The increasing emphasis on data-driven decision-making across businesses is boosting the deployment of IoT for its comprehensive data collection capabilities, which are crucial for optimizing processes and reducing operational costs. Consumer expectations for greater connectivity and convenience are accelerating IoT adoption in personal electronics, smart home technology, and healthcare, where IoT devices offer advanced monitoring and management solutions. Additionally, governmental investments in smart city initiatives and the overarching shift towards Industry 4.0 underscore the expanding role of IoT in improving urban living and manufacturing efficiencies. Other factors such as the rise of remote working and learning, the need for enhanced supply chain transparency, and the integration of IoT with cutting-edge technologies underline the robust and multifaceted growth of IoT, marking it as an essential component of the digital transformation landscape. As IoT technologies continue to advance, they are set to redefine a wide range of industries, offering new opportunities for innovation and requiring sophisticated approaches to security and data management.
Several key drivers are propelling the growth and adoption of IoT technologies. The increasing emphasis on data-driven decision-making across businesses is boosting the deployment of IoT for its comprehensive data collection capabilities, which are crucial for optimizing processes and reducing operational costs. Consumer expectations for greater connectivity and convenience are accelerating IoT adoption in personal electronics, smart home technology, and healthcare, where IoT devices offer advanced monitoring and management solutions. Additionally, governmental investments in smart city initiatives and the overarching shift towards Industry 4.0 underscore the expanding role of IoT in improving urban living and manufacturing efficiencies. Other factors such as the rise of remote working and learning, the need for enhanced supply chain transparency, and the integration of IoT with cutting-edge technologies underline the robust and multifaceted growth of IoT, marking it as an essential component of the digital transformation landscape. As IoT technologies continue to advance, they are set to redefine a wide range of industries, offering new opportunities for innovation and requiring sophisticated approaches to security and data management.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the IoT Software segment, which is expected to reach US$1.6 Trillion by 2030 with a CAGR of a 15.2%. The IoT Hardware segment is also set to grow at 12.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $334.5 Billion in 2023, and China, forecasted to grow at an impressive 14.4% CAGR to reach $528.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Internet of Things (IoT) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Internet of Things (IoT) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Internet of Things (IoT) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amazon Web Services, Inc., ARM Ltd., AT&T, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 436 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.1 Trillion |
| Forecasted Market Value ( USD | $ 3.1 Trillion |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Global |
