This report provides the strategists, marketers and senior management with the critical information they need to assess the global internet of things (IoT) market as it emerges from the COVID-19 shut-down.
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Description:
Where is the largest and fastest growing market for internet of things (IoT) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The internet of things (IoT) market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider internet of things (IoT) market, and compares it with other markets.
The report covers the following chapters:
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section of the report gives a brief introduction about segmentation by geography, segmentation by platform, segmentation by end-use industry and segmentation by application.
- Market Characteristics - The market characteristics section of the report defines and explains the internet of things (IoT) market. This chapter also defines and describes goods and related services covered in the report.
- Trends and Strategies - This chapter describes the major trends shaping the global internet of things (IoT) market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the internet of things (IoT) market.
- Global Market Size and Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Global Macro Comparison - The global internet of things (IoT) market comparison with macro-economic factors gives the Internet of Things (IoT) market size, percentage of GDP, and average internet of things (IoT) market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, and South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global internet of things (IoT) market, estimated market shares and company profiles for the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - This section includes market opportunities and strategies based on the findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on the findings of the research. This section also gives recommendations for internet of things (IoT) companies in terms of product offerings, geographic expansion, marketing strategies and target group.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Platform: Device Management; Application Management; Network Management
- By End-Use Industry: BFSI; Retail; Government; Healthcare; Manufacturing; Transportation; IT and Telecom; Others
- By Application: Building and Home Automation; Smart Energy and Utilities; Smart Manufacturing; Connected Logistics; Smart Retail; Smart Mobility and Transportation; Others
Companies Mentioned:
Cisco Systems, Inc.; Bosch Software Innovation GmbH; Microsoft Corporation; Intel Corporation; International Business Machine (IBM) Corporation
Countries:
Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; United States
Regions:
Asia-Pacific,Western Europe, Eastern Europe, North America,South America, Middle East, Africa
Time Series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, internet of things (IoT) indicators comparison.
Data Segmentations:
Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Table of Contents
1. Internet Of Things (IoT) Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Internet Of Things (IoT) Market Characteristics
8. Internet Of Things (IoT) Market Trends Strategies
9. Global Internet Of Things (IoT) Market Size Growth
10. Global Internet Of Things (IoT) Market Segmentation
11. Internet Of Things (IoT) Market, Regional Country Analysis
12. Asia-Pacific Internet Of Things (IoT) Market
13. Western Europe Internet Of Things (IoT) Market
14. Eastern Europe Internet Of Things (IoT) Market
15. North America Internet Of Things (IoT) Market
16. South America Internet Of Things (IoT) Market
17. Middle East Internet Of Things (IoT) Market
18. Africa Internet Of Things (IoT) Market
19. IoT Global Market Competitive Landscape
20. Key Mergers Acquisitions In The Internet Of Things (IoT) Market
21. Internet Of Things (IoT) Market Opportunities Strategies
22. Internet Of Things (IoT) Market, Conclusions Recommendations
23. Appendix
Executive Summary
The internet of things (IoT) market consists of sales of internet of things (IoT) systems and related services by entities that develop internet of things (IoT) systems. The internet of things (IoT), is a collection of interconnected smart devices, mechanical and digital machines, objects or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction.This report describes and explains the global internet of things (IoT) market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The global internet of things (IoT) market reached a value of nearly $244,473.44 million in 2020, having increased at a compound annual growth rate (CAGR) of 18.2% since 2015. The market is expected to grow from $244,473.44 million in 2020 to $767,297.51 million in 2025 at a rate of 25.7%. The market is then expected to grow at a CAGR of 16.6% from 2025 and reach $ 1,655,568.32 million in 2030.
Growth in the historic period in the internet of things (IoT) market resulted from strong economic growth in emerging markets, rise in disposable income, high valuations of software companies, increased availability of mobile devices, and increasing penetration of internet and broad band services. The market was restrained by catering to multiple customers and software piracy.
Going forward increase in technology, increasing investments in smart cities, and end-users will drive the growth in the internet of things (IoT) market. Factors that could hinder the growth of the market in the future include dearth of skilled expertise, shortage of interoperability issues, intense competition, open-source software, security challenges, and coronavirus pandemic.
The internet of things (IoT) market is segmented by platform device management, application management, and network management. The device management was the largest segment of the internet of things (IoT) market segmented by platform, accounting for 59.8% of the total in 2020. Going forward, the application management segment is expected to be the fastest growing segment in the internet of things (IoT) market segmented by product, at a CAGR of 27.0% during 2020-2025.
The internet of things (IoT) market is also segmented by end-use industry into BFSI, retail, government, healthcare, manufacturing, transportation, IT & telecom and others. The manufacturing market was the largest segment of the internet of things (IoT) market segmented by end-use, accounting for 31.2% of the total in 2020.
The internet of things (IoT) market is also segmented by application into building and home automation, smart energy and utilities, smart manufacturing, connected logistics, smart retail, smart mobility and transportation and others. The smart manufacturing market was the largest segment of the internet of things (IoT) market segmented by application, accounting for 51.4% of the total in 2020. Going forward, connected logistics segment is expected to be the fastest growing segment in the internet of things (IoT) market segmented by application, at a CAGR of 40.6% during 2020-2025.
North America was the largest region in the internet of things (IoT) market, accounting for 33.3% of the total in 2020. It was followed by the Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the internet of things (IoT) market will be South America and Middle East where growth will be at CAGRs of 28.9% and 28.6% respectively during 2020-2025. These will be followed by Asia Pacific and Africa, where the markets are expected to register CAGRs of 27.9 % and 27.7% respectively during 2020-2025.
The global internet of things (IoT) market is concentrated, with a small number of global players operating in the market. The top ten competitors in the market made up to 11.98% of the total market in 2019. Major players in the market include Cisco Systems, Inc., Bosch Software Innovation GmbH, Microsoft Corporation, Intel Corporation, International Business Machine (IBM) Corporation, AT & T Inc., Huawei Technologies, Amazon Web Services Inc., Oracle Corporation, and Google Inc.
The top opportunities in the internet of things (IoT) market segmented by platform will arise in the device management segment, which will gain $299,394.3 million of global annual sales by 2025. The top opportunities in the IoT market segmented by end-use industry will arise in manufacturing segment, which will gain $161,983.3 million of global annual sales by 2025. The top opportunities in the IoT market segmented by application will arise in smart manufacturing segment, which will gain $ 310,247.4 million of global annual sales by 2025. The internet of things (IoT) market size will gain the most in the USA at $ 128,754.5 million.
Market-trend-based strategies for the internet of things (IoT) market includes investing IoT for healthcare, personalization in retail, investing in predictive maintenance, investing in IoT security, and edge computing.
Player-adopted strategies in the internet of things (IoT) market includes expanding its product portfolio, strategic acquisitions, strategic collaboration and partnership with companies.
To take advantage of these opportunities, the publisher recommends the internet of things’ companies to adopt bundle pricing strategy that attracts more users and helps in achieving more revenue, and focus on health care related loT providing solutions including remote patient monitoring, unleashing the ability to keep patients safe and secure remotely while also motivating physicians to provide exceptional treatment, focus on providing predictive maintenance services that are types of preventative maintenance that tracks and monitors the status and performance of equipment while it is in use, focus on providing security solutions across all industries, which enables developers to secure devices from a variety of threats while installing the security level that best suits their application requirements, companies should participate in events and expos organized focusing on the IoT market these events help companies showcase their products, including its features and benefits and communicate the value proposition clearly among other strategies.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cisco Systems, Inc.
- Bosch Software Innovation GmbH
- Microsoft Corporation
- Intel CorporationInternational Business Machine (IBM) Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | August 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 244.5 Billion |
| Forecasted Market Value ( USD | $ 1655.6 Billion |
| Compound Annual Growth Rate | 21.1% |
| Regions Covered | Global |
