United Kingdom Internet of Things (IoT) Market, By Platform (Device Management, Network Management and Application Management), By Component (Services and Software), By Application, By Region, Competition, Forecast & Opportunities, 2027

Report
71 Pages
July 2022
Region: United Kingdom
TechSci Research
ID: 5105845

United Kingdom Internet of Things (IoT) market is projected to grow at high rate during the forecast period, due to the surging demand for smart devices, such as watches, phones and fitness bands, among others

United Kingdom Internet of Things (IoT) market is projected to grow at high rate during the forecast period, due to the surging demand for smart devices, such as watches, phones and fitness bands, among others. Moreover, the market for the internet of things is expanding due to the day to day benefits of the technology. However, uncertain return on investment is a barrier to the growth of the market. Based on application, building & home automation and transportation segments are the major segments and the trend is likely to continue in the forecast period due to the increased usage of managed hosting to cloud services and technological advancements.

Based on the component, the market has been bifurcated into service and software. The service segment is expected to grow at impressive rate during the forecast period due to the increasing adoption of connected devices across organizations. England is expected to grow at high rate during the forecast period due to the rising implementation of IoT in the region and large population base.

Some of the leading players in the United Kingdom internet of things (IoT) market are Cognizant, Intel Corporation, Google LLC, Hewlett Packard Enterprise, Microsoft Corporation, Amazon Web Services, Inc., International Business Machine (IBM) Corporation, among others.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze and forecast the market size of United Kingdom internet of things (IoT) market, in terms of value.
To classify and forecast United Kingdom internet of things (IoT) market based on platform, component, application, regional distribution, and company.
To identify drivers and challenges for United Kingdom internet of things (IoT) market.
To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in United Kingdom internet of things (IoT) market.
To conduct the pricing analysis for United Kingdom internet of things (IoT) market.
To identify and analyze the profile of leading players involved in the United Kingdom internet of things (IoT) market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across UK. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the companies, which could not be identified due to the limitations of secondary research. The publisher analyzed the service offerings, distribution channels and presence of all major solution providers across UK.

The publisher calculated the market size of United Kingdom internet of things (IoT) market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

IoT service providers and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to IoT market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United Kingdom internet of things (IoT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below: