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Internet of Things Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

  • ID: 5552863
  • Report
  • October 2021
  • Region: Global
  • 90 Pages
  • Acute Market Reports

FEATURED COMPANIES

  • Accenture PLC
  • Cisco Systems Inc.
  • General Electric (GE)
  • Google Inc.
  • Hewlett-Packard Company
  • IBM Corporation
IoT has become a mainstream technology in the IT industry, utilized to connect all the smart objects over an integrated network through internet. This enable end-users to control and monitor connected devices and process in real-time. Broadening application areas of IoT technology especially in healthcare, automotive and transportation sectors boosting the market growth across the globe. Additionally, rising deployment of digital solutions to transform existing business process to connected one demand for IoT hardware, solution and services is projected to increase over the forecast period. In contrast, threats associated with data privacy and security is impeding the uptake of connected devices to certain extent. This, in turn is hampering growth of the Internet of things market.

Report Scope


This report analyzes the global Internet of things marketin terms of type, software, service, end-user vertical, and geography. The global internet of things market has been segmented based on type into hardware, software and service. The software segment is further sub-segmented into data management software, security software, analytics software, communication software, and other software. Based on services, the market is bifurcated into consulting, implementation & integration, operation management, repair & maintenance and other services. On the basis of end-user vertical, the global internet of things market is segmented into consumer vertical and B2B vertical. The B2B vertical segment is further sub-segmented into public sector, retail, BFSI, healthcare, manufacturing, energy & utility, IT & telecom, and transportation sectors. The global internet of things market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

Purpose of the Report


The purpose of this strategic research study titled “Global Internet of Things Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global Internet of things market.

Target Audience

  • Industry Investors
  • IoT Solution and Service Providers
  • Communication Hardware Providers
  • End-users

USP and Key Offerings


The report titled “Global Internet of Things Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global Internet of things market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, software, service, end-user vertical, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading Internet of things hardware and service providers, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
  • Current and future market trends to justify the forthcoming attractive markets within the Internet of things market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global Internet of things market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors.

On the basis of deployment model, the global Internet of things market is categorized into following sub-segments:

  • On-premise
  • Cloud-based

At present, on-premise segment dominates the global Internet of things market, holding over half of the market share. However, by the end of 2029, the cloud-based deployment model segment is projected to emerge as largest sub-segment driven by increasing inclination of enterprises towards cloud computing technology to reduce cost associated with IT infrastructure. This is further encouraging IoT solution providers to introduce industry-specific cloud-based IoT platforms and solutions.

On the basis of end-user vertical, the global Internet of things Market is categorized into following segments:

  • Consumer Vertical
  • B2B Vertical
  • Public Sector
  • Retail
  • BFSI
  • Healthcare
  • Manufacturing
  • Energy & Utility
  • IT & Telecom
  • Transportation

As of 2020, the global Internet of things market was dominated by B2B end-user segment. The B2B end-user segment accounted for over three-fourth of the global Internet of things market revenue in the same year. By B2B, the manufacturing end-user was the largest sub-segment in 2020, constituting more than 1/3rd of the overall B2B segment revenue. Emergence of industrial IoT is transforming the way manufacturers run production processes using various smart factory systems and solutions. The Internet of things market in healthcare sector is projected to expand at the highest CAGR over the forecast period. Growing deployment of clinical trial tracking system, remote patient monitoring system and telemedicine solutions is increasing the uptake of IoT technologies in the sector.

On the basis of service, the global Internet of things market is categorized into following sub-segments:

  • Consulting
  • Implementation & Integration
  • Operation Management
  • Repair & Maintenance
  • Other Service

Among services, the implementation and integration was the largest sub-segment, constituting over 40% of the overall market in 2020. Demand for implementation & integration services is rising at a significant rate as end-users verticals are increasingly deploying smart machines, intelligent systems and smart sensors. Additionally, the operation management service sub-segment is anticipated to exhibit fastest growth in terms of revenue over the forecast period. This is growth is mainly driven by growing digitization of business process across large and mid-sized enterprises across major end-user verticals.

On the basis of software, the global Internet of things market is categorized into following sub-segments:

  • Data Management
  • Security
  • Analytics
  • Communication
  • Other Software

As of 2020, security software was the largest sub-segment among all types of software in the global Internet of things market, accounting for 1/3rd of the overall segment revenue. Additionally, the sub-segment is expected to remain dominant over the forecast period. Growing threat of cyber-attacks is encouraging major end-users especially BFSI and telecom sectors to deploy advanced security software. Further, communication software is projected to expand at the highest CAGR from 2021 to 2029 driven by ongoing advancements and innovations in networking technologies and rising adoption of LTE and small cell technology across the globe.

On the basis of geography, the global Internet of things market is segmented into following regions and countries.

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

In 2020, North America was the largest regional market with more than 30% market share, followed by Asia Pacific. In North America, U.S. is a major market for IoT hardware, solutions and service provides. Major end-user industries such as manufacturing and public sectors in the country are increasingly investing in IoT technologies and solutions to improve business productivity and citizen services. However, the market in Asia-Pacific is expected to grow at a fastest CAGR owing to introduction favorable government initiative supporting deployment of IoT technologies in manufacturing, energy & utility and public sectors. Additionally, Asia Pacific is projected to surpass North America in terms of revenue by 2029.

FEATURED COMPANIES

  • Accenture PLC
  • Cisco Systems Inc.
  • General Electric (GE)
  • Google Inc.
  • Hewlett-Packard Company
  • IBM Corporation

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Internet of Things Market Snapshot
3. Market Dynamics: Internet of Things
3.1. Introduction
3.1.1. Global Internet of Things Market Revenue and Y-o-Y Growth, 2019 – 2029
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Restraints
3.2.3. Impact Analysis of Market Drivers and Restraints
3.3. Ecosystem Analysis
3.4. Market Positioning of Key Players
4. Market Inclination Insights: Internet of Things
4.1. Overview
4.1.1. Evolution of Internet of Things
4.1.2. Market Ecosystem
4.1.3. Key Trends Analysis
5. Global Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
5.1. Hardware (Intelligent System, Smart Devices, etc.)
5.2. Software
5.3. Service
6. Global Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
6.1. Data Management Software
6.2. Security Software
6.3. Analytics Software
6.4. Communication Software
6.5. Other Software
7. Global Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
7.1. Consulting
7.2. Implementation & Integration
7.3. Operation Management
7.4. Repair & Maintenance
7.5. Other Services
8. Global Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
8.1. On-premise
8.2. Cloud-based
9. Global Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
9.1. Consumer Vertical
9.2. B2B Vertical
9.2.1. Public Sector
9.2.2. Retail
9.2.3. BFSI
9.2.4. Healthcare
9.2.5. Manufacturing
9.2.6. Energy & Utility
9.2.7. IT & Telecom
9.2.8. Transportation
10. North America Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)
10.1. Overview
10.2. North America Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
10.2.1. Hardware
10.2.2. Software
10.2.3. Service
10.3. North America Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
10.3.1. Data Management Software
10.3.2. Security Software
10.3.3. Analytics Software
10.3.4. Communication Software
10.3.5. Other Software
10.4. North America Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
10.4.1. Consulting
10.4.2. Implementation & Integration
10.4.3. Operation Management
10.4.4. Repair & Maintenance
10.4.5. Other Services
10.5. North America Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
10.5.1. On-premise
10.5.2. Cloud-based
10.6. North America Internet of Things Market Revenue, By End-User Vercia, 2019 – 2029 (US$ Bn)
10.6.1. Consumer Vertical
10.6.2. B2B Vertical
10.6.2.1. Public Sector
10.6.2.2. Retail
10.6.2.3. BFSI
10.6.2.4. Healthcare
10.6.2.5. Manufacturing
10.6.2.6. Energy & Utility
10.6.2.7. IT & Telecom
10.6.2.8. Transportation
10.7. North America Internet of Things Market Revenue, By Country, 2019 – 2029 (US$ Bn)
10.7.1. U.S.
10.7.1.1. U.S. Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
10.7.1.2. U.S. Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
10.7.1.3. U.S. Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
10.7.1.4. U.S. Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
10.7.1.5. U.S. Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
10.7.2. Canada
10.7.2.1. Canada Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
10.7.2.2. Canada Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
10.7.2.3. Canada Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
10.7.2.4. Canada Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
10.7.2.5. Canada Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
11. Europe Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)
11.1. Overview
11.2. Europe Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
11.2.1. Hardware
11.2.2. Software
11.2.3. Service
11.3. Europe Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
11.3.1. Data Management Software
11.3.2. Security Software
11.3.3. Analytics Software
11.3.4. Communication Software
11.3.5. Other Software
11.4. Europe Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
11.4.1. Consulting
11.4.2. Implementation & Integration
11.4.3. Operation Management
11.4.4. Repair & Maintenance
11.4.5. Other Services
11.5. Europe Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
11.5.1. On-premise
11.5.2. Cloud-based
11.6. Europe Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
11.6.1. Consumer Vertical
11.6.2. B2B Vertical
11.6.2.1. Public Sector
11.6.2.2. Retail
11.6.2.3. BFSI
11.6.2.4. Healthcare
11.6.2.5. Manufacturing
11.6.2.6. Energy & Utility
11.6.2.7. IT & Telecom
11.6.2.8. Transportation
11.7. Europe Internet of Things Market Revenue, By Country, 2019 – 2029 (US$ Bn)
11.7.1. United Kingdom
11.7.1.1. United Kingdom Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
11.7.1.2. United Kingdom Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
11.7.1.3. United Kingdom Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
11.7.1.4. United Kingdom Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
11.7.1.5. United Kingdom Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
11.7.2. Germany
11.7.2.1. Germany Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
11.7.2.2. Germany Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
11.7.2.3. Germany Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
11.7.2.4. Germany Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
11.7.2.5. Germany Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
11.7.3. France
11.7.3.1. France Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
11.7.3.2. France Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
11.7.3.3. France Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
11.7.3.4. France Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
11.7.3.5. France Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
11.7.4. Rest of Europe
11.7.4.1. Rest of Europe Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
11.7.4.2. Rest of Europe Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
11.7.4.3. Rest of Europe Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
11.7.4.4. Rest of Europe Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
11.7.4.5. Rest of Europe Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
12. Asia Pacific Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)
12.1. Overview
12.2. Asia Pacific Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
12.2.1. Hardware
12.2.2. Software
12.2.3. Service
12.3. Asia Pacific Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
12.3.1. Data Management Software
12.3.2. Security Software
12.3.3. Analytics Software
12.3.4. Communication Software
12.3.5. Other Software
12.4. Asia Pacific Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
12.4.1. Consulting
12.4.2. Implementation & Integration
12.4.3. Operation Management
12.4.4. Repair & Maintenance
12.4.5. Other Services
12.5. Asia Pacific Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
12.5.1. On-premise
12.5.2. Cloud-based
12.6. Asia Pacific Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
12.6.1. Consumer Vertical
12.6.2. B2B Vertical
12.6.2.1. Public Sector
12.6.2.2. Retail
12.6.2.3. BFSI
12.6.2.4. Healthcare
12.6.2.5. Manufacturing
12.6.2.6. Energy & Utility
12.6.2.7. IT & Telecom
12.6.2.8. Transportation
12.7. Asia Pacific Internet of Things Market Revenue, By Country, 2019 – 2029 (US$ Bn)
12.7.1. Japan
12.7.1.1. Japan Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
12.7.1.2. Japan Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
12.7.1.3. Japan Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
12.7.1.4. Japan Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
12.7.1.5. Japan Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
12.7.2. China
12.7.2.1. China Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
12.7.2.2. China Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
12.7.2.3. China Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
12.7.2.4. China Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
12.7.2.5. China Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
12.7.3. India
12.7.3.1. India Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
12.7.3.2. India Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
12.7.3.3. India Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
12.7.3.4. India Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
12.7.3.5. India Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
12.7.4. Rest of Asia Pacific
12.7.4.1. Rest of Asia Pacific Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
12.7.4.2. Rest of Asia Pacific Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
12.7.4.3. Rest of Asia Pacific Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
12.7.4.4. Rest of Asia Pacific Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
12.7.4.5. Rest of Asia Pacific Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
13. Rest of the World Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)
13.1. Overview
13.2. Rest of the World Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
13.2.1. Hardware
13.2.2. Software
13.2.3. Service
13.3. Rest of the World Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
13.3.1. Data Management Software
13.3.2. Security Software
13.3.3. Analytics Software
13.3.4. Communication Software
13.3.5. Other Software
13.4. Rest of the World Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
13.4.1. Consulting
13.4.2. Implementation & Integration
13.4.3. Operation Management
13.4.4. Repair & Maintenance
13.4.5. Other Services
13.5. Rest of the World Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
13.5.1. On-premise
13.5.2. Cloud-based
13.6. Rest of the World Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
13.6.1. Consumer Vertical
13.6.2. B2B Vertical
13.6.2.1. Public Sector
13.6.2.2. Retail
13.6.2.3. BFSI
13.6.2.4. Healthcare
13.6.2.5. Manufacturing
13.6.2.6. Energy & Utility
13.6.2.7. IT & Telecom
13.6.2.8. Transportation
13.7. Rest of the World Internet of Things Market Revenue, By Country, 2019 – 2029 (US$ Bn)
13.7.1. Latin America
13.7.1.1. Latin America Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
13.7.1.2. Latin America Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
13.7.1.3. Latin America Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
13.7.1.4. Latin America Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
13.7.1.5. Latin America Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
13.7.2. Middle East & Africa
13.7.2.1. Middle East & Africa Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
13.7.2.2. Middle East & Africa Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
13.7.2.3. Middle East & Africa Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
13.7.2.4. Middle East & Africa Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
13.7.2.5. Middle East & Africa Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$ Bn)
14. Competitive Landscape
14.1. Market Dashboard
14.2. Market Structure
14.3. Major Strategies Adopted by the Leading Market Players
15. Company Profiles
15.1. IBM Corporation
15.2. Cisco Systems, Inc.
15.3. Google Inc.
15.4. Hewlett-Packard Company
15.5. Microsoft Corporation
15.6. Accenture PLC
15.7. Oracle Corporation
15.8. SAP S.E.
15.9. General Electric (GE)
15.10. Telefonica S.A.
  • IBM Corporation
  • Cisco Systems Inc.
  • Google Inc.
  • Hewlett-Packard Company
  • Microsoft Corporation
  • Accenture PLC
  • Oracle Corporation
  • SAP S.E.
  • General Electric (GE)
  • Telefonica S.A.