Global IoT Technology Market is valued approximately USD XX billion in 2021and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
The Internet of things (IoT) technology can be described as the integration of software, sensors, processing ability, and other technologies with a physical object. This technology connects and exchanges data with other systems and devices with the help of the internet or other communications networks. The emergence of 5G communications technology, rising use of wireless smart sensors and networks, growing need for data centers, coupled with the increasing adoption of cloud platforms are the chief factors that are bolstering the market demand across the globe. For instance, according to Statista, in 2020, nearly 226 million mobile 5G subscriptions were recorded and it is expected the amount will increase and reach 3000 million by 2025. Thereby, the increasing penetration of 5G technology is propelling the demand for IoT technology in the near future. However, interoperability and lack of common standards, and unsettled concerns regarding the security and privacy of user data impede the growth of the market over the forecast period of 2022-2028. Also, rising government support for research and development of IoT technologies and the growing adoption of IoT in healthcare is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global IoT Technology Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising investments in the R&D activities in the field of IoT by various public and private organizations and the adoption of emerging technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising proliferation of the internet, as well as the growth of the developing countries such as India, China, and Australia, would create lucrative growth prospects for the IoT Technology market across the Asia-Pacific region.
Major market players included in this report are:
- Intel Corporation
- Qualcomm Technologies, Inc.
- Texas Instruments Incorporated
- STMicroelectronics NV
- IBM Corporation
- Hewlett Packard Enterprise Company
- Cisco Systems, Inc.
- Microsoft Corporation
- PTC, Inc.
- Amazon Web Services, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Node Component offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Node Component:
- Processor
- Connectivity IC
- Memory Device
- Sensor
- Logic Device
By Software Solution:
- Data Management
- Real-Time Streaming Analytics
- Network Bandwidth Management
- Remote Monitoring
- Security Solution
By Platform:
- Device Management
- Application Management
- Network Management
By Service:
- Professional Services
- Managed Services
By End-Use:
- Healthcare
- Automotive & Transportation
- Building Automation
- Manufacturing
- Retail
- BFSI
- Oil & Gas
- Agriculture
- Aerospace & Defense
- Wearable Devices
- Consumer Electronics
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global IoT Technology Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global IoT Technology Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global IoT Technology Market, by Node Component, 2020-2028 (USD Billion)
- 1.2.3. Global IoT Technology Market, by Software Solution, 2020-2028 (USD Billion)
- 1.2.4. Global IoT Technology Market, by Platform, 2020-2028 (USD Billion)
- 1.2.5. Global IoT Technology Market, by Service, 2020-2028 (USD Billion)
- 1.2.6. Global IoT Technology Market, by End-Use, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global IoT Technology Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global IoT Technology Market Dynamics
- 3.1. IoT Technology Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Emergence of 5G communications technology
- 3.1.1.2. Increasing necessity of data centers due to rising adoption of cloud platforms
- 3.1.2. Market Challenges
- 3.1.2.1. Interoperability and lack of common standards
- 3.1.2.2. Unsettled concerns regarding security and privacy of user data
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising government support for research and development of IoT technologies
- 3.1.3.2. Growing adoption of IoT in healthcare
Chapter 4. Global IoT Technology Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global IoT Technology Market, by Node Component
- 6.1. Market Snapshot
- 6.2. Global IoT Technology Market by Node Component, Performance - Potential Analysis
- 6.3. Global IoT Technology Market Estimates & Forecasts by Node Component 2018-2028 (USD Billion)
- 6.4. IoT Technology Market, Sub Segment Analysis
- 6.4.1. Processor
- 6.4.2. Connectivity IC
- 6.4.3. Memory Device
- 6.4.4. Sensor
- 6.4.5. Logic Device
Chapter 7. Global IoT Technology Market, by Software Solution
- 7.1. Market Snapshot
- 7.2. Global IoT Technology Market by Software Solution, Performance - Potential Analysis
- 7.3. Global IoT Technology Market Estimates & Forecasts by Software Solution 2018-2028 (USD Billion)
- 7.4. IoT Technology Market, Sub Segment Analysis
- 7.4.1. Data Management
- 7.4.2. Real-Time Streaming Analytics
- 7.4.3. Network Bandwidth Management
- 7.4.4. Remote Monitoring
- 7.4.5. Security Solution
Chapter 8. Global IoT Technology Market, by Platform
- 8.1. Market Snapshot
- 8.2. Global IoT Technology Market by Platform, Performance - Potential Analysis
- 8.3. Global IoT Technology Market Estimates & Forecasts by Platform 2018-2028 (USD Billion)
- 8.4. IoT Technology Market, Sub Segment Analysis
- 8.4.1. Device Management
- 8.4.2. Application Management
- 8.4.3. Network Management
Chapter 9. Global IoT Technology Market, by Service
- 9.1. Market Snapshot
- 9.2. Global IoT Technology Market by Service, Performance - Potential Analysis
- 9.3. Global IoT Technology Market Estimates & Forecasts by Service 2018-2028 (USD Billion)
- 9.4. IoT Technology Market, Sub Segment Analysis
- 9.4.1. Professional Services
- 9.4.2. Managed Services
Chapter 10. Global IoT Technology Market, by End-Use
- 10.1. Market Snapshot
- 10.2. Global IoT Technology Market by End-Use, Performance - Potential Analysis
- 10.3. Global IoT Technology Market Estimates & Forecasts by End-Use 2018-2028 (USD Billion)
- 10.4. IoT Technology Market, Sub Segment Analysis
- 10.4.1. Healthcare
- 10.4.2. Automotive & Transportation
- 10.4.3. Building Automation
- 10.4.4. Manufacturing
- 10.4.5. Retail
- 10.4.6. BFSI
- 10.4.7. Oil & Gas
- 10.4.8. Agriculture
- 10.4.9. Aerospace & Defense
- 10.4.10. Wearable Devices
- 10.4.11. Consumer Electronics
Chapter 11. Global IoT Technology Market, Regional Analysis
- 11.1. IoT Technology Market, Regional Market Snapshot
- 11.2. North America IoT Technology Market
- 11.2.1. U.S. IoT Technology Market
- 11.2.1.1. Node Component estimates & forecasts, 2018-2028
- 11.2.1.2. Software Solution estimates & forecasts, 2018-2028
- 11.2.1.3. Platform estimates & forecasts, 2018-2028
- 11.2.1.4. Service estimates & forecasts, 2018-2028
- 11.2.1.5. End-Use estimates & forecasts, 2018-2028
- 11.2.2. Canada IoT Technology Market
- 11.3. Europe IoT Technology Market Snapshot
- 11.3.1. U.K. IoT Technology Market
- 11.3.2. Germany IoT Technology Market
- 11.3.3. France IoT Technology Market
- 11.3.4. Spain IoT Technology Market
- 11.3.5. Italy IoT Technology Market
- 11.3.6. Rest of Europe IoT Technology Market
- 11.4. Asia-Pacific IoT Technology Market Snapshot
- 11.4.1. China IoT Technology Market
- 11.4.2. India IoT Technology Market
- 11.4.3. Japan IoT Technology Market
- 11.4.4. Australia IoT Technology Market
- 11.4.5. South Korea IoT Technology Market
- 11.4.6. Rest of Asia Pacific IoT Technology Market
- 11.5. Latin America IoT Technology Market Snapshot
- 11.5.1. Brazil IoT Technology Market
- 11.5.2. Mexico IoT Technology Market
- 11.6. Rest of The World IoT Technology Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. Intel Corporation
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Node Component Summary
- 12.2.1.5. Recent Developments
- 12.2.2. Qualcomm Technologies, Inc.
- 12.2.3. Texas Instruments Incorporated
- 12.2.4. STMicroelectronics NV
- 12.2.5. IBM Corporation
- 12.2.6. Hewlett Packard Enterprise Company
- 12.2.7. Cisco Systems, Inc.
- 12.2.8. Microsoft Corporation
- 12.2.9. PTC, Inc.
- 12.2.10. Amazon Web Services, Inc.
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption