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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 637 Billion | 6.5% | North America |
| By Node Component | By Software Solution | By Platform | By End User |
|---|---|---|---|
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SCOPE OF THE REPORT
Internet of things technology Market Overview
The internet of things technology market is expected to grow at 6.5% CAGR from 2021 to 2029. It is expected to reach above USD 637 Billion by 2029 from USD 361.5 Billion in 2020.
Internet of Things technology, sometimes known as IoT, is a catchall concept for the networking of individually identifiable embedded items in the physical world. IoT technology enables the development of intelligent items that share data over networks and gather data about their surroundings. To gain insights that support operational choices and boost productivity, this data can be evaluated. The need for connected devices is on the rise, and the number of smart cities and the demand for real-time data analytics are also on the rise. Yet, the hefty implementation costs for IoT technology could impede its development. To increase productivity, governments all over the world are supporting IoT development.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Node component, By Software solution, By Platform, By Class, By End User, By Region |
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By Node component  |
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By Software solution  |
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By Platform  |
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By Service  |
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By End User  |
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By Region  |
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To increase effectiveness, smart security systems, smart energy meters, and smart traffic management systems are being created. Also, a number of countries are sponsoring research initiatives for future smart cities that will focus on smart agriculture, smart water, smart waste management, and smart transportation. Global supply chains have been severely disrupted by the pandemic, which has had an impact on the availability and price of IoT devices and components. Economic uncertainty brought on by the pandemic has caused a delay in several IoT business segments, notably those involving consumer applications and ancillary goods.
Internet of things technology Market Segment Analysis
The internet of things technology market is segmented based on node component, software solution, platform, service, end user, and region.
Based on software solution, the market is segmented into data management, real-time streaming analytics, network bandwidth management, remote monitoring, security solution. The global IoT technology market was dominated by the data management software segment in 2021. Data management software solutions are made to manage a huge amount of structured and unstructured data as well as the interoperability issues that occur from a variety of heterogeneous devices. The volume of data is expanding along with the number of connected devices, making data management software the most crucial software in the IoT space. Predictive analytics is being used by businesses to improve their competitive advantage and streamline their operations.
Based on platform, the market is segmented into device management, application management, network management. Over the anticipated timeframe, device management platforms are anticipated to increase at the fastest rate. Platforms for device management make it easier to maintain, track, secure, and manage the devices used by businesses. The demand for device management platforms will grow as connected devices and traffic both grow. Device provisioning, setup, remote access, device monitoring, software management, and troubleshooting are all made easier by device management platforms. Businesses may end up spending a significant amount of money and effort managing devices without a device management platform. Fast device registration, straightforward device organization, rapid identification of connected devices, and simple device management are all advantages of employing a device management platform.
Based on end user, the market is segmented into healthcare, BFSI, automotive & transportation, building automation, manufacturing, retail, oil & gas, agriculture, aerospace & defense, wearable devices, consumer electronics. The retail sector is expected to increase significantly over the forecasted period, especially given the rapid expansion of the e-commerce market in many nations. Brick and mortar establishments are closing as a result of the rise in internet sales brought on by e-commerce. This indicates that there is a significant window of opportunity for merchants to use IoT technology to enhance their processes. IoT is being used by retailers to increase customer satisfaction and operational effectiveness. These advantages include cost savings, increased customer satisfaction, and a competitive advantage.
Internet of things technology Market Players
The internet of things technology market key players include Intel Corporation, Qualcomm Technologies, Texas Instruments Incorporated, STMicroelectronics, IBM, Hewlett Packard Enterprise, Cisco Systems, Microsoft Corporation, PTC, Amazon Web Services, Google Cloud, Siemens AG, Huawei Technologies, SAP SE, Dell Technologies.
Recent Development:
- 29 July, 2021: Amazon Web Services launched IoT SiteWise Edge, a new feature of its IoT SiteWise service that allows industrial customers to collect, process, and analyze data from connected equipment at the edge of the network.
- 22 February, 2023: Microsoft announced Azure Percept, a new platform for developing and deploying AI and IoT solutions. Azure Percept includes hardware components such as cameras and microphones, as well as software tools for building and deploying custom AI models.
Who Should Buy? Or Key stakeholders
- Businesses and Organizations
- IT professionals
- Automotive & Transportation Sector
- Retailers
- Government Bodies
- Research Organizations
- Investors
- Regulatory Authorities
Internet of things technology Market Regional Analysis
The internet of things technology market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The IoT technology industry was dominated by North America in 2021. Particularly in the US, the IoT ecosystem is highly developed, with several well-established IoT providers and numerous early adopters from a wide range of industries. A number of elements, including the existence of top technology firms, supportive government initiatives, and a highly advanced IT infrastructure, contribute to North America’s strong market position. The Asia-Pacific region will have the IoT technology market’s fastest growth rate. In the upcoming years, the Asia-Pacific region is anticipated to see the highest rise in IoT adoption and spending due to reasons like quick urbanisation, rising demand for digital solutions, and an increase in the number of smart city programmes. With its significant number of IoT start-ups and highly supportive government policy for IoT development, China is a major player in the Asia-Pacific IoT industry.
Key Market Segments: Internet of things technology Market
Internet Of Things Technology Market By Node Component, 2020-2029, (USD Billion)
- Processing
- Connectivity IC
- Memory Device
- Sensor
- Logic Device
Internet Of Things Technology Market By Software Solution, 2020-2029, (USD Billion)
- Data Management
- Real-Time Streaming Analytics
- Network Bandwidth Management
- Remote Monitoring
- Security Solution
Internet Of Things Technology Market By Platform, 2020-2029, (USD Billion)
- Device Management
- Application Management
- Network Management
Internet Of Things Technology Market By Service, 2020-2029, (USD Billion)
- Professional Services
- Managed Services
Internet Of Things Technology Market By End User, 2020-2029, (USD Billion)
- Healthcare
- BFSI
- Automotive & Transportation
- Building Automation
- Manufacturing
- Retail
- Oil & Gas
- Agriculture
- Aerospace & Defense
- Wearable Devices
- Consumer Electronics
Internet Of Things Technology Market By Region, 2020-2029, (USD Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Service Key Objectives:
- Increasing sales and market share
- Developing new platform
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the internet of things technology market over the next 7 years?
- Who are the major players in the internet of things technology market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the internet of things technology market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the internet of things technology market?
- What is the current and forecasted size and growth rate of the global internet of things technology market?
- What are the key drivers of growth in the internet of things technology market?
- Who are the major players in the market and what is their market share?
- What are the building automation channels and supply chain dynamics in the internet of things technology market?
- What are the technological advancements and innovations in the internet of things technology market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the internet of things technology market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the internet of things technology market?
- What are the product offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON INTERNET OF THINGS TECHNOLOGY MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET OUTLOOK
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION), 2020-2029
- PROCESSOR
- CONNECTIVITY IC
- MEMORY DEVICE
- SENSOR
- LOGIC DEVICE
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION), 2020-2029
- DATA MANAGEMENT
- REAL-TIME STREAMING ANALYTICS
- NETWORK BANDWIDTH MANAGEMENT
- REMOTE MONITORING
- SECURITY SOLUTION
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION), 2020-2029
- DEVICE MANAGEMENT
- APPLICATION MANAGEMENT
- NETWORK MANAGEMENT
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION), 2020-2029
- PROFESSIONAL SERVICES
- MANAGED SERVICES
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION), 2020-2029
- HEALTHCARE
- BFSI
- AUTOMOTIVE & TRANSPORTATION
- BUILDING AUTOMATION
- MANUFACTURING
- RETAIL
- OIL & GAS
- AGRICULTURE
- AEROSPACE & DEFENSE
- WEARABLE DEVICES
- CONSUMER ELECTRONICS
- GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY REGION (USD BILLION), 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- INTEL CORPORATION
- QUALCOMM TECHNOLOGIES
- TEXAS INSTRUMENTS INCORPORATED
- STMICROELECTRONICS
- IBM
- HEWLETT PACKARD ENTERPRISE
- CISCO SYSTEMS
- MICROSOFT CORPORATION
- PTC
- AMAZON WEB SERVICES
- GOOGLE CLOUD
- SIEMENS AG
- HUAWEI TECHNOLOGIES
- SAP SE
- DELL TECHNOLOGIES *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY REGION (USD BILLION) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 11Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â NORTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 13Â Â Â Â Â Â Â US INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â US INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 15Â Â Â Â Â Â Â US INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â US INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 17Â Â Â Â Â Â Â US INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â CANADA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 19Â Â Â Â Â Â Â CANADA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â CANADA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 21Â Â Â Â Â Â Â CANADA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â CANADA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 23Â Â Â Â Â Â Â MEXICO INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â MEXICO INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 25Â Â Â Â Â Â Â MEXICO INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â MEXICO INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 27Â Â Â Â Â Â Â MEXICO INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 29Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 31Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 33Â Â Â Â Â Â Â SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â BRAZIL INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 35Â Â Â Â Â Â Â BRAZIL INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â BRAZIL INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 37Â Â Â Â Â Â Â BRAZIL INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â BRAZIL INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 39Â Â Â Â Â Â Â ARGENTINA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â ARGENTINA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 41Â Â Â Â Â Â Â ARGENTINA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â ARGENTINA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 43Â Â Â Â Â Â Â ARGENTINA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â COLOMBIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 45Â Â Â Â Â Â Â COLOMBIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â COLOMBIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 47Â Â Â Â Â Â Â COLOMBIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â COLOMBIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 49Â Â Â Â Â Â Â REST OF SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â REST OF SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 51Â Â Â Â Â Â Â REST OF SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â REST OF SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 53Â Â Â Â Â Â Â REST OF SOUTH AMERICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 55Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 57Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 59Â Â Â Â Â Â Â ASIA-PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â INDIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 61Â Â Â Â Â Â Â INDIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â INDIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 63Â Â Â Â Â Â Â INDIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â INDIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 65Â Â Â Â Â Â Â CHINA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â CHINA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 67Â Â Â Â Â Â Â CHINA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â CHINA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 69Â Â Â Â Â Â Â CHINA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â JAPAN INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 71Â Â Â Â Â Â Â JAPAN INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â JAPAN INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 73Â Â Â Â Â Â Â JAPAN INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â JAPAN INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 75Â Â Â Â Â Â Â SOUTH KOREA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â SOUTH KOREA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 77Â Â Â Â Â Â Â SOUTH KOREA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â SOUTH KOREA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 79Â Â Â Â Â Â Â SOUTH KOREA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â AUSTRALIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 81Â Â Â Â Â Â Â AUSTRALIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â AUSTRALIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 83Â Â Â Â Â Â Â AUSTRALIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â AUSTRALIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 85Â Â Â Â Â Â Â SOUTH-EAST ASIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â SOUTH-EAST ASIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 87Â Â Â Â Â Â Â SOUTH-EAST ASIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â SOUTH-EAST ASIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 89Â Â Â Â Â Â Â SOUTH-EAST ASIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â REST OF ASIA PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 91Â Â Â Â Â Â Â REST OF ASIA PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â REST OF ASIA PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 93Â Â Â Â Â Â Â REST OF ASIA PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â REST OF ASIA PACIFIC INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 95Â Â Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 97Â Â Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 99Â Â Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 101Â Â Â Â Â GERMANY INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â GERMANY INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 103Â Â Â Â Â GERMANY INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â GERMANY INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 105Â Â Â Â Â GERMANY INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â UK INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 107Â Â Â Â Â UK INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â UK INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 109Â Â Â Â Â UK INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â UK INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 111Â Â Â Â Â FRANCE INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â FRANCE INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 113Â Â Â Â Â FRANCE INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â FRANCE INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 115Â Â Â Â Â FRANCE INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â ITALY INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 117Â Â Â Â Â ITALY INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â ITALY INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 119Â Â Â Â Â ITALY INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â ITALY INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 121Â Â Â Â Â SPAIN INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â SPAIN INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 123Â Â Â Â Â SPAIN INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â SPAIN INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 125Â Â Â Â Â SPAIN INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â RUSSIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 127Â Â Â Â Â RUSSIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â RUSSIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 129Â Â Â Â Â RUSSIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â RUSSIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 131Â Â Â Â Â REST OF EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â REST OF EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 133Â Â Â Â Â REST OF EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â REST OF EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 135Â Â Â Â Â REST OF EUROPE INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 137Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 138Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 139Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 140Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 141Â Â Â Â Â MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 142Â Â Â Â Â UAE INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 143Â Â Â Â Â UAE INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 144Â Â Â Â Â UAE INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 145Â Â Â Â Â UAE INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 146Â Â Â Â Â UAE INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 147Â Â Â Â Â SAUDI ARABIA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 148Â Â Â Â Â SAUDI ARABIA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 149Â Â Â Â Â SAUDI ARABIA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 150Â Â Â Â Â SAUDI ARABIA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 151Â Â Â Â Â SAUDI ARABIA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 152Â Â Â Â Â SOUTH AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 153Â Â Â Â Â SOUTH AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 154Â Â Â Â Â SOUTH AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 155Â Â Â Â Â SOUTH AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 156Â Â Â Â Â SOUTH AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
TABLE 157Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT (USD BILLION) 2020-2029
TABLE 158Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION (USD BILLION) 2020-2029
TABLE 159Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM (USD BILLION) 2020-2029
TABLE 160Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE (USD BILLION) 2020-2029
TABLE 161Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INTERNET OF THINGS TECHNOLOGY MARKET BY END USER (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 RESEARCH FLOW
FIGURE 5 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT, USD BILLION, 2020-2029
FIGURE 6 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION, USD BILLION, 2020-2029
FIGURE 7 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM, USD BILLION, 2020-2029
FIGURE 8 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY END USER, USD BILLION, 2020-2029
FIGURE 19 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY NODE COMPONENT, USD BILLION, 2021
FIGURE 13 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SOFTWARE SOLUTION, USD BILLION, 2021
FIGURE 14 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY PLATFORM, USD BILLION, 2021
FIGURE 15 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY SERVICE, USD BILLION, 2021
FIGURE 16 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY END USER, USD BILLION, 2021
FIGURE 17 GLOBAL INTERNET OF THINGS TECHNOLOGY MARKET BY REGION, USD BILLION, 2021
FIGURE 18 MARKET SHARE ANALYSIS
FIGURE 19 INTEL CORPORATION: COMPANY SNAPSHOT
FIGURE 20 QUALCOMM TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 21 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
FIGURE 22 STMICROELECTRONICS: COMPANY SNAPSHOT
FIGURE 23 IBM: COMPANY SNAPSHOT
FIGURE 24 HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT
FIGURE 25 CISCO SYSTEMS: COMPANY SNAPSHOT
FIGURE 26 MICROSOFT CORPORATION: COMPANY SNAPSHOT
FIGURE 27 PTC: COMPANY SNAPSHOT
FIGURE 28 AMAZON WEB SERVICES: COMPANY SNAPSHOT
FIGURE 29 GOOGLE CLOUD: COMPANY SNAPSHOT
FIGURE 30 SIEMENS AG: COMPANY SNAPSHOT
FIGURE 31 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 32 SAP SE: COMPANY SNAPSHOT
FIGURE 33 DELL TECHNOLOGIES: COMPANY SNAPSHOT
FAQ
The internet of things technology market size had crossed USD 361.5 billion in 2020 and will observe a CAGR of more than 6.5% up to 2029.
The factors such as emergence of 5G communications technology, increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and increased IP address space and better security solutions made available through IPv6 have proved to be the major driving forces for IoT technology market.
The region’s largest share is in North America. Products manufactured in nations like US and Canada that perform similarly and are inexpensively accessible to the general public have led to the increasing appeal.
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