IoT Market by Component (Solution and Services), Deployment Mode (On-premise and Cloud), Organization Size (Large Enterprise and Small & Medium Size Enterprise), Platform (Device Management, Application Management, and Network Management), Technology (Radiofrequency Identification, Pressure Sensors, Network Communications, Data Processing, And Near-field Communications), Industry Vertical (Retail, E-commerce & Consumer Electronics, Energy & Utility, Healthcare, Transportation & Logistics, IT & Telecom, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
Internet of Things (IoT) describes the network of physical objects that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools. Over the past few years, IoT has become one of the most important technologies of the globe. IoT devices share the data that is collected by IoT sensors or other edge devices where data is sent to the cloud server to be analyzed. These devices further communicate with other related devices and act on the information they get from one another. The devices do most of the work without human intervention, although people can interact with the devices.
The growth of the IoT market is majorly driven by development of wireless networking technologies, increase in cloud platform adoption, and advent of advanced data analytics & data processing drives. However, data security & privacy concerns and high implementation & maintenance cost of IoT devices restrain the growth of the market globally. On the contrary, reduction in the cost of connected devices and IoT traction among SMEs is expected to create lucrative opportunities for the expansion of the IoT market, globally.
The global IoT market is segmented into component, deployment, organization size, platform, technology, industry vertical, and region. By component, the market is divided into solution and service. Depending on deployment, it is segregated in to on-premise and cloud. On the basis of organization size, it is bifurcated into large enterprises and small & medium size enterprises. As per platform, it is fragmented into device management, application management, and network management. According to technology, it is differentiated radiofrequency identification, pressure sensors, network communications, data processing, and near-field communications. By industry vertical, it is categorized into retail & e-commerce, energy & utility, healthcare, transportation & logistics, IT & telecom, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the IoT market include Intel Corporation, Sap Se, Cisco Systems Inc, Microsoft Corporation, Oracle Corporation, IBM Corporation, Google LLC, Hewlett-Packard Enterprise, Amazon Web Services Inc., and Bosch Software Innovation GmbH. These major players have adopted various key development strategies such as business expansion and new product launches, which help to strengthen their foothold in the global IoT market.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the IoT market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the IoT market size is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the IoT market.
The quantitative analysis of the IoT market from 2020 to 2030 is provided to determine the IoT market potential.
MARKET SEGMENTS
By Component
Solution
Real-time streaming analytics
Security solution
Data management
Remote monitoring system
Network bandwidth management
Services
Professional service
Support & maintenance
Consulting service
Managed service
By Deployment Mode
On-premise
Cloud
BY ORGANIZATION SIZE
Large enterprises
SMEs
By Platform
Device management
Application management
Network management
By Technology
Radiofrequency identification
Pressure sensors
Network communications
Data processing
Near-field communications
By Industry Vertical
Retail, e-commerce, & consumer electronics
Energy & utility
Healthcare
Transportation & logistics
IT & telecom
Manufacturing
Others
BY REGION
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South-Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT OF IOT MARKET
Intel Corporation
SAP SE
Cisco Systems Inc.
Microsoft Corporation
Oracle Corporation
IBM Corporation
Google LLC
Hewlett-Packard Enterprise
Amazon Web Services Inc.
Bosch Software Innovation GmbH
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook