IoT Solutions and Services Market, By Solution Type (Software, Hardware, and Services), By Deployment Mode (Cloud-based, On-premises, and Hybrid), By Application (Industrial IoT, Smart Home, Healthcare, Transportation, Agriculture, Retail, and Others), By

IoT Solutions and Services Market, By Solution Type (Software, Hardware, and Services), By Deployment Mode (Cloud-based, On-premises, and Hybrid), By Application (Industrial IoT, Smart Home, Healthcare, Transportation, Agriculture, Retail, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Global IoT solutions and services market growth is driven by factors such as rapid proliferation of connected devices, growing adoption of cloud platforms, and increasing need for centralized monitoring and management solutions across various industries. Various technologies that enable effective connectivity of devices such as wireless sensors, RFID, NFC, and others have boosted the application of IoT for smart city projects, infrastructure management, supply chain monitoring, and more. IoT solutions allow enterprises to automate business processes, gain real-time insights from deployed devices and sensors, enhance productivity, and achieve operational efficiencies. The market will witness growth as more organizations implement IoT strategies for business transformation.

Market Dynamics:

Global IoT solutions and services market growth is driven by factors like growing adoption of cloud platforms, increasing deployment of wireless connectivity technologies, and rising need for centralized monitoring & management across industries. However, issues pertaining to data security, integration challenges, and high initial investment can hamper the market growth. Developments in edge computing, 5G infrastructure, and block chain can provide significant opportunities for market growth. Adoption of IoT in applications such as smart manufacturing, connected healthcare, and autonomous vehicles can drive new revenue streams for market players in the future.

Key features of the study:

This report provides in-depth analysis of the global IoT solutions and services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global IoT solutions and services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, General Electric Company, Siemens AG, Intel Corporation, Oracle Corporation, Honeywell International Inc., Bosch Group, SAP SE, PTC Inc., Vodafone Group plc, Qualcomm Technologies, Inc., Schneider Electric SE, and Dell Technologies Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global IoT solutions and services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IoT solutions and services market

Detailed Segmentation-

By Solution Type Insights (Revenue, US$ Bn, 2019 - 2031)

Software

Hardware

Services

By Deployment Mode Insights (Revenue, US$ Bn, 2019 - 2031)

Cloud-based

On-premises

Hybrid

By Application Insights (Revenue, US$ Bn, 2019 - 2031)

Industrial IoT

Smart Home

Healthcare

Transportation

Agriculture

Retail

Others

Regional Insights (Revenue, US$ Tn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Cisco Systems, Inc.

IBM Corporation

Microsoft Corporation

General Electric Company

Siemens AG

Intel Corporation

Oracle Corporation

Honeywell International Inc.

Bosch Group

SAP SE

PTC Inc.

Vodafone Group plc

Qualcomm Technologies, Inc.

Schneider Electric SE

Dell Technologies Inc.