Global Internet of Things (iot) Market 2024-2028
Global Internet Of Things (IoT) Market 2024-2028
The internet of things (IoT) market is forecasted to grow by USD 1554.5 bn during 2023-2028, accelerating at a CAGR of 18.52% during the forecast period. The report on the internet of things (IoT) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological developments in different platforms, exponential growth of internet-connected and operated devices, and rise in industrial automation.
Technavio's internet of things (IoT) market is segmented as below:
- By Application
- Industrial
- Retail
- Healthcare
- ICT
- Others
- By Technology
- RFID
- Sensors
- NFC
- Cloud services
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the use of wearables to monitor human health and environment as one of the prime reasons driving the internet of things (IoT) market growth during the next few years. Also, inclusion of blockchain technology in IoT and leveraging manufacturing data for predictive maintenance will lead to sizable demand in the market.
The report on the internet of things (IoT) market covers the following areas:
- Internet of things (IoT) market sizing
- Internet of things (IoT) market forecast
- Internet of things (IoT) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading internet of things (IoT) market vendors that include Aeris Communications Inc., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Fujitsu Ltd., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., Koninklijke Philips N.V., Microsoft Corp., Oracle Corp., PTC Inc., Robert Bosch GmbH, SAP SE, Siemens AG, Thales Group, and Wipro Ltd.. Also, the internet of things (IoT) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.