Global Internet of Things Technology Market Growth (Status and Outlook) 2023-2029

Global Internet of Things Technology Market Growth (Status and Outlook) 2023-2029

The growth of the IoT technology market can be attributed to the growing market of connected devices and increasing investments in the IoT industry.

LPI (LP Information)' newest research report, the “Internet of Things Technology Industry Forecast” looks at past sales and reviews total world Internet of Things Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Internet of Things Technology sales for 2023 through 2029. With Internet of Things Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Internet of Things Technology industry.

This Insight Report provides a comprehensive analysis of the global Internet of Things Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Internet of Things Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Internet of Things Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Internet of Things Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Internet of Things Technology.

The global Internet of Things Technology market size is projected to grow from US$ 266410 million in 2022 to US$ 1015140 million in 2029; it is expected to grow at a CAGR of 21.1% from 2023 to 2029.

North America held the largest share of the IoT technology market in 2016 owing to the strategic initiatives taken by many large American technology firms.

This report presents a comprehensive overview, market shares, and growth opportunities of Internet of Things Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Node Component
Network Infrastructure
Software Solution
Platform

Segmentation by application
Industry
Household Appliances
Retail
Oil And Gas
Agricultural

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
INTEL
QUALCOMM
TEXAS INSTRUMENTS
INTERNATIONAL BUSINESS MACHINES (IBM)
STMICROELECTRONICS
GENERAL ELECTRIC (GE)
HEWLETT PACKARD ENTERPRISE (HPE)
CISCO SYSTEMS
MICROSOFT
AMAZON WEB SERVICES (AWS)
SYMANTEC
PTC
ALPHABET

Please note: The report will take approximately 2 business days to prepare and deliver.