Internet of Things Market

Internet of Things Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028Segmented By Platform (Network Management, Application Management, and Device Management), By Component (Hardware (Device & Gateways), Software (Real Time Streaming Analytics, Security, Data Management, Remote Monitoring, and Network Bandwidth Management) and Services (Professional Services & Managed Services)) By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others), By Region, Competition


Global Internet of Things (IoT) market is driven by increasing adoption of the Industrial Internet of Things (IIoT), edge computing, 5G infrastructure, use of real-time analytics enabled by Artificial Intelligence (AI) and Machine Learning (ML) across worldwide in the forecast years. Technology has become the key enabler of excellence and businesses are gradually becoming mobile as digitalization emerges, to boost the global Internet of Things (IoT) market in the forecast period.

The Internet of Things (IoT) is a concept that refers to the entire network of interconnected devices as well as the technology that enables communication between the devices individually and with the cloud. A system known as the Internet of Things (IoT) consists of a variety of web-connected smart devices, actuators, sensors, software, processors, and network connectivity tools that enable these things to share, gather, and process the data from their surroundings. These technologies are used across different applications such as manufacturing, media, healthcare, consumer applications, defences & aerospace, transportation, and others. Organizations across a wide range of businesses are gradually shifting to IoT technology to enhance organizational performance and better understand consumers to provide better customer services, enhanced decision-making, and commercial value. Platforms known as cloud computing, edge computing, machine learning, and IIoT platforms are used in the context of IoT and IoT-based solutions to connect the diverse devices, data sources, and users. Access to low-cost, low power sensor technology, high-connectivity with real-time data collection and better business opportunities are some of the prominent benefits enabling the growth of Global Internet of Things (IoT) Market.

Growing adoption of cloud-based deployment models and low operating costs

One of the main drivers for small and medium-sized businesses is the demand for inexpensive data storage, backup, and data security(SMEs). The connected supply chain and smart manufacturing processes depend heavily on connected and smart items. The development of affordable connected devices has also made it possible for manufacturers to use IoT technology to reduce resource consumption and boost overall productivity. Additionally, as IoT applications have a low operational cost, many manufacturers seek to integrate them into their machinery in order to increase efficiency while lowering costs.

Increasing Demand of Digital Transformation

The biggest driver responsible for the growth of the Global Internet of Things Market is accelerating digital transformation of the worldwide. Moreover, Internet of Things applications are fundamentally designed to support this kind of transformation. For instance, The Government’s National Digital Transformation Program to 2025, Direction Towards 2030 has clearly stated the prioritization of digital transformation to fundamentally renovate the management and administration activities of the government, production and business activities.

Rising smart cities initiatives to bloster growth

One of the key factors boosting the development of the internet of things (IoT) market is the smart cities programme. In the coming years, as population, industry, and urbanisation all rise, many cities may look to technology and cutting-edge networks for assistance in managing resource shortages. Numerous enterprises are utilising Internet of Things (IoT) solutions to create, implement, and promote sustainable development practises in order to meet the issues brought on by the expanding urbanisation of society. Utilizing digital technology to construct human-centered smart cities has altered infrastructure economies and opened up opportunities for collaboration and private-sector involvement. For instance, according to world economic forum’s G20 reports, Global Smart Cities Alliances is one of the largest global initiatives to advancing support for global smart city collaboration. The alliance is supporting more than 70 cities to adopt smart cities governance.

Moreover, smart cities solution, such as smart grids, smart air quality controllers, smart utility meters, smart transportation, and smart waste management are being increasingly adopted by consumers for better efficiency and sustainability, thereby increasing the market potential of Internet of Things worldwide.

Market Segmentation

The internet of things market is segmented based on platform, component, application, and region. By platform, it is categorized into Network Management, Application Management and Device Management. The component market is bifurcated into hardware, software, and services. In terms of hardware, the market is further segmented into gateways and devices while in terms of software the market is segmented into real time streaming analytics, security, data management, remote monitoring, and network bandwidth management while services of the market is segemented into professional & managed services. The application segment is further divided into consumer electronics, smart mobility & transportation, building & home automation, connected logistics, smart retail, and others.

Market Player

Major market players in the Global Internet of Things Market are International Business Machines Corporation, Cisco Systems, Inc., Microsoft Corporation, Amazon Web Services, Intel Corporation, Huawei Technologies Co., Ltd., SAP SE, Alphabet Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP.

Report Scope:

In this report, the global internet of things market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Internet of Things Market, By Platform
  • Network Management
  • Application Management
  • Device Management
  • Internet of Things Market, By Component
  • Hardware (Device & Gateways)
  • Software (Real Time Streaming Analysis, Security, Data Management, Remote Monitoring, and Network Bandwidth Management)
  • Services (Professional Services & Managed Service)
  • Internet of Things Market, By Application
  • Consumer Electronics
  • Smart Mobility & Transportation
  • Building & Home Automation
  • Connected Logistics
  • Smart Retail
  • Others
  • Internet of Things Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East
  • South Africa
  • Soudi Arabia
  • UAE
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global internet of things market.

Global internet of things market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Service Overview
2. Research Methodology
3. Impact of COVID-19 on Global Internet of Things Market
4. Executive Summary
5. Voice of Customers
6. Global Internet of Things Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Platform (Network Management, Application Management and Device Management)
6.2.2. By Component (Hardware, Software and Services)
6.2.2.1. By Hardware (Device,Gateways)
6.2.2.2. By Software (Real Time Streaming Analytics, Security, Data Management, Remote Monitoring, and Network Bandwidth Management)
6.2.2.3. By Services (Professional Services & Managed Services )
6.2.3. By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others)
6.2.4. By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa)
6.3. By Company (2022)
6.4. Market Map
7. North America Internet of Things Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Platform
7.2.2. By Component
7.2.3. By Application
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Internet of Things Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Platform
7.3.1.2.2. By Component
7.3.1.2.3. By Application
7.3.2. Canada Internet of Things Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Platform
7.3.2.2.2. By Component
7.3.2.2.3. By Application
7.3.3. Mexico Internet of Things Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Platform
7.3.3.2.2. By Component
7.3.3.2.3. By Application
8. Asia-Pacific Internet of Things Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Platform
8.2.2. By Component
8.2.3. By Application
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Internet of Things Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value & Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Platform
8.3.1.2.2. By Component
8.3.1.2.3. By Application
8.3.2. India Internet of Things Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Platform
8.3.2.2.2. By Component
8.3.2.2.3. By Application
8.3.3. Japan Internet of Things Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value & Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Platform
8.3.3.2.2. By Component
8.3.3.2.3. By Application
8.3.4. South Korea Intenet of Things Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value & Volume
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Platform
8.3.4.2.2. By Component
8.3.4.2.3. By Application
8.3.5. Australia Internet of Things Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value & Volume
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Platform
8.3.5.2.2. By Component
8.3.5.2.3. By Application
9. Europe Internet of Things Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Platform
9.2.2. By Component
9.2.3. By Application
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Internet of Things Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value & Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Platform
9.3.1.2.2. By Component
9.3.1.2.3. By Application
9.3.2. United Kingdom Internet of Things Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value & Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Platform
9.3.2.2.2. By Component
9.3.2.2.3. By Application
9.3.3. France Internet of Things Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value & Volume
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Platform
9.3.3.2.2. By Component
9.3.3.2.3. By Application
9.3.4. Italy Internet of Things Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value & Volume
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Platform
9.3.4.2.2. By Component
9.3.4.2.3. By Application
9.3.5. Spain Internet of Things Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value & Volume
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Platform
9.3.5.2.2. By Component
9.3.5.2.3. By Application
10. South America Internet of Things Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Platform
10.2.2. By Component
10.2.3. By Application
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Internet of Things Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value & Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Platform
10.3.1.2.2. By Component
10.3.1.2.3. By Application
10.3.2. Argentina Internet of Things Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Platform
10.3.2.2.2. By Component
10.3.2.2.3. By Application
10.3.3. Colombia Internet of Things Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Platform
10.3.3.2.2. By Component
10.3.3.2.3. By Application
11. Middle East & Africa Internet of Things Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Platform
11.2.2. By Component
11.2.3. By Application
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. South Africa Internet of Things Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Platform Type
11.3.1.2.2. By Application Area
11.3.1.2.3. By End User Vertical
11.3.2. Saudi Arabia Internet of Things Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value & Volume
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Platform
11.3.2.2.2. By Component
11.3.2.2.3. By Application
11.3.3. UAE Internet of Things Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value & Volume
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Platform
11.3.3.2.2. By Component
11.3.3.2.3. By Application
12. Market Dynamics
12.1. Drivers
12.1.1. Growing Adoption of Cloud-Based Deployment Models and Low Operational Cost
12.1.2. Increasing Demand of Digital Transformation
12.1.3. Rising Smart Cities initiatives to Bloster Growth
12.2. Challenges
12.2.1. Lack of Knowledge Regarding IoT and Smart Cities among the People
12.2.2. Limitations Associated with Security, Integrity and Data Privacy in Connected Devices
13. Market Trends & Developments
13.1. Increase in Tech-savvy Workforce
13.2. Rise In Technological Development
13.3. Rising Government Initiatives
13.4. Increase in Connected Devices
13.5. Adoption of 5G Across Industries
14. Company Profiles
14.1. International Business Machines Corporation
14.1.1. Business Overview
14.1.2. Key Revenue and Financials
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. Cisco Systems, Inc.
14.2.1. Business Overview
14.2.2. Key Revenue and Financials
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. Microsoft Corporation
14.3.1. Business Overview
14.3.2. Key Revenue and Financials
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Amazon Web Services
14.4.1. Business Overview
14.4.2. Key Revenue and Financials
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. Intel Corporation
14.5.1. Business Overview
14.5.2. Key Revenue and Financials
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. Huawei Technologies Co. Ltd.
14.6.1. Business Overview
14.6.2. Key Revenue and Financials
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. SAP SE
14.7.1. Business Overview
14.7.2. Key Revenue and Financials
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. Alphabet Inc.
14.8.1. Business Overview
14.8.2. Key Revenue and Financials
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.8.6. SWOT Analysis
14.9. Oracle Corporation
14.9.1. Business Overview
14.9.2. Key Revenue and Financials
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. Hewlett Packard Enterprise Development LP
14.10.1. Business Overview
14.10.2. Key Revenue and Financials
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements)

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