Insights on the Internet of Things Global Market to 2029





DUBLINApr 4, 2022 /PRNewswire/ — The report “Internet of Things Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021 to 2029” is added to ResearchAndMarkets.com’s offer.

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The purpose of this strategic research study is to provide in-depth insights to industry investors, business leaders and industry participants to enable them to make informed strategic decisions regarding the opportunities in the global Internet of Things market.

The report provides strategic insights of the global Internet of Things market along with the market size and estimates covering the period 2019 to 2029. Said research includes in-depth analysis of multiple market segments based on type, software, service, end user vertical and cross-sectional research in different geographical areas. To help strategic decision-makers, the report also includes competitive profiling of the leading Internet of Things hardware and service providers, their SCOT (Strength, Challenges, Opportunities and Threats) analysis, market positioning and key developments. Other in-depth analyzes in the report include:

  • Current and future market trends to justify the upcoming attractive markets within the Internet of Things market

  • Market drivers, market barriers and their impact on market growth

  • In-depth analysis of the competitive environment

  • Ecosystem Analysis

  • SRC analysis (segment-region-country)

IoT has become a mainstream technology in the IT industry, which is used to connect all smart objects together via an integrated network over the Internet. This allows end users to control and monitor connected devices and processes in real time. Broadening application areas of IoT technology, especially in healthcare, automotive and transportation, driving market growth around the world. In addition, the increasing adoption of digital solutions to transform existing business processes into connected single demand for IoT hardware, solutions and services is expected to increase over the forecast period. In contrast, threats related to data privacy and security hinder the adoption of connected devices to some extent. This, in turn, hinders the growth of the Internet of Things market.

This report analyzes the global Internet of Things market in terms of type, software, service, vertical end users and geography. The global internet of things market is segmented into hardware, software, and service by type. The software segment is further divided into data management software, security software, analysis software, communication software and other software. Based on services, the market is split into consulting, implementation & integration, operations management, repair & maintenance and other services. On the basis of end-user vertical, the global internet of things market is segmented into consumer vertical and B2B vertical. The vertical B2B segment is further divided into the public sector, retail, BFSI, healthcare, manufacturing, energy and utilities, IT and telecom and transportation sectors. The global internet of things market spans major geographic areas such as: North AmericaEuropeAsia-Pacificand Rest of the World.

Based on the deployment model, the global Internet of Things market is divided into the following sub-segments:

Today, the on-premises segment dominates the global Internet of Things market, with more than half of the market share. However, by the end of 2029, the cloud-based deployment model segment is expected to become the largest sub-segment, driven by an increasing propensity by enterprises toward cloud computing technology to reduce costs associated with IT infrastructure. This incentivizes IoT solution providers to introduce industry-specific cloud-based IoT platforms and solutions.

On the basis of the vertical end users, the global Internet of Things market is segmented into the following segments:

  • Vertical consumers

  • B2B vertical

  • Public sector

  • Retail

  • BFSIA

  • healthcare

  • production

  • Energy & Utilities

  • IT & Telecom

  • transport

As of 2020, the global Internet of Things market has been dominated by the B2B end-user segment. The B2B end-user segment accounted for more than three quarters of the global Internet of Things market revenue in the same year. Due to B2B, end-user manufacturing was the largest sub-segment in 2020, accounting for more than 1/3 of the total turnover of the B2B segment. The rise of industrial IoT is changing the way manufacturers conduct manufacturing processes using a variety of smart factory systems and solutions. The Healthcare Internet of Things market is expected to grow at the highest CAGR during the forecast period. The increasing adoption of clinical trial tracking, remote patient monitoring and telemedicine solutions is driving industry adoption of IoT technologies.

On the basis of service, the global Internet of Things market is divided into the following sub-segments:

Of the services, implementation and integration was the largest sub-segment, accounting for more than 40% of the total market in 2020. Demand for implementation and integration services is growing at a significant pace as vertical end-users increasingly deploy smart machines, intelligent systems and smart sensors. In addition, the Operation Management Service sub-segment is expected to show the fastest growth in terms of revenue over the forecast period. This growth is mainly driven by the increasing digitization of business processes in large and medium enterprises in large vertical end users.

On the basis of software, the global Internet of Things market is divided into the following sub-segments:

  • Data management

  • Security

  • Analytics

  • Communication

  • Other software

As of 2020, security software was the largest sub-segment of all software types in the global Internet of Things market, accounting for 1/3 of the segment’s total revenue. In addition, the sub-segment is expected to remain dominant over the forecast period. The growing threat of cyber-attacks is driving major end-users, especially the BFSI and telecom sectors, to deploy advanced security software. Furthermore, communications software is expected to grow at the highest CAGR from 2021 to 2029, driven by continued advancements and innovations in network technologies and the increasing adoption of LTE and small cell technology around the world.

On the basis of geography, the global Internet of Things market has been segmented into the following regions and countries.

  • North America

  • U.S

  • Canada

  • Europe

  • United Kingdom

  • France

  • Germany

  • Rest of Europe

  • Asia-Pacific

  • Japan

  • China

  • India

  • Rest of Asia-Pacific

  • Rest of the world

  • Latin America

  • Middle East and Africa

in 2020, North America was the largest regional market with over 30% market share, followed by Asia-Pacific† In North AmericaUS is a major market for IoT hardware, solutions and services. Major end-user industries such as the manufacturing and public sector in the country are increasingly investing in IoT technologies and solutions to improve business productivity and citizen services. However, the market in Asia-Pacific is expected to grow at the fastest CAGR as a result of the introduction of a beneficial government initiative to support the deployment of IoT technologies in manufacturing, energy, utilities and the public sector. Additionally, Asia-Pacific expected to exceed North America in terms of revenue by 2029.

Main topics covered:

1. Preface

2. Summary

3. Market Dynamics: Internet of Things
3.1. Introduction
3.1.1. Global Internet of Things Market Revenue and YoY Growth, 2019 – 2029
3.2. Market dynamics
3.2.1. Market factors
3.2.2. limits
3.2.3. Impact analysis of market factors and constraints
3.3. Ecosystem Analysis
3.4. Market positioning of the key players

4. Insights into Market Inclination: Internet of Things
4.1. Overview
4.1.1. Evolution of the Internet of Things
4.1.2. Market Ecosystem
4.1.3. Analysis of key trends

5. Global Internet of Things Market Revenue by Type, 2019 – 2029 (US$ Billion)
5.1. Hardware (intelligent system, smart devices, etc.)
5.2. Software
5.3. Shift

6. Global Internet of Things Market Revenue, by Software, 2019 – 2029 (US$ Billion)
6.1. Data Management Software
6.2. Security software
6.3. Analysis software
6.4. Communication software
6.5. Other software

7. Global Internet of Things Market Revenue, by Service, 2019 – 2029 (US$ Billion)
7.1. Consult
7.2. Implementation & Integration
7.3. Operational management
7.4. Repair
7.5. Other services

8. Global Internet of Things Market Revenue, by Deployment Model, 2019 – 2029 (US$ Billion)
8.1. At location
8.2. Cloud based

9. Global Internet of Things Market Revenue, by End User Vertical, 2019 – 2029 (US$ Billion)
9.1. Vertical consumers
9.2. B2B vertical
9.2.1. Public sector
9.2.2. Retail
9.2.3. BFSIA
9.2.4. healthcare
9.2.5. production
9.2.6. Energy & Utilities
9.2.7. IT & Telecom
9.2.8. transport

10. North America Internet of Things Market Analysis, 2019 – 2029 (US$ Billion)

11. Europe Internet of Things Market Analysis, 2019 – 2029 (US$ Billion)

12. Asia Pacific Internet of Things Market Analysis, 2019 – 2029 (US$ Billion)

13. Rest of the World Internet of Things Market Analysis, 2019 – 2029 (US$ Billion)

14. Competitive Landscape
14.1. Market dashboard
14.2. Market structure
14.3. Key strategies adopted by the leading market players

15. Company Profiles
15.1. IBM Corporation
15.2. Cisco Systems, Inc.
15.3. Google Inc.
15.4. Hewlett-Packard Company
15.5. Microsoft Corporation
15.6. Accenture PLC
15.7. Oracle Corporation
15.8. SAP SE
15.9. General Electric (GE)
15.10. Telefonica SA

For more information on this report, please visit https://www.researchandmarkets.com/r/idqnsu

Media contact:

Research and markets
Laura Woodsenior manager
press@researchandmarkets.com

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