International Industries as Well as Customers Progressively Adopt Internet of Things Technologies
The report titled “Global Internet of Things Market and Trends 2021” offers a comprehensive overview of the new developments in the Internet of Things market and related technologies worldwide and provides insights into the possible future industry developments. Among other findings, the publication reveals that around half of global companies’ senior executives strongly believed that the Internet of Things is the technology that will play a crucial role in supporting companies in their recovery after COVID-19.
International Internet of Things value was forecasted to cross a USD one trillion mark by 2024
Defined as a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs), Internet of Things (IoT) offers the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. Both consumers and businesses are increasingly adopting IoT for numerous purposes and the technology is being implemented rapidly across the globe. Moreover, by 2024, international IoT market revenue was calculated to cross a USD one trillion point and by 2030 the number of connected devices will likely reach nearly thirty billion worldwide. Furthermore, observing the trend, global companies’ executives defined the incorporation of IoT into their business as an important strategic objective, according to the surveys cited in this publication. Already in 2020, a major proportion of the IoT revenue worldwide was attributed to the industrial Internet of Things, with transportation equipment, machinery manufacturing, as well as computer and electronic products manufacturing as the leading sectors.
Western Europe is going by leaps and bounds in consumer IoT adoption
According to the 2021 forecast cited in this market report, the largest number of IoT connections in 2030 will be registered in Europe, as compared to other global regions. Following the same estimates, the region will be followed by North America, Asia, Latin America and Middle East & Africa. This, however, comes as no surprise, as already in 2021, almost nine in ten of all West European and more than eight in ten of all East European connectivity service suppliers were the fast wireless link required for IoT optimization. Further, the adoption of consumer IoT, including Internet-connected home energy management, security- and safety connections, home appliances, virtual assistants, TV, and game consoles, was substantially higher in Western Europe than in other EU countries, with the Netherlands, Iceland, Norway, and the UK among the leaders. Meanwhile, in the United States, half of the adults who had to work from home during COVID-19, purchased new smart home devices to advance their homes and improve the working conditions. Additionally, smart lighting, and smart security cameras or video doorbells were the top two smart home product categories that US adults planned to purchase within the H2 of 2020 and H1 2021. In Asia, meanwhile, the adoption of IoT is also progressing, and by 2030, Southeast Asia was forecasted to lead the regional IoT adoption level.
Report Coverage
- This report covers the global Internet of Things (IoT) market. IoT is defined as a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. The report offers insights into the state of IoT technology in different regions across the globe, recent and possible future developments, consumer preferences, technological advances and more.
- In addition to the global data, major global regions in worldwide IoT are covered in the report, including Europe, North America, Asia, Latin America and the Middle East & Africa. The current status of IoT itself and data availability varied by region and country.
Report Structure
- The report opens with a global chapter. It includes information on the global industrial and consumer IoT market developments and projections, top market trends, technological advances, and market players’ and consumers’ preferences.
- The rest of the report is divided by regions, with each regional section containing county chapters and/or regional information, where available. The regions and countries are ranked by the state of IoT market development and include related data points, such as the status of IoT development and its level of adoption, projections, service providers, consumer attitude and others.
- Depending on data availability, the following types of information were included: overview of IoT market drivers and technological advances, state of development, trends, IoT and smart home number of users and market values. Not all types of data mentioned were included for each section due to varying information availability.
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Table of Contents
1. Management Summary
2. Global Market Overview
- Overview of the Trends on the IoT Market and IoT Business Applications, September 2021
- Overview of the Current State of IoT Technologies and Trends, June 2021
- Revenue of the Internet of Things Market, in USD billion, 2019 & 2020 & 2024f
- Number of The Installed IoT Connections, in billions, 2019-2030f
- Mapping of Sectors, by IoT Recurring Revenue, in USD million, and CARG, in %, 2020-2030f
- Number of Connected IoT Devices, by Wide- and Short-Range Devices, in millions, 2017-2026f
- Mobile Subscriptions Number, by Category, incl. LTE and 5G, in millions, 2019 & 2020 & 2026f
- Total Data Traffic, in EB/Months, and Mobile Data Traffic, in GB/Month, per Device, 2019 & 2020 & 2026f
- Top 5 Government IoT Endpoint Electronics and Communications Revenue, by Use Cases, in USD billions, 2019-2021
- Technologies that are Expected to Support Companies in Recovering from COVID-19, in % of Senior Executives, Summer 2020
- Industrial IoT Revenue, by Segments, in %, 2020
- Industrial IoT Data Generation, by Regions, in %, 2020 & 2025f
- Regions’ Market Shares of Industrial IoT Devices, in %, 2020
- Number of Smart Home Devices in Active Use, in billions, 2020 & 2025f
- Smart Home Devices Shipments, by Product Type, in millions, and Market Share, in %, 2020 & 2025f
- Share of Individual and by Subscription Smart Home Devices Purchases, in % of Total, 2025f
- Share of Households with Smart Home Automation in Use, in % of Total, 2025f
- Top 4 Regions/Countries by Unit Shipments of Smart Devices Growth Rate, 2020-2025f
3. Europe
3.1. Regional
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
- Smart Home Devices Shipments, by Product Type, in thousands, and Market Share, in %, 2020 & 2025f
- Top 5 Smart Home Vendors, by Shipments, in thousands, and Market Share, in %, Q4 2019 & Q4 2020
- Mobile, Smartphone, LTE, 5G Subscriptions Number, in millions, Mobile Data, in EB/Month, and Data Traffic per Smartphone, in GB/month, 2019 & 2020 & 2025f
- Fixed Wireless Access Offerings, in % of Connectivity Service Providers, Dec. 2018 & Aug. 2019 & Feb. 2020 & Oct. 2020 & Apr. 2021
- Contribution of 5G on GDP by 2025, by Country, in EUR billion, February 2021
- Internet of Things Usage, by Type of Solution, and by Country, in % of Individuals, H2 2020
- Distribution of Companies Active in IoT, by Services Provided/Products Manufactured, in %, H2 2020
- Top Barriers to Entry or Expansion, in % of Smart Home Device Manufacturers, H2 2020
- Top Barriers to Entry or Expansion, in % of Wirable Device Manufacturers, H2 2020
- Top Barriers to Entry or Expansion, in % of Consumer IoT Service Providers, H2 2020
- Top Barriers to Entry or Expansion, in % of Voice Assistant Providers, H2 2020
3.2. United Kingdom
- Sector Contribution to GDP, incl. Smart Utilities, in GBP billion, 2030f
- Share of Senior Decision-Makers and Implementers of IoT Strategy who Saw IoT as a Business Priority, and Share of those who plan IoT initiatives in the Future, in %, April 2021
- Key Benefits of IoT Initiative, in % of Senior Decision-Makers and Implementers of IoT Strategy, April 2021
- Share of Senior Decision-Makers and Implementers of IoT Strategy Who are Concerned about the Management of the Device and Connectivity, April 2021
3.3. Germany
- Share of Consumer Who Use and Do Not Use Consumer-IoT-Hardware, in %, 2017-2020
- Consumer IoT Context Factors, incl. Status Quo, Medium-Term Target, Suitable Measures, and Level of Market Development Contribution, March 2021
3.4. France
- Share of Companies Using Interconnected Devices, by Company Size, in %, 2020
- Share of Companies Using Interconnected Devices, by Sector, in % of Companies with 50+ Employees, 2020
4. North America
4.1. Regional
- Mobile, Smartphone, LTE, 5G Subscriptions Number, in millions, Mobile Data, in EB/Month, and Data Traffic per Smartphone, in GB/month, 2019 & 2020 & 2025f
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
- Fixed Wireless Access Offerings, in % of Connectivity Service Providers, Dec. 2018 & Aug. 2019 & Feb. 2020 & Oct. 2020 & Apr. 2021
- Average Industrial IoT Devices per Establishment, by Company Size, 2020 & 2025f
- Average Industrial IoT Revenue per Establishment, by Company Size, in USD, 2020 & 2025
4.2. United States
- Smart Product to be Purchases in the Next 12 Months, in % of Home Electronics Purchases Decision-Makers, August 2020
- Share of Adults Who Find it Harder to Separate Home- From Workspace after COVID-19, and Measures Taken to Improve the Situation, in % of Adults, December 2020
- Share of Adults Who Find that Smart Devices Advance Homes, in % of Adults, and The Average Number of Smart Devices Purchased since the Onset of COVID-19, December 2020
- Share of Senior Decision-Makers and Implementers of IoT Strategy who Saw IoT as a Business Priority, and Share of those who plan IoT initiatives in the Future, in %, April 2021
- Key Benefits of IoT Initiative, in % of Senior Decision-Makers and Implementers of IoT Strategy, April 2021
- Share of Senior Decision-Makers and Implementers of IoT Strategy Who are Concerned about the Management of the Device and Connectivity, April 2021
4.3. Canada
- Top 10 Internet of Thing Development Companies, incl. Service Focus, in %, 2021
5. Asia
5.1. Regional
- Number of The Installed IoT Connections, by Type of Market, and by Sub-Region, in billions, 2030f
- Mobile, Smartphone, LTE, 5G Subscriptions Number, in millions, Mobile Data, in EB/Month, and Data Traffic per Smartphone, in GB/month, 2019 & 2020 & 2025f
- Average Industrial IoT Data Generation per Establishment, by Company Size, in terabytes, 2020 & 2025f
- Fixed Wireless Access Offerings, in % of Connectivity Service Providers, Dec. 2018 & Aug. 2019 & Feb. 2020 & Oct. 2020 & Apr. 2021
5.2. China
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
- Number of IoT Connections, in billions, and Year-on-Year Change, in %, 2016-2023f
5.3. Japan
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
- Domestic IoT Market Value, in number of IoT Connections, in JPY trillion, and Year-on-Year Change, in %, 2020-2025f
5.4. South Korea
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
- Sales Value of IoT Services, by Sector, in KRW million, and in % of Total, 2019 & 2020e
- Sectors with High Potential for IoT Adoption or Further Development, in %, February 2021
6. Latin America
6.1. Regional
- Fixed Wireless Access Offerings, in % of Connectivity Service Providers, Dec. 2018 & Aug. 2019 & Feb. 2020 & Oct. 2020 & Apr. 2021
- Mobile, Smartphone, LTE, 5G Subscriptions Number, in millions, Mobile Data, in EB/Month, and Data Traffic per Smartphone, in GB/month, 2019 & 2020 & 2025f
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
6.2. Brazil
- Internet of Things Market Value, in USD billion, 2020 & 2025f
7. Middle East and Africa
7.1. Regional
- Fixed Wireless Access Offerings, in % of Connectivity Service Providers, Dec. 2018 & Aug. 2019 & Feb. 2020 & Oct. 2020 & Apr. 2021
- Mobile, Smartphone, LTE, 5G Subscriptions Number, in millions, Mobile Data, in EB/Month, and Data Traffic per Smartphone, in GB/month, 2019 & 2020 & 2025f
7.2. MENA
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
7.3. SSA
- Number of The Installed IoT Connections, by Type of Market, in billions, 2030f
7.4. Saudi Arabia
- IoT Development Plans, in % of Various Service Providers, February 2021
- Factors Influencing Development of IoT Strategy, in % of Service Providers, February 2021
- Top Deployed IoT Use Cases, in % of Service Providers Using IoT, February 2021
7.5. Kuwait
- IoT Wireless Market and IoT Applications Using 5G GAGR, 2020-2028f
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alora Labs
- Amazon
- DAC.digital
- Ericson
- Guaraná Technologies
- Jellyfish Technologies
- LG Electronics
- Macadamian
- MistyWest
- Poliance Software Development
- Samsung
- Sidekick Interactive
- Sony
- TheAppLabb
- Xiaomi
Methodology
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