IoT Market: Global Opportunity Analysis and Industry Forecast, 2024-2032

IoT Market

The IoT market was valued at $956.0 billion in 2023 and is projected to reach $5.33 trillion by 2032, growing at a CAGR of 21.3% from 2024 to 2032.

The Internet of Things (IoT) is a term that signifies the interconnectedness of different physical equipment integrated with sensors, software, and communicative technologies. IoT devices are also known as smart devices that range from simple home devices to complex industrial machinery. The use of IoT technology offers multiple benefits such as enhanced efficiency, improved equipment utilization, process automation, remote monitoring, and elevated decision-making.

Integration of digital technology across diverse sectors has boosted the requirement for connectivity to ensure efficient operations. This requirement acts as a key driver of the IoT market. In addition, the need for automation and predictive analysis across different industries is boosting the adoption of IoT and augmenting the market development. Furthermore, surge in the adoption of smart devices in residential settings, along with increase in the popularity of connected wearables is propelling the market growth. With the ongoing advancements, the deployment of IoT capabilities into digital twin technology is poised to trend in the future. IoT exhibits the potential to enhance the efficacy of twin models by the integration of real-world data accuracy. This integration is poised to amplify the applicability of digital twins.

However, the widespread connectivity of IoT renders sensitive data vulnerable to data breaches and cyberattacks. This deters several individuals and industries from adopting smart devices, thereby limiting the expansion of the market. The management consulting firm, McKinsey states that IoT ecosystem comprises of millions to tens of millions of vulnerable end points that are highly prone to cyberattacks. Moreover, lack of standardization across different devices leads to compatibility issues in the IoT ecosystem, which restrains the growth of the market. Contrarily, the expansion of smart cities and Industrial IoT is poised to present lucrative opportunities for the IoT market.

Segment Review

The IoT market is segmented into component, deployment mode, organization size, platform, technology, industry vertical, and region. On the basis of component, the market is bifurcated into solution and services. Depending on deployment mode, it is divided into on-premise and cloud. As per organization size, it is classified into large enterprises and small & medium-sized enterprises. By platform, it is divided into device management, application management, and network management.

According to technology, it is categorized into radiofrequency identification, pressure sensors, network communications, data processing, and near-field communications. By industry vertical, it is divided into retail, e-commerce & consumer electronics, energy & utility, healthcare, transportation & logistics, IT & telecom, manufacturing, others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA.

Key Findings

On the basis of component, the solution segment accounted for the highest market share in 2023.

Depending on deployment mode, the on-premise segment was the highest shareholder in 2023.

As per organization size, the large enterprises segment acquired a high stake in the market in 2023.

By platform, the device management segment dominated the market in 2023.

According to technology, the network communications segment held a high market share in 2023.

By industry vertical, the IT & telecom segment garnered a significant share of the market in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The major players of the global IoT market include Google LLC, Hewlett Packard Enterprise, Cisco Systems, Inc., International Business Machine Corporation (IBM), SAP SE, Microsoft Corporation, Amazon Web Service, Oracle Corporation, Intel Corporation, and Bosch Software Innovation GMBH. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:

Quarterly Update* (with the purchase of an enterprise license)
5 additional Company Profiles, pre- or post-purchase, as a free update.
Free Updated Version (once released) with the purchase of an enterprise user license.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

End user preferences and pain points
Industry life cycle assessment, by region
Product Benchmarking / Product specification and applications
Product Life Cycles
Scenario Analysis & Growth Trend Comparison
Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Regulatory Guidelines
Strategic Recommendations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Component

Solution
Services

By Deployment Mode

On-premise
Cloud

By Organization Size

Large Enterprises
Small and Medium-sized Enterprises

By Platform

Device Management
Application Management
Network Management

By Technology

Radiofrequency Identification
Pressure Sensors
Network Communications
Data Processing
Near-field Communications

By Industry Vertical

Retail
E-commerce Consumer Electronics
Energy Utility
Healthcare
Transportation Logistics
IT Telecom
Manufacturing
Others

By Region

North America
U.S.
Canada
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Colombia
Argentina
Rest of Latin America
MEA
Saudi Arabia
South Africa
UAE
Rest of MEA

Key Market Players

Google LLC
Hewlett Packard Enterprise
Cisco Systems, Inc.
International Business Machine Corporation (IBM)
SAP SE
Microsoft Corporation
Amazon Web Service
Oracle Corporation
Intel Corporation
Bosch Software Innovation GMBH

Please note:

Online Access price format is valid for 60 days access. Printing is not enabled.
PDF Single and Enterprise price formats enable printing.

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

CHAPTER 4: IOT MARKET, BY COMPONENT

4.1. Market Overview
4.1.1 Market Size and Forecast, By Component
4.2. Solution
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Services
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country

CHAPTER 5: IOT MARKET, BY DEPLOYMENT MODE

5.1. Market Overview
5.1.1 Market Size and Forecast, By Deployment Mode
5.2. On-premise
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Cloud
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country

CHAPTER 6: IOT MARKET, BY ORGANIZATION SIZE

6.1. Market Overview
6.1.1 Market Size and Forecast, By Organization Size
6.2. Large Enterprises
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Small And Medium-sized Enterprises
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country

CHAPTER 7: IOT MARKET, BY PLATFORM

7.1. Market Overview
7.1.1 Market Size and Forecast, By Platform
7.2. Device Management
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, By Region
7.2.3. Market Share Analysis, By Country
7.3. Application Management
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, By Region
7.3.3. Market Share Analysis, By Country
7.4. Network Management
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, By Region
7.4.3. Market Share Analysis, By Country

CHAPTER 8: IOT MARKET, BY TECHNOLOGY

8.1. Market Overview
8.1.1 Market Size and Forecast, By Technology
8.2. Radiofrequency Identification
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast, By Region
8.2.3. Market Share Analysis, By Country
8.3. Pressure Sensors
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast, By Region
8.3.3. Market Share Analysis, By Country
8.4. Network Communications
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast, By Region
8.4.3. Market Share Analysis, By Country
8.5. Data Processing
8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Size and Forecast, By Region
8.5.3. Market Share Analysis, By Country
8.6. Near-field Communications
8.6.1. Key Market Trends, Growth Factors and Opportunities
8.6.2. Market Size and Forecast, By Region
8.6.3. Market Share Analysis, By Country

CHAPTER 9: IOT MARKET, BY INDUSTRY VERTICAL

9.1. Market Overview
9.1.1 Market Size and Forecast, By Industry Vertical
9.2. Retail
9.2.1. Key Market Trends, Growth Factors and Opportunities
9.2.2. Market Size and Forecast, By Region
9.2.3. Market Share Analysis, By Country
9.3. E-commerce Consumer Electronics
9.3.1. Key Market Trends, Growth Factors and Opportunities
9.3.2. Market Size and Forecast, By Region
9.3.3. Market Share Analysis, By Country
9.4. Energy Utility
9.4.1. Key Market Trends, Growth Factors and Opportunities
9.4.2. Market Size and Forecast, By Region
9.4.3. Market Share Analysis, By Country
9.5. Healthcare
9.5.1. Key Market Trends, Growth Factors and Opportunities
9.5.2. Market Size and Forecast, By Region
9.5.3. Market Share Analysis, By Country
9.6. Transportation Logistics
9.6.1. Key Market Trends, Growth Factors and Opportunities
9.6.2. Market Size and Forecast, By Region
9.6.3. Market Share Analysis, By Country
9.7. IT Telecom
9.7.1. Key Market Trends, Growth Factors and Opportunities
9.7.2. Market Size and Forecast, By Region
9.7.3. Market Share Analysis, By Country
9.8. Manufacturing
9.8.1. Key Market Trends, Growth Factors and Opportunities
9.8.2. Market Size and Forecast, By Region
9.8.3. Market Share Analysis, By Country
9.9. Others
9.9.1. Key Market Trends, Growth Factors and Opportunities
9.9.2. Market Size and Forecast, By Region
9.9.3. Market Share Analysis, By Country

CHAPTER 10: IOT MARKET, BY REGION

10.1. Market Overview
10.1.1 Market Size and Forecast, By Region
10.2. North America
10.2.1. Key Market Trends and Opportunities
10.2.2. Market Size and Forecast, By Component
10.2.3. Market Size and Forecast, By Deployment Mode
10.2.4. Market Size and Forecast, By Organization Size
10.2.5. Market Size and Forecast, By Platform
10.2.6. Market Size and Forecast, By Technology
10.2.7. Market Size and Forecast, By Industry Vertical
10.2.8. Market Size and Forecast, By Country
10.2.9. U.S. IoT Market
10.2.9.1. Market Size and Forecast, By Component
10.2.9.2. Market Size and Forecast, By Deployment Mode
10.2.9.3. Market Size and Forecast, By Organization Size
10.2.9.4. Market Size and Forecast, By Platform
10.2.9.5. Market Size and Forecast, By Technology
10.2.9.6. Market Size and Forecast, By Industry Vertical
10.2.10. Canada IoT Market
10.2.10.1. Market Size and Forecast, By Component
10.2.10.2. Market Size and Forecast, By Deployment Mode
10.2.10.3. Market Size and Forecast, By Organization Size
10.2.10.4. Market Size and Forecast, By Platform
10.2.10.5. Market Size and Forecast, By Technology
10.2.10.6. Market Size and Forecast, By Industry Vertical
10.3. Europe
10.3.1. Key Market Trends and Opportunities
10.3.2. Market Size and Forecast, By Component
10.3.3. Market Size and Forecast, By Deployment Mode
10.3.4. Market Size and Forecast, By Organization Size
10.3.5. Market Size and Forecast, By Platform
10.3.6. Market Size and Forecast, By Technology
10.3.7. Market Size and Forecast, By Industry Vertical
10.3.8. Market Size and Forecast, By Country
10.3.9. France IoT Market
10.3.9.1. Market Size and Forecast, By Component
10.3.9.2. Market Size and Forecast, By Deployment Mode
10.3.9.3. Market Size and Forecast, By Organization Size
10.3.9.4. Market Size and Forecast, By Platform
10.3.9.5. Market Size and Forecast, By Technology
10.3.9.6. Market Size and Forecast, By Industry Vertical
10.3.10. Germany IoT Market
10.3.10.1. Market Size and Forecast, By Component
10.3.10.2. Market Size and Forecast, By Deployment Mode
10.3.10.3. Market Size and Forecast, By Organization Size
10.3.10.4. Market Size and Forecast, By Platform
10.3.10.5. Market Size and Forecast, By Technology
10.3.10.6. Market Size and Forecast, By Industry Vertical
10.3.11. Italy IoT Market
10.3.11.1. Market Size and Forecast, By Component
10.3.11.2. Market Size and Forecast, By Deployment Mode
10.3.11.3. Market Size and Forecast, By Organization Size
10.3.11.4. Market Size and Forecast, By Platform
10.3.11.5. Market Size and Forecast, By Technology
10.3.11.6. Market Size and Forecast, By Industry Vertical
10.3.12. Spain IoT Market
10.3.12.1. Market Size and Forecast, By Component
10.3.12.2. Market Size and Forecast, By Deployment Mode
10.3.12.3. Market Size and Forecast, By Organization Size
10.3.12.4. Market Size and Forecast, By Platform
10.3.12.5. Market Size and Forecast, By Technology
10.3.12.6. Market Size and Forecast, By Industry Vertical
10.3.13. UK IoT Market
10.3.13.1. Market Size and Forecast, By Component
10.3.13.2. Market Size and Forecast, By Deployment Mode
10.3.13.3. Market Size and Forecast, By Organization Size
10.3.13.4. Market Size and Forecast, By Platform
10.3.13.5. Market Size and Forecast, By Technology
10.3.13.6. Market Size and Forecast, By Industry Vertical
10.3.14. Rest Of Europe IoT Market
10.3.14.1. Market Size and Forecast, By Component
10.3.14.2. Market Size and Forecast, By Deployment Mode
10.3.14.3. Market Size and Forecast, By Organization Size
10.3.14.4. Market Size and Forecast, By Platform
10.3.14.5. Market Size and Forecast, By Technology
10.3.14.6. Market Size and Forecast, By Industry Vertical
10.4. Asia-Pacific
10.4.1. Key Market Trends and Opportunities
10.4.2. Market Size and Forecast, By Component
10.4.3. Market Size and Forecast, By Deployment Mode
10.4.4. Market Size and Forecast, By Organization Size
10.4.5. Market Size and Forecast, By Platform
10.4.6. Market Size and Forecast, By Technology
10.4.7. Market Size and Forecast, By Industry Vertical
10.4.8. Market Size and Forecast, By Country
10.4.9. China IoT Market
10.4.9.1. Market Size and Forecast, By Component
10.4.9.2. Market Size and Forecast, By Deployment Mode
10.4.9.3. Market Size and Forecast, By Organization Size
10.4.9.4. Market Size and Forecast, By Platform
10.4.9.5. Market Size and Forecast, By Technology
10.4.9.6. Market Size and Forecast, By Industry Vertical
10.4.10. Japan IoT Market
10.4.10.1. Market Size and Forecast, By Component
10.4.10.2. Market Size and Forecast, By Deployment Mode
10.4.10.3. Market Size and Forecast, By Organization Size
10.4.10.4. Market Size and Forecast, By Platform
10.4.10.5. Market Size and Forecast, By Technology
10.4.10.6. Market Size and Forecast, By Industry Vertical
10.4.11. India IoT Market
10.4.11.1. Market Size and Forecast, By Component
10.4.11.2. Market Size and Forecast, By Deployment Mode
10.4.11.3. Market Size and Forecast, By Organization Size
10.4.11.4. Market Size and Forecast, By Platform
10.4.11.5. Market Size and Forecast, By Technology
10.4.11.6. Market Size and Forecast, By Industry Vertical
10.4.12. South Korea IoT Market
10.4.12.1. Market Size and Forecast, By Component
10.4.12.2. Market Size and Forecast, By Deployment Mode
10.4.12.3. Market Size and Forecast, By Organization Size
10.4.12.4. Market Size and Forecast, By Platform
10.4.12.5. Market Size and Forecast, By Technology
10.4.12.6. Market Size and Forecast, By Industry Vertical
10.4.13. Australia IoT Market
10.4.13.1. Market Size and Forecast, By Component
10.4.13.2. Market Size and Forecast, By Deployment Mode
10.4.13.3. Market Size and Forecast, By Organization Size
10.4.13.4. Market Size and Forecast, By Platform
10.4.13.5. Market Size and Forecast, By Technology
10.4.13.6. Market Size and Forecast, By Industry Vertical
10.4.14. Rest of Asia-Pacific IoT Market
10.4.14.1. Market Size and Forecast, By Component
10.4.14.2. Market Size and Forecast, By Deployment Mode
10.4.14.3. Market Size and Forecast, By Organization Size
10.4.14.4. Market Size and Forecast, By Platform
10.4.14.5. Market Size and Forecast, By Technology
10.4.14.6. Market Size and Forecast, By Industry Vertical
10.5. Latin America
10.5.1. Key Market Trends and Opportunities
10.5.2. Market Size and Forecast, By Component
10.5.3. Market Size and Forecast, By Deployment Mode
10.5.4. Market Size and Forecast, By Organization Size
10.5.5. Market Size and Forecast, By Platform
10.5.6. Market Size and Forecast, By Technology
10.5.7. Market Size and Forecast, By Industry Vertical
10.5.8. Market Size and Forecast, By Country
10.5.9. Brazil IoT Market
10.5.9.1. Market Size and Forecast, By Component
10.5.9.2. Market Size and Forecast, By Deployment Mode
10.5.9.3. Market Size and Forecast, By Organization Size
10.5.9.4. Market Size and Forecast, By Platform
10.5.9.5. Market Size and Forecast, By Technology
10.5.9.6. Market Size and Forecast, By Industry Vertical
10.5.10. Colombia IoT Market
10.5.10.1. Market Size and Forecast, By Component
10.5.10.2. Market Size and Forecast, By Deployment Mode
10.5.10.3. Market Size and Forecast, By Organization Size
10.5.10.4. Market Size and Forecast, By Platform
10.5.10.5. Market Size and Forecast, By Technology
10.5.10.6. Market Size and Forecast, By Industry Vertical
10.5.11. Argentina IoT Market
10.5.11.1. Market Size and Forecast, By Component
10.5.11.2. Market Size and Forecast, By Deployment Mode
10.5.11.3. Market Size and Forecast, By Organization Size
10.5.11.4. Market Size and Forecast, By Platform
10.5.11.5. Market Size and Forecast, By Technology
10.5.11.6. Market Size and Forecast, By Industry Vertical
10.5.12. REST oF Latin America IoT Market
10.5.12.1. Market Size and Forecast, By Component
10.5.12.2. Market Size and Forecast, By Deployment Mode
10.5.12.3. Market Size and Forecast, By Organization Size
10.5.12.4. Market Size and Forecast, By Platform
10.5.12.5. Market Size and Forecast, By Technology
10.5.12.6. Market Size and Forecast, By Industry Vertical
10.6. MEA
10.6.1. Key Market Trends and Opportunities
10.6.2. Market Size and Forecast, By Component
10.6.3. Market Size and Forecast, By Deployment Mode
10.6.4. Market Size and Forecast, By Organization Size
10.6.5. Market Size and Forecast, By Platform
10.6.6. Market Size and Forecast, By Technology
10.6.7. Market Size and Forecast, By Industry Vertical
10.6.8. Market Size and Forecast, By Country
10.6.9. Saudi Arabia IoT Market
10.6.9.1. Market Size and Forecast, By Component
10.6.9.2. Market Size and Forecast, By Deployment Mode
10.6.9.3. Market Size and Forecast, By Organization Size
10.6.9.4. Market Size and Forecast, By Platform
10.6.9.5. Market Size and Forecast, By Technology
10.6.9.6. Market Size and Forecast, By Industry Vertical
10.6.10. South Africa IoT Market
10.6.10.1. Market Size and Forecast, By Component
10.6.10.2. Market Size and Forecast, By Deployment Mode
10.6.10.3. Market Size and Forecast, By Organization Size
10.6.10.4. Market Size and Forecast, By Platform
10.6.10.5. Market Size and Forecast, By Technology
10.6.10.6. Market Size and Forecast, By Industry Vertical
10.6.11. UAE IoT Market
10.6.11.1. Market Size and Forecast, By Component
10.6.11.2. Market Size and Forecast, By Deployment Mode
10.6.11.3. Market Size and Forecast, By Organization Size
10.6.11.4. Market Size and Forecast, By Platform
10.6.11.5. Market Size and Forecast, By Technology
10.6.11.6. Market Size and Forecast, By Industry Vertical
10.6.12. Rest Of Mea IoT Market
10.6.12.1. Market Size and Forecast, By Component
10.6.12.2. Market Size and Forecast, By Deployment Mode
10.6.12.3. Market Size and Forecast, By Organization Size
10.6.12.4. Market Size and Forecast, By Platform
10.6.12.5. Market Size and Forecast, By Technology
10.6.12.6. Market Size and Forecast, By Industry Vertical

CHAPTER 11: COMPETITIVE LANDSCAPE

11.1. Introduction
11.2. Top Winning Strategies
11.3. Product Mapping Of Top 10 Player
11.4. Competitive Dashboard
11.5. Competitive Heatmap
11.6. Top Player Positioning, 2023

CHAPTER 12: COMPANY PROFILES

12.1. Google LLC
12.1.1. Company Overview
12.1.2. Key Executives
12.1.3. Company Snapshot
12.1.4. Operating Business Segments
12.1.5. Product Portfolio
12.1.6. Business Performance
12.1.7. Key Strategic Moves and Developments
12.2. Hewlett Packard Enterprise
12.2.1. Company Overview
12.2.2. Key Executives
12.2.3. Company Snapshot
12.2.4. Operating Business Segments
12.2.5. Product Portfolio
12.2.6. Business Performance
12.2.7. Key Strategic Moves and Developments
12.3. Cisco Systems, Inc.
12.3.1. Company Overview
12.3.2. Key Executives
12.3.3. Company Snapshot
12.3.4. Operating Business Segments
12.3.5. Product Portfolio
12.3.6. Business Performance
12.3.7. Key Strategic Moves and Developments
12.4. International Business Machine Corporation (IBM)
12.4.1. Company Overview
12.4.2. Key Executives
12.4.3. Company Snapshot
12.4.4. Operating Business Segments
12.4.5. Product Portfolio
12.4.6. Business Performance
12.4.7. Key Strategic Moves and Developments
12.5. SAP SE
12.5.1. Company Overview
12.5.2. Key Executives
12.5.3. Company Snapshot
12.5.4. Operating Business Segments
12.5.5. Product Portfolio
12.5.6. Business Performance
12.5.7. Key Strategic Moves and Developments
12.6. Microsoft Corporation
12.6.1. Company Overview
12.6.2. Key Executives
12.6.3. Company Snapshot
12.6.4. Operating Business Segments
12.6.5. Product Portfolio
12.6.6. Business Performance
12.6.7. Key Strategic Moves and Developments
12.7. Amazon Web Service
12.7.1. Company Overview
12.7.2. Key Executives
12.7.3. Company Snapshot
12.7.4. Operating Business Segments
12.7.5. Product Portfolio
12.7.6. Business Performance
12.7.7. Key Strategic Moves and Developments
12.8. Oracle Corporation
12.8.1. Company Overview
12.8.2. Key Executives
12.8.3. Company Snapshot
12.8.4. Operating Business Segments
12.8.5. Product Portfolio
12.8.6. Business Performance
12.8.7. Key Strategic Moves and Developments
12.9. Intel Corporation
12.9.1. Company Overview
12.9.2. Key Executives
12.9.3. Company Snapshot
12.9.4. Operating Business Segments
12.9.5. Product Portfolio
12.9.6. Business Performance
12.9.7. Key Strategic Moves and Developments
12.10. Bosch Software Innovation GMBH
12.10.1. Company Overview
12.10.2. Key Executives
12.10.3. Company Snapshot
12.10.4. Operating Business Segments
12.10.5. Product Portfolio
12.10.6. Business Performance
12.10.7. Key Strategic Moves and Developments

LIST OF TABLES

Table 1. Global IoT Market, by Component, 2024 - 2032 ($Billion)
Table 2. IoT Market for Solution, by Region, 2024 - 2032 ($Billion)
Table 3. IoT Market for Services, by Region, 2024 - 2032 ($Billion)
Table 4. Global IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 5. IoT Market for On-Premise, by Region, 2024 - 2032 ($Billion)
Table 6. IoT Market for Cloud, by Region, 2024 - 2032 ($Billion)
Table 7. Global IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 8. IoT Market for Large Enterprises, by Region, 2024 - 2032 ($Billion)
Table 9. IoT Market for Small and Medium-Sized Enterprises, by Region, 2024 - 2032 ($Billion)
Table 10. Global IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 11. IoT Market for Device Management, by Region, 2024 - 2032 ($Billion)
Table 12. IoT Market for Application Management, by Region, 2024 - 2032 ($Billion)
Table 13. IoT Market for Network Management, by Region, 2024 - 2032 ($Billion)
Table 14. Global IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 15. IoT Market for Radiofrequency Identification, by Region, 2024 - 2032 ($Billion)
Table 16. IoT Market for Pressure Sensors, by Region, 2024 - 2032 ($Billion)
Table 17. IoT Market for Network Communications, by Region, 2024 - 2032 ($Billion)
Table 18. IoT Market for Data Processing, by Region, 2024 - 2032 ($Billion)
Table 19. IoT Market for Near-Field Communications, by Region, 2024 - 2032 ($Billion)
Table 20. Global IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 21. IoT Market for Retail, by Region, 2024 - 2032 ($Billion)
Table 22. IoT Market for E-Commerce Consumer Electronics, by Region, 2024 - 2032 ($Billion)
Table 23. IoT Market for Energy Utility, by Region, 2024 - 2032 ($Billion)
Table 24. IoT Market for Healthcare, by Region, 2024 - 2032 ($Billion)
Table 25. IoT Market for Transportation Logistics, by Region, 2024 - 2032 ($Billion)
Table 26. IoT Market for IT Telecom, by Region, 2024 - 2032 ($Billion)
Table 27. IoT Market for Manufacturing, by Region, 2024 - 2032 ($Billion)
Table 28. IoT Market for Others, by Region, 2024 - 2032 ($Billion)
Table 29. IoT Market, by Region, 2024 - 2032 ($Billion)
Table 30. North America IoT Market, by Country, 2024 - 2032 ($Billion)
Table 31. North America IoT Market, by Component, 2024 - 2032 ($Billion)
Table 32. North America IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 33. North America IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 34. North America IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 35. North America IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 36. North America IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 37. U.S. IoT Market, by Component, 2024 - 2032 ($Billion)
Table 38. U.S. IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 39. U.S. IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 40. U.S. IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 41. U.S. IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 42. U.S. IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 43. Canada IoT Market, by Component, 2024 - 2032 ($Billion)
Table 44. Canada IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 45. Canada IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 46. Canada IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 47. Canada IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 48. Canada IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 49. Europe IoT Market, by Country, 2024 - 2032 ($Billion)
Table 50. Europe IoT Market, by Component, 2024 - 2032 ($Billion)
Table 51. Europe IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 52. Europe IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 53. Europe IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 54. Europe IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 55. Europe IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 56. France IoT Market, by Component, 2024 - 2032 ($Billion)
Table 57. France IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 58. France IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 59. France IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 60. France IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 61. France IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 62. Germany IoT Market, by Component, 2024 - 2032 ($Billion)
Table 63. Germany IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 64. Germany IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 65. Germany IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 66. Germany IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 67. Germany IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 68. Italy IoT Market, by Component, 2024 - 2032 ($Billion)
Table 69. Italy IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 70. Italy IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 71. Italy IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 72. Italy IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 73. Italy IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 74. Spain IoT Market, by Component, 2024 - 2032 ($Billion)
Table 75. Spain IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 76. Spain IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 77. Spain IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 78. Spain IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 79. Spain IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 80. UK IoT Market, by Component, 2024 - 2032 ($Billion)
Table 81. UK IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 82. UK IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 83. UK IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 84. UK IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 85. UK IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 86. Rest of Europe IoT Market, by Component, 2024 - 2032 ($Billion)
Table 87. Rest of Europe IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 88. Rest of Europe IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 89. Rest of Europe IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 90. Rest of Europe IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 91. Rest of Europe IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 92. Asia-Pacific IoT Market, by Country, 2024 - 2032 ($Billion)
Table 93. Asia-Pacific IoT Market, by Component, 2024 - 2032 ($Billion)
Table 94. Asia-Pacific IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 95. Asia-Pacific IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 96. Asia-Pacific IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 97. Asia-Pacific IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 98. Asia-Pacific IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 99. China IoT Market, by Component, 2024 - 2032 ($Billion)
Table 100. China IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 101. China IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 102. China IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 103. China IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 104. China IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 105. Japan IoT Market, by Component, 2024 - 2032 ($Billion)
Table 106. Japan IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 107. Japan IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 108. Japan IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 109. Japan IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 110. Japan IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 111. India IoT Market, by Component, 2024 - 2032 ($Billion)
Table 112. India IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 113. India IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 114. India IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 115. India IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 116. India IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 117. South Korea IoT Market, by Component, 2024 - 2032 ($Billion)
Table 118. South Korea IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 119. South Korea IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 120. South Korea IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 121. South Korea IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 122. South Korea IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 123. Australia IoT Market, by Component, 2024 - 2032 ($Billion)
Table 124. Australia IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 125. Australia IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 126. Australia IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 127. Australia IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 128. Australia IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 129. Rest of Asia-Pacific IoT Market, by Component, 2024 - 2032 ($Billion)
Table 130. Rest of Asia-Pacific IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 131. Rest of Asia-Pacific IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 132. Rest of Asia-Pacific IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 133. Rest of Asia-Pacific IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 134. Rest of Asia-Pacific IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 135. Latin America IoT Market, by Country, 2024 - 2032 ($Billion)
Table 136. Latin America IoT Market, by Component, 2024 - 2032 ($Billion)
Table 137. Latin America IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 138. Latin America IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 139. Latin America IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 140. Latin America IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 141. Latin America IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 142. Brazil IoT Market, by Component, 2024 - 2032 ($Billion)
Table 143. Brazil IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 144. Brazil IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 145. Brazil IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 146. Brazil IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 147. Brazil IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 148. Colombia IoT Market, by Component, 2024 - 2032 ($Billion)
Table 149. Colombia IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 150. Colombia IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 151. Colombia IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 152. Colombia IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 153. Colombia IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 154. Argentina IoT Market, by Component, 2024 - 2032 ($Billion)
Table 155. Argentina IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 156. Argentina IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 157. Argentina IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 158. Argentina IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 159. Argentina IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 160. Rest of Latin America IoT Market, by Component, 2024 - 2032 ($Billion)
Table 161. Rest of Latin America IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 162. Rest of Latin America IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 163. Rest of Latin America IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 164. Rest of Latin America IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 165. Rest of Latin America IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 166. MEA IoT Market, by Country, 2024 - 2032 ($Billion)
Table 167. MEA IoT Market, by Component, 2024 - 2032 ($Billion)
Table 168. MEA IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 169. MEA IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 170. MEA IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 171. MEA IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 172. MEA IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 173. Saudi Arabia IoT Market, by Component, 2024 - 2032 ($Billion)
Table 174. Saudi Arabia IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 175. Saudi Arabia IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 176. Saudi Arabia IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 177. Saudi Arabia IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 178. Saudi Arabia IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 179. South Africa IoT Market, by Component, 2024 - 2032 ($Billion)
Table 180. South Africa IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 181. South Africa IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 182. South Africa IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 183. South Africa IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 184. South Africa IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 185. UAE IoT Market, by Component, 2024 - 2032 ($Billion)
Table 186. UAE IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 187. UAE IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 188. UAE IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 189. UAE IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 190. UAE IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 191. Rest of MEA IoT Market, by Component, 2024 - 2032 ($Billion)
Table 192. Rest of MEA IoT Market, by Deployment Mode, 2024 - 2032 ($Billion)
Table 193. Rest of MEA IoT Market, by Organization Size, 2024 - 2032 ($Billion)
Table 194. Rest of MEA IoT Market, by Platform, 2024 - 2032 ($Billion)
Table 195. Rest of MEA IoT Market, by Technology, 2024 - 2032 ($Billion)
Table 196. Rest of MEA IoT Market, by Industry Vertical, 2024 - 2032 ($Billion)
Table 197. Google LLC: Key Executives
Table 198. Google LLC: Company Snapshot
Table 199. Google LLC: Operating Segments
Table 200. Google LLC: Product Portfolio
Table 201. Google LLC: Key Strategic Moves and Developments
Table 202. Hewlett Packard Enterprise: Key Executives
Table 203. Hewlett Packard Enterprise: Company Snapshot
Table 204. Hewlett Packard Enterprise: Operating Segments
Table 205. Hewlett Packard Enterprise: Product Portfolio
Table 206. Hewlett Packard Enterprise: Key Strategic Moves and Developments
Table 207. Cisco Systems, Inc.: Key Executives
Table 208. Cisco Systems, Inc.: Company Snapshot
Table 209. Cisco Systems, Inc.: Operating Segments
Table 210. Cisco Systems, Inc.: Product Portfolio
Table 211. Cisco Systems, Inc.: Key Strategic Moves and Developments
Table 212. International Business Machine Corporation (IBM) : Key Executives
Table 213. International Business Machine Corporation (IBM) : Company Snapshot
Table 214. International Business Machine Corporation (IBM) : Operating Segments
Table 215. International Business Machine Corporation (IBM) : Product Portfolio
Table 216. International Business Machine Corporation (IBM) : Key Strategic Moves and Developments
Table 217. SAP SE: Key Executives
Table 218. SAP SE: Company Snapshot
Table 219. SAP SE: Operating Segments
Table 220. SAP SE: Product Portfolio
Table 221. SAP SE: Key Strategic Moves and Developments
Table 222. Microsoft Corporation: Key Executives
Table 223. Microsoft Corporation: Company Snapshot
Table 224. Microsoft Corporation: Operating Segments
Table 225. Microsoft Corporation: Product Portfolio
Table 226. Microsoft Corporation: Key Strategic Moves and Developments
Table 227. Amazon Web Service: Key Executives
Table 228. Amazon Web Service: Company Snapshot
Table 229. Amazon Web Service: Operating Segments
Table 230. Amazon Web Service: Product Portfolio
Table 231. Amazon Web Service: Key Strategic Moves and Developments
Table 232. Oracle Corporation: Key Executives
Table 233. Oracle Corporation: Company Snapshot
Table 234. Oracle Corporation: Operating Segments
Table 235. Oracle Corporation: Product Portfolio
Table 236. Oracle Corporation: Key Strategic Moves and Developments
Table 237. Intel Corporation: Key Executives
Table 238. Intel Corporation: Company Snapshot
Table 239. Intel Corporation: Operating Segments
Table 240. Intel Corporation: Product Portfolio
Table 241. Intel Corporation: Key Strategic Moves and Developments
Table 242. Bosch Software Innovation GmbH: Key Executives
Table 243. Bosch Software Innovation GmbH: Company Snapshot
Table 244. Bosch Software Innovation GmbH: Operating Segments
Table 245. Bosch Software Innovation GmbH: Product Portfolio
Table 246. Bosch Software Innovation GmbH: Key Strategic Moves and Developments

LIST OF FIGURES

Figure 1. Global IoT Market, 2024 - 2032
Figure 2. Segmentation of IoT Market, 2024 - 2032
Figure 3. Top Investment Pocket in IoT Market
Figure 4. Moderate Bargaining Power of Buyers
Figure 5. Moderate Bargaining Power of Suppliers
Figure 6. Moderate Threat of New Entrants
Figure 7. Low Threat of Substitution
Figure 8. High Competitive Rivalry
Figure 9. Opportunities, Restraints and Drivers: Globaliot Market
Figure 10. Global IoT Market Segmentation, by Component
Figure 11. IoT Market for Solution, by Country, 2024 - 2032 ($Billion)
Figure 12. IoT Market for Services, by Country, 2024 - 2032 ($Billion)
Figure 13. Global IoT Market Segmentation, by Deployment Mode
Figure 14. IoT Market for On-Premise, by Country, 2024 - 2032 ($Billion)
Figure 15. IoT Market for Cloud, by Country, 2024 - 2032 ($Billion)
Figure 16. Global IoT Market Segmentation, by Organization Size
Figure 17. IoT Market for Large Enterprises, by Country, 2024 - 2032 ($Billion)
Figure 18. IoT Market for Small and Medium-Sized Enterprises, by Country, 2024 - 2032 ($Billion)
Figure 19. Global IoT Market Segmentation, by Platform
Figure 20. IoT Market for Device Management, by Country, 2024 - 2032 ($Billion)
Figure 21. IoT Market for Application Management, by Country, 2024 - 2032 ($Billion)
Figure 22. IoT Market for Network Management, by Country, 2024 - 2032 ($Billion)
Figure 23. Global IoT Market Segmentation, by Technology
Figure 24. IoT Market for Radiofrequency Identification, by Country, 2024 - 2032 ($Billion)
Figure 25. IoT Market for Pressure Sensors, by Country, 2024 - 2032 ($Billion)
Figure 26. IoT Market for Network Communications, by Country, 2024 - 2032 ($Billion)
Figure 27. IoT Market for Data Processing, by Country, 2024 - 2032 ($Billion)
Figure 28. IoT Market for Near-Field Communications, by Country, 2024 - 2032 ($Billion)
Figure 29. Global IoT Market Segmentation, by Industry Vertical
Figure 30. IoT Market for Retail, by Country, 2024 - 2032 ($Billion)
Figure 31. IoT Market for E-Commerce Consumer Electronics, by Country, 2024 - 2032 ($Billion)
Figure 32. IoT Market for Energy Utility, by Country, 2024 - 2032 ($Billion)
Figure 33. IoT Market for Healthcare, by Country, 2024 - 2032 ($Billion)
Figure 34. IoT Market for Transportation Logistics, by Country, 2024 - 2032 ($Billion)
Figure 35. IoT Market for IT Telecom, by Country, 2024 - 2032 ($Billion)
Figure 36. IoT Market for Manufacturing, by Country, 2024 - 2032 ($Billion)
Figure 37. IoT Market for Others, by Country, 2024 - 2032 ($Billion)
Figure 38. Top Winning Strategies, by Year, 2021-2023*
Figure 39. Top Winning Strategies, by Development, 2021-2023*
Figure 40. Top Winning Strategies, by Company, 2021-2023*
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap: IoT Market
Figure 44. Top Player Positioning, 2023
Figure 45. Google LLC: Net Sales, 2021-2023 ($Billion)
Figure 46. Google LLC: Revenue Share, by Segment, 2023 (%)
Figure 47. Google LLC: Revenue Share, by Region, 2023 (%)
Figure 48. Hewlett Packard Enterprise: Net Sales, 2021-2023 ($Billion)
Figure 49. Hewlett Packard Enterprise: Revenue Share, by Segment, 2023 (%)
Figure 50. Hewlett Packard Enterprise: Revenue Share, by Region, 2023 (%)
Figure 51. Cisco Systems, Inc.: Net Sales, 2021-2023 ($Billion)
Figure 52. Cisco Systems, Inc.: Revenue Share, by Segment, 2023 (%)
Figure 53. Cisco Systems, Inc.: Revenue Share, by Region, 2023 (%)
Figure 54. International Business Machine Corporation (IBM) : Net Sales, 2021-2023 ($Billion)
Figure 55. International Business Machine Corporation (IBM) : Revenue Share, by Segment, 2023 (%)
Figure 56. International Business Machine Corporation (IBM) : Revenue Share, by Region, 2023 (%)
Figure 57. SAP SE: Net Sales, 2021-2023 ($Billion)
Figure 58. SAP SE: Revenue Share, by Segment, 2023 (%)
Figure 59. SAP SE: Revenue Share, by Region, 2023 (%)
Figure 60. Microsoft Corporation: Net Sales, 2021-2023 ($Billion)
Figure 61. Microsoft Corporation: Revenue Share, by Segment, 2023 (%)
Figure 62. Microsoft Corporation: Revenue Share, by Region, 2023 (%)
Figure 63. Amazon Web Service: Net Sales, 2021-2023 ($Billion)
Figure 64. Amazon Web Service: Revenue Share, by Segment, 2023 (%)
Figure 65. Amazon Web Service: Revenue Share, by Region, 2023 (%)
Figure 66. Oracle Corporation: Net Sales, 2021-2023 ($Billion)
Figure 67. Oracle Corporation: Revenue Share, by Segment, 2023 (%)
Figure 68. Oracle Corporation: Revenue Share, by Region, 2023 (%)
Figure 69. Intel Corporation: Net Sales, 2021-2023 ($Billion)
Figure 70. Intel Corporation: Revenue Share, by Segment, 2023 (%)
Figure 71. Intel Corporation: Revenue Share, by Region, 2023 (%)
Figure 72. Bosch Software Innovation GmbH: Net Sales, 2021-2023 ($Billion)
Figure 73. Bosch Software Innovation GmbH: Revenue Share, by Segment, 2023 (%)
Figure 74. Bosch Software Innovation GmbH: Revenue Share, by Region, 2023 (%)

Executive Summary

According to a recent report titled, “IoT Market Analysis by Component, Deployment Mode, Organization Size, Platform, Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030,”

The global IoT market size was valued at $740.47 billion in 2020, and is projected to reach $4,421.62 billion by 2030, growing at a CAGR of 19.67% from 2021 to 2030.

Advancements in industrial-grade digital technology, increase in inclination toward cloud-based IoT software, and rise in need for improved supply chain & customer relation management majorly contribute toward growth of the global IoT market. IoT helps people live and work smarter, as well as gain complete control over their lives in addition to offering smart devices to automate homes, which is becoming primary need of customers. Furthermore, IoT provides businesses with a real-time look into how their systems really work, delivering insights into everything from the performance of machines to supply chain and logistics operations. Moreover, IoT enables companies to automate processes and reduce labor costs. It further cuts down on waste and improves service delivery, making it less expensive to manufacture and deliver goods, as well as offering transparency into customer transactions, which will creative lucrative opportunities for the global market growth.

On the basis of component, the solution segment dominated the overall IoT industry in 2020, and is expected to continue this IoT market trends during the forecast period. This is attributed to increase in adoption of IoT solution among business to gain strategic as well as competitive advantage and strong customer retention over their competitors. In addition, these solutions save both time as well as money, leverage existing data investments, and improve image analysis capabilities, with just a single solution. Which provides lucrative opportunities for the market growth. However, the service segment is expected to witness highest IoT market growth, as service segment of IoT industry ensures effective coordination between software provider companies and users of IoT solution by providing services such as implementation, training, consulting services, and managed services. The adoption of these software speeds up the customer satisfaction of various industrial verticals such as energy & utilities, IT & telecommunication, and healthcare, which maximizes the value of existing customer by optimizing their needs and minimizes the cost of operation. This further fuel the adoption of services that are needed to handle the software properly.

Depending on deployment mode, the on-premise segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this on-premise deployment such as high level of data security and safety. However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of IoT software in small and medium scale organizations.

As per IoT market forecast post COVID-19, the global IoT market size is estimated to grow from $878.49 billion in 2021, and reach $4,421.62 billion by 2030, at a CAGR of 19.67%.

COVID-19, as a macroeconomic shock, has impacted not only individual behaviors but also enforced governments and organizations to change their policies and priorities. This is fueling the adoption of IoT and other technologies in many areas, especially in healthcare and smart cities. On the other hand, financial stress brought by the global recession has adversely impacted the technological adoption in short term in some sectors such as transportation. However, in the mid- to long-term when financial stress is eased, this pandemic is expected to accelerate IoT adoption in a broader range of sectors. The changes in consumer behavior, government policies, and organization priorities open a range of opportunities to adopt IoT for innovative solutions to prepare for the new normal Many of the changes in this new normal such as remote work and telehealth are expected to stay even after people get over the pandemic

Key Findings Of The Study

By component, the solution segment dominated the Internet of Things Industry in 2020 However, the service segment is expected to exhibit significant growth during the forecast period
On the basis of Deployment Mode, the on premise segment accounted for the highest revenue of market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period
Depending on organizational size, the large scale segment generated the highest revenue in 2020 However, the SMEs segment is expected to witness the highest growth rate in the near future
By platform, the network management segment dominated the Internet of Things Industry in 2020 However, the application management segment is expected to exhibit significant growth during the forecast period
By technology, the network communications segment dominated the IoT market in 2020 However, the near field communications segment is expected to exhibit significant growth during the forecast period
Depending on industry vertical, the manufacturing segment generated the highest revenue in 2020 However, the healthcare segment is expected to witness the highest growth rate in the near future
Region wise, the IoT industry was dominated by North America However, Asia-Pacific is expected to witness significant growth in the coming years
This report gives an in-depth profile of some key market players in the IoT industry are Intel Corporation, Sap Se, Cisco Systems Inc, Microsoft Corporation, Oracle Corporation, IBM Corporation, Google LLC, Hewlett-Packard Enterprise, Amazon Web Services Inc., and Bosch Software Innovation GmbH This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets

Companies Mentioned

Google LLC
Hewlett Packard Enterprise
Cisco Systems, Inc.
International Business Machine Corporation (IBM)
SAP SE
Microsoft Corporation
Amazon Web Service
Oracle Corporation
Intel Corporation
Bosch Software Innovation GMBH

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

LOADING...

Table Information

Report Attribute	Details
No. of Pages	350
Published	August 2024
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 956 billion
Forecasted Market Value ( USD ) by 2032	$ 5330 billion
Compound Annual Growth Rate	21.3%
Regions Covered	Global
No. of Companies Mentioned	10

License	Format	Properties	Price
SINGLE USER LICENSE Online Access		This is a single user license, allowing one user access to the product.	€2570EUR$2,601USD£2,122GBP
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4283EUR$4,335USD£3,537GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€7174EUR$7,261USD£5,924GBP