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Global IoT Solutions and Services Market: Trends and Forecast (2022-2027)

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    Report

  • 174 Pages
  • November 2022
  • Region: Global
  • BCC Research
  • ID: 5684886
Description Jump to:

The report provides an overview of the global IoT solutions and services market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for 2022 through 2027. Revenue forecasts for this period are segmented based on offering, deployment, organization size, industries and regions. The report also focuses on the major driving trends and challenges that affect the market. The report concludes with detailed profiles of the major global IoT solutions and services market players. The study of IoT solutions and services includes the industrial aspect of the market and does not include consumer IoT.

Report Includes

  • 52 data tables and 36 additional tables
  • A brief general outlook of the global market for Internet of Things (IoT) based solutions and services
  • Analyses of the global market trends, with historic market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the growth potential for global IoT solutions and services market, and areas of focus to forecast this market into various segments and sub-segments
  • Estimation of the actual market size for IoT solutions and services, revenue forecast, and corresponding market share analysis by component, deployment, organization size, application, and geographic region
  • In-depth information (facts and figures) concerning market opportunities, drivers and challenges, technology advancements, industry value chain, and COVID-19 impact on the marketplace
  • Insight into recent industry structure, competitive aspects of each product segment, major growth strategies, and company value share analysis based on their segmental revenues
  • Updated information on key mergers and acquisition deals, agreements, collaborations and product launches within the global IoT solutions and services market
  • Review of key patent grants and intellectual property aspects of the IoT solutions and services market
  • Company profiles of major players within the industry, including Amazon.com Inc., Bosch GmbH, General Electric, Huawei Technologies Co. Ltd., Intel Corp. and Microsoft Corp.

Table of Contents

Chapter 1 Introduction
1.1 Overview
1.2 Study Goals and Objectives
1.3 Reasons for Doing this Study
1.4 Scope of Report
1.5 Information Sources
1.6 Methodology
1.7 Intended Audience
1.8 Geographic Breakdown
1.9 Analyst’s Credentials
1.10 Custom Research
1.11 Related Research Reports

Chapter 2 Summary and Highlights
Chapter 3 Market Overview and Technology Background
3.1 Overview
3.2 Evolution of IoT Solutions and Services
3.3 Value Chain Analysis
3.4 Porter's Five Forces Analysis
3.4.1 Supplier Bargaining Power
3.4.2 Buyer Bargaining Power
3.4.3 Threat of New Entrants
3.4.4 Competitive Rivalry
3.4.5 Threat of Substitutes
3.5 Impact of Covid-19 on the Market
3.5.1 Positive Impact
3.6 Impact of Russia-Ukraine War on the Market
3.6.1 Negative Impact
3.6.2 Positive Impact

Chapter 4 Market Dynamics
4.1 Market Dynamics
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges

Chapter 5 Market Breakdown by Offering
5.1 Overview
5.2 IoT Solutions
5.2.1 Device Management
5.2.2 Data Management
5.2.3 Application Management
5.2.4 Network Management
5.2.5 Smart Surveillance
5.3 IoT Services
5.3.1 Professional Services
5.3.2 Managed Services

Chapter 6 Market Breakdown by Deployment
6.1 Overview
6.2 Cloud
6.3 On-Premise

Chapter 7 Market Breakdown by Organization Size
7.1 Overview
7.2 Large Enterprises
7.3 Small and Medium Size Enterprises
7.3.1 Process Optimization
7.3.2 Predictive Maintenance
7.3.3 Customer Management
7.3.4 Real-Time Monitoring

Chapter 8 Market Breakdown by Industry
8.1 Overview
8.2 Manufacturing
8.2.1 Connected Products
8.2.2 Connected Production
8.2.3 Supply Chain
8.2.4 Predictive Maintenance
8.3 Automotive and Transportation
8.3.1 Fleet Management and Telematics
8.3.2 Connected Cars
8.3.3 Automotive Maintenance System
8.4 Energy and Utilities
8.5 Healthcare
8.5.1 Remote Health Monitoring
8.5.2 Smart Hospital
8.5.3 Medical Asset Tracking
8.5.4 Healthcare Staff Management
8.6 Retail
8.6.1 Facility Management and Consumer Behavior Analysis
8.6.2 Supply Chain
8.6.3 Smart Shelves
8.6.4 Smart Digital Signage
8.6.5 Smart Vending Machines
8.7 Oil and Gas
8.7.1 Real-Time Equipment Monitoring
8.7.2 Worker Safety
8.7.3 Predictive Maintenance
8.8 Agriculture
8.8.1 Precision Farming
8.8.2 Livestock Monitoring
8.8.3 Guidance and Navigation
8.9 Building Infrastructure
8.9.1 Security and Surveillance
8.9.2 Facilities Management
8.9.3 Home Automation
8.10 Others

Chapter 9 Market Breakdown by Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 U.K.
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East and Africa

Chapter 10 Competitive Landscape
10.1 Top Companies
10.2 Strategic Analysis
10.2.1 Product Innovations
10.2.2 Partnerships and Acquisitions

Chapter 11 Company Profiles
  • Aeris
  • Amazon Web Services Inc. (Amazon.Com Inc.)
  • Andersen Inc.
  • Arm Ltd.
  • Bosch.Io GmbH (Bosch Gmbh)
  • Cisco Systems Inc.
  • Clearblade
  • Ge Digital (General Electric)
  • Huawei Technologies Co. Ltd.
  • Ibm
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Oxagile
  • Ptc Inc.
  • Software AG
  • Sumatosoft
Chapter 12 Appendix: List of Acronyms
List of Tables
Summary Table: Global Market for IoT Solutions and Services, by Industry, Through 2027
Table 1: IoT Solutions and Services Evolution Timeline: Overview
Table 2: Porter's Five Forces Analysis: Overview
Table 3: Global Market for IoT Solutions and Services, by Offering, Through 2027
Table 4: Global Market for Solutions in IoT Solutions and IoT Services, by Region, Through 2027
Table 5: List of Professional IoT Services
Table 6: Global Market for Services in IoT Solutions and Services, by Region, Through 2027
Table 7: Global Market for IoT Solutions and Services, by Deployment, Through 2027
Table 8: Global Market for Cloud Deployment of IoT Solutions and Services, by Region, Through 2027
Table 9: Global Market for On-premise Deployment of IoT Solutions and Services, by Region, Through 2027
Table 10: Global Market for IoT Solutions and Services, by Organization Size, Through 2027
Table 11: Global Market for IoT Solutions and Services in Large Enterprises, by Region, Through 2027
Table 12: Global Market for IoT Solutions and Services in Small and Medium Size Enterprises, by Region, Through 2027
Table 13: Global Market for IoT Solutions and Services, by Industry, Through 2027
Table 14: Global Market for IoT Solutions and Services in the Manufacturing Industry, by Region, Through 2027
Table 15: Global Market for IoT Solutions and Services in the Automotive and Transportation Industry, by Region, Through 2027
Table 16: Global Market for IoT Solutions and Services in the Energy and Utilities Industry, by Region, Through 2027
Table 17: Global Market for IoT Solutions and Services in the Healthcare Industry, by Region, Through 2027
Table 18: Global Market for IoT Solutions and Services in the Retail Industry, by Region, Through 2027
Table 19: Global Market for IoT Solutions and Services in the Oil and Gas Industry, by Region, Through 2027
Table 20: Global Market for IoT Solutions and Services in the Agriculture Industry, by Region, Through 2027
Table 21: Global Market for IoT Solutions and Services in the Building Industry, by Region, Through 2027
Table 22: Global Market for IoT Solutions and Services in the Other Industries, by Region, Through 2027
Table 23: Global Market for IoT Solutions and Services, by Region, Through 2027
Table 24: North American Market for IoT Solutions and Services, by Country, Through 2027
Table 25: North American Market for IoT Solutions and Services, by Offering, Through 2027
Table 26: North American Market for IoT Solutions and Services, by Deployment, Through 2027
Table 27: North American Market for IoT Solutions and Services, by Organization Size, Through 2027
Table 28: North American Market for IoT Solutions and Services, by Industry, Through 2027
Table 29: European Market for IoT Solutions and Services, by Country, Through 2027
Table 30: European Market for IoT Solutions and Services, by Offering, Through 2027
Table 31: European Market for IoT Solutions and Services, by Deployment, Through 2027
Table 32: European Market for IoT Solutions and Services, by Organization Size, Through 2027
Table 33: European Market for IoT Solutions and Services, by Industry, Through 2027
Table 34: APAC Market for IoT Solutions and Services, by Country, Through 2027
Table 35: APAC Market for IoT Solutions and Services, by Offering, Through 2027
Table 36: APAC Market for IoT Solutions and Services, by Deployment, Through 2027
Table 37: APAC Market for IoT Solutions and Services, by Organization Size, Through 2027
Table 38: APAC Market for IoT Solutions and Services, by Industry, Through 2027
Table 39: Rest of the World Market for IoT Solutions and Services, by Region, Through 2027
Table 40: Rest of the World Market for IoT Solutions and Services, by Offering, Through 2027
Table 41: Rest of the World Market for IoT Solutions and Services, by Deployment, Through 2027
Table 42: Rest of the World Market for IoT Solutions and Services, by Organization Size, Through 2027
Table 43: Rest of the World Market for IoT Solutions and Services, by Industry, Through 2027
Table 44: Product Innovations in the Global Market for IoT Solutions and Services, March 2021 to September 2022
Table 45: Partnerships and Acquisitions in the Global Market for IoT Solutions and Services, January 2021 to August 2022
Table 46: Collaborations, Agreements, Alliances and Expansions in the Global Market for IoT Solutions and Services, February 2021 to September 2022
Table 47: Aeris: IoT Solutions and Services Offerings
Table 48: Aeris: Recent Developments, 2022
Table 49: Amazon.com Inc.: Recent Financial Performance, 2019-2021
Table 50: Amazon Web Services Inc.: IoT Solutions and Services Offerings
Table 51: Amazon Web Services Inc.: Recent Developments, 2021 and 2022
Table 52: Andersen Inc.: IoT Solutions and Services Offerings
Table 53: Arm Ltd.: IoT Solutions and Services Offerings
Table 54: Arm Ltd.: Recent Developments, 2021 and 2022
Table 55: Bosch GmbH: Recent Financial Performance, FY 2019-FY 2021
Table 56: Bosch.IO GmbH: IoT Solutions and Services Offerings
Table 57: Bosch.IO GmbH: Recent Developments, 2021 and 2022
Table 58: Cisco Systems Inc.: Recent Financial Performance, FY 2019-FY 2021
Table 59: Cisco Systems Inc.: IoT Solutions and Services Offerings
Table 60: Cisco Systems Inc.: Recent Developments, 2021 and 2022
Table 61: ClearBlade: IoT Solutions and Services Offerings
Table 62: ClearBlade: Recent Developments, 2021 and 2022
Table 63: General Electric: Recent Financial Performance, FY 2019-FY 2021
Table 64: GE Digital: IoT Solutions and Services Offerings
Table 65: GE Digital: Recent Developments, 2021 and 2022
Table 66: Huawei Technologies Co. Ltd.: Recent Financial Performance, FY 2019-FY 2021
Table 67: Huawei Technologies Co. Ltd.: IoT Solutions and Services Offerings
Table 68: Huawei Technologies Co. Ltd.: Recent Developments, 2021 and 2022
Table 69: IBM: Recent Financial Performance, FY 2019-FY 2021
Table 70: IBM: IoT Solutions and Services Offerings
Table 71: IBM: Recent Developments, 2021 and 2022
Table 72: Intel Corp.: Recent Financial Performance, FY 2019-FY 2021
Table 73: Intel Corp.: IoT Solutions and Services Offerings
Table 74: Intel Corp.: Recent Developments, 2021
Table 75: Microsoft Corp.: Recent Financial Performance, FY 2020-FY 2022
Table 76: Microsoft Corp.: IoT Solutions and Services Offerings
Table 77: Microsoft Corp.: Recent Developments, 2021 and 2022
Table 78: Oracle Corp.: Recent Financial Performance, 2020-2022
Table 79: Oracle Corp.: IoT Solutions and Services Offerings
Table 80: Oracle Corp.: Recent Developments, 2021 and 2022
Table 81: PTC Inc.: Recent Financial Performance, 2019-2021
Table 82: PTC Inc.: IoT Solutions and Services Offerings
Table 83: PTC Inc.: Recent Developments, 2021
Table 84: Software AG: Recent Financial Performance, FY 2019-FY 2021
Table 85: Software AG: IoT Solutions and Service Offerings
Table 86: Software AG: Recent Developments, 2021 and 2022
Table 87: List of Acronyms

List of Figures
Summary Figure: Global Market for IoT Solutions and Services, 2021-2027
Figure 1: IoT Process
Figure 2: IoT Solutions and Services: Value Chain
Figure 3: Porter's Five Forces Analysis
Figure 4: Market for IoT Solutions and Services: Supplier Bargaining Power
Figure 5: Market for IoT Solutions and Services: Buyer Bargaining Power
Figure 6: Market for IoT Solutions and Services: Threat of New Entrants
Figure 7: Market for IoT Solutions and Services: Competitive Rivalry
Figure 8: Average Cost of IoT Sensors, 2004-2020
Figure 9: Wireless Connectivity Adoption in IoT Applications
Figure 10: Number of Identified Customers in Major Industries Deploying Private Mobile Networks in Trials and Commercially, Global, as of 2021
Figure 11: Global Market Shares of IoT Solutions and Services, by Offering, 2021
Figure 12: IoT Solutions Benefit
Figure 13: Device Management Process
Figure 14: IoT Data Management and Lifecycle
Figure 15: Global Market Shares of Solutions in IoT Solutions and IoT Services, by Region, 2021
Figure 16: AWS Professional Services
Figure 17: Global Market Shares of Services in IoT Solutions and Services, by Region, 2021
Figure 18: Global Market Shares of IoT Solutions and Services, by Deployment, 2021
Figure 19: Global Market Shares of Cloud Deployment of IoT Solutions and Services, by Region, 2021
Figure 20: Global Market Shares of On-premise Deployment of IoT Solutions and Services, by Region, 2021
Figure 21: Global Market Shares of IoT Solutions and Services, by Organization Size, 2021
Figure 22: Global Market Shares of IoT Solutions and Services in Large Enterprises, by Region, 2021
Figure 23: Global Market Shares of IoT Solutions and Services in Small and Medium Size Enterprises, by Region, 2021
Figure 24: Global Market Shares of IoT Solutions and Services, by Industry, 2021
Figure 25: Global Market Shares of IoT Solutions and Services in the Manufacturing Industry, by Region, 2021
Figure 26: Global Market Shares of IoT Solutions and Services in the Automotive and Transportation Industry, by Region, 2021
Figure 27: Global Market Shares of IoT Solutions and Services in the Energy and Utilities Industry, by Region, 2021
Figure 28: IoT Applications in Healthcare
Figure 29: IoT Architecture in Medical Asset Monitoring
Figure 30: Global Market Shares of IoT Solutions and Services in the Healthcare Industry, by Region, 2021
Figure 31: Global Market Shares of IoT Solutions and Services in the Retail Industry, by Region, 2021
Figure 32: Global Market Shares of IoT Solutions and Services in the Oil and Gas Industry, by Region, 2021
Figure 33: Global Market Shares of IoT Solutions and Services in the Agriculture Industry, by Region, 2021
Figure 34: Global Market Shares of IoT Solutions and Services in the Building Industry, by Region, 2021
Figure 35: Global Market Shares of IoT Solutions and Services in the Other Industries, by Region, 2021
Figure 36: Global Market Shares of IoT Solutions and Services, by Region, 2021
Figure 37: North American Market Shares of IoT Solutions and Services, by Country, 2021
Figure 38: North American Market Shares of IoT Solutions and Services, by Offering, 2021
Figure 39: North American Market Shares of IoT Solutions and Services, by Deployment, 2021
Figure 40: North American Market Shares of IoT Solutions and Services, by Organization Size, 2021
Figure 41: North American Market Shares of IoT Solutions and Services, by Industry, 2021
Figure 42: U.S. Market for IoT Solutions and Services, 2021-2027
Figure 43: Canadian Market for IoT Solutions and Services, 2021-2027
Figure 44: European Market Shares of IoT Solutions and Services, by Country, 2021
Figure 45: European Market Shares of IoT Solutions and Services, by Offering, 2021
Figure 46: European Market Shares of IoT Solutions and Services, by Deployment, 2021
Figure 47: European Market Shares of IoT Solutions and Services, by Organization Size, 2021
Figure 48: European Market Shares of IoT Solutions and Services, by Industry, 2021
Figure 49: U.K. Market for IoT Solutions and Services, 2021-2027
Figure 50: German Market for IoT Solutions and Services, 2021-2027
Figure 51: French Market for IoT Solutions and Services, 2021-2027
Figure 52: Italian Market for IoT Solutions and Services, 2021-2027
Figure 53: Rest of Europe Market for IoT Solutions and Services, 2021-2027
Figure 54: APAC Market Shares of IoT Solutions and Services, by Country, 2021
Figure 55: APAC Market Shares of IoT Solutions and Services, by Offering, 2021
Figure 56: APAC Market Shares of IoT Solutions and Services, by Deployment, 2021
Figure 57: APAC Market Shares of IoT Solutions and Services, by Organization Size, 2021
Figure 58: APAC Market Shares of IoT Solutions and Services, by Industry, 2021
Figure 59: Chinese Market for IoT Solutions and Services, 2021-2027
Figure 60: Japanese Market for IoT Solutions and Services, 2021-2027
Figure 61: Indian Market for IoT Solutions and Services, 2021-2027
Figure 62: South Korean Market for IoT Solutions and Services, 2021-2027
Figure 63: Rest of APAC Market for IoT Solutions and Services, 2021-2027
Figure 64: Rest of the World Market Shares of IoT Solutions and Services, by Region, 2021
Figure 65: Rest of the World Market Shares of IoT Solutions and Services, by Offering, 2021
Figure 66: Rest of the World Market Shares of IoT Solutions and Services, by Deployment, 2021
Figure 67: Rest of the World Market Shares of IoT Solutions and Services, by Organization Size, 2021
Figure 68: Rest of the World Market Shares of IoT Solutions and Services, by Industry, 2021
Figure 69: Amazon.com Inc.: Revenue Share, by Segment, 2021
Figure 70: Amazon.com Inc.: Revenue Share, by Region, 2021
Figure 71: Bosch GmbH: Revenue Share, by Segment, FY 2021
Figure 72: Bosch GmbH: Revenue Share, by Region, FY 2021
Figure 73: Cisco Systems Inc.: Revenue Share, by Segment, FY 2021
Figure 74: Cisco Systems Inc.: Revenue Share, by Region, FY 2021
Figure 75: General Electric: Revenue Share, by Product Segment, 2021
Figure 76: General Electric: Revenue Share, by Region, 2021
Figure 77: Huawei Technologies Co. Ltd.: Revenue Share, by Segment, FY 2021
Figure 78: Huawei Technologies Co. Ltd.: Revenue Share, by Region, FY 2021
Figure 79: IBM: Revenue Share, by Segment, FY 2021
Figure 80: IBM: Revenue Share, by Region, FY 2021
Figure 81: Intel Corp.: Revenue Share, by Segment, 2021
Figure 82: Intel Corp.: Revenue Share, by Region, 2021
Figure 83: Microsoft Corp.: Revenue Share, by Segment, FY 2022
Figure 84: Microsoft Corp.: Revenue Share, by Region, FY 2022
Figure 85: Oracle Corp.: Revenue Share, by Business Segment, 2022
Figure 86: Oracle Corp.: Revenue Share, by Region, 2022
Figure 87: PTC Inc.: Revenue Share, by Segment, 2021
Figure 88: PTC Inc.: Revenue Share, by Region, 2021
Figure 89: Software AG: Revenue Share, by Segment, FY 2021
Figure 90: Software AG: Revenue Share, by Region, FY 2021

Executive Summary

IoT helps bring automation to industrial applications by facilitating in remote operation of machinery, preventive equipment maintenance, remote health monitoring, inventory management, environmental monitoring, video surveillance, connected transport, real-time notification and product quality management. IoT solutions and services help enterprises to automate and digitalize their business processes to enhance productivity, profitability and resource utilization.

The Internet of Things (IoT) refers to a computing device that connects the physical and virtual worlds. Such devices facilitate data transfer and communication without human intervention. IoT solutions combine computing devices, digital machines, and smart objects with inbuilt hardware, software, and other technologies to support the function of communication, data collection, transfer, and exchange between the smart devices. IoT services combine all the services, which is required in planning, designing, executing, installing, and operating the whole IoT solutions.

The adoption of IoT helps businesses gather valuable information to enhance and upgrade end-to-end operations and drive innovations.

IoT solutions and services help organizations reshape and adopt innovative business models and implement automation and digitalization. They offer companies flexibility and scalability. By allowing organizations to choose from pay-as-you-go options, mid-cycle plans and end-of-month plan change options, IoT solutions and services enable organizations to adapt to market needs. IoT also helps companies predict potential issues faster, resolve connectivity issues, optimize the supply chain and optimize real-time device metrics. IoT solutions include a software program that enables users to utilize the data collected via IoT devices. This works as solutions point, to gather the data from single or
multiple sensors to get insight into business operations and activities. IoT services offers assistance for implementation, adoption and secure technology IoT connection for data gathering and analysis. This assists in finding a business problem for IoT implementation, defining data collection location, hardware consulting, data center planning, data processing and mining planning.

The COVID-19 pandemic resulted in a spike in the growth of digital technologies, and IoT has since become more relevant as a mediator of day-to-day activities. IoT-based mobile applications helped track and trace the development and origin of the pandemic. Artificial intelligence (AI) technologies were adopted by life science and healthcare researchers developing vaccines. The COVID-19 pandemic increased the adoption of medical robots in temperature measurement, premise disinfection and medicine delivery activities. IoT-based remote monitoring devices helped healthcare providers monitor patients’ conditions, provide consultations and track vaccination status, along with assisting with other healthcare-related tasks. The connected diagnostics and imaging equipment combined with sensors and smart tags helped offer real-time monitoring and predictive maintenance. In the retail sector, IoT solutions and services helped offer contactless-in-store delivery, contactless payments, inventory management and, with the help of data insights, customized offerings to customers.

Companies Mentioned

  • Aeris
  • Amazon Web Services Inc. (Amazon.Com Inc.)
  • Andersen Inc.
  • Arm Ltd.
  • Bosch.Io GmbH (Bosch Gmbh)
  • Cisco Systems Inc.
  • Clearblade
  • Ge Digital (General Electric)
  • Huawei Technologies Co. Ltd.
  • Ibm
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Oxagile
  • Ptc Inc.
  • Software AG
  • Sumatosoft

Table Information

Report AttributeDetails
No. of Pages174
PublishedNovember 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 225.1 Billion
Forecasted Market Value ( USD ) by 2027 $ 480.6 Billion
Compound Annual Growth Rate16.4%
Regions CoveredGlobal
No. of Companies Mentioned17

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