Internet of Things Market Size Increases by US$695.38 Billion | The industrial sector offers a great growth opportunity | Technavio |

New York And the March 10, 2022 /PRNewswire/ – file Global Internet of Things Market Size It is expected to increase by 695.38 billion US dollars Between 2020 and 2025. The market witnessed an annual growth of 18.97% in 2021. However, the growth momentum is expected to slow at a compound annual growth rate of 13.77% during the forecast period.

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The market drives technological developments across industries. In addition, the exponential growth of Internet-connected and powered devices will drive the growth of the global Internet of Things market. However, factors such as lack of awareness of effectively managing IoT initiatives and investments, increasing cybersecurity threats, and high cost of IoT implementation will hinder market growth.

The Internet of Things Market: A Landscape for the End User

Based on the end users, the market is segmented by industrial, retail, healthcare, ICT, and others. The demand and adoption of IoT technologies is significant among industrial end users. Industrial operators are increasingly adopting IoT solutions to ensure a smooth transition of their manufacturing operations. These solutions also allow industrial operators to remotely control and maintain all equipment. These factors boost the growth of the industrial end user sector.

The Internet of Things Market: A Geographical View

As per geography, Asia Pacific will achieve profitable growth during the forecast period. About 34% of the overall market growth is expected to come from the Asia Pacific region. Modernizing Small and Medium Enterprises (SMEs) in countries like ChinaAnd the IndiaAnd the Filipinos It increases the adoption of Internet of Things technologies. Besides, many governments in Asia Pacific countries are undertaking various initiatives to develop smart cities and provide better public services. Several of these factors are driving the growth of the Internet of Things market in the Asia Pacific region. China It is the main market for the Internet of Things in the Asia Pacific region.

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Covered companies:

The global Internet of Things market is fragmented due to the presence of a large number of players. Sellers try to strengthen their position in the market by increasing their product offerings and partnering with other companies in addition to suppliers. Vendors also focus on expanding their business into new geographies and choose vertical integration with system integrators to help them increase their market reach. These are some of the identified dominant players in the market:

  • Alphabet Inc.
  • Cisco Systems, Inc
  • Honeywell International Corporation
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corporation.
  • Oracle Corporation
  • Robert Bosch GmbH
  • SAP SE
  • Siemens AG

What our reports offer:

  • Market share assessments for regional and country sectors
  • Strategic recommendations for newcomers
  • Covers market data for 2020, 2021 to 2025
  • Market trends (motives, opportunities, threats, challenges, investment opportunities, recommendations)
  • Strategic recommendations in key business sectors based on market estimates
  • Competitive Landscape Mapping Common Key Trends
  • Company profile with detailed strategies, financial statements and recent developments
  • Supply chain trends mapping the latest technological developments

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Related Reports:

Global Internet of Things (IoT) in Retail Applications Market 2022-2026: The global Internet of Things market is segmented into retail applications by technology (RFID, sensors, NFC, cloud services, etc.) and geography (APAC, North AmericaAnd the Europeand MEA and South America).

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Global Smart City Market 2021-2025: Global Smart Cities Market Segmented by Application (Smart Infrastructure, Smart Energy, Smart Mobility, Smart Security, etc.) and Geography (EuropeAnd the North Americaasia pacific, South Americaand MEA).

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Internet of Things Market Scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

slowing at a compound annual growth rate of 14%

Market Growth 2021-2025

695.38 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

18.97

Regional Analysis

Asia Pacific, North America, Europe, the Middle East, Africa and South America

Market share performance

Asia Pacific 34%

Main consuming countries

The United States, China, Germany, Norway, and France

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Alphabet Inc. and Cisco Systems Inc. and Honeywell International Inc. and Intel Corp. and International Business Machines Corp. and Microsoft Corp. and Oracle Corp. and Robert Bosch GmbH, SAP SE, Siemens AG

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID-19 and future consumer dynamics, market status analysis for the forecast period.

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

table of contents:

Executive Summary

market view

  • Market Ecosystem
  • value chain analysis

market scaling

  • Market definition
  • Market Segment Analysis
  • Market Size 2020
  • Market Outlook: Outlook for 2020-2025

Five Forces Analysis

  • Bargaining power of buyers
  • Supplier bargaining power
  • Threat of newcomers
  • The threat of alternatives
  • The threat of competition
  • market condition

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Industrial – Market Size and Forecast for 2020-2025
  • Retail – Market Size and Forecast for 2020-2025
  • Healthcare – Market Size and Forecast for 2020-2025
  • Information and Communication Technology – Market Size and Forecast in 2020-2025
  • Others – Market Size and Forecast for 2020-2025
  • Market opportunity by end user

customer scene

geographic landscape

  • geographical segmentation
  • geographical comparison
  • Asia Pacific Region – Market Size and Forecast for 2020-2025
  • North America – Market Size and Forecast for 2020-2025
  • Europe – Market Size and Forecast for 2020-2025
  • Middle East and Africa – Market Size and Forecast for 2020-2025
  • South America – Market Size and Forecast for 2020-2025
  • Leading countries
  • Market opportunity by geography
  • Market Drivers
  • Market Challenges
  • Market trends

landscape seller

  • Summary
  • landscape seller
  • landscape disturbance

Vendor Analysis

  • covered sellers
  • Market position for sellers
  • Alphabet Inc.
  • Cisco Systems, Inc
  • Honeywell International Corporation
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corporation.
  • Oracle Corporation
  • Robert Bosch GmbH
  • SAP SE
  • Siemens AG

Supplement

  • Report scope
  • Currency exchange rates for US dollars
  • Research Methodology
  • List of Abbreviations

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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