The global Internet of Things (IoT) market size is expected to reach $1,553.5 Billion by 2028 growing at the CAGR of 26.31% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as
- Development of Wireless Networking Technologies
- Increase in Cloud Platform Adoption
- Driver 3
Further several factors restraining the market growth include
- Data Security and Privacy Concerns
- Restrain 2
Collaborations and Alliances in the Internet of Things (IoT) market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Internet of Things (IoT) market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the Internet of Things (IoT) market report also includes the following data points:
- Impact on Internet of Things (IoT) market size
- Services Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Internet of Things (IoT) market
Key Insight in the report:
The global Internet of Things (IoT) market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Internet of Things (IoT) market is analyzed across the below-mentioned different segments:
- Platform
- Device management
- Application management
- Network management
- Others
- Software Solution
- Real-time Streaming Analytics
- Security solution
- Data management
- Remote monitoring system
- Network bandwidth management
- Others
- Application
- Building and home automation
- Smart energy and utilities
- Smart manufacturing
- Connected logistics
- Smart retail
- Smart mobility and transportation
- Others
- Service
- Professional service
- Deployment and integration
- Support and maintenance
- Consulting service
- Managed service
- Others
Internet of Things (IoT) market is also analyzed across the below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in the Internet of Things (IoT) market include:
- Intel Corporation
- Cisco
- Microsoft Corporation
- IBM
- Oracle
- Hewlett Packard Enterprise
- Bosch Software Innovations
- Telit
- SAP
REPORT CONTENT BRIEF:
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Internet of Things (IoT) market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding took an investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding the industry dynamics of the Internet of Things (IoT) market
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