Market Overview:
The global internet of things technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart devices and the growing trend of IoT-enabled applications. The global internet of things technology market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into node components, network infrastructure, software solutions, and platforms. The node component segment is expected to hold a major share in this market owing to its widespread use in various IoT applications. By application, the industrial sector is expected to account for a major share in this market due to rising demand for connected devices across industries such as automotive and manufacturing.
Product Definition:
Internet of Things technology is the use of networked devices to connect and interact with the physical world. This technology can be used for a variety of purposes, including monitoring and controlling industrial processes, managing transportation systems, and tracking inventory. The importance of Internet of Things technology lies in its ability to improve efficiency and reduce costs by automating tasks that would otherwise require human input.
Node Component:
The global node component, it's usage and growth factor in internet of things technology market is expected to witness significant growth over the forecast period. The key drivers attributing to the rapid increase in demand for this technology include low power consumption, easy setup process and connectivity among devices as a result of which there is an increasing adoption rate for this technology across various industry verticals.
Network Infrastructure:
Network infrastructure is the hardware and software that supports the communication process in a network. It helps to transfer information from one point to another with no loss of data along the way. The Internet of Things (IoT) technology uses network infrastructure for communications, which is further used by smart devices, sensors, actuators and other electronic devices for applications such as monitoring traffic conditions on roads or temperature readings at a building site.
Application Insights:
The industry application segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The industrial internet of things technology enables real-time communication between machines and humans, which empowers efficient production processes. It also helps manufacturers in reducing wastage by monitoring equipment performance continuously. The growing adoption of smart manufacturing technologies across various industries such as automotive, energy, healthcare, food and beverages among others is expected to drive growth over the forecast period.
The household appliances segment is projected to witness significant growth during the forecast period owing to increasing penetration of connected home devices including smart meters, security systems with cameras and sensors that monitor environmental conditions such as temperature or humidity among others Things like thermostats that use this technology are considered more intelligent because they can be controlled through a smartphone app or via a web interface on a remote server (the latter being particularly useful for people who travel frequently).
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of prominent players such as Cisco Systems, Inc., Google LLC, and Samsung Electronics Co., Ltd. The increasing number of smart city projects across U.S. is also anticipated to drive regional growth over the next eight years.
Asia Pacific region accounted for more than 35% share in 2016 and is estimated to be valued at USD X million by 2030 owing to increasing adoption of IoT technology coupled with rising demand for connected devices from various application areas such as automotive, industrial automation, building automation etc.; especially in China and India are some of the major factors driving regional growth over the forecast period. Moreover high-speed internet services have become affordable & widely available across rural areas resulting into increased penetration rates; which has further boosted adoption rates among users; thereby creating huge potential opportunities for industry players looking forward investing opportunities across APAC region.
Growth Factors:
- Increasing demand for smart devices and gadgets
- Proliferation of low-cost sensors and microcontrollers
- Advances in wireless communication technologies
- Growing popularity of cloud-based services and big data analytics
- Emergence of new applications and use cases for IoT technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things Technology Market Research Report
By Type
Node Component, Network Infrastructure, Software Solution, Platform
By Application
Industry, Household Appliances, Retail, Oil And Gas, Agricultural
By Companies
INTEL, QUALCOMM, TEXAS INSTRUMENTS, INTERNATIONAL BUSINESS MACHINES (IBM), STMICROELECTRONICS, GENERAL ELECTRIC (GE), HEWLETT PACKARD ENTERPRISE (HPE), CISCO SYSTEMS, MICROSOFT, AMAZON WEB SERVICES (AWS), SYMANTEC, PTC, ALPHABET
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things Technology Market Report Segments:
The global Internet of Things Technology market is segmented on the basis of:
Types
Node Component, Network Infrastructure, Software Solution, Platform
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industry, Household Appliances, Retail, Oil And Gas, Agricultural
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- INTEL
- QUALCOMM
- TEXAS INSTRUMENTS
- INTERNATIONAL BUSINESS MACHINES (IBM)
- STMICROELECTRONICS
- GENERAL ELECTRIC (GE)
- HEWLETT PACKARD ENTERPRISE (HPE)
- CISCO SYSTEMS
- MICROSOFT
- AMAZON WEB SERVICES (AWS)
- SYMANTEC
- PTC
- ALPHABET
Highlights of The Internet of Things Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Node Component
- Network Infrastructure
- Software Solution
- Platform
- By Application:
- Industry
- Household Appliances
- Retail
- Oil And Gas
- Agricultural
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Internet of Things technology is a term used to describe the growing trend of connecting devices and machines through the internet. This allows these devices to share data and communicate with each other, allowing for more efficient operations.
Some of the major players in the internet of things technology market are INTEL, QUALCOMM, TEXAS INSTRUMENTS, INTERNATIONAL BUSINESS MACHINES (IBM), STMICROELECTRONICS, GENERAL ELECTRIC (GE), HEWLETT PACKARD ENTERPRISE (HPE), CISCO SYSTEMS, MICROSOFT, AMAZON WEB SERVICES (AWS), SYMANTEC, PTC, ALPHABET.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things Technology Market Size & Forecast, 2020-2028
4.5.1 Internet of Things Technology Market Size and Y-o-Y Growth
4.5.2 Internet of Things Technology Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Node Component
5.2.2 Network Infrastructure
5.2.3 Software Solution
5.2.4 Platform
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Household Appliances
6.2.3 Retail
6.2.4 Oil And Gas
6.2.5 Agricultural
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Node Component
9.6.2 Network Infrastructure
9.6.3 Software Solution
9.6.4 Platform
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Household Appliances
9.10.3 Retail
9.10.4 Oil And Gas
9.10.5 Agricultural
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Node Component
10.6.2 Network Infrastructure
10.6.3 Software Solution
10.6.4 Platform
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Household Appliances
10.10.3 Retail
10.10.4 Oil And Gas
10.10.5 Agricultural
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Node Component
11.6.2 Network Infrastructure
11.6.3 Software Solution
11.6.4 Platform
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Household Appliances
11.10.3 Retail
11.10.4 Oil And Gas
11.10.5 Agricultural
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Node Component
12.6.2 Network Infrastructure
12.6.3 Software Solution
12.6.4 Platform
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Household Appliances
12.10.3 Retail
12.10.4 Oil And Gas
12.10.5 Agricultural
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Node Component
13.6.2 Network Infrastructure
13.6.3 Software Solution
13.6.4 Platform
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Household Appliances
13.10.3 Retail
13.10.4 Oil And Gas
13.10.5 Agricultural
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things Technology Market: Competitive Dashboard
14.2 Global Internet of Things Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 INTEL
14.3.2 QUALCOMM
14.3.3 TEXAS INSTRUMENTS
14.3.4 INTERNATIONAL BUSINESS MACHINES (IBM)
14.3.5 STMICROELECTRONICS
14.3.6 GENERAL ELECTRIC (GE)
14.3.7 HEWLETT PACKARD ENTERPRISE (HPE)
14.3.8 CISCO SYSTEMS
14.3.9 MICROSOFT
14.3.10 AMAZON WEB SERVICES (AWS)
14.3.11 SYMANTEC
14.3.12 PTC
14.3.13 ALPHABET
