Dublin, April 05, 2022 (GLOBE NEWSWIRE) — The “Internet of Things Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029” report has been added to ResearchAndMarkets.com’s offering.
The purpose of this strategic research study is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global Internet of things market.
The report offers strategic insights into the global Internet of things market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, software, service, end-user vertical, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading Internet of things hardware and service providers, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Current and future market trends to justify the forthcoming attractive markets within the Internet of things market
Market fuelers, market impediments, and their impact on the market growth
In-depth competitive environment analysis
SRC (Segment-Region-Country) Analysis
IoT has become a mainstream technology in the IT industry, utilized to connect all the smart objects over an integrated network through internet. This enable end-users to control and monitor connected devices and process in real-time. Broadening application areas of IoT technology especially in healthcare, automotive and transportation sectors boosting the market growth across the globe. Additionally, rising deployment of digital solutions to transform existing business process to connected one demand for IoT hardware, solution and services is projected to increase over the forecast period. In contrast, threats associated with data privacy and security is impeding the uptake of connected devices to certain extent. This, in turn is hampering growth of the Internet of things market.
This report analyzes the global Internet of things marketin terms of type, software, service, end-user vertical, and geography. The global internet of things market has been segmented based on type into hardware, software and service. The software segment is further sub-segmented into data management software, security software, analytics software, communication software, and other software. Based on services, the market is bifurcated into consulting, implementation & integration, operation management, repair & maintenance and other services. On the basis of end-user vertical, the global internet of things market is segmented into consumer vertical and B2B vertical. The B2B vertical segment is further sub-segmented into public sector, retail, BFSI, healthcare, manufacturing, energy & utility, IT & telecom, and transportation sectors. The global internet of things market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.
On the basis of deployment model, the global Internet of things market is categorized into following sub-segments:
At present, on-premise segment dominates the global Internet of things market, holding over half of the market share. However, by the end of 2029, the cloud-based deployment model segment is projected to emerge as largest sub-segment driven by increasing inclination of enterprises towards cloud computing technology to reduce cost associated with IT infrastructure. This is further encouraging IoT solution providers to introduce industry-specific cloud-based IoT platforms and solutions.
On the basis of end-user vertical, the global Internet of things Market is categorized into following segments:
Energy & Utility
IT & Telecom
As of 2020, the global Internet of things market was dominated by B2B end-user segment. The B2B end-user segment accounted for over three-fourth of the global Internet of things market revenue in the same year. By B2B, the manufacturing end-user was the largest sub-segment in 2020, constituting more than 1/3rd of the overall B2B segment revenue. Emergence of industrial IoT is transforming the way manufacturers run production processes using various smart factory systems and solutions. The Internet of things market in healthcare sector is projected to expand at the highest CAGR over the forecast period. Growing deployment of clinical trial tracking system, remote patient monitoring system and telemedicine solutions is increasing the uptake of IoT technologies in the sector.
On the basis of service, the global Internet of things market is categorized into following sub-segments:
Among services, the implementation and integration was the largest sub-segment, constituting over 40% of the overall market in 2020. Demand for implementation & integration services is rising at a significant rate as end-users verticals are increasingly deploying smart machines, intelligent systems and smart sensors. Additionally, the operation management service sub-segment is anticipated to exhibit fastest growth in terms of revenue over the forecast period. This is growth is mainly driven by growing digitization of business process across large and mid-sized enterprises across major end-user verticals.
On the basis of software, the global Internet of things market is categorized into following sub-segments:
As of 2020, security software was the largest sub-segment among all types of software in the global Internet of things market, accounting for 1/3rd of the overall segment revenue. Additionally, the sub-segment is expected to remain dominant over the forecast period. Growing threat of cyber-attacks is encouraging major end-users especially BFSI and telecom sectors to deploy advanced security software. Further, communication software is projected to expand at the highest CAGR from 2021 to 2029 driven by ongoing advancements and innovations in networking technologies and rising adoption of LTE and small cell technology across the globe.
On the basis of geography, the global Internet of things market is segmented into following regions and countries.
Rest of Europe
Rest of Asia Pacific
Rest of the World
Middle East and Africa
In 2020, North America was the largest regional market with more than 30% market share, followed by Asia Pacific. In North America, U.S. is a major market for IoT hardware, solutions and service provides. Major end-user industries such as manufacturing and public sectors in the country are increasingly investing in IoT technologies and solutions to improve business productivity and citizen services. However, the market in Asia-Pacific is expected to grow at a fastest CAGR owing to introduction favorable government initiative supporting deployment of IoT technologies in manufacturing, energy & utility and public sectors. Additionally, Asia Pacific is projected to surpass North America in terms of revenue by 2029.
Key Topics Covered:
2. Executive Summary
3. Market Dynamics: Internet of Things
3.1.1. Global Internet of Things Market Revenue and Y-o-Y Growth,2019 – 2029
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.3. Impact Analysis of Market Drivers and Restraints
3.3. Ecosystem Analysis
3.4. Market Positioning of Key Players
4. Market Inclination Insights: Internet of Things
4.1.1. Evolution of Internet of Things
4.1.2. Market Ecosystem
4.1.3. Key Trends Analysis
5. Global Internet of Things Market Revenue, By Type,2019 – 2029(US$ Bn)
5.1. Hardware (Intelligent System, Smart Devices, etc.)
6. Global Internet of Things Market Revenue, By Software,2019 – 2029(US$ Bn)
6.1. Data Management Software
6.2. Security Software
6.3. Analytics Software
6.4. Communication Software
6.5. Other Software
7. Global Internet of Things Market Revenue, By Service,2019 – 2029(US$ Bn)
7.2. Implementation & Integration
7.3. Operation Management
7.4. Repair & Maintenance
7.5. Other Services
8. Global Internet of Things Market Revenue, By Deployment Model,2019 – 2029(US$ Bn)
9. Global Internet of Things Market Revenue, By End-User Vertical,2019 – 2029(US$ Bn)
9.1. Consumer Vertical
9.2. B2B Vertical
9.2.1. Public Sector
9.2.6. Energy & Utility
9.2.7. IT & Telecom
10. North America Internet of Things Market Analysis,2019 – 2029(US$ Bn)
11. Europe Internet of Things Market Analysis,2019 – 2029(US$ Bn)
12. Asia Pacific Internet of Things Market Analysis,2019 – 2029(US$ Bn)
13. Rest of the World Internet of Things Market Analysis,2019 – 2029(US$ Bn)
14. Competitive Landscape
14.1. Market Dashboard
14.2. Market Structure
14.3. Major Strategies Adopted by the Leading Market Players
15. Company Profiles
15.1. IBM Corporation
15.2. Cisco Systems, Inc.
15.3. Google Inc.
15.4. Hewlett-Packard Company
15.5. Microsoft Corporation
15.6. Accenture PLC
15.7. Oracle Corporation
15.8. SAP S.E.
15.9. General Electric (GE)
15.10. Telefonica S.A.
For more information about this report visit https://www.researchandmarkets.com/r/1f4u96
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