UK IoT Market 2021-2027: Industry Analysis, Trends, Growth, Opportunities, and Forecast

UK IoT market is expected to witness a significant growth with the CAGR of approximately 21.8% during the forecast period. The digitalization of banking, Insurance and business services in the country are the key driver for the growth of the economy. The GDP of UK was $2.65 trillion with a growth rate of 1.8% in the year 2016. The country has well developed ICT infrastructure. UK holds 80.284 million subscriptions of mobile connection which is about 125 subscriptions on per 100 inhabitants. Moreover, as per CIA estimate about 58.96 million people which accounts for 92% of their population was recorded the number of internet users in 2015. This high internet penetration rate has been acting as the major motivator of cloud services market in the region that in turn drives the IoT market.

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UK IoT market is segmented on the basis of infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public & services, transportation, retail, individuals, and others (manufacturing). Healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public & Services includes government, BFSI, others (hospitality and entertainment).transportation segment include aerospace, automotive, rails and systems, and marine. Further, based on the infrastructure, the market is segmented into smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).

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Some of the major players operating in the UK IoT market include ARM Holdings plc, Eseye Ltd., 3rings Care Ltd., and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in UK market.

Market Segmentation
UK IoT Market by Infrastructure
• Platform
• Mobile Networks And Access Technologies
• Cloud Solutions/Storage And Processing
• Analytics
• Security

UK IoT Market by Vertical
• Healthcare
o Health
o Pharmaceuticals Segment
o Biotechnology
• Energy
• Public & Services
o Government
o BFSI
o Others (Hospitality And Entertainment)
• Transportation
o Aerospace
o Automotive
o Rails And Systems
o Marine
• Retail
• Individuals
• Others (Manufacturing)

UK IoT Market By Application
• Smart Home
• Smart Wearables
• Smart Cities
• Smart Grid
• IoT Industrial Internet
• IoT Connected Cars
• IoT Connected Healthcare
• Others(Toys And Drones)

Company Profiles
• 8power Limited
• 3rings Care Ltd.
• Adaptive wireless solutions Ltd
• Altiux Innovations
• ARM Holdings plc
• Eseye Ltd.
• EVRYTHNG
• Apple Inc.
• Amazon Web Services
• AT&T Inc.

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