IoT Market Analysis and Forecast to 2028: COVID-19 and Post-COVID Impact, Opportunities and Trends

According to a report from Evolve Business Intelligence, The global IoT market size was valued at $ 740.47 billion in 2020, and is projected to reach $ 4,421.62 billion by 2030, growing at a CAGR of 20% from 2021 to 2030.. The study covers insights regarding growth leveraging factors and investment strategies for each of the reader's analysts. The reader will gain valuable insights regarding key players and their developmental outlook for 2019, 2020 and 2021. This latest report on Pre-COVID-19 and Post-COVID-19 impact analysis will help investors with keeping up-to-date with current market activity and plan future investments accordingly.

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The report includes 10 key players in the IoT market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:

• Intel Corporation
• SAP SE
• Cisco Systems Inc.
• Microsoft Corporation
• Oracle Corporation
• IBM Corporation
• Google LLC
• Hewlett-Packard Enterprise
• Amazon Web Services Inc.
• Bosch Software Innovation GmbH

The research team has conducted a study of the IoT market. This study has indicated a positive outlook for the future based on current and past data as well as an in-depth examination of key trends that could impact the long-term performance of this sector. Based on our findings, we see opportunities for growth in some key specific areas that we believe are ripe for new applications. To determine the amounts of these opportunities, we closely investigated factors such as how accessible the required raw materials were and how easily accessible sources could be to those who would be potentially interested in knowing more about these materials and their unique qualities so that they could consider incorporating them into their manufacturing process or commercializing them.

The study discusses the growth potential of the IoT market on a global scale, by region and by country. The report analyzes how and why market trends affect the market in different parts of the world. Then, it sheds light on opportunities available for companies looking to get involved in this industry irrespective of the product or service they are offering.

Impact of COVID-19 & Post Covid Scenerio
The COVID-19 pandemic has been impacting the industry for the past year. Several financial impacts including disruptions have been felt over a long period of time across diverse markets. Our research has interviewed hundreds of people in the same geographical markets to collect information.

In terms of COVID 19 impact, the IoT market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Market Segment By Component with focus on market share, consumption trend, and growth rate of IoT Market:
• Solution
o Real-time streaming analytics
o Security Solution
o Data Management
o Remote Monitoring System
o Network Bandwidth Management
• Services
o Professional Service
o Support & Maintenance
o Consulting Service
o Managed Service

Market Segment By Deployment Mode with focus on market share, consumption trend, and growth rate of IoT Market:
• On-premise
• Cloud

Market Segment By ORGANIZATION SIZE with a focus on market share, consumption trend, and growth rate of IoT Market:
• Large Enterprises
• SMEs

Market Segment By Platform with a focus on market share, consumption trend, and growth rate of IoT Market:
• Device Management
• Application Management
• Network Management

Market Segment By Technology with a focus on market share, consumption trend, and growth rate of IoT Market:
• Radiofrequency Identification
• Pressure Sensors
• Network Communications
• Data Processing
• Near-field Communication

Market Segment By Industry Vertical with a focus on market share, consumption trend, and growth rate of IoT Market:
• Retail, E-commerce, & Consumer Electronics
• Energy & Utility
• Healthcare
• Transportation & Logistics
• IT & Telecom
• Manufacturing
• Others

Global IoT Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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Key Matrix
• Base Year: 2021
• Estimated Year: 2022
• CAGR: 2022 to 2030

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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