Internet Of Things (IoT) Market Seizing Growth Opportunities With The Changing Connectivity Trends

Market Overview:

Global Internet of Things (IoT) Market size was valued at USD 156.58 Billion in 2021, and is projected to reach USD 693.94 Billion by 2028, growing at a CAGR of 23.7% from 2022 to 2028.

Internet of Things (IoT) refers to the interconnected network of physical devices or things, such as appliances and vehicles, that are embedded with software, sensors, and connectivity which enables these objects to connect together and exchange data with those systems over the internet. These devices can be ordinary household objects to sophisticated industrial tools and automotive. Since 2019 the number of connected IoT devices has increased from 7 billion to 14.4 billion till now in 2023, and experts have even expected this number to surpass 22 billion by 2025.

Over the last few years, IoT has become one of the most important technologies of the 21st century gaining the most popularity in the digital world. Now, seamless communication is possible between people, processes, and things owing to the connection of everyday objects like kitchen appliances, cars, thermostats, and even baby monitors. This fame of IoT is also anticipated to grow by means of its features like low-cost computing, the cloud, big data, analytics, mobile technologies, and no human intervention.

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Market Dynamics:

Driver:

Ongoing development of wireless networking technologies and increasing cloud platform adoption with an aim to achieve smart environments are greatly driving the global market for IoT. In addition to this reduction in the cost of connected devices and more implementation of IoT among SMEs are also supporting the market growth.

Opportunities:

Rising initiatives of smart cities to achieve core infrastructure and provide good quality of life are expected to drive the market growth during the forecast period also IoT is on its way to pave an era of intuitive human-machine interactivity, enabling new opportunities, applications, and revenue streams globally which in turn is also going to be profitable for IoT providers.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Segmentation Analysis Of Internet of Things (IoT) Market

By Deployment Type, the On-Premise segment is expected to account largest market share during the forecasted period. On-premise provides various advantages like a high level of data safety and security. On-premise deployment can be operated in a controlled, and completely internet-independent which provides higher system visibility and Quality-of-Service. Additionally, on-premises is very customizable due to this many industries prefer this to modify things like Server hardware, security protocols, and application codes for specific requirements due to this most the customer prefer on-premises deployment type which also propels the growth of the Internet of Things (IoT) market during the projected period.

By Platform, the Device Management segment is expected to dominate the Internet of Things (IoT) market during the forecasted period. IoT device management allows remotely accessing, diagnosing and managing the functionality of IoT devices, applying security patches, and providing device-centric reports. Additionally, the increasing requirement for access and control of IoT devices is also supporting the growth of IoT device management which also propels the growth of the Internet of Things (IoT) market during the projected period.

By Application, the Manufacturing segment is expected to account for the largest market share during the projected period. Internet of Things (IoT) in the manufacturing industry provides insights and visibility of their operation to the manufacturer. This technology improves processes; enhances the efficiency and quality of products that help to introduce greater flexibility into the business. IoT provides a clear picture of the strengths and weaknesses of the manufacturer of their businesses and identifies the areas for improvement and generates a positive and expected return on the investment. Additionally, this technology helps to build the relationship between manufacturer and consumer.

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Table Of Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Deployment Type
 3.2 By Platform
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Internet of Things (IoT) Market by Deployment Type
 5.1 Internet of Things (IoT) Market Overview Snapshot and Growth Engine
 5.2 Internet of Things (IoT) Market Overview
 5.3 Cloud
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cloud: Grographic Segmentation
 5.4 On-Premise
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 On-Premise: Grographic Segmentation

Chapter 6: Internet of Things (IoT) Market by Platform

To Be Continued...

By Deployment Type

•Cloud
•On-Premise

By Platform

•Device Management
•Application Management

By Application

•Manufacturing
•BFSI
•IT & Telecom
•Retail
•Healthcare
•Others

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Regional Analysis Of Internet of Things (IoT) Market
North America is expected to dominate the Internet of Things (IoT) market during the projected period. Owing to the continuous increasing presence of the Internet of Things in the region due to the implementation of connected vehicles, smart energy initiatives, home automation, and smart manufacturing industries it also generates significant revenue in this region. In addition to this, North America is one of the largest in the world due to the presence of companies such as Google, Cisco, and IBM are leading names in the field which also supports the growth of the market in this region. According to Statista, In 2020, the number of IoT devices is forecast to reach 8.74 billion, which surpasses the number of people on earth, this shows the high growth of the Internet of Things (IoT) market during the projected period.

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By Region

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Players Covered in Internet of Things (IoT) Market are:

•Intel (US)
•Microsoft (US)
•Cisco (US)
•Google (US)
•IBM (US)
•Samsung (South Korea)
•Apple (US)
•SAP (Germany)
•Gartner (US)
•Oracle (US)
•ARM (UK)
•General Electric (US)
•Amazon (US)
•HP (US)
•Arduino (US)
•IDC (US)
•Blackberry (Canada)
•PTC (US)
•Verizon (US), and other major players

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