Press release
IoT Market to reach USD 1085.83 Bn by 2029, emerging at a CAGR of 17.1 percent and forecast (2022-2029)
IoT Market By Technology
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Market Values and Overview
In the rapidly evolving world of technology, the IoT market by technology garnered a substantial valuation of US$ 359.63 billion in 2022. Projections indicate a remarkable growth trajectory, with an anticipated 17.10% CAGR from 2023 to 2029, reaching an impressive US$ 1085.83 billion.
Report Scope
The report's ambit encompasses a comprehensive range of facets within the IoT market by technology. It delves into distinct technology segments, including Hardware, while providing deep insights into regional dynamics across major economies. This report equips stakeholders with a panoramic view of the IoT market landscape.
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IoT Market Report Scope and Research Methodology
A robust and rigorous research methodology underpins the insights presented in this report. A blend of primary and secondary research, combined with expert analysis, forms the bedrock of this comprehensive study. This methodology ensures the precision, reliability, and timeliness of the information provided.
What are IoT Market Dynamics?
The report delves into key drivers propelling the growth of the IoT market by technology, such as advancements in IoT technology, sensors, and enhanced connectivity. Conversely, it also addresses potential restraints, including supply chain disruptions and challenges arising from the COVID-19 pandemic. By examining both drivers and restraints, the report offers a holistic view of the IoT market dynamics.
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What is IoT Market Segmentation?
by Hardware
Processers
Sensors
Connectivity Modules
Memory devices
Others
The market is divided into sub-segments based on hardware, including those for processors, sensors, connectivity modules, memory devices, and others. IoT hardware will soon overtake software as the most popular technology category, with the sensor segment leading the market with about $250 billion going primarily towards modules and sensors as well as some spending on infrastructure and security. The second spot will go to services, then software, and finally connectivity. About 60% of all IoT spending by 2029 will go into software and services. With a CAGR of 17% over the next five years, the software industry will also have the fastest growth. Application software, analytics software, IoT platforms, and security software will all contribute to this growth.
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by Software
Application
Analytics
Platform
Security
Data Management
Communication
Others
by Connectivity Type
Satellite Network
Cellular Network
Radio Frequency Identification
Near Field Application
Wi-Fi
by Service
Consulting,
Integration & Implementation,
Operation Management,
Repair & Maintenance
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Who are IoT Market Key Players?
Bosch software innovation
Cisco systems inc
3. General electric
4. Toshiba
5. Hitachi
6. Gaia
7. Philips
8. At & t
9. Honeywell
10. Orbita
11. Carre technologies
12. Huawei technologies
13. IBM Corporation
14. Intel Corporation
15. Schneider Electric
16. Thingworx
17. Verizon Communications
18. Sap se
19. Siemens
20. Ericsson
21. Oracle
22. Konux
23. Palletech
24. Elmodis
25. Senseye
26. Constructs inc
27. Dxtr labs
28. Mirai mobile technologies
29. Ez-robot inc.
30. Omnitrol
31. Brethometer
32. Keriton
33. Cowlar
34. Hortau
35. Fieldin
36. Amazon
37. Dhl
38. Microsoft
39. Symantec
40. Snapbizz
41. Skybell
42. Deako
Table of content for the IoT includes:
Global IoT: Research Methodology
Global IoT: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global IoT: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global IoTSegmentation
Global Market, by Application (2021-2029)
Regional IoT(2021-2029)
Global Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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