Internet of Things Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Internet of Things Market Statistics 2025
The global IoT market size is projected to reach US$ 74630 million by 2028, from US$ 34250 million in 2021, at a CAGR of 11.6% during 2022-2028. Key drivers of the IoT market growth include the potential application of combining Artificial intelligence and IoT systems.
The demand for efficient connectivity solutions will drive the IoT market growth during the forecast period.

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The rapid deployment of IoT will require extensive networking protocols which will drive the demand for the IoT market in the coming years. The booming use of sensors will augment the growth of the IoT market in the forthcoming years. The rising database use for storage purposes will surge the expansion of the internet of things market in the subsequent years.

Internet of Things Market Share Analysis
Based on type, the segmentations are network technology, perception, and application technology.
Based on application, the networking segment will grow the highest in the IoT market share due to the growing need for remote monitoring systems and internet-ready devices in several industry verticals.

Based on region, North America is expected to witness considerable growth in the IoT market share due to the presence of key players, rapid investments in the development of IoT-enabled devices, and widespread adoption in several industries like Automotive, healthcare, and manufacturing, etc.

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Internet of Things Market By Type
• PERCEPTION TECHNOLOGY
The layer of perception is the lowest layer of conventional IoT architecture. The main responsibility of this layer is to collect and transform useful information/data from things or the environment into a digital setup.

• NETWORK TECHNOLOGY
The network layer represents an abstraction layer of an entity. The abstraction layer of the object serves as a network layer between the management of the service and the layer of the object.

• APPLICATION TECHNOLOGY
This layer provides customized services based on relevant user needs. The main responsibility of this layer is to link the gap between the users and the applications. The IoT layer brings the industry together to achieve high-level smart application-type solutions such as disaster control, health monitoring, transposition, wealth, medical and ecological climate and managed global management applicable to all smart based applications.

Internet of Things Market By Key Players
• Amazon Web Services
• Autodesk SeeControl
• BlackBerry
• Bosch Software Innovations
• Bright Wolf
• C3 IoT
• Carriots
• Concirrus
• Connio
• Cumulocity
• Davra Networks
• Device Insight
• EVRYTHNG
• Exosite
• GE

Internet of Things Market By Application
• Artificial Intelligence
• Connectivity
• Networking
• Sensing/Sensors
• Databases

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