IoT - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

IoT - Market Size
The global IoT market size is expected to reach US$ 74630 million by 2029, growing at a CAGR of 11.6% from 2023 to 2029

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IoT - Market
The Internet of Things (IoT) is a network of physical objects that use sensors and APIs to connect and exchange data over the Internet.
The market is mainly driven by the significant applications of IoT in various end use industries. The expanding demands from the Artificial Intelligence, Connectivity, Networking and Sensing/Sensors, are propelling IoT market. Perception Technology, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Network Technology segment is estimated at % CAGR for the next seven-year period.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

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Company Profiles:
• Amazon Web Services
• Autodesk SeeControl
• BlackBerry
• Bosch Software Innovations
• Bright Wolf
• C3 IoT
• Carriots
• Concirrus
• Connio
• Cumulocity
• Davra Networks
• Device Insight
• EVRYTHNG
• Exosite
• GE
IoT market, Segment by Type:
• Perception Technology
• Network Technology
• Application Technology

IoT market, by Application
• Artificial Intelligence
• Connectivity
• Networking
• Sensing/Sensors
• Databases
• Others

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