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Internet of Things Market by End user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71082
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The internet of things market has the potential to grow by USD 695.38 billion during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 13.77%.

This internet of things market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (industrial, retail, healthcare, ICT, and others) and geography (APAC, North America, Europe, MEA, and South America). The internet of things market report also offers information on several market vendors, including Alphabet Inc., Cisco Systems Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Robert Bosch GmbH, SAP SE, and Siemens AG among others.

What will the Internet of Things Market Size be in 2021?

Internet of Things Market Size

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Internet of Things Market: Key Drivers and Trends

The technological developments are notably driving the internet of things market growth, although factors such as lack of awareness of efficient management of IoT initiatives and investments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the internet of things industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the internet of things market share growth.
  • IoT technology is becoming increasingly accessible to more manufacturers thanks to the availability of low-cost, high-reliability sensors.
  • A variety of Internet network protocols have made it simple to link sensors to the cloud and other "things" for efficient data transfer.
  • Cloud platforms are becoming more widely available, allowing organizations and consumers to gain access to the infrastructure that they need without having to handle it all by themselves.
  • Businesses can acquire insights quickly and easily, thanks to developments in machine learning and analytics, as well as access large volumes of data stored in the cloud.
  • The exponential growth of Internet-connected and operated devices is another major factor supporting the internet of things market share growth.
  • The number of IoT-connected devices globally is expected to rise to 43 billion by 2023, nearly three times the number of devices from 2018.
  • Technological advancements will make IoT technology easier to implement, allowing a wider range of businesses to profit from IoT applications.
  • IoT technologies have already produced ground-breaking applications in fields as diverse as Industry 4.0, smart cities, smart homes, connected autos, and e-health.
  • Developments in IoT-related technology mean that all the end-user sectors can now access functionalities that were not available five years ago.

This internet of things market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Internet of Things Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Robert Bosch GmbH
  • SAP SE
  • Siemens AG

 

This statistical study of the internet of things market encompasses successful business strategies deployed by the key vendors. The internet of things market is fragmented and the vendors are deploying growth strategies such as increasing their product offerings and integrating with peer companies as well as suppliers to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The internet of things market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Internet of Things Market?

Internet of Things Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. China is the key market for the internet of things in APAC. Market growth in this region will be faster than the growth of the market in the European and North American regions.

Increased investments in infrastructure development by the governments of India, China, and the Philippines and efforts toward modernization by small and medium-sized enterprises (SMEs) in these countries will facilitate the internet of things market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Internet of Things Market?

Internet of Things Market Segmentation

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The internet of things market share growth by the industrial segment will be significant during the forecast period. Manufacturers worldwide are reaping the benefits of IoT technology in terms of enhancing business productivity and gaining a competitive advantage. This segment faces certain challenges, such as the need for more investments, the redesigning of business models, security concerns, the lack of standardization, and interoperability issues. Favorable government policies and partnerships among different organizations that are operating in the IoT space should help improve the level of expertise and thereby aid in overcoming these challenges. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the internet of things market size and actionable market insights on post COVID-19 impact on each segment.

 

Internet of Things Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 13.77%

Market growth 2021-2025

$ 695.38 billion

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, Norway, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Cisco Systems Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Robert Bosch GmbH, SAP SE, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Internet of Things Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive internet of things market growth during the next five years
  • Precise estimation of the internet of things market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the internet of things industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of internet of things market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Industrial - Market size and forecast 2020-2025
    • Retail - Market size and forecast 2020-2025
    • Healthcare - Market size and forecast 2020-2025
    • ICT - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alphabet Inc.
      • Cisco Systems Inc.
      • Honeywell International Inc.
      • Intel Corp.
      • International Business Machines Corp.
      • Microsoft Corp.
      • Oracle Corp.
      • Robert Bosch GmbH
      • SAP SE
      • Siemens AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Internet of Things market growth will increase by $695.38 billion during 2020-2025.
      The internet of things market is expected to grow at a CAGR of 13.77% during 2020-2025.
      Technavio has segmented the internet of things market by end user (Industrial, Retail, Healthcare, ICT, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
      Alphabet Inc., Cisco Systems Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Robert Bosch GmbH, SAP SE, Siemens AG are a few of the key vendors in the internet of things market.
      APAC will register the highest growth rate of 33.82% among the other regions. Therefore, the internet of things market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the internet of things market growth are:
      • Technological developments
      The internet of things market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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