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

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?

Browse TOC and LoE with selected illustrations and example pages of the Internet of Things Market

 Get Your FREE Sample Now!

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.

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?

For more insights on the market share of various regions Request for a FREE sample now!

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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

You may be interested in the regional reports:

China IOT market - The market share will grow steadily at a CAGR of almost 19% by 2020. 

Russia IoT market - The market share will grow by USD 6.95 billion during 2018-2022. 

Nordic Region IOT (Internet of Things) market - The market share will grow impressively at a CAGR of over 15% by 2020. 

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch