Internet Of Things (IoT) Market: By Platform (Application Management, Device Management and Network Management), By Service (Managed Services and Professional Services), By Software Solution (Security, Data Management, Real-Time Streaming, Analytics, Remote Monitoring and Network Bandwidth Management), By End User (Connected Logistics, Building and Home Automation, Smart Manufacturing, Smart Mobility and Transportation, Smart Energy and Utilities, Smart Retail and Others) and Geography  

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Internet of Things (IoT) Market Size was valued at USD 611.00 billion in 2022 and is expected to reach USD 3,967.99 billion by 2029; the market is estimated to register a CAGR of 30.6% from 2023 to 2029. This report studies the global Internet of Things market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global Internet of Things market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global Internet of Things market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities). Factors that are propelling the market are rising demand for the internet of Things across various end-user sectors, the emergence of wireless networking technologies, and the rise in cloud platform adoption. However, an increasing number of data security & privacy concerns and interoperability issues, and a lack of common standards are hampering the market growth. An increasing use of cloud computing networks in a variety of platforms is majorly driving the global Internet of Things market. Moreover, with the rising use of smartphone devices, the market is expected to grow with leaps and bounds in the near future. Many players are expected to bring new technologies to the table, which could certainly propel the market extensively. Moreover, the emergence of advanced data processing and analytics coupled with a reduction in the cost of connected devices is further expected to induce an extensive acceleration in the global Internet of things market growth. In addition, in today's world internet service is required in almost every sector. Such a high dependency on the internet too is majorly proving to be beneficial to the global internet of things market splendid growth. The global Internet of Things (IoT) Market is surging owing to frequent acquisitions and launchings by the market players.

Internet of Things (IoT) Market Key Developments:

For Instance, in 2019, IBM Corporation announced a collaboration with Sund & Bælt, which owns and operates some of the largest infrastructures in the world, to assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.

Global Internet Of Things Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

23.6%

Largest Market

APAC

Fastest Growing Market

Europe
Internet of Things (IoT) Market Dynamics

Rising concerns data security and privacy of information to protect it against stealing and leaking is majorly restricting growth of the global Internet of Things market. IoT is considered a worldwide network of individually connected devices which communicate with each other, passing data across the internet. This data is collected about individual users and in some cases may contain very personal and private information about the user. Because this data can also be used for malicious purposes it presents security and privacy issues with Internet of Things (IoT) devices. In addition, the IoT devices and their networks are increasingly becoming a prime target for cybercriminals which has resulted in the breach of data security and privacy.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market, and forecast.
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market.

Global Internet Of Things Market Segmentation

By Platform
  • Application Management
  • Device Management
  • Network Management
By Service
  • Managed Services
  • Professional Services
By Software Solution
  • Security
  • Data Management
  • Real-Time Streaming Analytics
  • Remote Monitoring
  • Network Bandwidth Management
By End User
  • Connected Logistics
  • Building and Home Automation
  • Smart Manufacturing
  • Smart Mobility and Transportation
  • Smart Energy and Utilities
  • Smart Retail
  • Others

Frequently Asked Questions

2022 is the base year and 2029 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Table of Content

  1. Executive Summary
  2. Global Internet of Things Market Introduction
    • Global Internet of Things Market – Taxonomy
    • Global Internet of Things Market –Definitions
      • Platform
      • Service
      • Software Solution
      • End User
  1. Global Internet of Things Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Internet of Things Market Dynamic Factors - Impact Analysis
    • Global Internet of Things Market – Competition Landscape
  2. Global Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Internet of Things Market, By Platform, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Application Management
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Device Management
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Network Management
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  1. Global Internet of Things Market, By Service, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Managed Services
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Professional Services
      • Support and Maintenance
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Deployment and Integration
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Consulting
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Internet of Things Market, By Software Solution, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Security
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Data Management
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Real-Time Streaming Analytics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Remote Monitoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Network Bandwidth Management
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Internet of Things Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Connected Logistics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building and Home Automation
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Manufacturing
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Mobility and Transportation
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Energy and Utilities
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Retail
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Internet of Things Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Region, 2023 - 2029
  2. North America Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Application Management
      • Device Management
      • Network Management
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Managed Services
      • Professional Services
    • Software Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Security
      • Data Management
      • Real-Time Streaming Analytics
      • Remote Monitoring
      • Network Bandwidth Management
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Logistics
      • Building and Home Automation
      • Smart Manufacturing
      • Smart Mobility and Transportation
      • Smart Energy and Utilities
      • Smart Retail
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Country, 2023 - 2029
    • North America Internet of Things Market Dynamics – Trends
  3. Europe Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Application Management
      • Device Management
      • Network Management
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Managed Services
      • Professional Services
    • Software Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Security
      • Data Management
      • Real-Time Streaming Analytics
      • Remote Monitoring
      • Network Bandwidth Management
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Logistics
      • Building and Home Automation
      • Smart Manufacturing
      • Smart Mobility and Transportation
      • Smart Energy and Utilities
      • Smart Retail
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Country, 2023 - 2029
    • Europe Internet of Things Market Dynamics – Trends
  4. Asia-Pacific Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Application Management
      • Device Management
      • Network Management
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Managed Services
      • Professional Services
    • Software Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Security
      • Data Management
      • Real-Time Streaming Analytics
      • Remote Monitoring
      • Network Bandwidth Management
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Logistics
      • Building and Home Automation
      • Smart Manufacturing
      • Smart Mobility and Transportation
      • Smart Energy and Utilities
      • Smart Retail
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Country, 2023 - 2029
    • Asia-Pacific Internet of Things Market Dynamics – Trends
  5. Latin America Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Application Management
      • Device Management
      • Network Management
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Managed Services
      • Professional Services
    • Software Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Security
      • Data Management
      • Real-Time Streaming Analytics
      • Remote Monitoring
      • Network Bandwidth Management
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Logistics
      • Building and Home Automation
      • Smart Manufacturing
      • Smart Mobility and Transportation
      • Smart Energy and Utilities
      • Smart Retail
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Country, 2023 - 2029
    • Latin America Internet of Things Market Dynamics – Trends
  6. Middle East and Africa Internet of Things Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Application Management
      • Device Management
      • Network Management
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Managed Services
      • Professional Services
    • Software Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Security
      • Data Management
      • Real-Time Streaming Analytics
      • Remote Monitoring
      • Network Bandwidth Management
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Logistics
      • Building and Home Automation
      • Smart Manufacturing
      • Smart Mobility and Transportation
      • Smart Energy and Utilities
      • Smart Retail
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Internet of Things Market - Opportunity Analysis Index, By Platform, Service and Country, 2023 - 2029
    • MEA Internet of Things Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Platform & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Microsoft Corporation
      • Oracle Corporation
      • International Business Machine (IBM) Corporation
      • Intel Corporation
      • SAP SE
      • Cisco Systems, Inc.
      • PTC Inc.
      • Google Inc.
      • Hewlett Packard Enterprise
      • Amazon Web Services, Inc.
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Microsoft Corporation
  • Oracle Corporation
  • International Business Machine (IBM) Corporation
  • Intel Corporation
  • SAP SE
  • Cisco Systems, Inc.
  • PTC Inc.
  • Google Inc.
  • Hewlett Packard Enterprise
  • Amazon Web Services, Inc.

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