IoT Market Size Report & Industry Overview 2022-2030

IoT Market Forecast to 2030 - Global Analysis by Component [Hardware, Software (Device Management, Application Management, Data Management, and Network Management), and Services], Enterprise Size (Large Enterprises and SMEs), and Application (Building & Automation, Smart Energy & Utilities, Smart Manufacturing, Connected Logistics, Banking & Financial Services, Aerospace & Defense, and Others)

  • Report Code : TIPTE100000128
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 250
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[Research Report] The IoT market size is expected to grow from US$ 611.00 billion in 2023 to US$ 3,967.99 billion by 2030; the market is estimated to register a CAGR of 30.6% from 2023 to 2030.

 

Analyst Perspective:

An increasing number of smart city projects, a growing number of online and offline IoT product distributors, and escalating demand for IoT technologies in the automotive sector are the major factors driving the global IoT market. The e-commerce industry is rapidly growing with the increasing penetration of smartphones and the growing consumer preference for buying products online due to the ease of shopping. However, with the increasing number of IoT-connected devices, security issues are also evolving at endpoints. They are potential target points for hackers; therefore, the increase in data security concerns has become one of the major factors hampering the IoT market growth. On the contrary, the growing need for data analysis, and integration of analytics and developments in the mass rollout of 5G networks are anticipated to create lucrative growth opportunities for the IoT market over the forecast period. In July 2020, IBM, an American multinational technology corporation, collaborated with Verizon Business, a division of Verizon Communications. The collaboration aimed to work together on 5G and edge computing innovation to help enable the future of Industry 4.0. Thus, all the above factors are fueling the growth of the IoT market in the forecasted period.

Market Overview:

The Internet of Things (IoT) extends Internet connectivity to physical objects and devices. It provides greater control over lights, appliances, and door locks; offers insights into resource consumption habits; streamlines business processes; and enables connectivity between people and systems. Moreover, communications between IoT devices can be established over the Internet or directly via a wireless protocol. Thus, these devices can also be monitored and controlled remotely. The smart home products, such as lighting fixtures, thermostats, home appliances, cameras, and home security systems are a few IoT devices which are gaining traction in the consumer market, further fueling the growth of IoT market in the forecasted period. IoT technology helps connect various smart devices to ease business operations; the connected smart devices collect and share data, which can be further utilized to enhance customer experience, thus, propelling the IoT market growth.

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IoT Market: Strategic Insights

internet-of-things-iot-market
Market Size Value inUS$ 611.00 billion in 2023
Market Size Value byUS$ 3,967.99 billion by 2030
Growth rateCAGR of 30.6% from 2023 to 2030
Forecast Period2023-2030
Base Year2023
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Market Driver:

Rise in Implementation of IoT in Automotive Sector to Drive Growth of IoT Market

Automotive is one of the largest sectors in terms of IoT implementation that supports various applications such as self-driving cars, security features, data analytics, in-vehicle infotainment, predictive maintenance, real-time monitoring, and dashboard. Moreover, the high level of competition in the global automotive sector is propelling companies to adopt IoT, AI, and other advanced technologies, which is fueling the growth of the IoT market. Audi, BMW, General Motors, and Mercedes-Benz are a few major automakers offering advanced infotainment systems for cars integrated with various technologies. Moreover, the growing demand for connected vehicles and rising investments in autonomous cars boost the adoption of IoT and efficient communication technologies, such as 4G and 5G. For instance, in April 2021, Vodafone Idea announced the launch of its integrated IoT solution for the automotive sector. With this product launch, the company further strengthened its product portfolio, thus propelling the growth of the IoT market. Automotive systems that can be enhanced with IoT include logistics management, fleet management, telematics, sensor sharing, advanced driver assistance systems, infotainment, and autonomous driving. Furthermore, due to the increasing demand for dynamic messaging, parking sensors, real-time occupancy data of parking spots, and vehicle parking spots, several government agencies are promoting smart city programs and implementing smart parking to ensure smooth traffic in the city. Therefore, the rise in the implementation of IoT in the automotive sector is driving the IoT market.

Segmental Analysis:

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Based on enterprise size, the IoT market is segmented into large enterprises and SMEs. The large enterprises segment in IoT market is expected to account for a larger share in 2023. With extensive resources and infrastructure, large enterprises play a crucial role in driving IoT adoption. These enterprises can implement complex IoT solutions on a larger scale, integrating diverse systems and data sources. IoT benefits large enterprises by offering deeper insights into their operations, enhancing supply chain management, optimizing asset utilization, and improving customer engagement, which is further fueling the growth of the IoT market.

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Regional Analysis:

Based on geography, the IoT market size is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). APAC is expected to register the highest CAGR of 33.1% in the IoT market from 2023 to 2030.

In APAC, the ongoing deployment and expansion of 5G is accelerating the connectivity in the region which will further help in the development of smart cities, environmental and sustainability monitoring, transportation infrastructure, energy, and resources, which are expected to flourish the IoT market growth in APAC during the forecast period. According to the Groupe Speciale Mobile Association (GSMA), the 5G adoption in the Asia Pacific (except China) reached 4% in 2022 and is expected to rise to 41% by 2030. Thus, the growing 5G penetration will create an opportunity for the growth of the APAC IoT market during the forecast period.

Key Player Analysis:

The IoT Market consists of the players such as Microsoft Corporation; Hewlett Packard Enterprise Development LP; SAS Institute Inc.; VMware, Inc.; Google, LLC; Oracle Corporation; Cisco Systems, Inc.; SAP SE; IBM Corporation; and Qualcomm Technologies, Inc. Among the players in the IoT market, SAP SE and Microsoft Corporation are the top two players owing to the diversified product portfolio offered.

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the IoT Market. A few recent key market developments are listed below:

  • In February 2023, Cisco introduced enhancements to its IoT portfolio, specifically targeting the needs of massive-scale IoT deployments. The Cisco IoT Control Center updates aim to simplify connectivity management for low-cost, stationary devices such as utility meters and medical devices. The platform supports a range of IoT use cases, allowing service providers to address different complexity levels and capitalize on new market opportunities. By providing a single platform for diverse enterprise needs, Cisco aims to make IoT more valuable and user-friendly for its customers.
  • In January 2023, Amazon Web Services (AWS) launched several new data and location service capabilities in late 2022, providing significant opportunities for partners in the Internet of Things (IoT) space. Yasser Alsaied, AWS' IoT leader, believes these new services will enable partners to enhance their offerings and provide customers with advanced data and cybersecurity solutions. The cloud is ideal for securely and reliably managing IoT connectivity and data.
  • In January 2023, IoT Connectivity as-a-Service provider KORE chose Amazon Web Services (AWS) to support its Massive IoT solutions, addressing the security challenges associated with large-scale IoT deployments. KORE's OmniSIM SAFE solution, powered by AWS IoT Core, leverages eSIM technology to enhance IoT security by providing unique credentials and secure data communications. The partnership aims to streamline operations and ensure end-to-end security for the anticipated exponential growth of IoT devices in the coming years.
  • In Dec 2022, KORE formed a strategic alliance with Google Cloud to deliver comprehensive IoT solutions to businesses worldwide. The collaboration will leverage Google Cloud's infrastructure and analytics capabilities and KORE's expertise in simplifying IoT deployment. The partnership aims to provide customers with reliable, value-added IoT services and open new opportunities for industries like healthcare, fleet management, and industrial IoT. KORE will become a Google Cloud partner in IoT, bringing its innovative platform and industry-specific solutions to the collaboration.
  • In Oct 2021, SAP was named a Leader in the IDC MarketScape report for Worldwide Industrial IoT Platforms and Applications in Manufacturing 2021. The recognition highlights SAP's comprehensive business applications built on IoT platforms, its ability to integrate IoT data with enterprise systems, and its analytics, machine learning, and edge deployment capabilities offerings. SAP's flexibility and broad portfolio of IoT-enabled solutions position it as a leader in driving Industry 4.0 transformations and supporting productivity, resilience, and sustainability across the supply chain.
  • In September 2021, Intel introduced the 11th Gen Intel Core processors for IoT, the Intel Atom x6000E series, and Intel Pentium and Celeron N and J series processors. These enhanced processors aim to address the evolving needs of the IoT industry, offering features such as high-speed processing, computer vision, and low-latency deterministic computing. With advancements in AI and real-time capabilities, Intel aims to cater to edge customers and tap into the US$ 65 billion edge silicon market opportunity by 2024.  
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Enterprise Size, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, Netherlands, Russian Federation, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated global market size for the global IoT market in 2023?

The global IoT market was estimated to be US$ 611.00 billion in 2023 and is expected to grow at a CAGR of 30.6 %, during the forecast period 2023 - 2030.

What are the driving factors impacting the global IoT Market?

The demand for IoT solutions has increased significantly as governments of various countries are taking initiatives for the development of smart city projects to promote economic development, digitally optimize public assets, and improve infrastructure & environment.

Which are the key players holding the major market share of global IoT Market?

The key players, holding majority shares, in the IoT software market includes SAP SE, Microsoft Corporation, IBM Corporation, Google LLC, and Amazon Web Services Inc.

What will be the global market size for global IoT Market by 2030?

The global IoT Market is expected to reach US$ 3,967.99 billion by 2030.

What is the incremental growth of the global IoT Market during the forecast period?

The incremental growth, expected to be recorded for the global IoT Market during the forecast period, is US$ 3356.99 billion.

What are the future trends of the global IoT Market?

The growing transition from traditional to digital ecosystems across industries creates a tremendous need for connected ecosystems, which is increasing the demand for IoT-based solutions. Thus, an increase in digitalization across different sectors is expected to fuel the IoT software market during the forecast period.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. IoT Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. IoT Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Number of Smart City Projects

5.1.2 Low Cost of Connected Devices and Increase in Investments in IoT

5.1.3 Rise in Implementation of IoT in Automotive Sector

5.2 Market Restraints

5.2.1 Data Security and Interoperability Issues

5.3 Market Opportunities

5.3.1 Progressive Deployment of 5G Networks

5.4 Future Trends

5.4.1 Massive Expansion of E-Commerce Industry

5.4.2 Increase in Digitalization Across Industries

5.5 Impact Analysis of Drivers and Restraints

6. IoT Market – Global Market Analysis

6.1 Global IoT Market Overview

6.2 Global IoT Market Revenue and Volume Forecast and Analysis

6.3 Market Positioning – Five Key Players

7. IoT Market – By Component

7.1 Overview

7.2 IoT Market, by Component (2022 and 2030)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.4 Software

7.4.1 Overview

7.4.2 Software: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.4.3 Device Management

7.4.3.1 Overview

7.4.3.2 Device Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.4.4 Application Management

7.4.4.1 Overview

7.4.4.2 Application Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.4.5 Data Management

7.4.5.1 Overview

7.4.5.2 Data Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.4.6 Network Management

7.4.6.1 Overview

7.4.6.2 Network Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

7.5 Services

7.5.1 Overview

7.5.2 Service: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

8. IoT Market Analysis – by Enterprise Size

8.1 Overview

8.2 IoT Market, by Enterprise Size (2022 and 2030)

8.3 Large Enterprises

8.3.1 Overview

8.3.2 Large Enterprises: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

8.4 SMEs

8.4.1 Overview

8.4.2 SMEs: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9. IoT Market Analysis – by Application

9.1 Overview

9.2 IoT Market, by Application (2022 and 2030)

9.3 Building & Automation

9.3.1 Overview

9.3.2 Building & Automation: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.4 Smart Energy & Utilities

9.4.1 Overview

9.4.2 Smart Energy & Utilities: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.5 Smart Manufacturing

9.5.1 Overview

9.5.2 Smart Manufacturing: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.6 Connected Logistics

9.6.1 Overview

9.6.2 Connected Logistics: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.7 Smart Mobility and Transportation

9.7.1 Overview

9.7.2 Smart Mobility and Transportation: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.8 Banking & Financial Services

9.8.1 Overview

9.8.2 Banking & Financial Services: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.9 Aerospace & Defense

9.9.1 Overview

9.9.2 Aerospace & Defense: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

9.10 Others

9.10.1 Overview

9.10.2 Others: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

10. IoT Market – Geographic Analysis

10.1 Overview

10.2 North America: IoT Market

10.2.1 Overview

10.2.2 North America IoT Market - Revenue and Volume Forecast to 2030 (US$ Billion)

10.2.3 North America IoT Market, By Component

10.2.4 North America IoT Market, By Software

10.2.5 North America IoT Market, By Enterprise Size

10.2.6 North America IoT Market, By Application

10.2.7 North America IoT Market, by Country

10.2.7.1 US IoT Market - Revenue and Forecast to 2030

10.2.7.1.1 US IoT Market, By Component

10.2.7.1.2 US IoT Market, By Software

10.2.7.1.3 US IoT Market, By Enterprise Size

10.2.7.1.4 US IoT Market, By Application

10.2.7.2 Canada IoT Market - Revenue and Forecast to 2030

10.2.7.2.1 Canada IoT Market, By Component

10.2.7.2.2 Canada IoT Market, By Software

10.2.7.2.3 Canada IoT Market, By Enterprise Size

10.2.7.2.4 Canada IoT Market, By Application

10.2.7.3 Mexico IoT Market - Revenue and Forecast to 2030

10.2.7.3.1 Mexico IoT Market, By Component

10.2.7.3.2 Mexico IoT Market, By Software

10.2.7.3.3 Mexico IoT Market, By Enterprise Size

10.2.7.3.4 Mexico IoT Market, By Application

10.3 Europe: IoT Market

10.3.1 Overview

10.3.2 Europe IoT Market - Revenue and Volume Forecast to 2030 (US$ Billion)

10.3.3 Europe IoT Market, By Component

10.3.4 Europe IoT Market, By Software

10.3.5 Europe IoT Market, By Enterprise Size

10.3.6 Europe IoT Market, By Application

10.3.7 Europe IoT Market, by Country

10.3.7.1 Germany IoT Market - Revenue and Forecast to 2030

10.3.7.1.1 Germany IoT Market, By Component

10.3.7.1.2 Germany IoT Market, By Software

10.3.7.1.3 Germany IoT Market, By Enterprise Size

10.3.7.1.4 Germany IoT Market, By Application

10.3.7.2 France IoT Market - Revenue and Forecast to 2030

10.3.7.2.1 France IoT Market, By Component

10.3.7.2.2 France IoT Market, By Software

10.3.7.2.3 France IoT Market, By Enterprise Size

10.3.7.2.4 France IoT Market, By Application

10.3.7.3 Italy IoT Market - Revenue and Forecast to 2030

10.3.7.3.1 Italy IoT Market, By Component

10.3.7.3.2 Italy IoT Market, By Software

10.3.7.3.3 Italy IoT Market, By Enterprise Size

10.3.7.3.4 Italy IoT Market, By Application

10.3.7.4 UK IoT Market - Revenue and Forecast to 2030

10.3.7.4.1 UK IoT Market, By Component

10.3.7.4.2 UK IoT Market, By Software

10.3.7.4.3 UK IoT Market, By Enterprise Size

10.3.7.4.4 UK IoT Market, By Application

10.3.7.5 Russia IoT Market - Revenue and Forecast to 2030

10.3.7.5.1 Russia IoT Market, By Component

10.3.7.5.2 Russia IoT Market, By Software

10.3.7.5.3 Russia IoT Market, By Enterprise Size

10.3.7.5.4 Russia IoT Market, By Application

10.3.7.6 Sweden IoT Market - Revenue and Forecast to 2030

10.3.7.6.1 Sweden IoT Market, By Component

10.3.7.6.2 Sweden IoT Market, By Software

10.3.7.6.3 Sweden IoT Market, By Enterprise Size

10.3.7.6.4 Sweden IoT Market, By Application

10.3.7.7 Belgium IoT Market - Revenue and Forecast to 2030

10.3.7.7.1 Belgium IoT Market, By Component

10.3.7.7.2 Belgium IoT Market, By Software

10.3.7.7.3 Belgium IoT Market, By Enterprise Size

10.3.7.7.4 Belgium IoT Market, By Application

10.3.7.8 Netherlands IoT Market - Revenue and Forecast to 2030

10.3.7.8.1 Netherlands IoT Market, By Component

10.3.7.8.2 Netherlands IoT Market, By Software

10.3.7.8.3 Netherlands IoT Market, By Enterprise Size

10.3.7.8.4 Netherlands IoT Market, By Application

10.3.7.9 Switzerland IoT Market - Revenue and Forecast to 2030

10.3.7.9.1 Switzerland IoT Market, By Component

10.3.7.9.2 Switzerland IoT Market, By Software

10.3.7.9.3 Switzerland IoT Market, By Enterprise Size

10.3.7.9.4 Switzerland IoT Market, By Application

10.3.7.10 Rest of Europe IoT Market - Revenue and Forecast to 2030

10.3.7.10.1 Rest of Europe IoT Market, By Component

10.3.7.10.2 Rest of Europe IoT Market, By Software

10.3.7.10.3 Rest of Europe IoT Market, By Enterprise Size

10.3.7.10.4 Rest of Europe IoT Market, By Application

10.4 Asia Pacific (APAC): IoT Market

10.4.1 Overview

10.4.2 Asia Pacific IoT Market - Revenue and Volume Forecast to 2030 (US$ Billion)

10.4.3 Asia Pacific IoT Market, By Component

10.4.4 Asia Pacific IoT Market, By Software

10.4.5 Asia Pacific IoT Market, By Enterprise Size

10.4.6 Asia Pacific IoT Market, By Application

10.4.7 Asia Pacific IoT Market, by Country

10.4.7.1 Australia IoT Market - Revenue and Forecast to 2030

10.4.7.1.1 Australia IoT Market, By Component

10.4.7.1.2 Australia IoT Market, By Software

10.4.7.1.3 Australia IoT Market, By Enterprise Size

10.4.7.1.4 Australia IoT Market, By Application

10.4.7.2 China IoT Market - Revenue and Forecast to 2030

10.4.7.2.1 China IoT Market, By Component

10.4.7.2.2 China IoT Market, By Software

10.4.7.2.3 China IoT Market, By Enterprise Size

10.4.7.2.4 China IoT Market, By Application

10.4.7.3 India IoT Market - Revenue and Forecast to 2030

10.4.7.3.1 India IoT Market, By Component

10.4.7.3.2 India IoT Market, By Software

10.4.7.3.3 India IoT Market, By Enterprise Size

10.4.7.3.4 India IoT Market, By Application

10.4.7.4 Japan IoT Market - Revenue and Forecast to 2030

10.4.7.4.1 Japan IoT Market, By Component

10.4.7.4.2 Japan IoT Market, By Software

10.4.7.4.3 Japan IoT Market, By Enterprise Size

10.4.7.4.4 Japan IoT Market, By Application

10.4.7.5 South Korea IoT Market - Revenue and Forecast to 2030

10.4.7.5.1 South Korea IoT Market, By Component

10.4.7.5.2 South Korea IoT Market, By Software

10.4.7.5.3 South Korea IoT Market, By Enterprise Size

10.4.7.5.4 South Korea IoT Market, By Application

10.4.7.6 Indonesia IoT Market - Revenue and Forecast to 2030

10.4.7.6.1 Indonesia IoT Market, By Component

10.4.7.6.2 Indonesia IoT Market, By Software

10.4.7.6.3 Indonesia IoT Market, By Enterprise Size

10.4.7.6.4 Indonesia IoT Market, By Application

10.4.7.7 Singapore IoT Market - Revenue and Forecast to 2030

10.4.7.7.1 Singapore IoT Market, By Component

10.4.7.7.2 Singapore IoT Market, By Software

10.4.7.7.3 Singapore IoT Market, By Enterprise Size

10.4.7.7.4 Singapore IoT Market, By Application

10.4.7.8 Malaysia IoT Market - Revenue and Forecast to 2030

10.4.7.8.1 Malaysia IoT Market, By Component

10.4.7.8.2 Malaysia IoT Market, By Software

10.4.7.8.3 Malaysia IoT Market, By Enterprise Size

10.4.7.8.4 Malaysia IoT Market, By Application

10.4.7.9 Thailand IoT Market - Revenue and Forecast to 2030

10.4.7.9.1 Thailand IoT Market, By Component

10.4.7.9.2 Thailand IoT Market, By Software

10.4.7.9.3 Thailand IoT Market, By Enterprise Size

10.4.7.9.4 Thailand IoT Market, By Application

10.4.7.10 Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030

10.4.7.10.1 Rest of Asia Pacific IoT Market, By Component

10.4.7.10.2 Rest of Asia Pacific IoT Market, By Software

10.4.7.10.3 Rest of Asia Pacific IoT Market, By Enterprise Size

10.4.7.10.4 Rest of Asia Pacific IoT Market, By Application

10.5 Middle East & Africa (MEA): IoT Market

10.5.1 Overview

10.5.2 MEA IoT Market - Revenue and Volume Forecast to 2030 (US$ Billion)

10.5.3 MEA IoT Market, By Component

10.5.4 MEA IoT Market, By Software

10.5.5 MEA IoT Market, By Enterprise Size

10.5.6 MEA IoT Market, By Application

10.5.7 MEA IoT Market, by Country

10.5.7.1 South Africa IoT Market - Revenue and Forecast to 2030

10.5.7.1.1 South Africa IoT Market, By Component

10.5.7.1.2 South Africa IoT Market, By Software

10.5.7.1.3 South Africa IoT Market, By Enterprise Size

10.5.7.1.4 South Africa IoT Market, By Application

10.5.7.2 Saudi Arabia IoT Market - Revenue and Forecast to 2030

10.5.7.2.1 Saudi Arabia IoT Market, By Component

10.5.7.2.2 Saudi Arabia IoT Market, By Software

10.5.7.2.3 Saudi Arabia IoT Market, By Enterprise Size

10.5.7.2.4 Saudi Arabia IoT Market, By Application

10.5.7.3 UAE IoT Market - Revenue and Forecast to 2030

10.5.7.3.1 UAE IoT Market, By Component

10.5.7.3.2 UAE IoT Market, By Software

10.5.7.3.3 UAE IoT Market, By Enterprise Size

10.5.7.3.4 UAE IoT Market, By Application

10.5.7.4 Rest of MEA IoT Market - Revenue and Forecast to 2030

10.5.7.4.1 Rest of MEA IoT Market, By Component

10.5.7.4.2 Rest of MEA IoT Market, By Software

10.5.7.4.3 Rest of MEA IoT Market, By Enterprise Size

10.5.7.4.4 Rest of MEA IoT Market, By Application

10.6 South America (SAM): IoT Market

10.6.1 Overview

10.6.2 SAM IoT Market - Revenue and Volume Forecast to 2030 (US$ Billion)

10.6.3 SAM IoT Market, By Component

10.6.4 SAM IoT Market, By Software

10.6.5 SAM IoT Market, By Enterprise Size

10.6.6 SAM IoT Market, By Application

10.6.7 SAM IoT Market, by Country

10.6.7.1 Brazil IoT Market - Revenue and Forecast to 2030

10.6.7.1.1 Brazil IoT Market, By Component

10.6.7.1.2 Brazil IoT Market, By Software

10.6.7.1.3 Brazil IoT Market, By Enterprise Size

10.6.7.1.4 Brazil IoT Market, By Application

10.6.7.2 Argentina IoT Market - Revenue and Forecast to 2030

10.6.7.2.1 Argentina IoT Market, By Component

10.6.7.2.2 Argentina IoT Market, By Software

10.6.7.2.3 Argentina IoT Market, By Enterprise Size

10.6.7.2.4 Argentina IoT Market, By Application

10.6.7.3 Rest of SAM IoT Market - Revenue and Forecast to 2030

10.6.7.3.1 Rest of SAM IoT Market, By Component

10.6.7.3.2 Rest of SAM IoT Market, By Software

10.6.7.3.3 Rest of SAM IoT Market, By Enterprise Size

10.6.7.3.4 Rest of SAM IoT Market, By Application

11. IoT Market - COVID-19 Impact Analysis

11.1 Overview

11.2 North America: Impact Assessment of COVID-19 Pandemic

11.3 Europe: Impact Assessment of COVID-19 Pandemic

11.4 APAC: Impact Assessment of COVID-19 Pandemic

11.5 MEA: Impact Assessment of COVID-19 Pandemic

11.6 SAM: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Product Development

12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Amazon Web Services Inc

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Cisco Systems Inc

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Google LLC

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Software AG

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 International Business Machines Corp

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Intel Corp

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Microsoft Corp

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Oracle Corp

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Siemens AG

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 SAP SE

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. Global IoT Market Revenue and Forecast to 2030 (US$ Billion)

Table 2. North America IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 3. North America IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 4. North America IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 5. North America IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 6. US IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 7. US IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 8. US IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 9. US IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 10. Canada IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 11. Canada IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 12. Canada IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 13. Canada IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 14. Mexico IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 15. Mexico IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 16. Mexico IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 17. Mexico IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 18. Europe IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 19. Europe IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 20. Europe IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 21. Europe IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 22. Germany IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 23. Germany IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 24. Germany IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 25. Germany IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 26. France IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 27. France IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 28. France IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 29. France IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 30. Italy IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 31. Italy IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 32. Italy IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 33. Italy IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 34. UK IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 35. UK IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 36. UK IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 37. UK IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 38. Russia IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 39. Russia IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 40. Russia IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 41. Russia IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 42. Sweden IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 43. Sweden IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 44. Sweden IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 45. Sweden IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 46. Belgium IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 47. Belgium IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 48. Belgium IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 49. Belgium IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 50. Netherlands IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 51. Netherlands IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 52. Netherlands IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 53. Netherlands IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 54. Switzerland IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 55. Switzerland IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 56. Switzerland IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 57. Switzerland IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 58. Rest of Europe IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 59. Rest of Europe IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 60. Rest of Europe IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 61. Rest of Europe IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 62. Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 63. Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 64. Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 65. Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 66. Australia IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 67. Australia IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 68. Australia IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 69. Australia IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 70. China IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 71. China IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 72. China IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 73. China IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 74. India IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 75. India IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 76. India IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 77. India IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 78. Japan IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 79. Japan IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 80. Japan IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 81. Japan IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 82. South Korea IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 83. South Korea IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 84. South Korea IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 85. South Korea IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 86. Indonesia IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 87. Indonesia IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 88. Indonesia IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 89. Indonesia IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 90. Singapore IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 91. Singapore IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 92. Singapore IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 93. Singapore IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 94. Malaysia IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 95. Malaysia IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 96. Malaysia IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 97. Malaysia IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 98. Thailand IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 99. Thailand IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 100. Thailand IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 101. Thailand IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 102. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 103. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 104. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 105. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 106. MEA IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 107. MEA IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 108. MEA IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 109. MEA IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 110. South Africa IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 111. South Africa IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 112. South Africa IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 113. South Africa IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 114. Saudi Arabia IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 115. Saudi Arabia IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 116. Saudi Arabia IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 117. Saudi Arabia IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 118. UAE IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 119. UAE IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 120. UAE IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 121. UAE IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 122. Rest of MEA IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 123. Rest of MEA IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 124. Rest of MEA IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 125. Rest of MEA IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 126. SAM IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 127. SAM IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 128. SAM IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 129. SAM IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 130. Brazil IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 131. Brazil IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 132. Brazil IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 133. Brazil IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 134. Argentina IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 135. Argentina IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 136. Argentina IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 137. Argentina IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 138. Rest of SAM IoT Market - Revenue and Forecast to 2030 – By Component (US$ Billion)

Table 139. Rest of SAM IoT Market - Revenue and Forecast to 2030 – By Software (US$ Billion)

Table 140. Rest of SAM IoT Market - Revenue and Forecast to 2030 – By Enterprise Size (US$ Billion)

Table 141. Rest of SAM IoT Market - Revenue and Forecast to 2030 – By Application (US$ Billion)

Table 142. List of Abbreviation

LIST OF FIGURES

Figure 1. IoT Market Segmentation

Figure 2. IoT Market Segmentation – By Geography

Figure 3. Global IoT Market Overview

Figure 4. IoT Market, by Component

Figure 5. IoT Market, by Software

Figure 6. IoT Market, by Enterprise Size

Figure 7. IoT Market, by Geography

Figure 8. North America – PEST Analysis

Figure 9. Europe – PEST Analysis

Figure 10. APAC – PEST Analysis

Figure 11. MEA – PEST Analysis

Figure 12. SAM – PEST Analysis

Figure 13. IoT Market- Ecosystem Analysis

Figure 14. Expert Opinion

Figure 15. IoT Market: Impact Analysis of Drivers and Restraints

Figure 16. Geographic Overview of IoT Market

Figure 17. Global IoT Market Revenue and Forecast (US$ Billion)

Figure 18. Global IoT Market Volume and Forecast (Unit Billion)

Figure 19. IoT Market Revenue Share, by Component (2022 and 2030)

Figure 20. Hardware: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 21. Software: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 22. Device Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 23. Application Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 24. Data Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 25. Network Management: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 26. Service: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 27. IoT Market Revenue Share, by Enterprise Size (2022 and 2030)

Figure 28. Large Enterprises: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 29. SMEs: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 30. IoT Market Revenue Share, by Application (2022 and 2030)

Figure 31. Building & Automation: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 32. Smart Energy & Utilities: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 33. Smart Manufacturing: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 34. Connected Logistics: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 35. Smart Mobility and Transportation: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 36. Banking & Financial Services: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 37. Aerospace & Defense: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 38. Others: IoT Market – Revenue and Forecast to 2030 (US$ Billion)

Figure 39. Global IoT Market, by Region, 2022 & 2030 (%)

Figure 40. North America IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 41. North America IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 42. North America IoT Market, By Component, 2022 & 2030 (%)

Figure 43. North America IoT Market, By Software, 2022 & 2030 (%)

Figure 44. North America IoT Market, By Enterprise Size, 2022 & 2030 (%)

Figure 45. North America IoT Market, By Application, 2022 & 2030 (%)

Figure 46. North America IoT Market, by Country, 2022 & 2030 (%)

Figure 47. US IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 48. US IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 49. Canada IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 50. Canada IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 51. Mexico IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 52. Mexico IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 53. Europe IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 54. Europe IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 55. Europe IoT Market, By Component, 2022 & 2030 (%)

Figure 56. Europe IoT Market, By Software, 2022 & 2030 (%)

Figure 57. Europe IoT Market, By Enterprise Size, 2022 & 2030 (%)

Figure 58. Europe IoT Market, By Application, 2022 & 2030 (%)

Figure 59. Europe IoT Market, by Country, 2022 & 2030 (%)

Figure 60. Germany IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 61. Germany IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 62. France IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 63. France IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 64. Italy IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 65. Italy IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 66. UK IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 67. UK IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 68. Russia IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 69. Russia IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 70. Sweden IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 71. Sweden IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 72. Belgium IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 73. Belgium IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 74. Netherlands IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 75. Netherlands IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 76. Switzerland IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 77. Switzerland IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 78. Rest of Europe IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 79. Rest of Europe IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 80. Asia Pacific IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 81. Asia Pacific IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 82. Asia Pacific IoT Market, By Component, 2022 & 2030 (%)

Figure 83. Asia Pacific IoT Market, By Software, 2022 & 2030 (%)

Figure 84. Asia Pacific IoT Market, By Enterprise Size, 2022 & 2030 (%)

Figure 85. Asia Pacific IoT Market, By Application, 2022 & 2030 (%)

Figure 86. Asia Pacific IoT Market, by Country, 2022 & 2030 (%)

Figure 87. Australia IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 88. Australia IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 89. China IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 90. China IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 91. India IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 92. India IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 93. Japan IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 94. Japan IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 95. South Korea IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 96. South Korea IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 97. Indonesia IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 98. Indonesia IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 99. Singapore IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 100. Singapore IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 101. Malaysia IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 102. Malaysia IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 103. Thailand IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 104. Thailand IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 105. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 106. Rest of Asia Pacific IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 107. MEA IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 108. MEA IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 109. MEA IoT Market, By Component, 2022 & 2030 (%)

Figure 110. MEA IoT Market, By Software, 2022 & 2030 (%)

Figure 111. MEA IoT Market, By Enterprise Size, 2022 & 2030 (%)

Figure 112. MEA IoT Market, By Application, 2022 & 2030 (%)

Figure 113. MEA IoT Market, by Country, 2022 & 2030 (%)

Figure 114. South Africa IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 115. South Africa IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 116. Saudi Arabia IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 117. Saudi Arabia IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 118. UAE IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 119. UAE IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 120. Rest of MEA IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 121. Rest of MEA IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 122. SAM IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 123. SAM IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 124. SAM IoT Market, By Component, 2022 & 2030 (%)

Figure 125. SAM IoT Market, By Software, 2022 & 2030 (%)

Figure 126. SAM IoT Market, By Enterprise Size, 2022 & 2030 (%)

Figure 127. SAM IoT Market, By Application, 2022 & 2030 (%)

Figure 128. SAM IoT Market, by Country, 2022 & 2030 (%)

Figure 129. Brazil IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 130. Brazil IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 131. Argentina IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 132. Argentina IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 133. Rest of SAM IoT Market - Revenue and Forecast to 2030 (US$ Billion)

Figure 134. Rest of SAM IoT Market - Volume and Forecast to 2030 (Unit Billion)

Figure 135. Impact of COVID-19 Pandemic on North America Country Markets

Figure 136. Impact of COVID-19 Pandemic on Europe Country Markets

Figure 137. Impact of COVID-19 Pandemic on APAC Country Markets

Figure 138. Impact of COVID-19 Pandemic on MEA Country Markets

Figure 139. Impact of COVID-19 Pandemic on SAM Country Markets

The List of Companies - IoT Market

  1. Amazon Web Services Inc
  2. Cisco Systems Inc
  3. Google LLC
  4. Software AG
  5. International Business Machines Corp
  6. Intel Corp
  7. Microsoft Corp
  8. Oracle Corp
  9. Siemens AG
  10. SAP SE

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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