Outlook on the global Internet of Things market to 2029

DUBLIN, April 4, 2022 /PRNewswire/ — The “Internet of Things Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021 to 2029” Report has been added to ResearchAndMarkets.com offering.

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The purpose of this strategic research study is to provide industry investors, company executives, and industry participants with insights to enable them to make informed strategic decisions related to opportunities in the global Internet of Things market.

The report offers strategic insights on the global Internet of Things market along with market size and estimations for the duration from 2019 to 2029. Such research study covers in-depth analysis of multiple market segments based on type, software, the service and the end user. vertical and transversal study through different geographies. To aid strategic decision makers, the report also includes competitive profiles of leading Internet of Things hardware and service providers, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the next attractive markets within the Internet of Things market

  • Market drivers, market impediments and their impact on market growth.

  • Deep analysis of the competitive environment

  • Ecosystem analysis

  • SRC Analysis (Segment-Region-Country)

IoT has become a mainstream technology in the IT industry, used to connect all smart objects through an integrated network over the Internet. This allows end users to control and monitor connected devices and processes in real time. Expand the application areas of IoT technology, especially in the health, automotive and transportation sectors, driving market growth worldwide. In addition, the implementation of digital solutions to transform existing business processes into connected demand for IoT hardware, solutions and services is anticipated to increase during the forecast period. In contrast, threats associated with privacy and data security impede the acceptance of connected devices to some extent. This, in turn, is hampering the growth of the Internet of Things market.

This report analyzes the global Internet of Things market in terms of type, software, service, end-user vertical, and geography. The global Internet of Things market has been segmented based on type into hardware, software, and service. The software segment is subdivided into data management software, security software, analysis software, communication software, and other software. Based on services, the market is bifurcated into consulting, implementation and integration, operations management, repair and maintenance, and other services. On the basis of end-user vertical, the global Internet of Things market is segmented into consumer vertical and B2B vertical. The B2B vertical segment is further sub-segmented into the Public Sector, Retail, BFSI, Healthcare, Manufacturing, Energy & Utilities, IT & Telecom, and Transportation sectors. Global Internet of Things Market covers major geographies such as North America, Europe, Pacific Asiaand Rest of the World.

Based on the deployment model, the global Internet of Things market is categorized into the following sub-segments:

Currently, the local segment dominates the global Internet of Things market, holding more than half of the market share. However, by the end of 2029, the cloud-based deployment model segment is projected to emerge as the largest sub-segment driven by the growing inclination of enterprises towards cloud computing technology to reduce the costs associated with cloud computing. IT infrastructure. This is further encouraging IoT solution providers to introduce industry-specific cloud-based IoT platforms and solutions.

On the basis of end-user vertical, the global Internet of Things market is categorized into the following segments:

  • Upright Consumer

  • B2B Verticals

  • Public sector

  • Retail sale

  • BFSI

  • Health care

  • Manufacturing

  • Energy and utilities

  • IT and telecommunications

  • Transport

As of 2020, the global Internet of Things market was dominated by the B2B end-user segment. The B2B end-user segment accounted for more than three-quarters of the global Internet of Things market revenue in the same year. According to B2B, manufacturing end-user was the largest sub-segment in 2020, making up more than 1/3 of overall B2B segment revenue. The rise of Industrial IoT is transforming the way manufacturers run production processes using various smart factory systems and solutions. The Internet of Things in Healthcare market is projected to expand at the highest CAGR during the forecast period. The increasing deployment of clinical trial tracking systems, remote patient monitoring systems and telemedicine solutions is increasing the acceptance of IoT technologies in the industry.

Based on the service, the global Internet of Things market is categorized into the following sub-segments:

Among services, implementation and integration was the largest sub-segment, making up more than 40% of the overall market in 2020. The demand for implementation and integration services is increasing at a significant rate as end-user verticals increasingly implement more intelligent machines and systems. and smart sensors. Additionally, the operations management services sub-segment is anticipated to show the fastest growth in terms of revenue during the forecast period. This growth is primarily due to the increasing digitization of business processes in large and mid-sized companies across major end-user verticals.

On the basis of software, the global Internet of Things market is categorized into the following sub-segments:

  • Data management

  • Security

  • Analytics

  • Communication

  • other software

As of 2020, security software was the largest sub-segment among all types of software in the global Internet of Things market, accounting for 1/3 of overall segment revenue. Furthermore, the sub-segment is expected to remain dominant during the forecast period. The growing threat of cyber attacks is encouraging major end users, especially the telecom and BFSI sectors, to implement advanced security software. Additionally, communication software is projected to expand at the highest CAGR from 2021 to 2029 driven by continued advances and innovations in networking technologies and the growing adoption of LTE and small cell technology around the world.

On the basis of geography, the global Internet of Things market is segmented into the following regions and countries.

  • North America

  • us

  • Canada

  • Europe

  • United Kingdom

  • France

  • Germany

  • The rest of Europe

  • Pacific Asia

  • Japan

  • China

  • India

  • The rest of Pacific Asia

  • Rest of the world

  • Latin America

  • middle East and Africa

In 2020, North America was the largest regional market with more than 30% market share, followed by Pacific Asia. On North America, the US is a significant market for providers of IoT hardware, solutions, and services. Major end-user industries such as the nation’s manufacturing and public sectors are increasingly investing in IoT technologies and solutions to improve business productivity and services for citizens. However, the market in Pacific Asia it is expected to grow at a faster CAGR due to the introduction of a favorable government initiative that supports the deployment of IoT technologies in the manufacturing, energy and utilities, and public sectors. Further, Pacific Asia is projected to exceed North America in revenue terms by 2029.

Key Topics Covered:

1. Preface

2. Executive Summary

3. Market Dynamics: Internet of Things
3.1. Introduction
3.1.1. Global Internet of Things Market Revenue and YoY Growth, 2019 – 2029
3.2. market dynamics
3.2.1. market indicators
3.2.2. restrictions
3.2.3. Impact analysis of market drivers and restraints
3.3. Ecosystem analysis
3.4. Market positioning of key players

4. Market Tilt Insights: Internet of Things
4.1. Overview
4.1.1. Evolution of the Internet of Things
4.1.2. market ecosystem
4.1.3. Key trend analysis

5. Global Internet of Things Market Revenue, By Type, 2019 – 2029 (US$ Bn)
5.1. Hardware (Smart System, Smart Devices, etc.)
5.2. software
5.3. Service

6. Global Internet of Things Market Revenue, By Software, 2019 – 2029 (US$ Bn)
6.1. data management software
6.2. security software
6.3. analysis software
6.4. communication software
6.5. other software

7. Global Internet of Things Market Revenue, By Service, 2019 – 2029 (US$ Bn)
7.1. Consultant
7.2. Implementation and Integration
7.3. Operation management
7.4. Repair and Maintenance
7.5. Other services

8. Global Internet of Things Market Revenue, By Deployment Model, 2019 – 2029 (US$ Bn)
8.1. On the premise
8.2. cloud based

9. Global Internet of Things Market Revenue, By End-User Vertical, 2019 – 2029 (US$Bn)
9.1. Upright Consumer
9.2. B2B Verticals
9.2.1. Public sector
9.2.2. Retail sale
9.2.3. BFSI
9.2.4. Health care
9.2.5. Manufacturing
9.2.6. Energy and utilities
9.2.7. IT and telecommunications
9.2.8. Transport

10. North America Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)

11. Europe Internet of Things Market Analysis, 2019 – 2029 (Billion US Dollars)

12. Asia Pacific Internet of Things Market Analysis, 2019 – 2029 (US$ Bn)

13. Analysis of the Internet of Things market in the rest of the world, 2019 – 2029 (US$ Bn)

14. Competitive Landscape
14.1. Market Dashboard
14.2. market structure
14.3. Main strategies adopted by the main market players

15. Company profiles
15.1. IBM Corporation
15.2. Cisco Systems, Inc.
15.3. Google Corporation.
15.4. Hewlett-Packard Company
15.5. Microsoft Corporation
15.6. Accenture PLCs
15.7. Oracle Corporation
15.8. SAP SE
15.9. General Electric (GE)
15.10. Telefonica S.A.

For more information on this report, visit https://www.researchandmarkets.com/r/idqnsu

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