Internet Of Things (iot) Technology Market
Internet Of Things (iot) Technology Market - Global Industry Assessment & Forecast
Segments Covered
- By Node Component Processor, Connectivity IC, Memory Device, Sensor, Logic Device
- By Software Solution Data Management, Real-Time Streaming Analytics, Network Bandwidth Management, Remote Monitoring, Security Solution
- By Platform Device Management, Application Management, Network Management
- By Service Professional Services, Managed Services
- By End-use Healthcare, Automotive & Transportation, Building Automation, Manufacturing, Retail, BFSI, Oil & Gas, Agriculture, Aerospace & Defense, Wearable Devices, Consumer Electronics
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 406.36 Billion |
Revenue 2030: | USD 652.58 Billion |
Revenue CAGR (2023 - 2030): | 6.10% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Internet Of Things (iot) Technology Market by Node Component by Software Solution by Platform by Service by End-use by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Internet Of Things (iot) Technology market.
FAQ
Frequently Asked Question
What is the global demand for Internet Of Things (iot) Technology in terms of revenue?
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The global Internet Of Things (iot) Technology valued at USD 406.36 Billion in 2022 and is expected to reach USD 652.58 Billion in 2030 growing at a CAGR of 6.10%.
Which are the prominent players in the market?
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The prominent players in the market are Intel Corporation (US), Qualcomm Technologies (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), IBM (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft Corporation (US), PTC (US), Amazon Web Services (AWS) (US).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Internet Of Things (iot) Technology include
- Emergence of 5G communications technology
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Internet Of Things (iot) Technology in 2022.