조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년05월
IoT Technology Market – Global Forecast To 2029
IoT 테크놀로지 시장 : 노드 구성 요소(센서, 메모리 장치, 연결 IC, 프로세서, 로직 장치), 소프트웨어 솔루션(원격 모니터링, 데이터 관리), 플랫폼, 서비스, 최종 사용, 지역별 – 2029년까지의 세계 예측
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
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Report Overview
The IoT technology market is projected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, registering a CAGR of 7.8% during the forecast period.
IoT 테크놀로지 시장은 2024년 9,456억 달러에서 2029년까지 1조 3,778억 달러로 성장하여 예측 기간 동안 CAGR 7.8%를 기록할 것으로 예상됩니다.
Some of the major factors driving the growth of the IoT technology market include increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and higher adoption of IPv6. However, interoperability challenges and lack of common standards act as a challenge for the market in the future. The major growth opportunities for the market players are increased potential for the incorporation of IoT in electric and hybrid vehicles and accelerated IoT adoption in the healthcare sector.
“Market for consumer segment expected to account for the largest share during the forecast period.”
The consumer segment of the IoT technology market is expected to witness the largest share during the forecast period. The consumer end-use application includes wearable devices and consumer electronics. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.
“Data management segment expected to account for the largest share during the forecast period.”
The IoT technology market’s data management segment is expected to witness the largest share during the forecast period. With the increasing number of connected devices, the volume of data being generated is increasing. These data can be used to gain valuable insights and improve efficiencies through analysis. Data are crucial in every sector, and managing data is of utmost importance to understand the pattern and develop logical information out of it. IBM (US), SAP (Germany), and Oracle (US) are developing data management solutions to provide ease of information to various sectors for future decisions. Therefore, to manage these data, organizations require software solutions featured with analytics to easily handle these data and derive various useful patterns. Data management solution is the most important software solution in the IoT segment as IoT devices produce an enormous amount of data that is challenging for providers to deal with. Organizations require data management solutions to manage structured and unstructured data to generate insights from the huge amount of data. Data mining, data management, and data analytics techniques are used to make data useful and relevant.
“North America accounted for the largest market share among other regions in 2023.”
In 2023, North America accounted for the largest share of the IoT technology market. The North American market for loT technology is expanding as a result of rising internet penetration in technologically advanced economies and expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The primary drivers of the market’s expansion in this region are an established IT infrastructure and the early acceptance of different IoT-enabled products across a range of end-use applications.
In determining and verifying the market size for several segments and subsegments gathered through extensive secondary research, primary interviews have been conducted with key industry experts in the IoT technology market.
The break-up of primary participants for the report has been shown below:
- By company type: Tier 1 – 38%, Tier 2 – 28%, and Tier 3 – 34%
- By designation: C-Level Executives – 40%, Managers – 30%, and Others – 30%
- By region: North America – 35%, Europe – 20%, Asia Pacific – 35%, and RoW – 10%
The report profiles key players in the IoT technology market with their respective market ranking analyses. Prominent players profiled in this report Intel Corporation (US), Qualcomm (US), Texas Instruments Incorporated (US), Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM (US), STMicroelectronics (Switzerland), Microsoft, PTC Inc. (US), and Amazon Web Services (US), among others.
Research Coverage
This research report categorizes the IoT technology market based on technology, end-user industry, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IoT technology market and forecasts the same till 2029. The report also consists of leadership mapping and analysis of companies in the IoT technology ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall IoT technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (emergence of 5G communications technology, Increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and higher adoption of IPv6), restraints (data security and privacy concerns), opportunities (cross-domain collaborations, government incentives and aids for development of IoT technologies, accelerated IoT adoption in the healthcare sector, increased potential for the incorporation of IoT in electric and hybrid vehicles, and rise in the development of smart cities), and challenges (interoperability challenges and lack of common standards, high power consumption by wireless sensor terminals/connected devices, lack of IoT-related skills and technical expertise) influencing the growth of the IoT technology market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT technology market
• Market Development: Comprehensive information about lucrative markets – the report analyses the IoT technology market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT technology market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/service offerings of leading players like Intel Corporation, Qualcomm, Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, IBM, STMicroelectronics, Microsoft, PTC Inc., and Amazon Web Services, among others in the IoT technology market.
Table of Contents
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.3 STUDY SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 IOT TECHNOLOGY MARKET: SEGMENTATION 34
1.3.2 INCLUSIONS AND EXCLUSIONS 35
1.3.3 REGIONAL SCOPE 36
1.3.4 YEARS CONSIDERED 36
1.4 CURRENCY CONSIDERED 36
1.5 CURRENCY CONSIDERED 37
1.6 LIMITATIONS 37
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 38
1.9 SRECESSION IMPACT 39
FIGURE 2 GDP GROWTH PROJECTION FOR MAJOR ECONOMIES, 2021–2023 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH APPROACH 40
FIGURE 3 IOT TECHNOLOGY MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 List of major secondary sources 42
2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 42
2.1.2.1 List of key participants for primary interviews 43
2.1.2.2 Key industry insights 43
2.1.2.3 Key data from primary sources 44
2.1.2.4 Breakdown of primaries 44
2.1.3 SECONDARY AND PRIMARY RESEARCH 45
2.2 MARKET SIZE ESTIMATION METHODOLOGY 45
2.2.1 BOTTOM-UP APPROACH 46
2.2.1.1 Approach to estimate market size using bottom-up analysis 46
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach to estimate market size using top-down analysis 47
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 48
2.3 DATA TRIANGULATION 48
FIGURE 6 DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 49
2.5 IMPACT OF RECESSION 49
2.6 RESEARCH LIMITATIONS 50
2.7 RISK ASSESSMENT 50
3 EXECUTIVE SUMMARY 51
FIGURE 7 PROCESSORS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 51
FIGURE 8 REMOTE MONITORING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 52
FIGURE 9 CONSUMER SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029 53
FIGURE 10 IOT TECHNOLOGY MARKET, BY REGION, 2023 53
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN IOT TECHNOLOGY MARKET 55
FIGURE 11 INCREASING DEMAND FROM AUTOMOTIVE & TRANSPORTATION SECTOR TO FUEL MARKET GROWTH 55
4.2 IOT TECHNOLOGY MARKET, BY SERVICE 56
FIGURE 12 MANAGED SERVICES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 56
4.3 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION 56
FIGURE 13 AEROSPACE & DEFENSE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 56
4.4 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION AND COUNTRY 57
FIGURE 14 AUTOMOTIVE & TRANSPORTATION AND US HELD LARGEST SHARES OF NORTH AMERICA IOT MARKET IN 2023 57
4.5 IOT TECHNOLOGY MARKET, BY COUNTRY 57
FIGURE 15 CHINA TO DOMINATE GLOBAL IOT TECHNOLOGY MARKET FROM 2024 TO 2029 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 59
FIGURE 16 IOT TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 59
5.2.1.1 Global rise in internet penetration 59
FIGURE 17 GLOBAL INTERNET PENETRATION TILL 2024, BY REGION 60
5.2.1.2 Growing adoption of cloud platforms 60
5.2.1.3 Proliferation of wireless sensor networks 61
5.2.1.4 Increasing adoption of IPv6 61
FIGURE 18 ADOPTION RATE OF IPV6, BY COUNTRY, 2023 62
FIGURE 19 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS 62
5.2.2 RESTRAINTS 63
5.2.2.1 Data security and privacy concerns 63
FIGURE 20 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS 63
5.2.3 OPPORTUNITIES 64
5.2.3.1 Increasing cross-domain collaborations 64
FIGURE 21 CROSS-DOMAIN COLLABORATIONS USING IOT 64
5.2.3.2 Government-led funding to develop IoT research projects 64
5.2.3.3 Emergence of connected care in healthcare sector 65
5.2.3.4 Increasing demand for HEVs and EVs 66
5.2.3.5 Growing safety concerns with rising urbanization 66
FIGURE 22 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 67
5.2.4 CHALLENGES 67
5.2.4.1 Interoperability challenges and lack of common standards 67
5.2.4.2 High power consumption by wireless sensor terminals/connected devices 68
5.2.4.3 Lack of skilled professionals 68
FIGURE 23 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES 68
5.3 VALUE CHAIN ANALYSIS 69
FIGURE 24 IOT TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS 69
5.3.1 R&D ENGINEERS 69
5.3.2 RAW MATERIAL AND COMPONENT SUPPLIERS 70
5.3.3 SOFTWARE SOLUTION PROVIDERS 70
5.3.4 IOT SYSTEM INTEGRATORS 70
5.3.5 SUPPLIERS AND DISTRIBUTORS 70
5.3.6 END USERS 70
5.4 ECOSYSTEM ANALYSIS 71
FIGURE 25 IOT TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS 71
TABLE 1 ROLES OF COMPANIES IN IOT TECHNOLOGY ECOSYSTEM 71
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 73
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 73
5.6 TECHNOLOGY ANALYSIS 73
5.6.1 KEY TECHNOLOGIES 73
5.6.1.1 Integration of AI with IoT 73
5.6.1.2 Integration of ML with IoT 73
5.6.2 COMPLEMENTARY TECHNOLOGIES 74
5.6.2.1 Digital twin 74
5.6.3 ADJACENT TECHNOLOGIES 74
5.6.3.1 Edge computing 74
5.6.3.2 Wi-Fi 74
5.6.3.3 Cloud computing 74
5.6.3.4 Big data analytics 75
5.7 PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 27 IOT TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 76
TABLE 2 IOT TECHNOLOGY MARKET: PORTER’S FIVE FORCES 76
5.7.1 THREAT OF NEW ENTRANTS 77
5.7.2 THREAT OF SUBSTITUTES 77
5.7.3 BARGAINING POWER OF SUPPLIERS 77
5.7.4 BARGAINING POWER OF BUYERS 77
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 78
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION 78
TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%) 78
5.8.2 BUYING CRITERIA 79
FIGURE 29 KEY BUYING CRITERIA, BY END-USE APPLICATION 79
TABLE 4 KEY BUYING CRITERIA, BY END-USE APPLICATION 79
5.9 CASE STUDY ANALYSIS 80
5.9.1 SOLULAB INC. ASSISTED ENMATRIX TO DEVELOP IOT MOBILE APPLICATION FOR SMART BUILDINGS AND YACHT MANAGEMENT 80
5.9.2 SOLULAB INC. HELPED GEARNETICS TO DEVELOP ADVANCED IOT FLEET MANAGEMENT SOLUTIONS 81
5.9.3 SANXING AND TELENOR CONNEXION FACILITATED LEADING SWEDISH ENERGY SUPPLIER TO IMPLEMENT IOT-BASED METERING SOLUTION FOR CONNECTING SMART METERS 81
5.9.4 ISA MINIMIZED EQUIPMENT BREAKDOWN WITH IOT-ENABLED PREDICTIVE MAINTENANCE SOLUTION 82
5.9.5 TELENOR ASSISTED SWEGON IN IMPLEMENTING IOT-BASED CLIMATE CONTROL SYSTEMS 83
5.10 TARIFF, STANDARD, AND REGULATORY LANDSCAPE 84
TABLE 5 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY US 84
TABLE 6 MFN TARIFF RELATED TO HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY CHINA 84
TABLE 7 STANDARDS FOR IOT TECHNOLOGY MARKET 85
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
5.11 PRICING ANALYSIS 90
5.11.1 INDICATIVE PRICING TREND, BY NODE COMPONENT 90
TABLE 12 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2023 (USD) 90
FIGURE 30 INDICATIVE PRICING TREND OF NODE COMPONENTS, 2020–2029 (USD) 90
5.11.2 INDICATIVE PRICING TREND OF KEY PLAYERS, BY NODE COMPONENT, 2023 91
FIGURE 31 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023 91
TABLE 13 INDICATIVE PRICING TREND OF IOT DEVICES OFFERED BY KEY PLAYERS, BY NODE COMPONENT, 2023 (USD) 92
5.11.3 AVERAGE SELLING PRICE TREND, BY REGION 92
FIGURE 32 AVERAGE SELLING PRICE TREND OF LOGIC DEVICES, BY REGION, 2020–2029 (USD) 92
5.12 TRADE ANALYSIS 92
5.12.1 TRADE ANALYSIS FOR HVAC SYSTEMS 92
5.12.1.1 Import scenario (HS code 841510) 93
FIGURE 33 IMPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 93
5.12.1.2 Export scenario (HS code 841510) 94
FIGURE 34 EXPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 94
5.12.2 TRADE ANALYSIS FOR VIDEO SURVEILLANCE SYSTEMS 95
5.12.2.1 Import scenario (HS code 852580) 95
FIGURE 35 IMPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 95
5.12.2.2 Export scenario (HS code 852580) 96
FIGURE 36 EXPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 96
5.12.3 TRADE ANALYSIS FOR FIRE PROTECTION SYSTEMS 96
5.12.3.1 Import scenario (HS code 842410) 97
FIGURE 37 IMPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 97
5.12.3.2 Export scenario (HS code 842410) 98
FIGURE 38 EXPORT DATA FOR HS CODE 842410-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 98
5.13 PATENT ANALYSIS 99
FIGURE 39 NUMBER OF PATENTS APPLIED AND GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022 99
TABLE 14 LIST OF MAJOR PATENTS APPLIED/GRANTED RELATED TO IOT TECHNOLOGY, 2013–2022 100
TABLE 15 PATENT REGISTRATIONS RELATED TO IOT TECHNOLOGY, 2022–2023 101
5.14 KEY CONFERENCES AND EVENTS, 2024–2025 102
TABLE 16 IOT TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 102
5.15 INVESTMENT AND FUNDING SCENARIO 104
FIGURE 40 GLOBAL VENTURE-CAPITAL INVESTMENT IN IOT STARTUPS (USD BILLION) 104
6 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION 105
6.1 INTRODUCTION 106
FIGURE 41 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION 106
FIGURE 42 REMOTE MONITORING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 106
TABLE 17 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 107
TABLE 18 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 107
6.2 REAL-TIME STREAMING ANALYTICS 108
6.2.1 ABILITY TO ANALYZE DATA GENERATED IN DIFFERENT FORMATS IN REAL TIME TO BOOST DEMAND 108
6.3 SECURITY SOLUTIONS 108
6.3.1 RISING NEED TO SECURE NETWORK OF CONNECTED DEVICES TO FUEL MARKET GROWTH 108
6.4 DATA MANAGEMENT 108
6.4.1 RISING NEED TO UNDERSTAND DATA PATTERNS AND DEVELOP LOGICAL INFORMATION TO BOOST DEMAND 108
6.5 REMOTE MONITORING 109
6.5.1 RISING DEPLOYMENT IN SMART GRIDS, PIPELINE SENSORS, AND SERVER MONITORING TO FOSTER SEGMENTAL GROWTH 109
6.6 NETWORK BANDWIDTH MANAGEMENT 109
6.6.1 ABILITY TO INCREASE NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION TO DRIVE MARKET 109
7 IOT TECHNOLOGY MARKET, BY PLATFORM 110
7.1 INTRODUCTION 111
FIGURE 43 IOT TECHNOLOGY MARKET, BY PLATFORM 111
FIGURE 44 NETWORK MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 111
TABLE 19 IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 112
TABLE 20 IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 112
7.2 DEVICE MANAGEMENT 113
7.2.1 GROWING REQUIREMENT TO MANAGE ACCESS AND CONTROL OVER IOT DEVICES TO FUEL MARKET GROWTH 113
7.3 APPLICATION MANAGEMENT 113
7.3.1 RISING NEED FOR EFFECTIVE MONITORING AND REMOTE DEVICE MANAGEMENT TO BOOST DEMAND 113
7.4 NETWORK MANAGEMENT 114
7.4.1 ABILITY TO PREVENT NETWORK CRASHES DUE TO HIGH AMOUNT OF DATA TRANSFERS TO DRIVE DEMAND 114
8 IOT TECHNOLOGY MARKET, BY SERVICE 115
8.1 INTRODUCTION 116
FIGURE 45 IOT TECHNOLOGY MARKET, BY SERVICE 116
FIGURE 46 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 116
TABLE 21 IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD MILLION) 117
TABLE 22 IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD MILLION) 117
8.2 PROFESSIONAL SERVICES 118
8.2.1 INCREASING DEMAND FOR CONNECTED DEVICES IN INDUSTRIAL AND TRANSPORTATION SECTORS TO BOOST DEMAND 118
FIGURE 47 PROFESSIONAL SERVICES OFFERED BY IOT 118
8.2.2 BUSINESS PLANNING 118
8.2.3 SYSTEM DESIGN 119
8.2.4 SECURITY 119
8.2.5 SOFTWARE/PLATFORM DEVELOPMENT & INTEGRATION 119
8.2.6 OPERATIONAL SUPPORT AND MAINTENANCE 119
8.2.7 DELIVERY AND DEPLOYMENT 120
8.3 MANAGED SERVICES 120
8.3.1 INCREASING ADOPTION OF OUTSOURCED MANAGED SERVICES TO DRIVE DEMAND 120
FIGURE 48 MANAGED SERVICES OFFERED BY IOT 120
8.3.1.1 Streamline operations 121
8.3.2 OPTIMIZE PERSONNEL 121
8.3.3 MANAGE IOT COSTS 121
8.3.4 ENHANCE VISIBILITY 121
9 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION 122
9.1 INTRODUCTION 123
FIGURE 49 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION 123
TABLE 23 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2020–2023 (USD BILLION) 123
TABLE 24 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2024–2029 (USD BILLION) 123
FIGURE 50 CONSUMER SEGMENT TO HOLD LARGER MARKET SHARE FROM IN 2024 124
TABLE 25 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION) 124
TABLE 26 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION) 125
FIGURE 51 BUILDING AUTOMATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 125
TABLE 27 CONSUMER: IOT TECHNOLOGY MARKET FOR, BY SUB END-USE APPLICATION, 2020–2023 (USD BILLION) 126
TABLE 28 CONSUMER: IOT TECHNOLOGY MARKET, BY SUB END-USE APPLICATION, 2024–2029 (USD BILLION ) 126
9.2 INDUSTRIAL 126
TABLE 29 INDUSTRIAL: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 126
TABLE 30 IOT TECHNOLOGY MARKET FOR INDUSTRIAL, BY NODE COMPONENT, 2024–2029 (USD BILLION) 127
9.2.1 HEALTHCARE 127
9.2.1.1 Growing chronic illness among expanding population to boost demand 127
TABLE 31 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION) 128
TABLE 32 HEALTHCARE: IOT TECHNOLOGY MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION) 128
9.2.1.2 IoT technology-based products used in healthcare sector 129
9.2.1.2.1 Fitness & heart rate monitors 129
9.2.1.2.2 Blood pressure monitors 129
9.2.1.2.3 Blood glucose meters 129
9.2.1.2.4 Continuous glucose monitors 129
9.2.1.2.5 Pulse oximeters 130
9.2.1.2.6 Automated external defibrillators 130
9.2.1.2.7 Programmable syringe pumps 130
9.2.1.2.8 Wearable injectors 130
9.2.1.2.9 Multiparameter monitors 131
9.2.1.2.10 Fall detectors 131
9.2.1.2.11 Smart pill dispensers 131
9.2.1.2.12 Gateways 131
9.2.2 AUTOMOTIVE & TRANSPORTATION 131
9.2.2.1 Increasing demand for connected automobile services to drive market 131
TABLE 33 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 132
TABLE 34 AUTOMOTIVE & TRANSPORTATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 132
9.2.2.2 IoT technology-based products used in automotive & transportation sector 132
9.2.2.2.1 Connected cars 132
9.2.2.2.1.1 Level 1 – Driver Assistance 133
9.2.2.2.1.2 Level 2 – Partial Automation 133
9.2.2.2.1.3 Level 3 – Conditional Automation 134
9.2.2.2.1.4 Level 4 – High Automation 134
9.2.2.2.2 Ultrasonic sensors 134
9.2.2.2.3 Camera/Image sensors 135
9.2.2.2.4 Radars 135
9.2.2.2.5 LiDAR 135
9.2.2.2.6 Infrared detectors 135
9.2.2.3 In-car infotainment 135
9.2.2.4 Traffic management 135
9.2.2.4.1 Vehicle detection sensors 135
9.2.2.4.2 Pedestrian presence sensors 136
9.2.2.4.3 Speed sensors 136
9.2.2.4.4 Thermal cameras 136
9.2.2.4.5 Automated incident detection cameras 136
9.2.2.5 Public transport/Mass transit 136
9.2.2.6 E-tolls 136
9.2.2.7 Gateways 136
9.2.3 BUILDING AUTOMATION 137
9.2.3.1 Increased awareness regarding energy conservation to boost demand 137
TABLE 35 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION) 137
TABLE 36 BUILDING AUTOMATION: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION) 137
9.2.3.2 IoT technology-based products used in building automation sector 138
9.2.3.2.1 Occupancy sensors 138
9.2.3.2.2 Daylight sensors 138
9.2.3.2.3 Smart thermostats 138
9.2.3.2.4 IP cameras 139
9.2.3.2.5 Smart meters 139
9.2.3.2.6 Smart locks 139
9.2.3.2.7 Smoke detectors 139
9.2.3.2.8 Gateways 139
9.2.4 MANUFACTURING 140
9.2.4.1 Adoption of Industry 4.0 & 5.0 principles to boost demand 140
TABLE 37 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 140
TABLE 38 MANUFACTURING: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 141
9.2.4.2 IoT technology-based products used in manufacturing sector 141
9.2.4.2.1 Temperature sensors 141
9.2.4.2.2 Pressure sensors 141
9.2.4.2.3 Level sensors 141
9.2.4.2.4 Flow sensors 142
9.2.4.2.5 Chemical sensors 142
9.2.4.2.6 Humidity sensors 142
9.2.4.2.7 Motion & position sensors 142
9.2.4.2.8 Image sensors 142
9.2.4.2.9 Gateways 143
9.2.5 RETAIL 143
9.2.5.1 Growing popularity of digital signage and intelligent vending machines to fuel market growth 143
TABLE 39 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION) 143
TABLE 40 RETAIL: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION) 144
9.2.5.2 IoT technology-based products used in retail sector 144
9.2.5.2.1 Intelligent vending machines 144
9.2.5.2.2 Contactless checkout 144
9.2.5.2.3 Smart mirrors 144
9.2.5.2.4 Smart shopping carts 145
9.2.5.2.5 Digital signage 145
9.2.5.2.6 Smart tags 145
9.2.5.2.7 Wireless beacons 145
9.2.5.2.8 Gateways 145
9.2.6 BFSI 145
9.2.6.1 Increasing deployment of IoT technology with rising competition in Fintech sector to drive market 145
FIGURE 52 KEY APPLICATION AREAS OF IOT IN BFSI SECTOR 146
TABLE 41 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 146
TABLE 42 BFSI: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 146
9.2.6.2 IoT technology-based products in BFSI sector 146
9.2.6.2.1 Mobile point of sale 146
9.2.6.2.2 Smart kiosk/Interactive kiosk 146
9.2.6.2.3 Gateways 147
9.2.7 OIL & GAS 147
9.2.7.1 Rising convergence of machines and intelligent data to drive market 147
TABLE 43 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD THOUSAND) 147
TABLE 44 OIL & GAS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD THOUSAND) 148
9.2.7.2 IoT technology-based products in oil & gas industry 148
9.2.7.2.1 Temperature sensors 148
9.2.7.2.2 Pressure sensors 148
9.2.7.2.3 Level sensors 148
9.2.7.2.4 Flow sensors 148
9.2.7.2.5 Image sensors 148
9.2.7.2.6 Other sensors 149
9.2.7.2.7 Gateways 149
9.2.8 AGRICULTURE 149
9.2.8.1 Ability to monitor crop status and analyze soil conditions to drive market 149
FIGURE 53 IOT IN AGRICULTURE SECTOR 149
TABLE 45 AGRICULTURE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 150
TABLE 46 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2024–2029 (USD MILLION) 150
9.2.8.2 IoT technology-based products used in agriculture sector 150
9.2.8.2.1 Climate sensors 150
9.2.8.2.2 Soil moisture sensors 150
9.2.8.2.3 Level sensors 150
9.2.8.2.4 Gateways 151
9.2.9 AEROSPACE & DEFENSE 151
9.2.9.1 Rising focus on improving efficiency, passenger safety, security, and experience to boost demand 151
TABLE 47 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 151
TABLE 48 AEROSPACE & DEFENSE: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 151
9.2.9.2 IoT technology-based products used in aerospace & defense sector 152
9.2.9.2.1 Smart baggage tags 152
9.2.9.2.2 Smart beacons 152
9.2.9.2.3 ePassport gates 152
9.2.9.2.4 Drones/Unmanned aerial vehicles 152
9.2.9.2.5 Gateways 153
9.3 CONSUMER 153
TABLE 49 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 153
TABLE 50 CONSUMER: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION) 153
9.3.1 WEARABLE DEVICES 154
9.3.1.1 Escalating demand for smartwatches to boost demand 154
9.3.1.2 IoT technology-based products used in wearable device industry 154
9.3.1.2.1 Activity monitors 154
9.3.1.2.2 Smartwatches 154
9.3.1.2.3 Smart glasses 154
9.3.1.2.4 Body-worn cameras 155
9.3.1.2.5 Panic/SOS buttons 155
9.3.1.2.6 Smart locators 155
9.3.1.2.7 Smart water purifiers 155
9.3.1.2.8 Identity authenticators 155
9.3.1.2.9 Thermal bracelets 155
9.3.1.2.10 Safe driving ingestible pills 155
TABLE 51 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION) 156
TABLE 52 WEARABLE DEVICES: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD BILLION) 156
9.3.2 CONSUMER ELECTRONICS 156
9.3.2.1 Ability to measure and control energy usage to boost demand 156
9.3.2.2 IoT technology-based products used in consumer electronics industry 157
9.3.2.2.1 Smart lighting devices 157
9.3.2.2.2 Smart TVs 157
9.3.2.2.3 Smart washing machines 157
9.3.2.2.4 Smart dryers 157
9.3.2.2.5 Smart refrigerators 158
9.3.2.2.6 Smart ovens 158
9.3.2.2.7 Smart cooktops 158
9.3.2.2.8 Smart cookers 158
9.3.2.2.9 Smart deep freezers 158
9.3.2.2.10 Smart dishwashers 159
9.3.2.2.11 Smart coffee makers 159
9.3.2.2.12 Smart kettles 159
9.3.2.2.13 Gateways 159
TABLE 53 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD BILLION) 160
TABLE 54 CONSUMER ELECTRONICS: IOT TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 160
10 IOT TECHNOLOGY MARKET, BY REGION 162
10.1 INTRODUCTION 163
FIGURE 54 IOT TECHNOLOGY MARKET, BY REGION 163
FIGURE 55 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 164
TABLE 55 IOT TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD BILLION) 164
TABLE 56 IOT TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD BILLION) 164
10.2 NORTH AMERICA 165
10.2.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN NORTH AMERICA 165
FIGURE 56 NORTH AMERICA: IOT TECHNOLOGY MARKET SNAPSHOT 166
TABLE 57 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 166
TABLE 58 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 166
TABLE 59 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 167
TABLE 60 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD BILLION) 167
TABLE 61 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 167
TABLE 62 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 168
TABLE 63 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 168
TABLE 64 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 168
TABLE 65 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION) 168
TABLE 66 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION) 169
10.2.2 US 169
10.2.2.1 Government-led investments to implement IoT solutions to drive market 169
10.2.3 CANADA 169
10.2.3.1 Rising establishment of data centers to fuel market growth 169
10.3 EUROPE 170
10.3.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN EUROPE 170
FIGURE 57 EUROPE: IOT TECHNOLOGY MARKET SNAPSHOT 171
TABLE 67 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 171
TABLE 68 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 172
TABLE 69 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 172
TABLE 70 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION) 172
TABLE 71 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 173
TABLE 72 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 173
TABLE 73 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 173
TABLE 74 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 173
TABLE 75 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION) 174
TABLE 76 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION) 174
10.3.2 UK 174
10.3.2.1 Presence of robust digital infrastructure to fuel market growth 174
10.3.3 GERMANY 175
10.3.3.1 Increased adoption of IoT solutions by automotive and manufacturing sectors to boost demand 175
10.3.4 FRANCE 175
10.3.4.1 Rising demand for portable electronics in various sectors to drive market 175
10.3.5 REST OF EUROPE 176
10.4 ASIA PACIFIC 176
10.4.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ASIA PACIFIC 176
FIGURE 58 ASIA PACIFIC: IOT TECHNOLOGY MARKET SNAPSHOT 177
TABLE 77 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 177
TABLE 78 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 178
TABLE 79 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 178
TABLE 80 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION) 178
TABLE 81 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 179
TABLE 82 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 179
TABLE 83 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 179
TABLE 84 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 179
TABLE 85 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION) 180
TABLE 86 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION) 180
10.4.2 CHINA 180
10.4.2.1 Booming manufacturing sector to drive market 180
10.4.3 JAPAN 181
10.4.3.1 Rising emphasis on developing robotics to boost demand 181
10.4.4 SOUTH KOREA 181
10.4.4.1 Growing R&D for IoT technologies to drive market growth 181
10.4.5 REST OF ASIA PACIFIC 182
10.5 LATIN AMERICA 182
TABLE 87 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 182
TABLE 88 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 183
TABLE 89 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 183
TABLE 90 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION) 183
TABLE 91 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 184
TABLE 92 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 184
TABLE 93 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 184
TABLE 94 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 184
TABLE 95 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION) 185
TABLE 96 LATIN AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION) 185
10.5.1 MEXICO 185
10.5.1.1 Rising preference for new technologies in manufacturing sector to fuel market growth 185
10.5.2 BRAZIL 185
10.5.2.1 Growing demand for smart home devices and wearables to drive market 185
10.5.3 COLOMBIA 186
10.5.3.1 Growing focus on developing manufacturing, construction, and agriculture sectors to boost demand 186
10.5.4 REST OF LATIN AMERICA 186
10.6 ROW 187
10.6.1 RECESSION IMPACT ON IOT TECHNOLOGY MARKET IN ROW 187
TABLE 97 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 187
TABLE 98 ROW: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 187
TABLE 99 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 188
TABLE 100 MIDDLE EAST: IOT TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 188
TABLE 101 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2020–2023 (USD BILLION) 188
TABLE 102 ROW: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2024–2029 (USD MILLION) 188
TABLE 103 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2020–2023 (USD BILLION) 189
TABLE 104 ROW: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2024–2029 (USD BILLION) 189
TABLE 105 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2020–2023 (USD BILLION) 189
TABLE 106 ROW: IOT TECHNOLOGY MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 189
TABLE 107 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2020–2023 (USD BILLION) 190
TABLE 108 ROW: IOT TECHNOLOGY MARKET, BY SERVICE, 2024–2029 (USD BILLION) 190
10.6.2 MIDDLE EAST 190
10.6.2.1 Increasing emphasis on developing IT infrastructure to drive market 190
10.6.2.2 GCC 191
10.6.2.3 Rest of Middle East 191
10.6.3 AFRICA 191
10.6.3.1 Significant development in cellular technologies to drive market 191
11 COMPETITIVE LANDSCAPE 192
11.1 OVERVIEW 192
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 192
TABLE 109 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 192
11.3 REVENUE ANALYSIS, 2019–2023 194
FIGURE 59 IOT TECHNOLOGY MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 194
11.4 MARKET SHARE ANALYSIS, 2023 195
FIGURE 60 IOT TECHNOLOGY MARKET SHARE ANALYSIS, 2023 195
TABLE 110 IOT TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2023 195
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 197
FIGURE 61 IOT TECHNOLOGY MARKET: COMPANY VALUATION, 2024 (USD BILLION) 197
FIGURE 62 IOT TECHNOLOGY MARKET: FINANCIAL METRICS (EV/EBITDA), 2022 198
11.6 BRAND/PRODUCT COMPARISON 198
FIGURE 63 BRAND/PRODUCT COMPARISON 198
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 199
11.7.1 STARS 199
11.7.2 EMERGING LEADERS 199
11.7.3 PERVASIVE PLAYERS 199
11.7.4 PARTICIPANTS 199
FIGURE 64 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 200
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 201
11.7.5.1 Company footprint 201
FIGURE 65 IOT TECHNOLOGY MARKET: COMPANY FOOTPRINT 201
11.7.5.2 Node component footprint 202
TABLE 111 IOT TECHNOLOGY MARKET: NODE COMPONENT FOOTPRINT 202
11.7.5.3 Software solution footprint 203
TABLE 112 IOT TECHNOLOGY MARKET: SOFTWARE SOLUTION FOOTPRINT 203
11.7.5.4 Service footprint 204
TABLE 113 IOT TECHNOLOGY MARKET: SERVICE FOOTPRINT 204
11.7.5.5 End-use application footprint 205
TABLE 114 IOT TECHNOLOGY MARKET: END-USE APPLICATION FOOTPRINT 205
11.7.5.6 Region footprint 206
TABLE 115 IOT TECHNOLOGY MARKET: REGION FOOTPRINT 206
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 207
11.8.1 PROGRESSIVE COMPANIES 207
11.8.2 RESPONSIVE COMPANIES 207
11.8.3 DYNAMIC COMPANIES 207
11.8.4 STARTING BLOCKS 207
FIGURE 66 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 208
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 209
11.8.5.1 List of key startups/SMEs 209
TABLE 116 IOT TECHNOLOGY MARKET: LIST OF KEY STARTUPS/SMES 209
11.8.5.2 Competitive benchmarking of key startups/SMEs 210
TABLE 117 IOT TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 210
11.9 COMPETITIVE SCENARIOS AND TRENDS 211
11.9.1 PRODUCT LAUNCHES 211
TABLE 118 IOT TECHNOLOGY MARKET: PRODUCT LAUNCHES, JANUARY 2022–JANUARY 2024 211
11.9.2 DEALS 214
TABLE 119 IOT TECHNOLOGY MARKET: DEALS, JANUARY 2022–JANUARY 2024 214
11.9.3 EXPANSIONS 216
TABLE 120 IOT TECHNOLOGY MARKET: EXPANSIONS, JANUARY 2022–JANUARY 2024 216
12 COMPANY PROFILES 217
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 217
12.2 KEY PLAYERS 217
12.2.1 INTEL CORPORATION 217
TABLE 121 INTEL CORPORATION: COMPANY OVERVIEW 218
FIGURE 67 INTEL CORPORATION: COMPANY SNAPSHOT 218
TABLE 122 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 123 INTEL CORPORATION: PRODUCT LAUNCHES 221
TABLE 124 INTEL CORPORATION: DEALS 222
12.2.2 QUALCOMM TECHNOLOGIES, INC. 225
TABLE 125 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW 225
FIGURE 68 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT 226
TABLE 126 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 127 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES 228
TABLE 128 QUALCOMM TECHNOLOGIES, INC.: DEALS 230
12.2.3 TEXAS INSTRUMENTS INCORPORATED 233
TABLE 129 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW 233
FIGURE 69 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT 234
TABLE 130 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 131 TEXAS INSTRUMENTS: EXPANSIONS 237
12.2.4 STMICROELECTRONICS 239
TABLE 132 STMICROELECTRONICS: COMPANY OVERVIEW 239
FIGURE 70 STMICROELECTRONICS: COMPANY SNAPSHOT 240
TABLE 133 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 134 STMICROELECTRONICS: PRODUCT LAUNCHES 242
TABLE 135 STMICROELECTRONICS: DEALS 244
12.2.5 IBM 247
TABLE 136 IBM: COMPANY OVERVIEW 247
FIGURE 71 IBM: COMPANY SNAPSHOT 248
TABLE 137 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 138 IBM: PRODUCT LAUNCHES 249
TABLE 139 IBM: DEALS 249
12.2.6 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP 251
TABLE 140 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY OVERVIEW 251
FIGURE 72 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY SNAPSHOT 252
TABLE 141 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 142 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: DEALS 254
TABLE 143 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: EXPANSIONS 254
12.2.7 CISCO SYSTEMS, INC. 255
TABLE 144 CISCO SYSTEMS, INC.: COMPANY OVERVIEW 255
FIGURE 73 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT 256
TABLE 145 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
TABLE 146 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES 258
TABLE 147 CISCO SYSTEMS, INC.: DEALS 259
12.2.8 MICROSOFT 261
TABLE 148 MICROSOFT: COMPANY OVERVIEW 261
FIGURE 74 MICROSOFT: COMPANY SNAPSHOT 262
TABLE 149 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 150 MICROSOFT: DEALS 264
12.2.9 PTC 266
TABLE 151 PTC: COMPANY OVERVIEW 266
FIGURE 75 PTC: COMPANY SNAPSHOT 267
TABLE 152 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 153 PTC: PRODUCT LAUNCHES 268
TABLE 154 PTC: DEALS 268
12.2.10 AMAZON WEB SERVICES, INC. 270
TABLE 155 AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW 270
FIGURE 76 AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT 271
TABLE 156 AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 157 AMAZON WEB SERVICES, INC.: PRODUCT LAUNCHES 272
TABLE 158 AMAZON WEB SERVICES, INC.: DEALS 273
12.3 OTHER PLAYERS 275
12.3.1 GENERAL ELECTRIC COMPANY 275
12.3.2 SOFTEQ DEVELOPMENT CORP. 276
12.3.3 SCIENCESOFT USA CORPORATION 277
12.3.4 ORACLE 278
12.3.5 SIEMENS 279
12.3.6 SAP SE 280
12.3.7 ROBERT BOSCH GMBH 281
12.3.8 HUAWEI TECHNOLOGIES CO., LTD. 282
12.3.9 SCHNEIDER ELECTRIC 283
12.3.10 ARM LIMITED 284
12.3.11 NXP SEMICONDUCTORS 285
12.3.12 TE CONNECTIVITY 286
12.3.13 SOFTWARE AG 287
12.3.14 MICROCHIP TECHNOLOGY INC. 288
12.3.15 VATES 289
12.3.16 CELLHIRE PLC 290
12.3.17 CLEARBLADE 291
12.3.18 SOLULAB 291
12.3.19 KONSTANT INFOSOLUTIONS 292
12.3.20 BINARIKS INC. 292
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 293
13.1 DISCUSSION GUIDE 293
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 296
13.3 CUSTOMIZATION OPTIONS 298
13.4 RELATED REPORTS 298
13.5 AUTHOR DETAILS 299
