Market Research Report
Global Internet of Things Market, By Platform, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025
|Global Internet of Things Market, By Platform, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025|
Published: February 1, 2021
Content info: 148 Pages
Delivery time: 2-3 business days
Global Internet of Things Market, By Platform (Network Management, Application Management and Device Management), By Component (Hardware, Services and Software), By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others), By Region, Competition, Forecast & Opportunities, 2025 .
Global internet of things market was valued USD168.65 billion in 2019 and is forecast to grow at CAGR of over 19% to reach USD480.39 billion by 2025. Global internet of things market is driven by emergence of advanced data analytics technology, surge in adoption of cloud computing and increased prevalence of connected devices for user-friendly interface. Also, the higher disposable income of the middle-class families and upgraded living standard is creating opportunities, which is driving global internet of things market through 2025.
Real-time analytics integrated with the devices enhancing consumer experience by providing data and improving overall performance of the device is expected to fuel the global internet of things market throughout the forecast period. Nowadays, end user industries are leveraging power of internet of things to improve internal efficiency and better time management, thereby, fueling the growth of the market.
Global internet of things market is segmented based on platform, component, application, company, and region. Regionally, Asia-Pacific is emerging as the fastest growing region in global Internet of Things market, owing to increasing population, rising internet penetration, growing economy, expanding smartphone user base, etc. Growing technological advancements are further anticipated to drive demand for connected devices, along with the supporting services.
The major players operating in the global internet of things market are International Business Machines Corporation, Cisco Systems, Inc., Microsoft Corporation, Amazon Web Services, Intel Corporation, Huawei Technologies Co., Ltd., SAP SE, Alphabet Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive Go-to-Market strategies include mergers & acquisitions, research collaborations and new product developments to expand their geographic reach and to increase their customer basis.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the manufacturers, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of global internet of things market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global internet of things market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Smart Mobility & Transportation
Building & Home Automation
Middle East and Africa
Company Profiles: Detailed analysis of the major companies present in internet of things market.
With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Profit Margin Analysis