Market Research Report
Global Internet of Things Market and Trends 2021
|Global Internet of Things Market and Trends 2021|
Published: November 9, 2021
yStats.com GmbH & Co. KG
Content info: 97 Pages
Delivery time: 1-2 business days
"International industries as well as customers progressively adopt Internet of Things technologies."
Defined as a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs), Internet of Things (IoT) offers the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. Both consumers and businesses are increasingly adopting IoT for numerous purposes and the technology is being implemented rapidly across the globe. Moreover, by 2024, international IoT market revenue was calculated to cross a USD one trillion point and by 2030 the quantity of connected devices will likely reach nearly thirty billion worldwide. Furthermore, observing the trend, global companies' executives defined the incorporation of IoT into their business as an important strategic objective, according to the surveys cited in the new yStats.com publication. Already in 2020, a major proportion of the IoT revenue worldwide was attributed to the industrial Internet of Things, with transportation equipment, machinery manufacturing, as well as computer and electronic products manufacturing as the leading sectors.
According to a 2021 forecast cited in the new yStats.com market report, the largest number of IoT connections in 2030 will be registered in Europe, as compared to other global regions. Following the same estimated, the region will be followed by North America, Asia, Latin America and Middle East & Africa. This, however, comes as no surprise, as already in 2021, almost nine in ten of all West European and more than eight in ten of all East European connectivity service suppliers were the fast wireless link required for IoT optimization. Further, the adoption of consumer IoT, including Internet-connected home energy management, security- and safety connections, home appliances, virtual assistants, TV, and game consoles, was substantially higher in Western Europe than in other EU countries, with the Netherlands, Iceland, Norway, and the UK among the leaders. Meanwhile, in the United States, half of adults who had to work from home during COVID-19, purchased new smart home devices to advance their homes and improve the working conditions. Additionally, smart lighting, and smart security cameras or video doorbells were the top two smart home product categories that US adults planned to purchase within the H2 of 2020 and H1 2021. In Asia, meanwhile, the adoption of IoT is also progressing, and by 2030, Southeast Asia was forecasted to lead the regional IoT adoption level.
Asia, Europe, Latin America, Middle East and Africa, North America.
Alora Labs, Amazon, DAC.digital, Ericson, Google, Guaranà Technologies, Jellyfish Technologies, LG Electronics, Macadamian, MistyWest, Poliance Software Development, Samsung, Sidekick Interactive, Sony, TheAppLabb, Xiaomi.