IoT Solutions and Services Market, By Solution Type, By Deployment Mode, By Application, By Geography

Description

Global IoT solutions and services market is estimated to be valued at US$ 286.35 Bn in 2024 and is expected to reach US$ 913.67 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 18% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 286.35 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	18.00%	2031 Value Projection:	US$ 913.67 Bn

Figure. IoT Solutions and Services Market Share (%), By Region, 2024

IoT Solutions and Services Market - IMG1

Global IoT solutions and services market growth is driven by factors such as rapid proliferation of connected devices, growing adoption of cloud platforms, and increasing need for centralized monitoring and management solutions across various industries. Various technologies that enable effective connectivity of devices such as wireless sensors, RFID, NFC, and others have boosted the application of IoT for smart city projects, infrastructure management, supply chain monitoring, and more. IoT solutions allow enterprises to automate business processes, gain real-time insights from deployed devices and sensors, enhance productivity, and achieve operational efficiencies. The market will witness growth as more organizations implement IoT strategies for business transformation.

Market Dynamics:

Global IoT solutions and services market growth is driven by factors like growing adoption of cloud platforms, increasing deployment of wireless connectivity technologies, and rising need for centralized monitoring & management across industries. However, issues pertaining to data security, integration challenges, and high initial investment can hamper the market growth. Developments in edge computing, 5G infrastructure, and block chain can provide significant opportunities for market growth. Adoption of IoT in applications such as smart manufacturing, connected healthcare, and autonomous vehicles can drive new revenue streams for market players in the future.

Key features of the study:

This report provides in-depth analysis of the global IoT solutions and services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global IoT solutions and services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, General Electric Company, Siemens AG, Intel Corporation, Oracle Corporation, Honeywell International Inc., Bosch Group, SAP SE, PTC Inc., Vodafone Group plc, Qualcomm Technologies, Inc., Schneider Electric SE, and Dell Technologies Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global IoT solutions and services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IoT solutions and services market

Detailed Segmentation-

By Solution Type Insights (Revenue, US$ Bn, 2019 - 2031)
- Software
- Hardware
- Services
By Deployment Mode Insights (Revenue, US$ Bn, 2019 - 2031)
- Cloud-based
- On-premises
- Hybrid
By Application Insights (Revenue, US$ Bn, 2019 - 2031)
- Industrial IoT
- Smart Home
- Healthcare
- Transportation
- Agriculture
- Retail
- Others
Regional Insights (Revenue, US$ Tn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- General Electric Company
- Siemens AG
- Intel Corporation
- Oracle Corporation
- Honeywell International Inc.
- Bosch Group
- SAP SE
- PTC Inc.
- Vodafone Group plc
- Qualcomm Technologies, Inc.
- Schneider Electric SE
- Dell Technologies Inc.

Product Code: CMI7434

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Solution Type
- Market Snippet, By Deployment Mode
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global IoT Solutions and Services Market, By Solution Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Services
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global IoT Solutions and Services Market, By Deployment Mode, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Cloud-based
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
On-premises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hybrid
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global IoT Solutions and Services Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Industrial IoT
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Smart Home
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Agriculture
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global IoT Solutions and Services Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Israel
  - GCC Countries
  - Rest of the Middle East
Africa
- Regional Trends
- Market Size and Forecast, By Solution Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019-2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- Cisco Systems, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- IBM Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microsoft Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Siemens AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Intel Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Oracle Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Honeywell International Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bosch Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SAP SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- PTC Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Vodafone Group plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Qualcomm Technologies, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schneider Electric SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dell Technologies Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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