IoT Technology Market Size - By Component, By Industry Vertical, By Connectivity, By Deployment, By Application & Forecast, 2024

Description

Global IoT Technology Market size will expand at over 8% CAGR from 2024 to 2032, due to ongoing innovations and significant investments. Companies and researchers are developing new applications and improving existing systems for enhancing connectivity and functionality across various sectors. Rapid advancements in sensor technology are driving this progress for providing more accurate data collection and enabling smarter decision-making.

Rising efforts for integrating more advanced sensors will further expand the capabilities of IoT systems. For instance, in April 2024, Qualcomm launched new IoT and Wi-Fi technology for industrial applications. The new Wi-Fi solution and platform upgrades are enabling on-device AI and enhancing IoT connectivity for advancing performance and integration in industrial environments.

The IoT technology market is segregated into component, connectivity, deployment, application, industry vertical, and region.

By component, the hardware segment is estimated to rise at a significant rate from 2024 to 2032. Of late, manufacturers are developing and deploying innovative sensors, processors, and connectivity modules to enhance the capabilities and performance of IoT devices. These components are enabling smarter, more efficient systems to collect and process data in real-time. Subsequently, the ongoing evolution is driving the expansion of IoT applications across various sectors including smart homes, industrial automation, and healthcare for offering enhanced functionality and greater connectivity.

IoT technology industry from the wi-fi connectivity segment is expected to expand from 2024 to 2032 owing to its ability of transforming the ways devices are interacting within this field. Smart devices are communicating via Wi-Fi for enabling seamless integration and control of home automation systems, wearable technology, and connected appliances. As this connectivity is improving, more sophisticated IoT solutions are emerging with innovations for expanding smart cities and automated transportation.

Regionally, the Europe IoT technology industry size is projected to depict robust growth between 2024 and 2032, propelled by the increasing consumer electronics demand and advancements in security solutions. Companies are enhancing their offerings to meet this rising demand for incorporating advanced features and improving connectivity. Lastly, the demand for advanced consumer electronics will propel the market growth on account of the increasingly connected and secure technological landscape across Europe.

Product Code: 9667

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Industrial automation and efficiency improvements
  - 3.8.1.2 Advancements in AI and machine learning integration
  - 3.8.1.3. Expansion of 5 G networks and connectivity
  - 3.8.1.4 Rising demand for smart city solutions
  - 3.8.1.5 Proliferation of smart home devices and applications
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Security and privacy concerns
  - 3.8.2.2 Interoperability issues
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Services

Chapter 6 Market Estimates & Forecast, By Connectivity, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Cellular
6.3 Wi-Fi
6.4 Bluetooth
6.5 Others

Chapter 7 Market Estimates & Forecast, By Deployment, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 On-premises
7.3 Cloud

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Smart home
8.3 Industrial IoT
8.4 Connected health
8.5 Smart cities
8.6 Automotive
8.7 Consumer electronics
8.8 Retail
8.9 Others

Chapter 9 Market Estimates & Forecast, By Industry Vertical, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 Manufacturing
9.3 Healthcare
9.4 Transportation and logistics
9.5 Energy and utilities
9.6 Agriculture
9.7 Others

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Amazon Web Services, Inc. (AWS)
11.2 AT&T Inc.
11.3 Bosch Software Innovations GmbH
11.4 Cisco Systems, Inc.
11.5 General Electric (GE)
11.6 Google LLC
11.7 Hewlett Packard Enterprise (HPE)
11.8 IBM Corporation
11.9 Intel Corporation
11.10 Microsoft Corporation
11.11 Oracle Corporation
11.12 Qualcomm Incorporated
11.13 Samsung Electronics Co., Ltd.
11.14 SAP SE
11.15 Siemens AG

IoT Technology Market Size - By Component, By Industry Vertical, By Connectivity, By Deployment, By Application & Forecast, 2024 - 2032